Super Saver offered good value.
SS paid $51.20 in pool 2 future wagering. Factoring in Borel and the stakes record win over the course, $51.20 was a good price. You did, of course, have the risk of a race out into the future, but that is irrelevant because every horse had that risk. As the 9th choice in the betting, SS was an overlay.
SS paid $73 in pool 3 future wagering. That pool closed after the Tam race, and you did have some distance risk. After a close review of that race, however, SS\'s inability to change leads properly was a factor in the defeat, and Borel had already shown an ability to correct that problem (watch the Champagne and 2 yr old CD race). Super Saver offered good value as 12 other colts took more money.
SS paid $56.50 as part of the Oaks/Derby double, which was an overlay. Evening Jewel ran huge in that race, better than expected, but no other horse had a prayer of beating Blind Luck that day.
On Derby day, the exacta with the 6th choice paid $152.40, the tri paid $2,337, and the super paid $202,569. Overlay? Underlay? Reasonable people could disagree there. The tri and super look good to me.
SS was 8-1 in the final win pool. He wound up taking a decent amount of money from casual fans who are now in love with Calvin Borel (and 100k from one very lucky dude). Reasonable people can argue over the value here. Personally, I think the horse wins this race at least 20% of the time, so I wouldn\'t call it an underlay, but there was significant trouble behind SS, and if I had keyed one of the tough luck horses, I might feel different. Do note, however, that many people handicapped SS\'s dream trip before the race. This was not 100% luck. One could also argue that SS did the real running when the race counted, and the horses that sucked up behind him were not as impressive, even with the trouble, though those arguments are usually filled with holes.
Overall, Super Saver offered value, though the $18 win price was not the best place to find it.
Going forward, it will now be very difficult to find good value on SS, as the Derby winner rarely offers good value in subsequent races; too many people saw the win. Borel up will only hurt the price further.