Ask HN: Tips for buying a domain in redemptionPeriod

I am looking to purchase a particular domain name that when doing a whois lookup shows the status of "redemptionPeriod" with an updated date of Sept. 1st 2010...

I've been trying to look into the subject and have found many conflicting reports of the best way to go about getting a domain name if it does in fact expire... most recommend pool.com or snapnames.com

I've been seeing some sources that say that it takes 30 days once the domain has entered the redemptionPeriod + 5 days of pendingdelete, others mentioning 75 days for the whole process.

So if anyone has any experience with domain name acquisition once it has gotten to this step I'd appreciate some tips, such as when and how to go about getting it. Thanks