Bid 13 soft close policy

So after bidding on a few auctions through Bid 13 I find out that there is a soft bid policy…“All of our auctions have a soft close to ensure that no one is able to snipe an auction during its last final seconds. This is because we want every bidder to get a fair chance to bid. During the last ten minutes of an auction, any bid placed will result in the auction’s countdown timer having one minute added to it”.
So in my opinion all this does is drive up the price for the unit that you are bidding on. I’ve had this happen to me and it’s not 1 minute added to the clock but 3 minutes.
What is everyone’s thoughts on this please?