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.
I believe low odds bet are popular on parlay bet if we are describing low odds as in 1.2 odds below. There’s no stats about the real number of stakers huge amount on this low odds however I do understand your point here since the small return makes gambler stake more for higher profit.
Personally, I don’t do single bet on low odds like with small amount or even higher amount. I preferred the 1.6 odds to 1.9 odds when doing single bet which is the average risk bets.