I posted a question regarding Late mail recently and was grateful to receive some interesting data in response. I wonder does anyone have any significant results for the PLACE? My observation so far is that there appears to be a greater than normal % of placegetters, but not sure if that is just a flash in the pan.

I'm dragging this post up again because I think it's worthwhile.

Betfair are on the verge of introducing a new Betfair SP product, different to the old one.
So I think it could be a winner at Betfair prices.

I'm about to embark on a study, and I'll post back the results.

Yesterday for example:

Lay the win, back the place.

47 selections

Win Loss 27.90
Place Loss 4.20

Win LOT 59.36%
Place LOT 8.94%

I reckon that it's a good lay system for the win and a good bet for the place system with Betfair.

A little birdy told me that the late mail selections are those that have had largeish early morning bets with corporate bookies.

Last weekend to follow...

Last two Saturday's

94 Late Mail selections

Win Loss 44.80
Place Loss 14.30

Win LOT 47.66%
Place LOT 15.22%

Last three Saturday's

139 selections

Win return $78.70
Place Return $113.20

Win loss $60.30
Place Loss $25.80

Win LOT 43.38%
Place LOT 18.56%

Hmmm...looking very much like a win lay method to me.

Well yes Chrome EXCEPT, it all looks too good to be true to me????? whadya reckon?

I am confused by the figures above, i understand the point of laying the win and backing the place but that about it.

Just that the Late Mail selections are way overbet on the tote, if we can lay just 10% above that, there's still a good 30% of profit to be had.

I just didn't understand the way you had the figures thats all, so laying the late mail could be a profitable idea?


And you are saying that backing them for a place might be a goer aswell?

Ah no, Initially I thought so, but the track record ain't great.

Today at Mornington not one Late Mail saluted (many at short enough odds) and their special went down the gurgler too.

It was a bumper day ;)