Yes, the item will go to the person who has the largest bid in at the end of the auction. If I were able to reliably say that I will be willing to pay $52 and will not be willing to pay $52.01, then it wouldn't be an issue. In my case, the cutoff is rarely sharp. I find it frustrating to set a bid for $52.01 and having someone get it for $52.52 because I wasn't able to revise my bid before the end of the auction (due to time constraints).

(Change $52.01 to X and $52.52 to X + 0.51 as desired.)

[link|http://www.jbidwatcher.com/|JBidWatcher] is free (though I did send him some money). It works well and gives me a good feeling. I like being able to set up a bid-time and letting it go. I like knowing that I won't easily get sniped, and I won't drive up the price early, but I recognize that perhaps I'll be outbid.

Perhaps faith in it is similar to faith in pink teapots hiding behind Jupiter, but it seems to work well for me.

Cheers,
Scott.