Auto-bidding is useful when you want to sign a player from the transfer market but you are unable to be present during the end of the bidding.
Simple, decide the amount that you would be willing to pay for the player, and the system will bid, ingot by ingot, until another manager outbids your auto-bid amount, at this point you would have to refresh the amount you'd be willing to pay.
But be careful with the price that you put, as once you set your autobid, you can't decrease the value of the autobid.
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