Poor Show by Pads so far

For the biggest betting race in the calendar you'd have thought they would have something up their sleeves, but last to go NRNB other than hills and only one best or joint best price in the whole field, where they have bravely matched the 12/1 everyone else is offering for Giles Cross. Many of their prices are so far below everyone else that it seems they are deliberately trying not to take a bet.

Or maybe they feel they dont need to be competitive as there's loads of people with massive balances after Sprinter Sacre and they know that people wont be able to resist having a nibble anyway?