1.01x is a dangerous multiplier, in my opinion. At least it's like that for me. Normally I lose definitely more than once during a hundred bets, and it's a stressful loss that you don't expect. I've noticed that betting with 47.50% win chance is more entertaining and it gives you the same result regarding wagering in the long run.
It's certainly more entertaining but more risky, because with the same bankroll you are way more likely to go bankrupt with 47.5% winning chances than with 94.06% chances. It means you can bet higher amounts for the same risk of going rekkt during your session with 1.01 odds and higher wagering amounts give more Reward Points, lottery tickets and faucet bonuses along with cashback. So if think it's more profitable to but higher amounts on low odds in the long run, than the opposite.