Anyone faced the problem of domain being picked by someone else?

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This is called a Domain Drop Catching service aka domain sniping, there are quite a few sites that offer this service.

It's a tough area because many service also register domains as soon as they're expired and available, and immediately put it up for auction.

Is there any way I can make it fast than them? I am planning an automated bot, but that has to be faster than those guys

I am validating this idea, please let me know if it's good for solving the problem.