Autobidding works in the same way as a normal bid would do. If you place a maximum bid the system will automatically bid for you when needed, always raising the bid by the lowest possible amount (2% or a minimum of 1 000 €).
You can change (either increase or decrease) your maximum bid at any time, but you can't remove your current bid. Your maximum bid is only visible to you personally, other managers can only see your current bid.
You can have one active maximum bid at a time. If your maximum bid has been reached, it does not count as an autobid anymore and you can set another maximum bid as needed.
For some special cases (such as when two teams make the same autobid or when two autobidders are battling against each other) we have built in some smart logic.
Two autobidders bid against each other
When two autobidders bid against each other, the team making the second autobid will first raise the current bid with the minimum amount. Then the system will compare the two bids and immediately make the deciding bid.
Example: Team A makes a max bid of 50 000 €, and by doing so gets the highest bid which is 20 000€. Then Team B makes a max bid of 40 000€. Then the bid history will look like this:
Team A - 20 000€ Team B - 21 000€ Team A - 41 000€
As you see, the system checks the two bids and skips the bidding part up to where Team A raises Team B's max bid (40 000) by the minimum amount.
Two teams make the same bid
When two teams make the same bid, the basic rule is that the first bidder gets to make that bid. If we use the example above with the change that Team B also makes a bid of 50 000€ it will look like this:
Team A - 20 000€ Team B - 21 000€ Team A - 50 000€
The system checks the two bids and skips the bidding part up to the max. And as the max bid is the same for both teams, the first bidder gets to make that bid.
A normal bid is made for the same amount as an active max bid
If someone places a normal bid for the same amount as an already active max bid, the first bidder (the autobidder) will get to make that bid. The system instantly informs the other user (Team B) that his bid was not accepted, and Team A raises his own bid. It will look like this in the bid history:
Team A – 20 000€ Team A – 50 000€
Someone makes a normal bid which is lower than an active max bid, but the active max bid is not high enough to raise the bid by 2%
Here again the basic rule of the first bidder getting to make that bid kicks in. Using the example from above, but say team B makes a bid of 49 500€ instead (a bid that Team A can't raise as his max is 50 000). But as Team A was the first bidder he will "take over" Team B's bid (and Team B will instantly be informed about his bid not being high enough). The bid history will look like this:
Team A – 20 000€ Team A – 49 500€
If Team B's bid of 49 500€ was an autobid instead of a normal one, it would look like this:
Team A - 20 000€ Team B - 21 000€ Team A - 49 500€
And just for the sake of clarity, if Team A first bids 50 000€ and then Team B bids 50 500€, Team A will "win" as he is the first bidder (and Team B can't raise his bid by 2%). Just like it works for normal bids.