Voucher Bid Vampires - Quibids

Lately, I have changed my strategy of bidding only on items I would already buy or can use as business gifts to accumulating as many bids as cheaply as possible. In my book I mention how to buy up bids on Beezid during low-traffic times when you aren't desperate for bids and can wait for the right price. I've gotten 50 and 150 bid packs on Beezid for as low as .08 a bid when nobody was paying attention.

With Quibids, it's a little different. If it's a slow time, there are far fewer auctions in which to participate, so there is more competition. It's best to wait for a higher activity level when you can bid on Voucher bid auctions while more interesting items are on the board (iPads, TVs, etc.) You should accumulate Voucher bids at first by winning them with paid bids. Then, once you have 25-50 Voucher bids, you should only use those to accumulate more Voucher bids.

Be advised that if you are bidding on a hybrid Voucher bid auction where a Game Play is involved, you are going to compete with a dozen people who are playing with mostly Voucher bids and are willing to blow most of them to win a game play where they can win 30-100 more.

Also, beware of the Voucher bid Vampires! When you are observing a Voucher bid auction, hover your mouse over the bidders as they appear on the bid board. If they have won 25 - 50 Voucher bids in a recent auction, you know they are willing to spend up to half of them (or more, if there's a Game Play involved) to win. You have to decide if you want to go against someone who can spend 15 bids to win 25. Not me. You have to accumulate a lot more Voucher bids to compete against them. Start small with new players or bidders who waste all their bids early. Some bidders don't realize they can't spend more real bids on an auction than the item is worth (unlike in Beezid, where insane people spend 2-3 times the value of the item just to win); so you will wind up having to BIN an auction unless you are using Voucher bids. I would not spend more than 1/3 my Voucher bids winning more Voucher bids, but I am cheap like that.

I watch Voucher bid auctions, wait for the price to go to an average level, bid using Voucher bids as late as possible, and never go up against people with 50 - 100 Voucher bids to spend. Your goal should be to accumulate as many bids as possible during opportune times (Saturday & Sunday afternoons between 2 - 5, weekdays between 2-4 pm EDT, and very late if you're a night owl between 3-5 am EDT).