Standard Bidding works like in any auction. Items are listed at a starting amount and increments must be made at no less than a specified value. Once you have placed your bid, your profile page Auction History table will be updated with the item you have bid on, how much you bid, and what the status of the item is (Were you outbid? Has the auction ended? Did you win the item?).
Should someone outbid you, you will receive an email from JuggleBee stating so which will give you the opportunity to visit the item and place a followup bid. Auctions officially end at 8pm on the night it closes but the time will be extended by 15 minutes per bid within the last 15 minutes of the auction allowing you a chance to get in your final bids without someone cutting you off last minute.