Posted by schwarze on 1/18/2013 2:53:00 PM (view original):
The $300 cumulative bid comment does not consider the fact that most bids will be different bid amounts anyway. The two people that would have been affected the most had this rule been in place would have been just4me and myself. just4me used fourteen $1 bids. I used fifteen $1 or $2 bids. It would have cost us about 14% (about $140) of our additional bankroll if the "can't use a bid once" rule been applied.
But, I agree that something simpler to administer (but accomplishing the same thing) is probably a better idea. Maybe limit each person to three bids of each dollar amount (so that means just4me's fourteen $1 bids goes from $14 total to $40.)
I like the idea of limiting the bids, it adds to the strategy. Like i said in my previous comment, I almost suggested the same, but felt it was all the same in the end. Meaning, whether I am obligated to bid a minimum of $25 or a minimum of $300, we're all in the same boat, so it just affects the proportionality of the bids, but not the strategy behind them.
By limiting the bids either by X number of each type of bid or no duplicate value bids we're increasing the bidding strategy.
That said, if you figure our categories will be better his time around there will be less wasted bids in the first place, so bids of 1 and 2 will be less likely anyhow. Not to mention, as schwarze says, it's not factoring in hat we'll be bidding different amounts on a number of categories anyhow.