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1.
Bidding on an eBay item minutes or even seconds before the bidding ends, usually only a small amount above the current bid. This bidding method is recommended when there is quite a number of bids already placed on the item.
Joe: Hey Fred! Did you manage to get that bike off eBay?

Fred: Nar man... I was bid sniped. But that figures, there was like 20 people bidding on it
by StalkingYaMum May 09, 2010