It takes time to learn the ropes to bidding on DealDash. However, you can win some really nice items at incredibly low prices if you are willing to do the work, the math and most of all have patience! If you are a newcomer, watch a couple of auctions from the beginning to end before bidding. You learn a lot watching the bidding practices of others!
Plan before entering an auction. Buy your bids when they are at the lowest price. The lowest I’ve seen is 220 bids @ .15 cents each totalling $33. I personally would not enter an auction with a buy it now price (BIN) of more then $30 based on 220 bids. Hope to Win but be prepared to lose. Find an auction that you would not mind buying now.
Most important! Deal Dash is awesome in that you can still bid, have a great time, buy your item if you are not lucky and still get all your bids back! Resist over-bidding and spending way too much for the item you have selected. Say you choose to bid on a $10 Wal-mart gift card. Do the math first: $10 divided by .15 cents equals roughly 67 bids. There is a catch… you have to include the going auction price at all times! Say you jump in the auction at $4. Don’t place 67 bids on a $10 BIN auction that has reached an auction price of $4 already. If you won on the 67th bid you would be paying a total of $14 dollars for the auction you’ve just Won! Bids + Auction Price = Money Spent.
The secret to Winning! It’s fine to bid and buy now because Deal Dash is not going to rip you off! But we are all here to WIN! Do a quick google search of the item you’ve chosen to bid on. You’ll find Deal Dash is fair at listing the BIN price competitively. Every auction you enter is going to be different from the number of bidders entering the auction, bidding practices of your competition, ect.. I’ve found that I love to set a bid-buddy up of maybe 5-10 bids before the auction even begins. Many bidders place 1 bid go off and forget the auction only to come back and find out that the auction ended at .17 cents! If you are going to leave, make sure some auto-bids are happening first! It’s better to not leave at all! Patiently wait, watch and find the perfect moment to really enter the
auction! I like to wait until there are only three auto-bidders running. Eventually one of them is going to drop out and that is when I like to jump in! Of course I don’t mind jumping right back out for awhile if I happen to see a 4th bidder join in. I like to save as many bids as I can for the win but you got to watch the auction really close! Just the strategy that works best for me. I did all my Christmas shopping with items I won on Deal Dash for 2013!
The free bids that Deal Dash offers is a really cool feature! Try not to abuse it and stomp on others to get free bids. Bid-Stompers rarely win an auction! They only accomplish irritating their opponents, raising the auction price and are most likely going to get stomped back! It takes an awful lot of bids to move that meter as you level-up! In the end they really only cheat themselves.
Thanks for reading, Happy Bidding & Good Luck!