I can answer that :) It is a bot setting, or "hardcoded" as you say. At the moment, if a bot is running the latest version of postpromoter and someone bids over the ROI limit, then the bid will simply go to the next round.
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I appreciate the reply. That seems likea great solution to crazy bids.
You got a 54.05% upvote from @slimwhale courtesy of @prometheus21!