Bhagwan, I've just had a look at today's racing using the CP, $ and PR algorithyms, and also ignoring scratchings.

There were no selections priced at $1.55 or lower, but there were 4 odds-on selections. Three of them won for a return of $6.60 but only paid $3.80 for the Place.

There were 5 selections priced between $2.00 and $2.50 for one winner paying $2.40 but all placed for a return of $9.00.

As it looks promising I'll list the selections tomorrow limiting them to a maximum price of $2.45.