Everybody wants to win their bids on penny auction, but what’s the effective way to win the auction?
Here you go..
- If the agency gives you free bids, save them, and use them only when you buy bid packs. If there are a few people who win the penny auction with a few free bids, but it will not happen very often.
- Control your spending. Do not spend more than you’re willing to lose. People have their own chance of winning penny auction but they can lose a lot too. When you bid on penny auction, you have to know if there are many people who want to win the auction. They might have spent more than you spend to bid on penny auction. And that’s the risk in which you must place yourself to be ready for the worst.
- If there are about three hours left, do not put your bid, because you will be out bid and just waste your time. Just bid on 10 minutes before the end and that’s pushing it. Everytime you bid more time will be added.
- Do not pick something just because it seems like a lot of people are not putting their bid on it. Bidding is like survivor, you need to outwit and out last your opponents.
- For those who have been lost their money on penny auctions might get frustrated by not winning, it is kind of like gambling.
- It is better for you to stick with the low cost, most of the time, there are less people bidding on the low cost and the chance to win the bidding will increase.
- Do not spend more on bidding on the bid packs than the bid pack is worth. In the other words, you only wasting bids for bids that you might not win.