I had a Pal who was in Richard Fahey's racing club (going back about 4 years ago) Long story shorts several members were invited to the races one day, Fahey had four or five runners at the track and he told them that only one of his horses really had a chance today and they should have a good bet on it each way (from what I recall it was just about a each way price)
It came 2nd to last and two of his other runners on the day won @ 9/1 & 16/1.