First step: you are choosing one option from all available choices. Second step: you are now betting whether your original choice was the correct one.
By consciously narrowing down all the remaining options to one, the host is essentially asking you: "Do you think you guessed right?" As long as there are more than two available options at the start, the odds are greater than you guessed wrong.
As others have said, the important dynamic here is that the host _knows_ where the prize is and proceeds to open all the other doors, leaving only yours and one remaining closed. That remaining door then symbolizes an aggregate of all the doors you didn't select.