All gambling is about luck though, sure you can go with favourites or whatever but if luck isn’t on your side you won’t win very often.
There’s nothing wrong with betting on a long shot though. It’s likely a lot more likely to win than a lottery ticket.
Staking on high risk bets leads to what is called the favorite-longshot bias, it is when the people that are gambling overestimate his small possibility of a big wins, even if all the odds and his chances are against them. you see, there are a lot of things that motivate as to take riskier bets like bonuses or big payout dreams. fundamentally that mentality merges a gamblers misconception, phantom of control and thrill-seeking dopamine hits. If your aware of the consequences and it makes you happy fine, but lean too hard it will be your own downfall.