I used to put in a bid and leave it. Then my youngest son explained I would always end up paying more because people would "nibble" at your bid. So now I put in the same bid, but the software submits it 5 seconds before the end. I still lose auctions, so it's not about winning.
Exactly. Almost. It IS about winning - but for the lowest price possible, and winning more often. It can be the difference between winning for my maximum bid amount (using a snipe, which helps keep the final price as low as possible) versus losing (because I put in a regular bid and someone nibbled it up until it just barely passed my max).