Lets say there are only 8 runners...that's a 38% of getting something back if you go each way as opposed to a 13% chance of getting something back if win only. you might be betting double stake but you are not far off a 50% chance of getting something back or making some sort of profit. I like those odds..
I don't bank on making big profits when I bet .... I sometimes bet quite big but I like to cover the loss as much as possible, Anything can happen in this game..
I get that I used to have the same mentality, I would have rather had a little something back than lose it all but then I started to think it was just pointless. I bet to win not to minimise my losses. I do still bet ew (mostly when doing multiples) it's not like I never do. Generally speaking if I fancy a horse it's because I think it has a good chance of winning so I go all in. If it doesn't win then that's gambling and I got it wrong.