Impressive analysis, and thanks for taking the time... I just haven't used a bidbot in many months... but I have watched them rise and fall. Seems to me that ultimately the only ones who gain in the long run are the bot operators... everyone else comes our about even to down slightly.
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Thank you @denmarkguy. The result of each bidding round is unpredictable. One idea that came to mind with this comment is perhaps this bots should have something put in place that in case that if the bids that have come to a certain round has been reached, they will no longer accept additional bids.