LAST week, this space discussed Faugheen’s price for the Champion Hurdle at length, with the conclusion being that he was just too short at around even money and thus was crying out to be opposed.

Some analysts are hard-wired to try and find holes in short-priced favourites and I am very much one of that group. However, while working off the concept of value, only supporting horses that are available at a notably bigger price than the perceived mathematical chance of that horse winning, generally steers one away from short-priced favourites, there are occasions where such a horse still represents value despite being a short price.