autobid

System places wager

Autobid is a feature in online auctions that automatically places bids on your behalf up to a maximum amount you set.

The system incrementally outbids competitors until your limit is reached: I set an autobid of $200 and won the vintage camera for $175.

Also called proxy bidding.

advertising

programmatic

Executed via software logic

CPM · display · retargeting · DSP · inventory · placement · targeting

auctions

proxy

Authorized substitute

snipe · ceiling · maximum · paddle · lot · hammer · auctioneer · gavel · catalogue · estimate

automation

algorithm

Finite problem-solving procedure

scheduling · hands-free · preset · configuration · settings · parameters · optimization · predictive · adaptive

Opposites
bidding strategy

autobidcompetitive bidding

Rivals offering prices

fixed price · buy it now

Phrases
Family

autobiography, autobiographical

Familiarity
Top 1,000,000
Profile
Used worldwide · Rated G