After showing little promise in his early career he ran well in several important handicap races in 1973 before stepping up in class to record a 28/1 upset victory in the St Leger on 15 September.
[1] Peleid's dam, Winning Bid, was a successful broodmare who also produced the Eclipse Stakes winner Coup de Feu.
After winning over one mile at Liverpool on Grand National day in March[3] he won the valuable Zetland Gold Cup over ten furlongs at Redcar Racecourse in May.
He took the lead inside the last quarter mile and accelerated clear of the field to win by two and a half lengths and a neck from Buoy and Duke of Ragusa.
[2] In their book A Century of Champions, John Randall and Tony Morris rated Peleid a "poor" St Leger winner.