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Oh yes, you're right. It's a bit different to how I thought it works. Cheers.

(Now I hope someone outbids me on the chunk o junk I bid on to test it out!)

This strategy might go badly wrong if more than one bidder in any given auction uses it. ;)

Also, am I right in thinking that you only pay a bit more if you're using the let-ebay-bid-for-you...