Monday, February 7, 2011

BidRivals Strategy-2: Right Time to Bid

This is the second part of my series on BidRivals Strategy. For the first part, read the BidRivals Strategy-1. This part has to do with the timing of bidding.
This is true for any penny auction in general. No two times are equal and there is always more competition during some times and less competition during others. The overall competition depends on two major factors:
  • Number of active bidders at a given time.
  • Number of auctions live at a given time.

It is important to remember that it is not enough to know just when there are more or less people because penny auctions like BidRivals change their number of live auctions quite soon. Therefore you also need to know when there are more auctions and less bidders.

For penny auctions in general, this is reasonably easy to do. However, with BidRivals, this is an especially tricky situation, which makes this particular BidRivals Strategy really hard to predict. The reason for this is simple - here you will bid against people from all over the world and not just from your country. This means you will compete with people from different time zones and therefore there is near uniform bidding throughout.

However, there are some general pieces of advice that I can give you.
The worst times to bid on are -
  • Weekends: This includes weekends for both US/UK times. BidRivals is popular in other parts of Europe as well, therefore do some +/- hours in your final consideration. It is not advisable to bid during the weekends because there are just a little more number of auctions than usual but there are a ton of extra bidders as they are free during the weekends. As a general rule, avoid weekends.
  • Evenings/Nights: I would avoid evenings in US/nights in Europe time. This is a dangerous time to bid as you will have immense competition from both Europe and US. This will decrease your winning chances overall.
Just follow the above BidRivals strategy and you should do better than a lot of other people on the site. And don't forget to share your own experiences with others.

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