Actually Reet's comment above ( and yours, Viking) got me thinking.
So looking at Pic D'Orhy's profile (and obvious future intentions...and we now know how that's turning out) before winning the 2020 Betfair...
Pic was running in exclusively graded races beforehand. Similar for Iceo before taking in that Class 2 off a 300 day+ break...where we know he ran half a dozen lengths + further than those he finished upsides.
I'd say that suggests the Betfair could well be a carefully planned plot for Iceo, with PN planning to take the similar Pic chasing path after picking up the cash for this..
Most of PN's other entries look too inexperienced (though if any line up, that may be a signal...and the fact they're entered suggests they'll be worth noting for future races - Lally, Time, Toothless, Rubaud). Hacker has to be a worry, though would appear to need good ground. Unlikely to get it.
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But...
If we think Iceo has his name on the trophy, then surely Chris Gordon's Aucanrisque must have a chance. Will possibly have been similarly laid out, and Chris Gordon saddled Remiluc to be 3rd beaten less than a length in 2020. He'll know how to prepare. Highway one looks just short of the ability to win, but might run well.
A worry that Aucanrisque has been chasing and never contended with a big field other than a Cheltenham bumper...whereas we know that Iceo (if he wants to) can sit out the back and come round the outside of the field if necessary without any fears other than some may have got too far away.
If it was really an intention to lose or not to win too far the last day, then he'll come up the short route and win in a canter! ** There's a good chance that deep ground or at least very soft will be necessary, going by PN's comment after the Dovecote "staying on strongly from the back of the last. That run told me he wants a trip"**