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Tiers are important in an auction, as the last couple of players in a tier tend to cost more as people realize they don't have one yet.
The first 4-5 players tend to go cheaper as people play conservative with their bidding money... you can use this to grab a stud or two. After that, it's best to lay low and throw out names of players that will be bid up, that you don't want. Spend your opponents money to make it harder for them to fight you for a player.
Try to have a few extra dollars of bid money for late in the draft. You'll see most players going for the minimum bid, and you can snag a couple that you'd prefer this way.
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