I recently came across the Swoopo Manual that you see pictured to the right. While it is very good and has some great concepts what makes it really powerful is that it also comes with an on screen dashboard analytic tool. I just recently came across this and if you are serious about dominating Swoopo I think the Analytics tool is a must have. Get Swoopo Analytics Here.
Video Overview.
If you watch the video you see that the analytics gives you answers to questions like
Who is in the Auction? – Sharks or Newbies
What are the average selling prices of items?
What is the best time to bid?
Before you dig deep into the analytics it is good to understand the fundamental strategies of Swoopo, but once you got that down having the data will save you lots of money in terms of the number of bids you place and who else is in your auction. If anyone else has used this product I would be very interested in any feedback either positive or negative on what you think of this service.
If you are interested in purchasing Swoopo Analytics you can get it from the Get Swoopo Analytics Here.
There is a very interesting rule regarding the placement of Bid Butlers. The rule states that a Bid Butler will place a bet automatically when there is a certain amount of time left on the clock. The time ranges from 10-1 seconds left.
You can use the single bid technique to your advantage given this rule. Let’s take a look. In this scenario we will assume that you are bidding against two other opponents who are using a bid butlers. This technique actually works even better if more people are using Bid Butler’s, but we will use 2 other people to keep the example simple.
If you are against one other Bid Butler you need to commit to going the distance and winning no matter what. You also need to bid when there is exactly four seconds left on the clock. In this scenario you will use fewer bids than the person using the Bid Butler.
In the example of single bidder who bids at the 3.5 second mark vs. the bid butler who bids randomly between 10 and 1 seconds. I haven’t checked the randomization, but we will assume an even distribution between 10 and 1. Remember the same person can not bid 2x in a row.
BB = Bid Butler
SB = Single Bidder
Bidding Table
The number values indicate when the person will bid with the amount of time remaining.
BB1
BB2
Single Bidder
Person Bidding First
10
1
3.5
BB1
9
2
3.5
SB
8
3
3.5
BB1
7
4
3.5
BB2
6
5
3.5
BB1
5
6
3.5
BB2
4
7
3.5
BB1
3
8
3.5
BB2
2
9
3.5
SB
1
10
3.5
BB2
2
9
3.5
SB
3
8
3.5
BB2
4
7
3.5
BB1
5
6
3.5
BB2
6
5
3.5
BB1
7
4
3.5
BB2
8
3
3.5
BB1
9
2
3.5
SB
In this example there were 18 trials. If you were bidding against two other people you would expect to bid 1/3 of the time or be forced to bid 6 times. From the example above the person using single bidding only used 4 bids. They saved 1 bid for every 9 rounds of bidding.
Of course this is a lab example. In a real world example if you were against two other bid butlers they would more than likely have similar price ranges plugged in against each other. In that scenario you may bid first and then the next 9 bids Swoopo would force the Bid Butlers against each other and the single bidder would not be included in the bidding at all. So instead of using two bids per 9 trials you would have only used one or possibly none. This is the power of using Single Bidding.
It would seem like this is the way to go however remember that single bidding runs the risk of missing the chance to actually place a bid. If you are to slow or your computer freaks out you have just lost a big opportunity.
One of the advantages to using the Swoopo single bid is that you can avoid the BBPW (Bid Butler Price War) situation. A Bid Butler Price War is when two bidders have Bid Butlers with the exact same price range and number of bids in their Bid Butlers. Swoopo rakes in the cash on these situations. What happens is that all of the Bid Butlers get added together automatically and the time gets incremented. All the single bidders sit back and watch you burn through your bids when this happens.
The risk you take with a single bid is from the time you click on the bid button to the time it registers on the Swoopo server may be too small. You see that there are 3 seconds left and click bid. Your computer sends the message to the Swoopo data center and to your surprise it says auction ended you lost. Huh?
This is because as your message traveled from your computer across the Internet to the Swoopo server it didn’t have enough time to complete the transaction. The Internet is a volatile place in terms of connections and how messages get transmitted back and forth. You just can’t guarantee with certainty that your message will get there in enough time.
It will however get there most of the time and we can use that strategy to help us force people using Bid Butlers to Burn through Bids.
The first way you can lose is not setting your number of bids high enough. Let’s take the example of working against a single opponent bidding against you. In this example you both start bidding at $10.
You $10 (Bid 1)
Opponent $10.15
You $10.30 (Bid 2)
Opponent $10.45
You $10.60 (Bid 3)
Opponent $10.75
You $10.90 (Bid 4)
Opponent ($11.05)
You $11.20 (Bid 5)
Opponent $11.35 (Winner)
Son of a. If you set the Bid Butler bids too low then you run the risk of losing because you were not placing enough bids. Luckily you can add more bids to your Bid Butler, but you must start $1 higher than the current end price you want to bid on. In other words, you may need to start with a Bid Butler, add more to your Bid Butler and then use single bids to get it up to the point where your Bid Butler starts working again.
Did you catch that? It was really important. Using our example from above let’s say we ran out of bids with our Bid Butler and want to use this feature again. My bid butler would need to be set to $12.35, but the bid will never get there because we’re in Swoopo land not regular auction land. My opponent is already winning so he can’t bid again. You only have 15 seconds to reactivate the Bid Butler. You may set it to $12.35 to kick back in, but the whole time the clock is ticking. After you set it you need to click Single bid to move the price to $11.50. You have to keep using single bid against your opponent until the price gets above $12.35 and then you can rely on your bid butler.
But wait, if you read some of the other posts you remember that having too many bids qued up in your Bid Butler can cause a cascading effect where you and another Bid Butler burn through bids faster than Lebron James driving a lamborghini.
This is what makes Swoopo difficult and frustrates people not only do you have to understand the fundamentals of Swoopo you must understand that you cannot have one blanket strategy that works every time. You must read the room and know who else is involved. Future post will be related to reading the room and when to apply the correct strategy.
