Quote from: Mia Chloe on Today at 01:18:50 PM

I believe people who gamble on sports may understand this better since sometimes in sports betting some gambler's prefer to go for the smaller odds that usually have a higher winning chance and sometimes they can still end up a losing game however some prefer to go for the big game with big odds and smaller winning chances.

That's a bulletproof way to lose money.
Higher odds mean just that the event is more unlikely than a lower odds one, it doesn't mean that betting 1000 times on 1.5 odds will for sure beat betting 100 times on 5x odds.Chasing odds is foolish, chasing the value behind those odds it's a different thing, and that's what professional gamblers do.

Quote from: Die_empty on Today at 06:46:41 PM

Betting on favourites has been my major and consistent sports betting strategy. Although the wins are usually small, they have higher chances of playing out

I've done this experiment with favorites twice for both a season for the entire league and only favorites as in top teams and even in the best case the wins are below inflation rates and even losses for some, so unless you're cherry-picking teams and matches, this is not a viable strategy by any means.