The glib answer to that is; don't bid that way.
Put the item on your Watch List.
Bid only once and bid your maximum. The eBay automatic bidding system will increase your bid by one increment over the next highest bid until your maximum is reached. Then it will stop.
But if the bidding goes higher, some spendthrift is paying too much right? You bid your maximum (including shipping).
So.
Bid Once
Bid Maximum
Some would add Bid Late, but really you can't pay more than you are willing to spend, so that's kinda unimportant.