Penny Auction- penny auctions are timed auctions where users pay for each bid they place. Each bid placed raises the price of the item by .01c and also adds time to the clock. The last bidder to place a bid before the time runs out wins.

Jumper/Jumping - Someone who enters (jumps) into an ongoing auction and causes the auction to continue for any duration of time

Stamp- Bid first on an auction. You are claiming that you are going to bid on this item and that you are interested. this is done asap, sometimes days in advance.

Tag & Defend- The VERY FIRST bidder to bid on an auction. This bidder typcially bids first and will go as long as he/she can afford

Power Bidder- Someone who is very aggressive and who is willing to spend more money than necessary to win ANY item

Noob- bidder who is new to penny auctions

Imposter- Someone who deliberately or accidentally copies another bidders name.
Example- imgonnawin, img0nnawin, iamgonnawin, imgonnaw1n, imgonwin
these are all similiar names but they may be several different users

RESPECT- "if you dont bid against me, i wont bid against you"
respect is given when a user stamps an item and is clearly going after an item and has clearly shown that he is willing to spend the money to win the item

Trigger Finger/Throttling - Someone who instantly bids. this person tends to watch one or two auctions and bids instantly when other users bid. this persons name is always on top when viewing at the auction.
this strategy typically leads to a quick and easy victory or spending a TON of bids in a very short time.

Bidbuddy/autobid/bidbutler- allows you to set a certain amount of bids on a certain auction and allows you to bid on an auction with out actually sitting at the computer

PA- Penny Auction

BIN- Buy It Now, some penny auction sites allow you to buy the item when you have reached the price of the item you are bidding on

Reserve- a reserve is a minimum amount of bids that has to be collected in order for the item to be given to the winner. New sites tend to throw reserves on items so they will receive a certain amount of money on the auction

Win Limits- win limits are imposed to allow all users a better chance at winning. win limits are set so that certain bidders can win a maximum amount of auctions in a certain day, week, month etc..

Shills- Penny auction owners, friends, and employees who act as bidders to attract more bidders to their auctions. Shills also run the price up on auctions to make sure that the auction makes them money

Bid Bots- a program that bids at the last second to run up the cost or to make sure your bid is in at the very last possible second. users sometimes use these programs to save money- they get caught eventually. PA sites sometimes use them to run up the price of auctions to make more money

Leading Bidder- This is the name that is currently on the auction while the auction is in progress. It is whoevers name that is at the top of the bid amounts section during the auction. Leading bidder changes every time someone bids.

1 Second Bidder- Someone who bids at the last possible second in the auction. If the auction is counting down 3...2...1 this person will bid right before it hits 1 second. This results in prolonging the auction that much longer and it is very aggravating to the person who is the leading bidder.

Progressive Auction/Ladder Auction- A Progressive/Ladder Auction is typically an auction that consist of gift cards with a low value, and as bidding takes place, the value of the card becomes increasingly more valuable. For instance a gift card may start out at $10.00 and once the auction has reached "$X.XX" price it will then turn into a $25.00 card, then when it reaches the next predetermined price it will turn into a $50.00 card and so on. So the value of the card progressively gets larger.

Trap Pages- http://www.youtube.com/watch?v=vn0G6RU4Ghg

LET ME KNOW IF I MISSED ANY, JUST ADD EM IN YOUR POST

Just1penny, maybe something about "trap" pages? I'm SO aggravated this a.m.--my server must have changed--again! 5 $200 cards instead of 17 or so each day! Have you had a change on Quibids? Suggestions?

Thanks for posting this Just1Penny, great list.

"Trigger Finger" - I've heard this called 'throttling'


Out of curiosity, if you had to make a calculated decision on what qualifies someone in an auction as a "jumper", what would it be? Eg. "The bidders first bid was after the auction was over retail in terms of the value of the bids already placed"

not sure what your asking. im sorry, what do you mean by trap?

no changes in quibids from my end

yes, i think they both mean the same thing, i have seen that on another forum.

i would have to say that when 2 bidders are going at it and one stops and someone else JUMPS in, then they are just prolonging the auction, especially if there is no Buy It Now feature. this IMO (in my opinion) would be considered jumping and....... when someone has reached the buy it now price or is getting very close to buy it now price and will soon stop bidding and somebody decides to JUMP to try and get a good deal. i would consider these instances jumping, IMO.....how bout you guys?? whats your thoughts.

Jumping is rampant then. If you start bidding at the beginning of an auction (unless you're in business), there's no way you can get to the buy it now on bigger items. Is it jumping if you start, quit, and return much later? "Trap" page is the server Quibids puts you on at first--easier auctions--then they filter users to various servers that have different auctions to "enhance the user experience." In their words. . .

i dont think it is jumping if you bid FIRST, and then stop after a while, especially if two bid buddies are going at it, and when one ends, you get back into bidding. i think you are just saving a couple bucks.


about the trap pages, do you have a link to this trap pages that you are talking about? when i first started out on quibids, i believe i started in the beginner auctions, and progressed to the live auctions, that everybody could bid on. i never saw anything about "trap" also looked in site rules, quibids 101, etc..

quibids is tough site to win on, just cuz its so big, but i had some success on there, not much though, im giving it another chance in next week or so, when i get rid of some of my product

There's no link to the trap pages. They show a different set of auctions to different users based on (apparently) how much they won. There's a video about it here and a thread on PAW here.

wow, thats insane never even thought of thought that was possible. lol crazy, yeah ill add that to the original post, great suggestion!!!
anybody got any more

Great list J1P. Very complete and well-said.



Do Power Bidders always need to aggressive or can they just be relentless in their effort to win despite the cost?

Jumping - I can't see the definition being easily quantifiable. To me, it comes down to showing respect for an original bidder who has a significant financial investment in an item.

Each case/auction/item is different. "Original Bidder" looks different on each site but I like to think of it as being the active bidders immediately after after the initial bargain-hunter frenzy has subsided.

"Significant financial investment" is also a gut feeling based on bids placed, bid value, item value, and duration of the auction thus far.

Some sites don't give you very much information about who were the original bidders, how much investment they have, etc. I use APA a lot to help me respect others if I'm late to the auction.

But you have to be an original bidder or all bets are off no matter your investment or rep... you're still a viable target for an end-game win.

Having said all that...jumping is a valid strategy. It's practical on Quibids and promoted by staff at Beezid. On some sites however, it will get you killed (financially speaking of course.)

My 2 cents. Thanks for the APA tools.
-rp

thanks rp187, i agree with you on the big sites like quibids, bidrivals, etc.. jumping is a good strategy on those sites, that is why i tend to bid at very odd hours of the day and still try and respect the people that have won significant amount of auctions.

Do you have a guide to your allpennyauctions auctions, or a education on some of your charts?
What is a Unique bidder?
I would like to be able what you are trying to show on th chart on the right side of the "past won items graph"... Which is really great!

Thanks!

"Unique Bidder" is simply a way of saying the number of different usernames. "Unique" is a standard internet traffic term for number of users.

For the past won items graph, I'm not sure what page you're referring to?

I personally don't like power bidders and shills..amen!

Sniper - Typically a 3rd party program installed on a computer set to only bid when a specified criteria is met, most often at the last possible second so as not to allow anyone else to bid.

Hi!! I thought jumping meant the ppl that continually jump everyones bid. Those ppl get on my nerves. Everytime someone bids the jumper bids right after them. What do you call them ppl? thanks!