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Zebu, i am a 'fun' punter; small stakes, often multiple bets, and drawn to large field handicaps where the chances of choosing the winner are much less, true, but the satisfaction much sweeter when i do. Plus the bigger the field, often the bigger the price. Backing odds-on is for those who rock up at racecourses with satchels full of readies, imho :-)
And, as i proved on Sunday, if your first 3 selections of a multiple win, the 'cash-out' offer is sometimes well worth considering. In my case, £500.48 for a £5 stake.
Put money in a savings account and, economic crashes notwithstanding, you are guaranteed a return. Not so with gambling. I've seen horses turned over at 1/14.