Hermes ,

To make a profit with place betting you must have a great strike rate (80% or more) and a very good staking plan.
I have a good place betting plan which has served me very well , and is quite simple it just involves picking a horse at 2/1 or less and putting it through several rules and if it passes its a selection.
Over the last year the average dividend is $1.30 which doesn't sound very exciting but using various staking plans and starting with a bank of $200 i have accumulated around $13,000 in 12 months.

__________________
Good luck and good punting.

And remember a profit a day keeps the Girlfriend/Wife away.