An 80-minute, 700 MB CD-R fits 80 * 60 * 44100 * 2 * 2 / 2^20 ~= 807 MB of audio.
Why is that?
The 100MB difference is not just due to the audio TOC being of smaller size than the ISO9660 or UDF file system metadata. It's also because of differences in error correction. I don't have the spec on hand but I recall from when I was investigating this that CD-ROMs use more bits for error correction than audio CDs. That's why you can fit more audio data than "filesystem data" on a CD-R. Reading (ripping, digitally) an audio CD will likely result in different digital audio files every time, since the error correction is not that good, but good enough, for audio.
I read into this when I was wondering why my CD-DA extracted .wavs came out with a different checksum every time. Vibration is one of the factors that would make the same audio CD, read with the same CD player, produce different digital signals some of the time or even every time.
CD-ROMs however, which store digital data, need better correction - you definately don't want a bitflip in your .exe, while a minor amplitude diff — an uncorrected bitflip in the upper bits of a 16-bit PCM signal — is no biggie.
So… I'm not saying that the people using CD mats are informed (or have tested whether the mat makes a difference, or would even know how to go on about testing this, scientifically), but there's more to it than what I originally thought — which was "it's digital so it's never degraded". I wouldn't have known without checking the md5sum of my .wav, though.