The rule is pretty pretty simple. When you see someone bid a very reasonable number, make sure you take their thunder away immediately with a bid of $1 greater. So, if they bid $200, you bid $201, and laugh at their stupidity as you win that microwave.
The rule also applies if you are the first to bid, and you bid $1. Such a bid is a smack in the face to the great Barker, and will allow your D-bag status to shine.
You know the most insulting part of the $1 bet; you are betting the other players have no idea how much a box of Cheerios costs.
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