Yes of course!
I rely more on odds in betting because it shows how does the team differences in a match. Most of the time I go to the highest odds and did not risk too much. Sometimes, I lost but most of the time I win because I rely in odds. However, too much rely on odds may lead to a lose. There are sites that give odds to the gambler which in the end, lose your bets. If you want to play safe, making your own probablity and statistics are better than depending on what the site says.