Pricing control in a real-time network-based bidding environment
View Patent ↗A method for automated control of bid pricing for bidding on online placements in an automated real-time online auction system during the loading or rendering of network-based digital content. Historical bid result data regarding a particular placement is collected by a bidding system, which segments the bid result data into multiple categories and generates multiple pricing curves for the particular placement based on the segmented bid result data. The bidding system then uses the multiple pricing curves for making bidding decisions in real-time. The bidding system receives a series of bid requests, each identifying a placement in digital content being loaded or rendered. For each received bid request, the bidding system, in real-time, identifies segmenting characteristic(s) associated with the bid request, and performs a bidding analysis—including whether to submit a bid and determining a bid price—based on the identified segmenting characteristic(s) associated with the bid request.
1. A bidding system for automated closed-loop control of a campaign for bidding on online placements in an automated real-time online auction system during the loading or rendering of network-based digital content, the bidding system comprising:
at least one processor; and
computer-readable instructions stored in non-transitory computer readable medium and executable by the at least one processor to:
collect placement-specific bid result data for a plurality of bids submitted by the bidding system for a particular placement, the plurality of bids including a first subset of bids submitted for bid requests that include browser cookie information regarding a respective user device and a second subset of bid submitted for bid requests that do not include browser cookie information regarding a respective user device, the placement-specific bid result data for the plurality of bids indicating (a) whether each submitted bid for the particular placement was successful and (b) for each successful bid, an actual sale price for the particular placement as determined by a respective RTB exchange;
automatically segment the placement-specific bid result data into at least (a) cookie-available bid result data associated with the first subset of submitted bids and (b) cookie-unavailable associated with the second subset of submitted bids;
automatically generate at least (a) a cookie-available pricing curve for the particular placement based on the segmented cookie-available bid result data and (b) a cookie-unavailable pricing curve for the particular placement based on the segmented cookie-unavailable bid result data;
receive from an RTB exchange, via a communications network, a series of bid requests during the execution of a campaign, each received bid request identifying a respective placement in digital content being loaded or rendered by an internet-connected device; and
for a received bid request that identifies the particular placement, in real-time during the loading or rendering of the respective digital content:
identify whether the bid request includes browser cookie information;
determine whether to submit a bid; and
if the bid request includes browser cookie information, determining a bid price for the bid based at least on the cookie-available pricing curve for the particular placement;
if the bid request does not include browser cookie information, determining a bid price for the bid based at least on the cookie-unavailable pricing curve for the particular placement;
if it is determined to submit a bid, submit the bid, including the determined bid price, to a respective real-time online bidding exchange.
2. The bidding system of claim 1 , wherein the computer-readable instructions are further executable to:
identify multiple different pricing curves for one or more placements having similar curve characteristics;
combine the multiple different pricing curves into a combined pricing curve; and
implement the combined pricing curve for use during the campaign.