Time Test (by Mark Neslon) in the RFO suggests that on his speed figures Frankel only has a 1L superiority over Excelebration and "don't be too disappointed if he is forced to dig deep".
There is not a bad EW bet in the race Steve.
The place part of betting Immortal Verse EW with Ladbrokes (7/1, 1/4 odds) pays 7/4. Her true price to place in the race is more like 8/11 to 4/5. This is tremendous value. Yes you have to risk the win part of the bet, but you are getting over twice the place price so it more than makes up for the loss of value in the win part.
I could give you the same example for every single horse other than Frankel in the race to a certain extent but in these "Bad EW Races" (Why do you think bookmakers call them that? They are bad EW bets to lay as they are certain to lose laying them long-term) the 2nd and 3rd favourites are always the best to play EW as the value on the place bet is so great.
I would query your assessment of a place price for IV Stan
running a query through RSB shows that horses priced 6/1 - <8/1 in races with 8-10 runners..not far off todays race conditions... place 1,2 or 3rd just 37% of the time..making the odds for a place about 7/4..not odds on as you suggest.
If you then accept that one of those 3 places will be filled by Frankel..you are then fighting for just two places...this then drops to 27% at best..which means fair odds to place for IV in that scenario are about 11/4.
Please PM me if you want me to lay me 11/4. Or 7/4.
I'm off out, but with respect, your calculations are incorrect. Remember that one of the horses is a 200/1 pacemaker, so that knocks one out immediately plus bar the front 3, they bet 25/1+. Mathematics dictates that she has a greater than 50% chance of placing as the market shows.
It's a 300% book and Frankel takes up 91% of that book as he's around 1/10 to place. Allocate the other 210% and you'll see what I mean.
Look on Betfair, she's 1.78 to place. Excelebration is 1.67.
There is not a bad EW bet in the race Steve.
The place part of betting Immortal Verse EW with Ladbrokes (7/1, 1/4 odds) pays 7/4. Her true price to place in the race is more like 8/11 to 4/5. This is tremendous value. Yes you have to risk the win part of the bet, but you are getting over twice the place price so it more than makes up for the loss of value in the win part.
I could give you the same example for every single horse other than Frankel in the race to a certain extent but in these "Bad EW Races" (Why do you think bookmakers call them that? They are bad EW bets to lay as they are certain to lose laying them long-term) the 2nd and 3rd favourites are always the best to play EW as the value on the place bet is so great.
Or the favourite to not fire or have trouble in running and then you not only have another place but an open win bet. It's a great E/W race.
Qipco Sussex Stakes - Special Handicap Betting
William Hill
Bullet Train (+15 lengths)
11/4
Farhh (+ 8 lengths)
11/4
Frankel
11/4
Gabrial (+13 lengths)
11/4
.