He said: "The betting has come tumbling down and I think he has been blown out of all proportion.
"I've never said I'm going there with confidence like I did with Mister-Baileys and later Bijou D'Inde, who was third in the race in 1996.
"Both were proven Group race class at this stage. We are hopeful, rather than confident."
Love Regardless, who pleased his trainer in an early-morning gallop at Ripon yesterday, will be ridden by Kevin Darley in the Guineas.
Focusing on the other weekend classic, Sunday's 1,000 Guineas, Misterah must be high on the list. His rider, Richard Hills, knows what it needs to take the fillies' event.
Hills, one of trainer Barry Hills's jockey twins, is going for his third triumph in the race in the blue and white colours of patron Hamdan Al Maktoum, following wins on Harayir (5-1) in 1995 and Lehan (16-1) in 2000.
Misterah, trained by Marcus Tregoning, put herself into the reckoning for the race after winning the Nell Gwyn Stakes at Newmarket this month.
The filly kicked off as a twoyearold with a win from 20 rivals in a maiden race at Newbury and later landed a Listed event at Ayr.
Hills said: "She is the first I have ridden in the race that has won a trial. I remember Lehan - we almost got lapped in the Fred Darling before she won her Guineas.
"Misterah is not very big but she is very tough. I think she will definitely stay and has got the turn of foot you need to win a Guineas. She is not far off the very top. Harayir and Lehan were exceptional fillies, and the latter, who was the best I ever sat on, broke the record time for the race.
"She has a very good each-way chance of winning. When I won on her at Ayr she went to the front and steadied up, then another one came at her and she went off again. She is not frightened to have a battle.
"If Queen's Logic did not stay, or there was something wrong with Gossamer, then we will test them. Both must be well respected because they look exceptional fillies, but on the day Misterah will be spot on."