I've backed ordered a domain that i think will be worth a lot if i'm honest.. I've back ordered it yesterday, 1st of Novemeber 2010 it's expirty date was the 4th of October 2010, it's no nearly 30 days.. Have i done the right decision backordering after nearly a month? I've backordered it at snapnames.
If the name is good, keep in mind many other people will be backordering too at many other registrars as well. Either way, after expiration, there is something between 45 to 60 days before it's dropped and any taker can get it. Good luck however