I think 7/2 Peddlers Cross is fair enough, to be honest.
A certain amount of progression is probably factored into his price, I'd concede, but he has not put a foot wrong over fences, and of all the hurdlers going chasing, he is the most obvious one for the bookies to want to duck.
Some people are, imo, too quick to dismiss Peddlers' hurdle form as irrelevant when it comes to novice chases. Whilst that may be true to an extent, it's fair to say that most novice chasers near the top end of the scale probably run to within +/- 5lbs of their hurdles rating, when sent over fences. Even if Peddlers Cross is anchored near the bottom-end of that scale, he'd still be the one to beat for me.
I'm a believer when it comes to Peddlers Cross, and I've no emotional tie to him, having under-rated him almost all the way through his career. Quibbles about the tracks and opposition aside, in every other aspect of his character, he looks a tremendous Arkle prospect, and I personally think he is as good a thing as you are likely to get in a race like this.
I'm on at 6/1 (evidence that I
still missed the boat a bit on him), and therefore have no interest at 7/2. But I do reckon we could see him going off shorter on the day. For me, he remains thoroughly unexposed over fences, and has already run to a level of form that would entitle him to take his chance in the Arkle. A win at Haydock would see his price contract further, and if he went into the Arkle undefeated, I think he would be a steamer on the day; him being a very obvious choice as a shortie, given his potential for further progression and track record.
There's a few if's in my theory
but I can honestly see him starting a 2/1 shot on the day, and all he needs to do is win at Haydock to make it so. And even if he's turned over, I can't see him drifting out to anything bigger than 5/1........and I'd still expect to see him backed to near favouritism from there. I actually think 7/2 is a traders price, and wouldn't really discourage anyone if they wanted to take a piece of it.