[QUICK] Best bid for Fan pages?

Well I redeemed a $50 voucher for Facebook advertising, my niche is "GAMING" , my dialy budget is $5, what is the best BID to put....

or is it better to pay for 1000 impressions.

I would pay per click so you only paying when people click and then I would start my bid high, i.e. $1, but closely monitor it and keep lowering your bid until you get to $.10 or $.05.

The reason you start high is to get impressions and some clicks. Facebook, much like Adwords, rewards you for relevancy and CTR.

Each time I lowered my bidding my CTR went higher and within 3 days my clicks were $0.08.

My budget was based on $10 daily so you should get further with a lower daily budget.

Put it low. Thats what iv always done.