I`ve seen here one thread, when someone lost more than $1.000.000 with the odds less than 1.01. Do you still sure that it is good strategy?
The same time i can say that lots of people are in gambling for fun, to take a rest after job. I can make few bets after a work to make brain to think about something else.
I recall the thread you are talking about, but I can't find the link to it. It's just another proof to show that low odds don't guarantee straight winnings; games with high odds can win against the one with low odds. We should not place bets with overconfidence because the odds are low and think we have the advantage on our side, as some usually say, low odds increase the chances of winning.