Even with odds of 1.03, you can still lose a bet so I have never really fancied taking a team that is being favored by the bookmaker as your game; sometimes it works but most of the times you'd end up losing your money to the bookmaker.
Yeah, the problem with small odds is that you don't get enough wins to cover for a loss. At 1.03 odds, you need to win 33 bets to make up for a lost bet. I can't imagine someone winning 33 bets even at 1.01, forget 1.03. It's much better to usually bet on 1.50x or higher odds if you bet a lot. For someone who makes 2 bets a month, it may be fine to bet on low odds like 1.25 but if you make many bets, it will eat all your balance.
That's why bettors betting on low odds are the most highest stakers. They've that risk taken so they can earn tangible profits.
And while some bettors may not consider teams capacities but the odds, they standout to loose the game.
Don't be overwhelmed, 1.01 odd isn't still trusted. Too many dramas in the game of football that when betting, should be affordable amount to loose because the outcome nomatter how good it may look with some key players are still uncertain.
And yes, placing of multiple bets could really be profitable in a long time when minimizing your riskeof chasing higher profits but that can still drain your account if not careful.