Closed auctions can either be a pain in the rear end or a blessing in disguise, which maybe is a surprise to you – it all depends on your knowledge of Swoopo and following a solid closed auction strategy. As I explained above, Swoopo will sometimes close an auction to new bidders at a certain point in the auction. If you haven’t yet cast a bid in a closed auction, you aren’t allowed to start bidding.
You can take advantage of Swoopo’s closed auctions and use them to your advantage with the use of a technique that we call the “Placeholder Bid.” Here’s how that technique works.
Use the 5 Minute Rule first and make a good observation to find auctions that you are interested in bidding on. You can also examine previous close prices and best times and days.
When you have an auction you are interesting in bidding on, submit one single bid. It’ll cost you 60 cents yes, but that might come in very handy in the future. Now the next thing is just sit back and wait for the auction competition to diminish. If Swoopo eventually closes that auction, you now have an advantage for the following three reasons:
First is you are still able to participate in the auction and there will be no new bidders. Then the competition will be less because they’ll slowly dwindle for that auction. Lastly, you have only invested 60 cents in that auction so far meaning you still have plenty of bids to use to win the auction.
Now, here’s a note about BidButlers in closed auctions: If you’ve booked a BidButler and the auction closes before your minimum price is reached, your bids will be credited back to your account if you haven’t placed any other bids in the auction. Since none of your bids have been placed, you won’t be able to continue after it closes.
I hope this strategy helps and you will be able to make use of this simple trick in bidding in Swoopo. Good luck and happy bidding on your auctions.
Bidding in Swoopo takes a lot of patience and specific strategies. Learn from the best bidders by logging in Swoopers, the Swoopo strategy community.