What’s the difference between a real time bid and a snipe bid?

[Auction] Mon, Jan 13th 2020, 16:21:17
■ Real time bids
Real time bids are made instantly.
When you place your bid through our system, it is placed for the actual Yahoo's auction in real time.
Once you placed a bid, no cancellation is possible.

■ Snipe bids
Snipe bid will only be placed 10-15 minutes prior to the intended closing time of the auction.
You could cancel a snipe bid or raise/lower your bid price before the actual bid time.

There are some situations as follows that your snipe bid may not be placed.
1) Another bidder has placed a bid above your maximum bid.
2) The seller ends the auction earlier than scheduled closing time, thus our snipe bid is not placed.

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