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.
What's usually your pick as a gambler since sometimes some persons are luckier than others?
The first thing that someone has to understand is in which area they gamble. For instance, you can't measure chances when you are playing slots. You know that only luck can make a significant change, no matter what your strategy is. On the other hand, gambling on sports involves chances. You need luck as well, but the result isn't solely based on luck. So, my measurement goes accordingly with which area of gambling I play.