I think it's possible that they think they have enough in hand to target both this and a big Spring target Maurice. If he wins here and the handicapper nails him, they'll just switch to graded targets. And don't forget this race is worth about £30k more than the County Hurdle and may be more winnable anyway, so why wouldn't they?You're assuming it's targeting this race rather than the spring festivals, Maruco?
On the flip side they know there are two or three very unexposed novices, so I suspect Skelton will ride a race with that in mind and won't waste the handicap mark on finishing close up in a place. If he's not got a handful approaching the last then you can expect him to find a reverse gear.
Of the novices, Didtheyleaveyoutoo has the right owner to have been targeted at this, and has a very lenient mark after what I noted as a very tender ride at Kempton behind Mister Fisher and others. If you're prepared to accept that the run at Kempton was for a handicap mark and write it off, look at his previous two hurdle runs and all of the cross form. It's stacks up particularly well.