If you have ever tried to win a domain at auction, you probably assumed the game works like eBay: watch the clock, wait for the last eight seconds, fire your bid, walk away with the name. On Namecheap, that does not work. Not "works badly".
Source: [Dev.to](https://dev.to/markfulton/namecheap-closes-every-auction-at-1100-am-et-last-second-bidding-is-a-myth-3kbl)