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.
Well I can't say that one who go for lower odd with higher money is wrong either both, this is a matter of what favor you at the end because as many betting prediction don't work for everyone according to how another chooses he/her game.
As long gambling mostly that aspects of betting using odd for a game individual knows where it favour them that is why the choice differs. One thing is sure is that know one can point out using 100% assurance of any odd choosing, as much is speculation or prediction.