I totally agree the price is no value to what it has done or achieved. Expectations, with same owner and trainer of last years winner and hype horse off the Novice hurdle division Envoi Allen is gunna gather momentum and support.
However, yes we are all as punters looking for value and too beat the bookies, but from thier perspective, they know people are going to still back the horse even at the price it is now. Another thing could be due to the hype they have already took a load of money for it at double figures and they can't afford to take anymore money on it at them sort of prices?
I'm only on at 12s and 10s NRNB. Reluctantly as already have too many in the race, most that probably wont even give me a run for my money! But if he wins well what price does he go then? Bookmakers cut him straight away? More people pile in on it, they sort of have to?
Can't believe I'm sliding with the competition (the bookies) but in a sense I can see logic behind it. Even if it is shit value to us!