There seems to be no limit to the number of tips and strategies out there on the Internet about how to win penny auctions and spend the least number of bids to do it. Trouble is, there seems to be little consensus on many matters. Some “experts” recommend using auto-bid tools, others warn against them. Some stress intricate strategy and mathematical accuracy of bid timing and amounts. Others claim that winning is most simply a matter of bidding at the right time.
However, what most DO agree on is that preparing yourself and practicing a few, clear penny auction do's and don'ts could save you a lot of money AND increase your chances of winning. For preparation, read (and re-read if necessary) the “How It Works” article HERE. Then, before placing a bid for a Pricebenders™ auction item, be sure to familiarize yourself with these essential do's and don'ts:
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Pricebenders™ Do's
DO...determine a bid budget and stick to it.
DO...watch the auction timer. If the counter almost reaches zero again and again before starting over, it means that there are probably not very many members bidding on that item...and that means your chances of winning are higher.
