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3. Bidding > 30. Take Advantage of Bid Increments

Take Advantage of Bid Increments

A slight adjustment to your bidding strategy will help you save money and win more auctions.

Every auction has a minimum bid, a dollar amount shown just above the Place Bid button on the auction page, as shown in Figure 3-4. If the auction hasn’t received any bids, the minimum bid is the same as the starting bid. Otherwise, the minimum bid is equal to the current price plus a bid increment.

The Bidding Section shows the current bid increment and minimum bid

Figure 3-4. The Bidding Section shows the current bid increment and minimum bid

Bid increments, at least in theory, prevent bidders from outbidding one another by a single cent, and are calculated as follows:

Table 3-3. 

Current price

Bid increment

$0.01-$0.99

$0.05


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