Books can set whatever place prices they want.
In harness racing, not that uncommon in a race with a fav below 1.50 for the win, for there to be a 2nd fav at around 20 for the wing paying only 1.50 for the place.
That's true. The general rule of thumb is a quarter of the win price is the place price. That's what makes cycling good.
There is a false flat tonight - 1km at the finish apparently. That might not favour Cavendish but I'm still on him. Sean Kelly reckons a break will survive today. If that's the case, lets hope I'm on the right guy! Cav should win tonight regardless. If he's wrapped in cotton wool till 500m to go, he will be fine!