5 tips for helping to win at penny auctions (sometimes also known as pay to bid auctions)
1. Never bid until the end of the penny auction bidding earlier may just start a bidding war!
2. Take advantage of all the information the penny auction website gives make sure you read all the tutorials and the help section as they may give you clues as to the best strategy to employ when bidding on auctions on the website.
3. If the penny auction website offers some sort of automated bidding system, take advantage of it! Automated bid systems ensure that you don't get carried away and bid too many times in the excitement of the moment, plus it means that you can bid on all your favourite auctions without having to actually be at your PC.
4. Take advantage of bid packages. Often, the more bids you buy at a time, the cheaper the bids work out to be. Although it is prudent to start by buying just a couple of bids to test the site out, once you are happy with the website it is usually more cost effective to purchase a large number of bids in one go rather than a couple of bids at a time. Penny auction websites usually make it clear as to the cost of each individual bid in a bid package so you can compare the prices of each bid package quickly and easily.
5. Take advantage of any different auctions that the website offers. For example you may find that there is less competition in beginner penny auctions and therefore you have a better chance of winning an item for a low price. Beginner auctions are also normally good because it means you aren't bidding against more experience penny auction players.