This will select the 1st selection in the odds range, or you could say the 1st favourite in the odds range.
So if the odds were set to between 4.0 and 6.0 then if there were 2 or 3 selections in the range at 4.4, 4.8 and 5.5 only the first at 4.4 would be selected.
The actual favourite may be at 3.0 for instance but will be ignored.