[Dude Here]

I'll do both. Like others here have said, I'll research the price of the item on other sites then set my reserve at a fair price. If it wins, great. If not, that's fine too, saves me some money. From time to time though I'll check the list of closing lots and if there's a really good deal ending soon I'll do some sniping.

One tip I can give is to place bids or do your sniping on holidays. I recently won a box of Genesis the Project torpedoes for 30+ dollars less than online retail by bidding on Thanksgiving. I figured that most folks would be tied up with their families, dinner and football to pay much attention to cigar auctions.