Intelligent bidding

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AKA, Dont pay more than you have to!

Every time i bid on eBay auctions, I am astounded by the number of people who put in a max bid when the item is first listed or still has days to go until it ends. All this does is inflate the price of the item you are buying and also indicate to others that you are interested in the item which makes them bid more aggresively.
In an ideal situation, you will want to bid as late as possible, to prevent other buyers from being able to increase their own max bids. Wait until the final moments, i usually wait until 20 seconds or so, and then set a max bid which is the most you are prepared to pay (remember to take postage into account!)
This has two key benefits. Firstly, it allows you to steal the auction at the end, especially if the other buyer thought they were the only bidder.
Secondly, by bidding once, with the maximum amount which you are prepared to pay (sensibly), it prevents you from getting caught up in that strange bidding frenzy where all rational thought goes out of the window and you up your bid when you see that someone has bid higher.
You may lose out occasionally, but in the long run you will save yourself a lot of money.
(Disclosure - I received the link o post this review from BzzAgent.)
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