Twoshoes, I've had a look over the past week and a half at odds-on races for Place betting.

Unfortunately there doesn't seem to be any noticable advantage on Betfair in
betting the second and third faves to Place. This also applies to NTD races.

The only advantage on Betfair is a better Place price on short-priced faves, particularly those that pay $1.04 and $1.10 on the TAB.