Quote:
Originally Posted by SilberUrS6
No, a shill bid is not like seeing the buyer's hand. I don't go all-in when I get my first cards, ever. I wait and see what the rest of the table is doing along with judging the strength of my hand. I'll throw down a low raise to build the pot, maybe more than one. It's part of the strategy.
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Quote:
Originally Posted by zakthor
Please can you help me understand: from a buyer's perspective what the difference is between a shill bid and a hidden reserve?
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You read more into what I said than intended
Leaving the fact that shill bidding is illegal aside, I was just making the point that a hidden reserve is entered prior to the auction starting whereas a shill bid is entered after seeing the buyer's offers which is where I attempted to use my card analogy.
The only side which benefits from shill bidding is the seller. It protects the seller from misjudging demand and setting a reserve too low.
Quote:
Originally Posted by techweenie
If you can't detect a shill bid, you shouldn't be playing in the auction market - eBay or anywhere else. Ebay makes it easy to detect shill bids.
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Noted.