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That strategy will work brilliantly until you come across someone else with the same strategy that wants the same record.
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I use one as I don't want to get into a bidding war with anyone, I also have a theory that some people are attracted to records with bids on them, I also delude myself that nobody else w
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Best of the lot is Gixen - totally free and has never, ever let me down
Some guy put a whole batch of records up about a week ago starting at 0.99c, one of them got caught in a search I had set up. I put snipes on them all and checked today. A couple had gone above what I'd bid and I won a couple for not much but about 5 snipes failed.
I don't know if anyone else gets a feeling at the back of their neck that for no reason I can explain I am sure this seller's VG will turn out to be Ex. Can't tell you how annoyed I am. Auctionsniper cannot explain but have said I can have some free snipes (big deal!)
Here's a couple I had bid more for that failed:
This was to replace my battered copy:
https://www.ebay.com/itm/15A-VG-northern-soul-Soul-Blenders-Vanessa-103-/261565880267
This was to replace the ones I keep selling:
https://www.ebay.com/itm/261565880187
I just know they will be in decent nick, so frustrating.