Yes, there are more peds than cyclists but this can be taken into account and when it is we find that peds actually have a slightly greater chance of being killed in a road accident than a cyclist for an equivalent journey
Given that on a bike;
you are travelling at anything from 3-ish to 7-ish times faster than a ped
you are in the road with traffic which is at best indifferent, at worst aggressively antagonistic to cyclists
you are on a machine which is subject to mechanical failure and to potholes and other road imperfections as well as geasy roads, ice etc.
I'd love to know how you think being a ped is more dangerous than being on a bike.
Today, while on the bike:
I suffered an attempted left hook as a car tried to turn, without indicating, in an otherwise quiet road, having never got further past me than his passenger door.
I had two pedestrians step out on me without looking both of whom were only avoided by my vigilance.
I failed to get hit by someone opening a car door on me by dint of cycling outside the door zone. This, of course infuriated the driver behind me who squeezed past me with minimal clearnce just as the door was opening.
A fairly standard day on the bike then.
I cannot remember the last time I felt endangered as a pedestrian
In 2008; 115 cyclists were killed as opposed to 572 peds. I don't know where you live but in Edinburgh there are considerably more than 5 peds to each cyclist. Statistics, as ever, can be made to say what you want them to say, but if you really think that your daily cycling experience is safer than being on foot, I for one will come and join you.