Penny Auctions tactics and tricks via players

Penny Auctions tactics and tricks via players

Searching the net you can discover many excellent penny auction tips and ticks from users and pros to be able to win or have a greater chance of winning with penny auctions. Penny Auctions have been in existence for awhile now and there happen to be many successes as well as many let downs, so in this article we are going to look at the best suggestions we found to help you win big and prevent the let downs.

-Pick something you'll want to buy

This is not a must, I've played lots of things which I didn't want to buy but this really helps out if there is something planned you desire to buy. Instead of just browsing on the internet and purchasing it, why not try and win it first? With penny auctions, a lot of them you can try and win the item and if you don't it is possible to place the money you employed in the auction to your item. So if the item is $300 and you already put in $100, you can obtain it for $200. Many of the reverse auctions have pretty good prices for the buy it now; they find them wholesale and pass the savings to you.

-Bid the last 10 seconds

This one is large, I have come across way too many people bidding when it's counting down and it is still really high. Some people bid with 20 to 30 seconds left, which just wastes bids. The most beneficial practice would be to wait until it's lower than around 10 secs, I like to wait until there's 2 seconds left and bid. That's when I had the very best success of winning. Many people still don't make use of this trick and merely bid away with virtually no strategy.

-Date and Time

Most people play during the afternoon and night, so playing in the morning provides you with an advantage plus a higher chance of winning. It isn't essential; you could still win plenty in the afternoon and night. Actually after 11pm is good because I noticed more intoxicated players just betting in great amounts initially and then slowing down and if you have patients this plan of action works.

-Set a restriction

Choose each item how much you wish to spend, this is effectiveif you're really interested maybe you wish to spend the majority of bids on it. Or maybe your not too interested and just wish to spend a small fraction. This keeps your priorities organized and you will be much happier with the winnings if it's something you really wanted.

-Watch the number of bidders

Most penny auction sites will disclose who the latest bidders are or how many are bidding. This is an useful one as you are able to see how many bidders at a time there are so that as this starts to slow, this is the time you jump in! If the bids are flying like crazy this is most likely a bad time to bid since there is so much competition. So this tip is huge, if you're able to hold back until it slows down some, your odds will increase a whole lot and helps you win more items.

-Don't bid with lack of time

Don't take a seat on the computer and begin to bid whenever you just have 10 minutes to bid, don't expect an instant win. It does happen but most of the great wins and greatest products happen after awhile. So focus on a product you want, analyze what's going on and be patient. This will really help you in the long run.

-Start out small

Yes everyone wants that big screen TV win, but I would advise starting small. That is how I got my first win; I won a $50 gift card for outback restaurant. It was the first thing I bided on and was really small compared to everything else, but it was a win that helped me with my own personal strategy.

These are some good penny auction tricks and tips that can help you with your odds and entertain you at the same time. If you use these tips your odds will dramatically improve on winning some great products for cheap.

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