#bidding-strategy

#bidding-strategy

In a first-price sealed-bid auction, bidders are incentivized to shade their bid—that is, to offer less than what they consider the object's true value to avoid overpaying.

Bids are based on a $100 FAAB budget, identifying targets for managers in leagues with Thursday FAAB and offering previews for Sunday columns.

I successfully offered $80 on a sea-view cabin with a minimum bid of $45.