Tips On Closed Swoopo Auctions

By Matthew Fox on July 19, 2010

If may come as a surprise but did you know that you can still bid on closed Swoopo auctions? Yep, that’s right. Know that it all depends on your knowledge of Swoopo and following a solid closed auction strategy. It is old news that 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 are not allowed to start bidding. This is now your cue to take advantage of that auction.

To take advantage of Swoopo’s closed auctions and use them to your advantage, use a technique that we call the “Placeholder Bid.” Here’s how it 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 decided a targeted auction you are interesting in bidding on, submit a single bid. It’ll cost you 60 cents yes, but that might come in very handy in the future, so you can continue bidding. Now the next step is just sit back, relax and wait for the auction competition to diminish. Eventually, if Swoopo 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 tip about BidButlers in closed auctions: If you’ve booked on 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 you will be able to utilize this simple trick in bidding in Swoopo. Good luck and until the next post.

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