This chapter is from the book
Bid in Odd Numbers
Here’s a way to win auctions without having to overbid—bid a penny or two more than an even dollar. For example, if you want to bid $10, bid $10.01 instead. Your bid will beat any bids at the same approximate amount ($10.01 beats $10.00), without your having to place a new bid at the next whole bid increment.
Don’t bid an even amount.
Instead, make your bid for a penny more than the necessary bid increment.