It can be a little frustrating when someone else outbids you for the Joe DiMaggio rookie card on eBay. Most people practice a technique called sniping.
The service sets a deadline on bids for items, which has given rise to the practice of “sniping,” bidding at the last minute to deny other bidders time to outbid you.
Apparently sniping is a very effective technique to winning a bid.
Not only does it usually guarantee you the win but it usually gets you a lower price than incrementally bidding throughout an auction. If you are really interested in betting theory then try this paper on the economics on auction/market design and bidding strategies. I must warn you that I didn’t care enough to read it though.
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