Sniping is the art of placing a bid at the very last moment in order to get the very best price for an item.
Sniping Tools
Snipe Software on eBayMathematicians Prove Sniping Works
newscientist:
The best way to win an online auction is to wait until the very last moment before making a bid in the hope no one else will have time to respond.
This strategy is already practised by many auction aficionados and is known as "sniping". Now a mathematical analysis by researchers from Seoul National University in Korea has confirmed that it gives the best chance of winning.
Byungnam Kahng and his colleague Inchang Yang analysed more than half a million auctions on the US and Korean versions of the auction site eBay in an effort to determine the best strategy for bidding. They saw a mathematical pattern in the bidding behaviour of bidders and derived a simple power-law equation to describe this.
There is no rule against sniping on eBay.
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