Friend swore by booking hostels in person, cost me $60 more in Lisbon

My buddy said skip advance bookings and just walk in, claimed hostels drop prices same-day. I tried it on Rua Augusta in Lisbon and got quoted $38 a bed while the same place online showed $24 two hours earlier. Has anyone else had luck with the walk-up trick, or is it only a thing in smaller towns?

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