Many new bidders arrive on the penny auction circuit mistakenly thinking that placing a handful of bids on several different auctions increases their chances of winning something. Anything. But really, all they’re doing is spreading themselves far too thin to have any real chance at winning.
Winning comes down to a “last man standing” scenario. By sprinkling a few bids here and there, chances are you won’t be the last bidder because you’re not even sticking around – you place a few, then move on to another auction. This kind of strategy (or lack thereof, really) rarely works out and more commonly leaves you empty-handed and frustrated.