It is more dangerous than a single drive. But as-per the people before me, not by a huge amount. The odds of a failure are 1−(1−r)^n (Thanks
Wikipedia) Where r is the failure rate, and n is the number of drives.
That is, if a drive has a 1 in 100 chance of failing, 1 drive: 1-(.99)^1 = 1% chance of failing, 2 drives: 1-(.99)^2 = ~2%
3 : ~3%
What if the failure rate were higher? I don't know the odds of a given disk failing, ask Google for those numbers. 1 : 5%, 2: 9.75%, 3: ~14.3%
My math could be wrong, but I blame Wikipedia. It seems right to me. As you can see, you really start gambling when you get to higher storage levels. If you are alright with risking losing everything (other than what is already backed up) I say go for it. Personally, I am all HDD, no RAID. Don't have the money to spend on SSDs, especially since I just don't need that performance yet.