BHAGWAN PLACE STAKING & SELECTION PLACE
This plan works a treat,thats of course if you can pick place getters.
THE SELECTION PLAN
A good sauce of place getters is the 100 pointers in the http://www.tabq.com.au (Qld. TAB)
Must have 8-12 runners only
Must be paying $3.00 or more for the win (not place).(that way we get a reasonable place divvy.Approx. $1.60)
No bet if duel 100 pointers.

Always remember ,your srike rate will always be greater if you stick to races with 8-12 runners. No matter what resonable selection plan you use.

THE STAKING PLAN
The idea is to increase your bet after a place getter is struck ,then start again once you are in profit after the first bet has been increased.
E.g. 5L-5L-5L-5P-@$1.90-10L-10P-@1.80-15@2.00-20@$1.70 now stop ,you are now in profit

Outlay was $80.00 Return $91.50 Profit $11.05 14.3% Profit on turnover.
Strike rate was only 4 out of 9=44% for the place.
BANK REQUIRED,$150 for every $1.00 In this case example you would need $750 because we were starting with $5.00 bets .
Always remember no bank ,no chance.

So you can see the potential , even at moderate odds & strike rate.

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Cheers.