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.
It is certainly concerning to hear about a gambler losing a vast amount of money playing a bet with odds as low as 1.008. This serves as a reminder that there is always a risk involved in gambling, even with seemingly low odds. I would suggest everyone play at a safe level with a certain amount after proper research so the risk of financial loss should be minimized.