I have been known to do it often. My view here is that, as Kerry, I think it was, said, It is a fact of life. I have been there many times wanting a chip bad to get outbid in the last seconds. What gets me more often though is where you place an honest bid and somebody, clearly, goes in and places incremental bids finding out how much you bid and outbids you. I can see how sniping is a, maybe legitemate, strategy with style auctions. However, the thing that gets me is the people who can't or won't just place their honest bids. They do the incremental thing placing 10 bids at $1.50 each to find out what you bid. Then every time you outbid them they do the same thing again. You can spot this when you look at Bid History and see 10 bids by say 2 people. You bid and Joe blow places 6 bids and then you bid and he bids 2 more times... That can, I feel drive the price up actually to the highest limits right off. I suppose for the seller that is good because you have 2 people driving up the price. To avoid such emotional bidding hysteria, I usually put, what I believe is, a fair bid but hold back a little. If someone comes in and starts the incremental thing I will, if I can be around, then sit on line during the last minutes of the auction. If it hasn't yet exceeded my total intended bid, I will then place one last bid as the clock clears about 40 seconds left. I will set up the bid with about 1:30 and watch my watch counting away till about 40 or 30 seconds. Then I press "Place Bid" If I get it great, if the other guy or someone else gets back in than, as I know Kerry said, I have already come to the realization that I can't have every chip I want.
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