You can't get 1 cent keywords...
First build a unique landing page for every keyword/ad combo you do. Then set your min bid to $5 (it won't cost you that much unless you quality score is jacked), once about $20 is burnt you can match your cpc to match what Google is giving it to you for. Say it's $1.00, then after another block of clicks it will be 91 cents, you can drop this until you drop off the page.
Now to move down the slots, simply bid lower.. and you can gauge how much people are bidding for each slot. You may find slots 1-3 are at a war, while 4 is chillin with a low bid letting you slip in.
If the 10th guy is bidding 25 cents, you will never make the list if you bid under. If the top slot is bidding $3 for #1, you will have to bid over to beat them or have a better quality score.
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