Why are horses backed in running at ridiculous low prices when they loose often

If you look up 1001 forum sins i think using the word "loose" instead of "lose" makes it into the the top 3. It may well hamper this thread in getting the answers you were hoping for.

Your probably right UA I need flogging for it, I beg forgiveness for my stupidity,your intellect is beyond my comprehension.

One race today, there were two horses turned over at 1.05. No idea what the winner was matched at.

hotpots in running are turned over on any given day,can money be made here?

And now a 1000-1 winner on the biggest race of the day.