The Powerbidder’s Strategy to Winning DealDash Auctions Part 3 of 3


The importance of watching auctions.

“So if you know the place and time of battle, you can join the fight from a thousand miles away. If you do not know the place and time of battle, then your left flank cannot save your right, your right cannot save your left, your vanguard cannot save your rearguard, and your rearguard cannot save your vanguard, even in a short range of a few to a few dozen miles.”- Sun Tzu, The Art of War

Following on from part I & II.

Now do you see just how important it is to watch auctions and “get to know your competition?”

The bidders that are intently watching will see that the bidder who appears to have placed upwards of $1k in bid m (granted you’ll have to have been watching this for a few hours) and didn’t win likely didn’t want to lose their bids so they used buy it now to get their bids back. Say they spent approximately $1k in bids, 1,666 bids at $0.60 each. Maybe even more if they purchased the bids during a bid promotion.

$0.60/1000= 1,666.66.

Right now, for a limited time, with DealDash’s Christmas promotion bids are $0.18 each. $1,000/$0.18 = 5,555 bids.

Each bid placed by a bidder resets the auction clock by 10 seconds. Can you imagine just how long the $1k auction would go on for? 1 bid = an additional 10 seconds may equal 55,500 seconds (more or less). This is equal to perhaps at least 15 hours of bidding, then add another bidder bidding against this one bidder, and others every now and then. This is if the timer was reset each time towards the very last second of bidding (more on why you shouldn’t always bid last minute in a future tips article). Depending on the number of opponents and frequency of all users bidding, these two bidders could bid for well over 20 hours! Of course not all auctions last this long, but it has happened! This just goes to show that a online auction on DealDash for a popular, high priced item could take a lot of time before it sees an end.

At $5.00 auctions are closed to new bidders, this is a good idea as it helps to decrease auction times and competition.

Should you be a powerbidder?

This is really up to you to decide, and there are other strategies that you could use that you will be able to learn about here in this blog in future articles.

Just remember it takes time, focus, patience and money (or winning a lot of bid pack auctions) to be a “powerbidder.”

What do you think of the powerbidder strategy? Are you glad that DealDash sets both time and win limits?

We want to hear from you and would be honored to feature your bidding stories here.

Don’t forget to share these articles with your friends!

 

 

 

 

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10 Responses

  1. Goldvein says:

    When I joined DealDash in August of this year, I was familiar with websites. I’ve designed dozens of them over the years. But for many people the sight of all the live auctions with their timers on DealDash can be a little overwhelming. DealDash Tips eases people into being aware and comfortable bidding, and gives essential advice on strategies and the costs involved. Am I a power bidder? I’ve won lots of gift cards from $25 to $200, cologne, and my favorite win – an entry level electric guitar for $25 that sits right next to this computer. I often bid on large cost items, in case the auctions end early. And some auctions end waaaay early! So, please read the good advice on DealDash Tips about items and strategy – and good luck bidding!

    golvein in California

  2. waynepc says:

    I have tried other penny auction websites in the past but Dealdash is by far the best. I have won more items on this site than I ever had on all the other sites I have tried combined in the past. I usually go for the gift cards of $25 to $50 and have had good success. I love when they start a whole lot of auctions at the same time so you get a better chance to win something. Thanks Dealdash.

  3. dealmeguy says:

    I like the site just not some of the people that insist on over bidding just so someone can’t win.

  4. rhpeek says:

    Great advice

  5. suvgal says:

    This is the best penny auction. It’s the only one I use. I have won some great items.
    Thanks DealDash

  6. HeyUGetNext1 says:

    I wish I’d known about this webpage before now. Very informative! Thank you. I enjoy DealDash and winning great bargains. I will be back to this site to dial in my strategy. :)

  7. Kevin Gibbs says:

    No better place to play, It’s tough but they give you back something. The more you bid using the clock the more you get back, Thanks DealDash.

  8. gumball says:

    I love Deal Dash! I have been able to win some great gifts for my family (especially around the holidays…with 5 kids and 12 grandchildren every little bit helps lol). I don’t like those that ‘stomp’ as not all of us have the extra money to buy bids all the time & we like earning our free bids. I do like that DD places win limits to make it fair for everyone & what a nice bonus to get free bids when you’ve been able to reach new levels! Thanks DealDash :)

  9. Lam29 says:

    Newbies have changed the way the more experienced dealdasher bids. DearDealDash tips hopefully will help. overbidding on even the low cost items has become a fight not only for the item but for the time for free bids. Not much fun anymore. The Congrats “fireworks” is very addicting too.
    Do love when they start a whole lot of auctions at the same time so you get a better chance to win something.

  1. January 15, 2014

    […] Auctions Part 1 of 3; The Powerbidder’s Strategy to Winning DealDash Auctions Part 2 of 3; The Powerbidder’s Strategy to Winning DealDash Auctions Part 3 of 3.) These powerbidders are ruthless, and well, let’s face it – unless you want to spend […]

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