I have lost 1.01 odd before, I have lost 1.05 odd more than ones before, I have lost 1.02 several times that let me know that going for lower odds is stupidity, it will only encourage you to increase the money you use to stake and losses is still possible. It is a means of getting addicted too.
I have won 1.25 to 2 odds before very well, if I take higher odd with lower amount of money and lose, it is better than going for lower odds with high amount of money.
What we should know is that, lower odds is not guaranteed for winning and many gamblers have lost a lot of money believing and picking lower odds.
Some time casino uses low odds to navigate gamblers' minds to pick them thinking there are sure odds, not knowing that one can lose them the easily same way one can lose with higher odds even up to 3.00 odds cab give winning the same way as 1.05 odds.