GoDaddy Backorders - Any good?

Joe Styler said:

That is true. I think your misunderstanding is based on the domain name lifecycle and what transpires after a domain name expires. It is a long process with some caveats and not something I have time to write up at the moment. I would be surprised if there are not other threads detailing this.
This is an 83 minute interview with an expert on what happens when a domain expires and it explains backordering in more depth. https://www.domainsherpa.com/chris-ambler-domain-name-expiration/
This is 5 years old but more or less accurate and will explain what you are asking. It's 53 minutes.

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Thanks for the video @Joe Styler. I see that it syncs with your statement that all expired domains does go for auction irrespective of a single or any backorder. The only benefit of a backorder, I see, is that one can monitor progress and, be the opening bid for that domain. While this is a big drawback, on the other hand I see the big benefit that GoDaddy has control over the its expired domains and gives the opportunity to bid/ buy it after just 26 days of expiry and, much before it is 'Dropped'.
But, nevertheless, the information that all domains go for auction after expiry should be clearly stated in FAQ. The FAQ snapshot I posted ( attached again) conveys a different message.

Then we will have to agree to disagree. A dropping name is different than an expired domain and the backorder acts differently depending on the lifecycle of the domain you are attempting to capture. A Backorder is also useful in other ways during the auction such as discounting the final price which is explained in the video I believe.

Joe Styler said:

Then we will have to agree to disagree. A dropping name is different than an expired domain and the backorder acts differently depending on the lifecycle of the domain you are attempting to capture. A Backorder is also useful in other ways during the auction such as discounting the final price which is explained in the video I believe.

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I am surprised you disagree when the data ( FAQ screenshot) clearly shows we are referring to 'expired' domain and not 'dropped' domain. Your FAQ states 'After the current registration expires, we attempt to capture the domain name before the registry releases to the public. if we are successful and you are the only backorder holder, you become the domain name registrant. If there are multiple backorder holders, you can participate in an auction to win the domain name"
As per the statement, you are referring to 'expired' domain as you are attempting to capture the name prior to release to the public. It it was 'dropped' it would be public. Effectively, you are stating that a single backorder made against a expired domain which was captured by you will go to that only backorder holder.
If I am incorrect, then the wording of your FAQ statement is incorrect and would need to be altered.

That statement is correct as it reads. You are misunderstanding the lifecycle of a domain and the terminology therein. I think you are also misunderstanding the way the drop works. Unless you are trying to purposefully twist words around to your advantage. I am not sure which at this point. Either way, when a domain expires it goes through several stages of expiry and there are at least a couple ways to try and get the domain before it goes to the public i.e. is available again for general registration.
I've provided you with a couple links for a deeper understanding of what happens when domain names expire and how the backorders work with us.
If you want to be the only person to get a domain via a backorder with no competition you missed the boat by about 15 years or so. This simply does not happen when domains expire. Our FAQ statement does not contradict this.

Joe Styler said:

Backordering a domain before the auction will not give you the domain without anyone else getting a chance to buy it. I am not aware of anywhere you can do that.

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On the contrary, godaddy is the only dropcartcher I know that opens the auction when there is just one backorder. Everywhere else, if you're the only one who placed a backorder, you get the domain for the nominal fee. I was going to place a backorder for a domain registered at godaddy but luckily I did some research first and thanks to this thread I barely dodged the bullet...