Shane Jones will not win Labour's leadership ballot. But he may well be one of the ultimate winners from the party-wide contest.
His bid for the top job immediately puts him in serious contention for the party's deputy leadership, which unlike the main battle, is still determined by Labour MPs alone.
Whether or not he wants the deputy's job, his standing in the caucus will be enhanced considerably by his standing for leader.
His leverage in the caucus may well be increased if the leadership vote is close and Jones directs his supporters as to which of the other two candidates - David Cunliffe and Grant Roberston - they should give their second preferences and that candidate wins.
Apart from the obvious - that he is Maori - Jones would tick a number of boxes as part of any leadership team.