btpcm
  • btpcm
  • Enthusiast Topic Starter
8 years ago
I have some questions about how the bidding process works.
Questions in several categories, but here's an example:
.
Especially what makes a "Winning Bid" become "Outbid."
Does the mathematical process this site uses get explained or defined anywhere for us to read?
When a lot has only one bid for 2 days and then several new bids in the last day, what happens to the first bid?
If the first bid was say, $14.50 higher than the minimum from the start, does that give it more staying power?
Sometimes I see a low early bid gets outbid, and other times I see a low early bid remains.
And sometimes a low early bid remains even after 8 new bids which are all two or three $ higher than the first was.
.
The manner in which these prices automatically change seems to be rather cryptic.
Can I read anywhere about the algorithms or protocol embedded in the software so I can better get a grip on this?

MACS
8 years ago
This is a job for...

THUNDER GERBIL!!!
victor809
8 years ago
I agree with MACS... you should PM any FAQs you have to Thunder.Gerbil.... he handles all the IT and bidding assistance on this site...
JadeRose
8 years ago
Yep.....TG is your man
Whistlebritches
8 years ago
I don't know........if you need Thundergerbil to explain the bidding process here you're only going to leave confused.I may have been here 12 years or so but the bidding process is pretty simple and straightforward.Actually back in the day when someone bid with less than 5 minutes and it added 5 minutes on at the time of the last bid........well it made sniping way more difficult.
btpcm
  • btpcm
  • Enthusiast Topic Starter
8 years ago
Okay, so Thunder Gerbil,
Can you tell me why one new bid that's $2 higher than several existing "winning" bids, is immediately followed by the new "Bid to win" jumping up to $1 more than the one new bid was -- UNLESS the one new bid is more than $40, then the new "Bid to win" jumps up to $2 more than the one new bid was --- UNLESS the one new bid is more than $45 in which case the new "Bid to win" becomes $3 more than the one new bid?

In the first case, with 3 existing bids of $36, the "Bid to win" of $37 turns into a new "Bid to win" of $38 when one new bid of $37 turns up -- AND, with 3 existing bids of $39, the "Bid to win" of $40 turns into a new "Bid to win" of $42 as soon as one new $40 bid turns up -- AND, with 3 existing bids of $44, the "Bid to win" of $46 suddenly becomes a new "Bid to win" of $49 when one new bid of $46 turns up. The same rules apply from $1 to $39 then a new set of rules apply for $40 to $49.

Now it looks like I should PM to Thunder.Gerbil --- with a "dot" before the G?
illinichaser
8 years ago
Ok, so maybe its just me, but when I come to a new forum, I look around the place a little before starting a new thread. One, I want to make sure that my thread isn't going to just be the subject of ridicule. . . Two, I want to make sure I start off on the right foot with the group.

Also I want to make sure that if I do have a question, I am able to make some progress in actually resolving my question.


This forum, probably won't get your questions answered. TG may stop by and reply nicely, but its still a tricky proposition.

Seems to me you want HELP, if I want HELP somewhere new, I tend to look for something that says HELP(and its generally located either at the top of the page(like top right here) or at the bottom of the page.)

And then if I have a really specific question that I'm hoping to get answered I look for an appropriate resource to ask my question. Generally found under a link saying something about CONTACT US.

But of course, that's because I like to get my questions answered by knowledgeable people in a fast efficient manner, that generally does not come from asking a broad audience an say a forum setting. . . Search functions are also helpful, but that is the subject of a different diatribe.

Good luck to you in your pursuit. . .
teedubbya
8 years ago
You have to PM thundergerbil. He's a busy guy. He wont see it in here but if you PM him he responds quickly.
RMAN4443
8 years ago

Ok, so maybe its just me, but when I come to a new forum, I look around the place a little before starting a new thread. One, I want to make sure that my thread isn't going to just be the subject of ridicule. . . Two, I want to make sure I start off on the right foot with the group.

Also I want to make sure that if I do have a question, I am able to make some progress in actually resolving my question.


This forum, probably won't get your questions answered. TG may stop by and reply nicely, but its still a tricky proposition.

Seems to me you want HELP, if I want HELP somewhere new, I tend to look for something that says HELP(and its generally located either at the top of the page(like top right here) or at the bottom of the page.)

And then if I have a really specific question that I'm hoping to get answered I look for an appropriate resource to ask my question. Generally found under a link saying something about CONTACT US.

But of course, that's because I like to get my questions answered by knowledgeable people in a fast efficient manner, that generally does not come from asking a broad audience an say a forum setting. . . Search functions are also helpful, but that is the subject of a different diatribe.

Good luck to you in your pursuit. . .

illinichaser wrote:


Yeah, that's one way to do it, but it's not as entertaining as btpcm's method...8-[
JadeRose
8 years ago

Okay, so Thunder Gerbil,
Can you tell me why one new bid that's $2 higher than several existing "winning" bids, is immediately followed by the new "Bid to win" jumping up to $1 more than the one new bid was -- UNLESS the one new bid is more than $40, then the new "Bid to win" jumps up to $2 more than the one new bid was --- UNLESS the one new bid is more than $45 in which case the new "Bid to win" becomes $3 more than the one new bid?

In the first case, with 3 existing bids of $36, the "Bid to win" of $37 turns into a new "Bid to win" of $38 when one new bid of $37 turns up -- AND, with 3 existing bids of $39, the "Bid to win" of $40 turns into a new "Bid to win" of $42 as soon as one new $40 bid turns up -- AND, with 3 existing bids of $44, the "Bid to win" of $46 suddenly becomes a new "Bid to win" of $49 when one new bid of $46 turns up. The same rules apply from $1 to $39 then a new set of rules apply for $40 to $49.

Now it looks like I should PM to Thunder.Gerbil --- with a "dot" before the G?

btpcm wrote:





Yes...it has a dot before the G
ZRX1200
8 years ago
David Kwelberg
[email protected]

214-914-3337

6512 Meade St. Dallas Tx. 75232

He's the owner of cbid, and very willing to help 24 hours a day.
btpcm
  • btpcm
  • Enthusiast Topic Starter
8 years ago
Thank you everyone for your advice.
Thanks to MACS, victor809, Jade Rose, Whistlebritches, illinichaser, teedubya, RMAN4443, and ZRX1200.
You guys rock!!
Very inspiring usernames!
But seriously, your appropriate and insightful replies are quite informative. This beats "Help" IMHO 'cause it's the inside skinny.
.
I won two forays into bidkingdom on my first go-round (and lost 4 - oh well) and in the process was puzzled at the variety of user behavior.
Here's one for the books.
New offering, a sampler with 4 ea., 4 variations on one brand, OPENS UP for bids on Saturday, $54.99 QuickBuy price, $1 minimum bid, and no buyers show up until Monday. Perhaps a few really low bids got outbid Sat. & Sun.
Bids start real low, like $1 or $2, some get outbid and others gradually work their way up to $42 by Wednesday.
$42.50 and $43.50 are presently the highest bids, with the "Bid to Win" price set now at $45. 4 Winners * 18 Bids Total. Ends 3 hours from now, this evening. Units available = 7 -- Maximum bid quantity = 2
Meanwhile, the same sampler is OPENED UP on Sunday but with a Free Fall price game; no buyers show up until Tuesday when suddenly 6 buy one unit each, then no action for 2 more days! All 6 bought 1 unit 2 days ago (Tuesday). The price falls to under $44.55 before resetting to $66.35. So you should be able to hit the 45 mark, a more sure shot than the $45 "Bid to Win" price (B2W) in the first auction, above, because you could get outbid up there. Ends Saturday evening. Units available = ? -- Max. purchase quant. = 2
A THIRD identical sampler OPENS on Monday and immediately over 70 buyers bid the opening price of $47.50 (perhaps they started lower, etc., but since yesterday they've been at $47.50), and three bid higher, $52, $53 and $56 respectively. Those 3 higher bids did not raise the minimum B2W required to their level. I have no idea why. Isn't that what it means to be "outbid?"
Go check it out -- sampler/2916700/ -- Next day or two or three, 40 more buyers go for the $47.50 bid -- SO the "Bid to Win" price was unaffected by the three bids in the 50s. Ends Saturday evening. Units available = 150 -- Max. bid quant. = 150 (?!)
As it stands there are "116 Winners * 116 Bids Total" in this one auction -- mostly 1 unit, some 2 units and ending with one bid of 5 units at $50 each an hour ago, placed while the B2W was $47.50! All told, this one auction has 111 bidders held to the $47.50 price, which could increase, but I'm not sure why it hasn't -- too many customers weighing the price down, or what?

Why would so MANY bidders flock to one auction when the same product is available in two other auctions for less?
I hope this isn't breaking the rules!
btpcm
  • btpcm
  • Enthusiast Topic Starter
8 years ago
The only obvious difference in the postings of those 3 auctions I described above, is that in the third one, started on Monday which is getting all the action (116 bidders) has the following DESCRIPTION:

Welcome to Club Nub. Let's Party! . . . .

This crew rolls deep… 16 Nub cigars all together and ready to rock at up to 58% off. This sampler features four different blends like the 92-rated Nub Cameroon, Nub Dub (featuring two amazing maduro wrappers), and more. What makes Nub so special? Well, by creating these short yet stout premiums, the folks over at Oliva managed to capture the ‘sweet spot’ of a cigar from the instant you light it up till it starts burning your fingers [not recommended]. Densely packed with long-fillers inside hefty ring gauges, each cigar burns slow and maintains a comparable burn time as conventional sizes.


Was there some kind of advertising campaign "Club Nub" in some periodical or website that brought in all these bidders?
Whistlebritches
8 years ago

Thank you everyone for your advice.
Thanks to MACS, victor809, Jade Rose, Whistlebritches, illinichaser, teedubya, RMAN4443, and ZRX1200.
You guys rock!!
Very inspiring usernames!
But seriously, your appropriate and insightful replies are quite informative. This beats "Help" IMHO 'cause it's the inside skinny.
.
I won two forays into bidkingdom on my first go-round (and lost 4 - oh well) and in the process was puzzled at the variety of user behavior.
Here's one for the books.
New offering, a sampler with 4 ea., 4 variations on one brand, OPENS UP for bids on Saturday, $54.99 QuickBuy price, $1 minimum bid, and no buyers show up until Monday. Perhaps a few really low bids got outbid Sat. & Sun.
Bids start real low, like $1 or $2, some get outbid and others gradually work their way up to $42 by Wednesday.
$42.50 and $43.50 are presently the highest bids, with the "Bid to Win" price set now at $45. 4 Winners * 18 Bids Total. Ends 3 hours from now, this evening. Units available = 7 -- Maximum bid quantity = 7
Meanwhile, the same sampler is OPENED UP on Sunday but with a Free Fall price game; no buyers show up until Tuesday when suddenly 6 buy one unit each, then no action for 2 more days! All 6 bought 1 unit 2 days ago (Tuesday). The price falls to under $44.55 before resetting to $66.35. So you should be able to hit the 45 mark, a more sure shot than the $45 "Bid to Win" price (B2W) in the first auction, above, because you could get outbid up there. Ends Saturday evening. Units available = ? -- Max. purchase quant. = 2
A THIRD identical sampler OPENS on Monday and immediately over 70 buyers bid the opening price of $47.50 (perhaps they started lower, etc., but since yesterday they've been at $47.50), and three bid higher, $52, $53 and $56 respectively. Those 3 higher bids did not raise the minimum B2W required to their level. I have no idea why. Isn't that what it means to be "outbid?"
Go check it out -- sampler/2916700/ -- Next day or two or three, 40 more buyers go for the $47.50 bid -- SO the "Bid to Win" price was unaffected by the three bids in the 50s. Ends Saturday evening. Units available = 150 -- Max. bid quant. = 150 (?!)
As it stands there are "116 Winners * 116 Bids Total" in this one auction -- mostly 1 unit, some 2 units and ending with one bid of 5 units at $50 each an hour ago, placed while the B2W was $47.50! All told, this one auction has 111 bidders held to the $47.50 price, which could increase, but I'm not sure why it hasn't -- too many customers weighing the price down, or what?

Why would so MANY bidders flock to one auction when the same product is available in two other auctions for less?
I hope this isn't breaking the rules!

btpcm wrote:



You are entertaining to say the least.
8trackdisco
8 years ago
It's the algorithm Thunder Gerbil set up. Think it was called Zero Sum Beta Analytics.

The cigar actions are transposed on a VHM (Variance Heat Map). It can fell how long you were looking but not bidding on a lot.

I think Victor809 is working on an upgraded module as a contractor. If TG can get him the darned specs in time.
frankj1
8 years ago
I can't read all that.
Call customer service and ask them where to find FAQ
btpcm
  • btpcm
  • Enthusiast Topic Starter
8 years ago

You are entertaining to say the least.

Whistlebritches wrote:


It's nice to be appreciated!

Did you go check out that Lot#2916700?
The B2W price has been STUCK at $47.50 for three days!
Status = OPEN
Winners = 117
Bids Total = 117

Last Winner was GT of Ferndale MI, with a bid of $47.50 two hours ago!
That makes 112 at that price over 3 days!
While 3 bids came in at more than $3 higher ($52 and up).
(Now I noticed that 3 bids were higher than $47.50 and less than $50.50.
Finally the B2W (minimum bid) increased to $50.50 with that bid #117.
The B2W price was stuck at $47.50 for over 2 days, during the 4th of July holiday!

It appears to me there was a glitch in the software that allowed 112 bids at $47.50 to remain unmolested.
They should have been outbid with all those higher priced bids coming in.
Or at least some of them would have been outbid and the rest increased using the optional Max Bid field.

TLDR should be my username.


btpcm
  • btpcm
  • Enthusiast Topic Starter
8 years ago

I can't read all that.
Call customer service and ask them where to find FAQ

frankj1 wrote:



Cool. I love honesty! Thank you!
btpcm
  • btpcm
  • Enthusiast Topic Starter
8 years ago

It's the algorithm Thunder Gerbil set up. Think it was called Zero Sum Beta Analytics.

The cigar actions are transposed on a VHM (Variance Heat Map). It can fell [tell?] how long you were looking but not bidding on a lot.

I think Victor809 is working on an upgraded module as a contractor. If TG can get him the darned specs in time.

8trackdisco wrote:


Dear 8trackdisco,
Presuming you're not pulling my leg (ahem!) your answer is thought-provoking to me.
VHM is most curious for this.
An algorithm that keeps track of how long I was "looking at" one or more cigar lots raises a number of questions!!
For starters, it would appear that looky-loos could affect the rate of B2W increase.
Some cigar club could agree to all log on and keep the lot# open even while they're having dinner and stuff.
They could agree to take shifts keeping the lot# open on different computers, so the B2W doesn't go up for 3 days!
Maybe I should start a new thread! HAHHAHAHA
But seriously, your reply is going to keep me up tonight, for I fear repercussions.
This site has so much to look at all ready, but now you're throwing me a curve ball! (or was that a change-up?)

If I can resist the urge to StartPage Zero Sum Beta Analytics it will be a MIRACLE.
I really don't want to bother the great Gerbil until I know what I'm talking about around here. DUUUUH.
btpcm
  • btpcm
  • Enthusiast Topic Starter
8 years ago

Ok, so maybe its just me, but when I come to a new forum, I look around the place a little before starting a new thread. One, I want to make sure that my thread isn't going to just be the subject of ridicule. . . Two, I want to make sure I start off on the right foot with the group.

Also I want to make sure that if I do have a question, I am able to make some progress in actually resolving my question.


This forum, probably won't get your questions answered. TG may stop by and reply nicely, but its still a tricky proposition.

Seems to me you want HELP, if I want HELP somewhere new, I tend to look for something that says HELP(and its generally located either at the top of the page(like top right here) or at the bottom of the page.)

And then if I have a really specific question that I'm hoping to get answered I look for an appropriate resource to ask my question. Generally found under a link saying something about CONTACT US.

But of course, that's because I like to get my questions answered by knowledgeable people in a fast efficient manner, that generally does not come from asking a broad audience an say a forum setting. . . Search functions are also helpful, but that is the subject of a different diatribe.

Good luck to you in your pursuit. . .

illinichaser wrote:


I have a confession to make, illinichaser.
You have forced me to re-read your post 3 times now, and there's just one thing I can't answer.
What are "illini" and why do you chase them? 😎
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