Did Australia's punting group, the Legal Eagles in the 1980s, believe that the best racing favourites to bet on were those priced between 7/4 and 9/4?

Yes, Australia's punting group known as the Legal Eagles in the 1980s did believe that the best racing favourites to bet on were those priced between 7/4 and 9/4. They conducted research and analysis that led them to this conclusion, suggesting that odds within this range provided a favorable balance of risk and potential return. This belief was part of their broader approach to betting, focusing on statistical analysis and informed decision-making.