Of course, a strategy with bets on high odds always has a bad chance of success. But if you choose more equal opponents who will have approximately equal chances with high odds, that's what I like. Only on condition that the player is well versed in this sport, these teams, leagues and players. Moreover, this is exactly how I bet, of course I can't boast that I am a winning player, but I like to play this way, try this strategy. But I am absolutely sure that I will never bet with the smallest odds. I have seen many times how people lost huge money there, thinking that they could win and take a hundred bucks, and in the end they lost thousands, so sad.
A very good strategy by your description, in as much as there's actually no exact pattern or sure strategy that is void of you loosing at some point. But then taking the bet on the players will be a very good option to explore as it will give you a better chance even to win your bets more often than you will if you make outright bets on the teams.
You can define your strategy from how the outcome was, and yes it's true that taking chances with players might give some edge in terms of stats that can be provided though not a guarantee as there's no kind of thing when we are dealing with gambling, it's just a matter of how you trust your instinct when placing your bet and selecting the team or the players that you'll going to back up, betting with them even the odds is huge sometimes when luck permits you'll hit decent and surely enjoy your earnings.