The example:
A player was added to the TL with a starting value of 1K.
There are three auto-bidders A, B, C with the following limits [10K, 20K, 20K], this order is the order they set their auto-bid request.
For easy explanation we will assume that the difference between each bidding should be at least 1K.
1) Auction start with the auto-system calculating the starting point for the live-bidding.
The calculation will be -A set 1K, B set 2K, C set 3K, A set 4K, B set 5K, etc.
It will stop at 19K which will be of user-B.
This will be done automatically ("offline"), and will not cost time from when the auction starts.
2) At this point the online bidders could set their bidding (at the first one minute and an half after each bid).
3) In case there was no online-bid at this time (one and an half minutes from last bid), User-C will set the final auto-bid.
Now there will be the full 3 minutes for the online bidders to bid (basically, at this point the auction acts like the regular auction-system).
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Now let change it a little bit.
In this scenario User B set an higher auto-bid value of 30K.
The online-auction will start the same (from point-2 aboce).
2) Let assume that the online bidders got up to 25K before waiting more than the "one and an half minutes" defined above.
3) So now the auto-bid continue and set the 26K value (as the current bid is below the 30K limit).
And we back to the second step - the online-users can raise this bid at the following three minutes.
And so on.
Last edited by Pini פיני at 12/6/2011 1:35:19 PM