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Before we can look at what would be a good strategy to employ for your next unique bid auction, we should first of all address the question of "what exactly is a unique bid auction?" In order for us to throw some light on such a question, we must first delve deeper into the complex world of the online auction. This type of auction is perhaps one of the trickier types of online bidding site to explain. But ultimately, once you understand how they work, you will soon discover that this type of unique bidding makes for a fun and addictive way of shopping online. The basics of the unique bid auction are as follows... Every interested bidder must place what is known as a sealed bid. This means that none of the other interested parties can see the amounts that have previously been bid. And it is this layer of secrecy and mystery that surrounds these types of online auctions, which makes them so much fun to be a part of. Because of the fact that you never know what has been bid already, you constantly find yourself second guessing the other players in the auction, and trying to outsmart them with your bidding tactics. Now here is the twist. This is the bit that makes these unique bid auction sites so much more competitive. In most online auctions of this sort, the winner of the auction is the person who has bid the lowest unique bid. That's right. Whereas most traditional online auctions would deem the winning bidder as being the person who has placed the highest bid and is therefore willing to pay the most for the item in the lot, a unique bid auction actually works the other way around. This fun little twist on the traditional online auction model not only means that the successful bidder can pick up some absolute bargains from these online auction sites, but it also makes for a much more fun and competitive bidding environment. Online auction sites that function in this way are a fantastic place to shop online. But it is no use placing piles of bids on lots that you are not going to win now is it? And that is where a properly defined bidding strategy can come into play. The key to winning one of these types of online auctions lays in getting your bids just right. You need to place bids that are low, but not so low that other people will think to place bids of that value as well. There is in fact a degree of psychology involved in these types of unique bidding systems. The level of thinking and strategy involved in winning a bid of this nature is perhaps the thing that has seen these bidding sites launch to new found levels of popularity and success over recent years. Whatever your reason for getting involved with this very unique form of online shopping, we are sure you will have fun doing so. And who knows, come at it with the right strategy and you may even bag yourself some bargains! BidGrid are an innovative auction site where it's the lowest unique bid that wins. See how it works.
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