Why I use a sniping service.
About 8 years ago I bid around $200 for a nice item. It was at $20 or so with 10 minutes remaining. A new bidder bid $30 and was outbid by me, of course. Then he put in $40. Then $50. Then $60 and so on until he was the high bidder at $205 when he stopped and won it.
If I sniped, he would have probably stopped at $30 and I would have won it at the next bid increment (assuming no other bidders).
And the reason you often win at your exact price is because of the bid increments. If you put in a bid of $40.27 and another bid comes in at $40, you win it at $40.27 even though the bid increment is supposed to be $1.
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