Are the counter offers an indication of anything?

[vecromatica]

When it declines my offer, at the top, it gives me a number. For example I put in 190 and it says if you're willing to up your bid you can get the tickets for 368. Then I put in a new bid and the offer was 358. I'm just wondering if my bid and that number are directly related or if they're an indicator of your bid validity. Thanks for any help.

[blindman]

Welcome to Betterbidding.

A counter offer is a good indicator that there is Priceline Inventory and you're (usually)quite near to the minimum winning bid.

What it is NOT a good indicator of is the actual bid at which you'll be successful.

A very rough guide as to the minimum winning bid needed (when bidding for Hotels) is usually half the difference between your last bid and the returned counter offer.

In your example this would be around $280 ($368-190 = approx $180. Half of this is $90, add this to the original bid of $190 = $280)

(As you mentioned 'Tickets' though I assume you're bidding for Airline tickets.

This is NOT a hard and fast rule and this is where prior research into the likely minimum bid comes into it's own-and that's where we can help :)

Please start a new post with your history of failed bids in the correct thread and we may be able to help.

Thanks

[rc408]

Sometimes they give ridiculous counter offers. I bid for a Resort in Las Vegas. My bid of $100 was countered with an offer of $200. I know that the JW Marriott usually comes up for $140 so that was an extremely high counter offer.