Suspended jockey Danny Nikolic.Suspended jockey Danny Nikolic. Photo: Ken Irwin

Suspended jockey Danny Nikolic has been linked to a Racing Victoria investigation into a horse being heavily wagered to lose a race in country Victoria.

Fairfax Media understands that Nikolic, who is suspended for threatening a steward during an appeal hearing, remains a person of interest in the probe into the race at Echuca.

It is understood that more than $260,000 was wagered on the Echuca event on third-favourite Baron Archer, who finished third in a field of five runners.

In comparison to the $260,000 wagered with betting exchange Betfair, the main race only held $160,000.