That is, let's say in sports betting, wherein you bet on the long shot or a huge underdog but at the back of your mind, you thought that you will not win, but there is still small hope inside of you that this could be a life changing and so you go and bet with your close eyes.
I have also placed bets like that, betting on the underdog team. But I limited it to single bets, and I didn't do it regularly. Not every match can be used for such bets because there will always be a tendency for us to bet on the favorite team that indeed has a high chance of winning. But in sports betting, almost every experienced bettor will not bet with their eyes closed. There will definitely need to be a reason for taking the risk of betting on low odds. Although it is possible that there are bettors who make bets based solely on feelings and rely on their luck.