You can search countless posts in the Cafe about this topic and see a ton of arguments regarding the best waiver method to use, or you can just click once at:
http://www.fantasysharks.com/artman2/publish/Blind_Bidding_Myths_Debunked.htm
I hadn't seen Joe Bungo's 2009 article until recently, but he does a nice job of summing up why you should use a blind bidding system as your method to allocate free agents and availalbe players in your league.

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