"The All Blacks are still favourites and most likely to win - but only just," Yelas told the Herald on Sunday from Melbourne.
"We've crunched all the data again and it's come out with Australia not only being the next team in line, but they've reduced a 16 per cent gap from when England were second favourites, to 12 per cent with the Aussies right behind the All Blacks. What a final that would be."
Yelas said he was surprised the English crashed out so early, with home advantage a key element which is factored into the probabilities and historically, has been a defining element in successful forecasts.
Yelas has the trans-Tasman nations way out in front as the most likely winners, with South Africa third favourites carrying just an 17 per cent chance of winning.
Each team's chance of winning:
All Blacks 38%
Australia 26%
South Africa 17%
Argentina 5%