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Originally Posted by altis
I don't think this will work.
Let's say in the last few moments of an auction you bid £50.01 and someone else bids £50. If you are first then, even if you had bid £50, you will win. But if you are second, your bid will not be accepted by eBay 'cos it doesn't exceed the previous bid by £1 (or whatever the increment is at that price level) - hence you lose.
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But it does work the other way around - if you place your £50.01 before the person comes along at the last second bidding £50.00 then you will win the auction. If you do this around 10 seconds before it ends, then it's unlikely the other person will see the increase even if they keep refreshing, as it takes about 4 seconds to compose the page. Damn I'm sounding sad now, I'm gonna shut up!
If they bid £50.02 in the last seconds, they won't win, becuase you're in there with £50.01 before them and the increments would be wrong. Of course if they bid £60 then you've lost!