Furthermore - there's a saying that "believe in it long enough - and you'll think it's true". So you have to be careful with that - sometimes appearances become deceiving (what you show becomes what you are).
The positive sum that the wager demonstrates in a belief in a God is nullified when you divide by the number of Gods/religions/deities in existence (many thousands/millions). Indeed - if you factor exclusive Gods/religions/deities that condemn separate beliefs - the wager goes negative since holding many beliefs that negate each other, with the addition of trying to believe them all, will cost you much more than just not doing so.
This assumes pure "afterlife" expected probabilistic value - I'm ignoring societal pressures which would eliminate this problem of many Gods/afterlife and replace it with "Believe in what we do - or die!". Then it's not Pascal's wager any more - it's believe or die because others force you to.
Why do you trust sense-data to be real? Brains in vats, holosuites, yada-yada ...
By that definition reality is completely subjective which rather plays towards my point.
You find the axiomatic basis of scientific understanding to not belong to "practical knowledge". Or that the axiomatic nature of standard logics is not practical? So basically all of physical science, mathematics, logic, ... understanding the epistemological basis of these things is impractical? Because? On such a position theoretical physics would seem to be 'impractical' and not something to concern ourselves [humankind] with - the advances in theoretical physics in the last century or so have worked themselves in to almost all areas of modern 'Western' life.
And we do agree that reality is subjective; it's just that if a facet of reality is only perceived by a small fraction of the population, its value is insignificant to most. The value of reality is in its adoption as a foundation for communication.
Simple example that many people use day-to-day is relativity and GPS (eg http://www.astronomy.ohio-state.edu/~pogge/Ast162/Unit5/gps.... <- that's just the first likely looking Google result for GPS+relativity, feel free to look for yourself).
I guess things like transistors, fibre optics, nuclear power, and lasers are so far removed from everyday life that theoretical physics simply has no application to reality. /sarcasm