You are describing one reproductive strategy used by males, which is not true for all men, and is defently not true when looking beyond humans.
Having many low investments into offspring can be effective, but it is also risky. The more champion based a race is (one male per many females), the more energy is going to be spent on competition. The offspring will also have to depend solely on the mother, since each child is just one of many from a single male and has thus less individual investment value.
The alternative strategy is to focus on a smaller number of children, making sure that that the reproductive investment has a higher chance to be successful. Children gets the value of having two parents that are invested in the offspring, but there are issues of "cheating" (an observed behavior in many animals).
Of course, I am only describing male strategy here and naturally it can not exist in a vacuum. Female strategy often has higher initial cost, but it does not dictate the outcome. In the case of humans also, the observed strategy in both sexes is normally said to be a mix strategy, so it is far more complex than just saying that the male genetic upside to risk is limited by the number of women they can have sex with.