I've now watched the entire race several times.
Liam Treadwell was simply awesome on the winner. Contrary to the RP analysis, he wasn't 'in rear' at any stage. He was always in the mid division, jumping neatly and picking his way round the inside, saving every inch available.
However, I think State Of Play was incredibly unlucky. He lost halfa dozen lengths with a mistake two before Becher's on the second circuit then had to side step a stricken runner leaving Becher's. All in all, he lost at least a dozen lengths and a lot of momentum, not helped by being forced wider than usual off the Canal Turn. Watching the replays, it came back to me that I was saying to those of us who were on it "State Of Play's beat" before Becher's and again approaching the fence after the Canal Turn. It was a major surprise to see him coming there apparently full of running turning for home. He was outjumped without necessarily making a mistake two out but the writing was on the wall going to the last. I reckon if he hadn't lost the distance and momentum at that stage of the race he'd have been ten lengths clear going to the last. Mon Mome may well have collared him on the run-in but SOP would have been at least a clear second.
Also, in the post-race interview, Ruby mentioned that MW had made half a dozen mistakes, meeting his fences halfway up, which would have taken a lot out of him, so he's run a cracker in third, and waht about Comply Or Die? What a heroic attempt at defying the handicapper. The horse has clearly improved another 10bs at least from last year.
Incidentally, I had a small bet on Arteea at massive odds and didn't realise until well after the race how close he'd got before fading, so noisy was the house! I wonder if the jockey could have been a wee bit closer to the main pack on the first circuit, although he was presumably riding to instructions.
As I said a few days ago, it shaped beforehand as being the most competitive race I can ever recall rating in advance and the huge pack of contenders turning for bears that out. It was almost as if it was still the first lap.