You place your MAX BID that you're willing to pay, and by the time the auction ends and the "Current Bid" is lower than your MAX BID and you're the Winner, you will get the Item + REFUNDED the balance.

Therefore, you just place the maximum you're willing to pay, AND GO TO SLEEP !! You don't need to camp at the AH for the last few minutes to snipe a winning auction. If you lost the auction, why bother since you not willing to pay more than you initially bidded. Get the point yet ?

As for your brother's case, the "Current Bid" matches his "Max Bid" therefore there is no refund and he win by the "Current Bid" amount.

I bid for a bow that I'm willing to pay maximum 1m yesterday, but the "Current Bid" stopped at 525k right after I place the 1mil amount. After the auction timer ends, nobody bids higher 1m, therefore the Current Bid did not move and I am the winner, with the item and refunded 475k.

This post has been edited by tanghm: Jul 12 2012, 10:37 AM

Let say the timer <1m and the Current Bid is 500k (But I placed my MAX BID as 10mil). How are you going to undercut my 10m ?? Unless you're willing to outbid my 10m which is not revealed to you !!

Given my example above, I don't see it possible for you (yuhhaur) to snipe my 10m MAX BID when the Current Bid stays at 500k with <1m timer left.

You go and click Bid and entered 550k, which you will end up as NOT WINNING, then you try again this time put 605k 10% more, NOT WINNING again. You get frustrated as it is seconds left, you then maybe whack 2m ? But you still don't win my 10m bid which is hidden !!

This post has been edited by tanghm: Jul 12 2012, 10:47 AM

Correct, but he is willing to pay that amount remember ?

And what is the status? Are you still Winning ? If you're still Winning, you do not need to worry but people can easily outbid you by +5%.
But the main objective is that you must put the best amount that you can afford, i.e. 2m and not 1.5m.

I do Inferno Act1 full act run everyday with 1~2 deaths will surely net me around 300k per run.
So approx 300~500k per day, about 3~4hours.

Or, I could use a full GF gear with 5NV about 320% GF and do a Azmodan tower nightmare run about 90k per run about 20mins per run about 300k per hour.