this is only true if the "unlucky" payout is not that big, so you can increase your "luck surface" without worrying about the effects for "unlucky" results, otherwise increase your "lucky surface" could increase your downside of "unluckyness"
However, in my life that limited downside has cost me a lot of money in opportunity costs over twenty years. I might be retired had I been able to work for money with the same energy and time I applied to my startup projects. But reality isn't quite like that, I would have been so unhappy doing that, it wouldn't have been sustainable (I tried working that hard for money for two years and it was horrible!) Those startup projects were so fulfilling and I learned so much on the journey. Even though I haven't found success yet, I haven't given up and the journey itself has been incredibly rewarding.