if you are saying that constructing bets on one game to win at most about 1/2 is not a good strategy (and I'm actually not sure if that is your meaning) then I disagree with that point of view
they key is whether or not you are + EV or not imho
Romes, at WOV posted a bet that was -425 - and most including me felt that he had a very good bet
to many it's not much fun to make a bet like that - and I would sometimes refuse to myself, for that very reason - but of course in terms of betting for maximum efficiency that is a wrong attitude
at the racetrack sometimes a horse bet to show paying only 1/20 can be a good bet if the horse is obviously much better than the others and the field is very small - just 5 or 6 entries
the racetracks are required by their rules to pay no less than $2.10 for a $2.00 bet even if 100% of the show money was bet on that horse to show
as you probably know, those who usually get the worst of things (there are exceptions) are the longshot lovers - who at the track and elsewhere usually lose much more than the house take or edge in the long run
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