Online penny auctions have exploded across the internet. This new way of getting everything from gift cards to laptops offers unbelievable values – literally pennies on the dollar.

But this variation on the auction theme comes with a caution: Let the bidder beware. You may lose a bundle.

Penny Wise: The Complete Guide to Saving Money with Online Penny Auctions is the first comprehensive handbook for bidders. It outlines the business model, helps you sniff out scams and bot bidders, and gives you authentic approaches to succeed.