I'm curious what "Success history on past offers" actually means. On the surface, it might sound like I have a better chance if I bid successfully often in the past, but it does not jive with revenue generation from a business perspective.

To have a lot of successes in the past, one must be bidding higher that others. If you happen to bid the same amount this time as a few other people, I'm NOT going to accept your offer since otherwise, you might lower your bids further in the future thinking you'll get it with a lower bid. I'll give it to another bidder who has no history, give you a lesson, forcing you to increase your bid next time. That means they could also use the outcome to manipulate frequent bidders to their advantage.

Not sure if it makes sense but something in my mind while reading through the FAQ.