Hi Stugots,
Your SR looks good so far.
I feel it is best to try & only bet where a runner is paying a min of $1.40+
This is the min price range I feel one has to try & target ,otherwise it is too hard to recoup losses.

I find with place betting ,just like win betting , one has to be prepared for what their stratergy is going to be ,if one strikes one of those days where nothing is going our way , no matter how good the plan has prooven itself in the past.

Those type of days can wipe out all profits from the past & possibly one whole bank , so be prepared.

With place betting its an idea to target races with 12 runners & less, any more & the exposure to risk increases dramaticly.
Have a look at races with 14+ runners with a prooven selection plan to test the point.

CRUSHER STAKING PLAN
Only increase bet after a place getter is struck.
Once we are in profit, start again.
e.g.
1p,2L,2L,2L,2p,3L,3p,4p,5p,6p,7 ect
Bank needed $330

This is probably one of the better place staking plans to use on the right sort of place selections.
It has the ability to turn a small level stake loss, into a profit.
On needs a SR of approx 55% & an average div of approx $1.40 to make it work effeciently.

Other plans that only increase after a loss are reeked with havoc after a horror run & need massive banks to sustain them , so I feel its best not to go there.

Keep in mind ,that it takes patience to recover from a bad run to recoup all losses when place betting because the divs one is working with..
With the above staking plan it has shown that it can recover if one can stick at it . That's where the discipline thing comes into it.

Out of interest ,can you say what your selection criterior is?

Cheers.

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Cheers.