
How Do Online Auctions Work?
Like doing online shopping or playing online casino games on BetTarget, you can now attend online auctions. Though the concept of the traditional and online auctions is the same, there are some differences which you should be aware of before being part of such auctions.
You need to have some understanding of the common terminologies used during the auction such as ‘auctioneer’, ‘bid’, ‘hammer price’, etc. You should register for the auction before the auction starts. You need some basic information like name, address, phone number, and payment information. You will get lots of payment options there.
Different types of bids are available at the online auction. For example, a pre-bid is a set amount that you bid before the live auction. Others can bid for the item with their pre-bids a...