I notice many poker players, both pro’s and amateurs, are starting with penny auctions. So I was thinking, are there similar bidding strategies in auctions and poker? Let us analyze a few common poker player strategies:

• Aggressive: When players go ‘all in’ frequently, in order to scare the other players, they run an aggressive poker style. It’s very similar in penny auctions. Players classified as aggressive, never stop bidding.
• Bluffing: It’s part of the game to bluff in poker, while it’s way harder to bluff in auctions.
• Position: Players taking positions early are common both in poker and auctions. In fact, it tend to be an even more successful strategy in penny auctions.