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Smart Bid Manager is a must tool for Overture (former goto.com) advertisers. It checks your bidding report automatically and warns you if your search term position has changed (for example because your competitor has overridden your bid). Smart Bid Manager will also warn you if your bid is not optimal (i.e., you're paying more than necessary).
Note : Since Overture has now implemented automatic bid management tool, third-party tools such as Smart Bid Manager are now obsolete. So Smart Bid Manager project is closed and discontinued. However, you can still download it.