imo...
How auctions work...
Rule 1: Highest bidder wins.
Rule 2: Two people with the same bid, earliest bidder wins...
Given these two statements, and the fact that ebay automatically bids up to your highest bid for you... can someone please explain the benefit of sniping? I only see problems...
1) That you run the risk of not winning by either bidding the same as another bidder (who bid earlier/before you), or not as much as another sniper (in which case sniping doesn't make any difference).
2) You are at the mercy of your sniping system placing a bid for you at all, and before another sniping system.
3) You hand over your credentials to a third party, so better have full faith in their security systems, or always ensure that you have to enter a password before payment (if using paypal)... in which case the only thing you risk is your ebay reputation if your details were ever to go astray and someone decides to bid on loads of things without your knowledge. Non paying complaints.
If someone bids more, they want it more, sniping won't help (see rule 1). If someone bids the same, ealiest bidder wins, sniping won't help (see rule 2).... so whats the point in it?
It the very rare situation that all other bidders on an item don't understand how auctions work... it will help. Other than that, it only benefits people that have no self-constraint in the first place by forcing you to not pay more than you want to... but this is something you can do yourself without sniping using ebay automatic bidding (and in fact it is more beneficial to bid earlier.. see Rule 2 above)?
Bid what you are willing to pay, if you bid the same as the highest bidder, and think, I'll just put another $/£ on that (which can only be done when not sniping)... you didn't put your highest bid in the first place, and run the risk of regretting paying more than you wanted too.
Nothing has changed in the psychology of auctions really, apart from the fact that a psychological game ebay played in the first place to get more money from bidders who don't understand how auctions work (by having an auction over a period of time, rather than at a given time) has been reversed. Simples 😀