Playing the Penny Auctions: The Real Winning Strategies
If you are searching for tips for winning at a penny auction site, then you have come to the right place. Here, though, we are not going to reiterate the usual advice, the internet is saturated with ‘winning strategies’, sure, these strategies are good, but you don’t need to read about them again. Instead, we are going to look at a few of the lesser known strategies. This is helpful in several ways. Firstly, you are more likely to win because these are strategies that the majority of players are unaware of, and consequently have no tools to beat them, and secondly, because they will help you to avoid expensive mistakes.
Plan Your Budget
You need to set yourself an amount to spend. This is not because it will help you to save money and not gamble away money (although it does this too), rather, it enables you to work out if a strategy is viable or not. If you use a strategy and you are seeing no results after 50 bids, then you need to drop it and think up another tactic. We recommend that you set your budget for any given strategy at between 50 and 100 bids. This is because there is an element of luck involved in the auction format of the pennies, and you need to ensure you are not losing simply for luck, but for the reason that the strategy is faulty.
Work as a Team
If you can, you should buddy up and beat the competition. Choose somebody you know, rather than another player, and each sign up to the same site. When you find an item you like, enter a bidding war together. The other players, those that are clever, will sit back and watch while you both, apparently, run out of steam. Make sure that your partner in crime bids at between 1 and 3 seconds left on the timer, each time that he counter-bids. Once you are the only two left in the war, but before you get close to losing bids, one of you stop the counter bidding and wait for the counter to reach zero. If you have sufficiently lulled your opponents into a false sense that you are in a bidding war, then nobody will counter your bid. This is a great way to beat the intelligent players.
Now you know how to play to win, get going at http://www.bidvid.com.
