What is Automatic Bidding and how does it work?
Automatic Bidding (Auto-Bidding) is a new feature that allows you to bid on a player card automatically without having to outbid manually every time. Auto-Bidding is currently only available on the Sorare Auctions.
To Auto-Bid:
- Go to any card auction and set your maximum bid amount
- The bid placed will be the minimum increment against the current highest bids
- Bids will automatically be submitted on your behalf any time you are outbid up to your max bid
When a bid is automatically incrementing, the bid will increment by a small, flat amount (0.0002 ETH) when placed by an existing Auto-Bid.
Example: An auction is currently at 0.1 ETH and I want to place a maximum bid of 0.2 ETH. My first bid registers at 0.106 ETH (6% minimum increment). I am later outbid by a new bidder at 0.1123 ETH. Since the new bid is below my maximum bid, I automatically bid 0.1125 ETH (+0.0002 ETH auto-bid increment).
If you want to stop auto-bidding on an auction, go to the card page and click “Stop”. Your current bid will remain and you will no longer auto-bid when outbid.
Take a look at how bidding works on all sports auctions here.