mattheus wrote: ↑12 Mar 2024, 10:07amAre folk here saying that the current Sniping Software is cleverer than eBay's inbuilt feature? IAMFI
:-)
It's not that it's smarter than eBay's inbuilt feature - sniping software is smarter than eBay's human users.
If everyone using eBay just did so by entering their best and final bid at the start and then resolutely ignoring the auction until completion, there would be no value in sniping software. You'd put in your bid, everyone else who is interested would put in theirs, and the highest bidder would win at whatever price was necessary to beat the second highest bidder.
But people are irrational. Once they've bid on something, they often feel a sense of ownership or entitlement towards it. So if you try to use eBay like this, you'll often find that other participants in the auction are willing to up their "maximum" bids to beat you, if they realise that their bid has been topped.
To prevent this, you enter the bidding late (aka snipe) - so there's less time for other people to realise that you've bid and make changes to their own bids to top you. Sniping software lets you automate that process, and so it helps reduce the impact of human irrationality on the bidding.