Which two automated bidding options are available on Reddit?

Reddit Ads offers two primary automated bidding strategies: Lowest cost and Cost cap. Lowest cost bidding automatically optimizes your bids to get the most results possible within your budget, without setting a specific cost per result. This is ideal for maximizing delivery when you don't have a strict CPA target. Cost cap bidding allows you to set a maximum average cost per result you're willing to pay. The system then attempts to deliver as many results as possible while staying at or below that average cost. This provides more control over your CPA while still leveraging automation. The other options are not standard automated bidding types offered on the platform.