There are many reasons one might want to back out of an auction after bidding. Obviously, if one makes a mistake and bid the wrong amount or bid on the wrong auction, one will want to retract that bid before the auction ends and one is obligated to pay. eBay takes bidding very seriously, to the point of imposing restrictions as to when and under what circumstances one can retract a bid. This is understandable, considering the scams a small minority of eBay users have propagated; look up "Buying offenses" in eBay's Help for an exhaustive list (and lots of ideas, too).
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