How to handle large amount of outlinks without bleeding page rank

  • Is there a plug in or some code I can use to help me not be penalized for posting lots of links on a page.

    I have a fairly new couponing blog, Couponing by the Sea, and I am a new blogger. I am trying to understand how out links affect page rank and I have been reading different topics for a few days.

    Because my blog is giving information on where to find coupons and the deals to use them on, I have a large amount of outlinks on most posts.

    My competitors seem to be structuring their links using their domain names but the links redirect to the coupon site. I can’t figure out how they are doing that or exactly if it really accomplishes anything to do with page rank.

    Some competitors add a “nofollow” rel, but I have read that this no longer works due to Google changing the algorhythm.

    Can someone tell me if there is a plug in or an easy way to change these links so I won’t bleed page rank when it is necessary to link to these resources for the purpose of my blog.

    I hope I posted this in the correct area. Please be kind. I am trying to learn.

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