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>Except you CANT guarantee yourself a win, and you certainly can't guarantee yourself a win at any price.

Of course you can. Every time you bid you extend the auction, therefore if you're willing to pay the most you will win. (Now, that amount may be worth more than buying the item in a store somewhere, but that's beside the point really)



Suppose both sides 'decide to win'. Now it is a game of chance based on who happens to have the highest bankroll is it not?


Yes, the same way two people bidding at auction on a famous painting is.




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