This question of what proportion get ballot places has been discussed and speculated on for many years, and it is just that -- speculation -- as the organisers never reveal the breakdown. But the figures usualy bandied around are in the ballpark suggested -- that you have a 1 in 5 or 6 chance of getting a ballot place.
The race was hugely oversubscribed even before the days of online entry, but at least at one time you had a few weeks or even months to get your entry in before they closed off applications.
What has really changed is this -- that for the last couple of years they have opened applications for next year's race on the very day of this year's race. This is an utterly crazy idea as there must be loads of people watching on TV who get caught up in the excitement and enter online without giving it much thought.
Result? Applications are usually now stopped only 24 hours after opening. Madness.
Why not have a breathing space of at least a couple of weeks before opening applications to make sure you're pretty serious about it?
For the record, I got in on the ballot in 2002, the first year I appled. Since then, not a sniff.