Say I decide to "snipe" something. I enter in my maximum bid and choose the 5 second cut off. Does that mean that my sniper software will automatically outbid the other person 5 seconds before the auction ends up to the amount of my maximum bid? Or will it automatically start bidding and then keep bidding (if I am out bid) until 5 seconds before the auction ends? Can someone explain exactly how this works? If an item I'm bidding on is currently 10 dollars but I put my bid in at 40 dollars, is the sniping software going to bid 40 dollars 10 seconds before the auction ends, or is it going to continue to bid UP TO 40 dollars before the auction ends?