Wales have lost their past 33 matches against New Zealand since the previous victory 72 years ago.
Steve Tandy’s side are ranked 12th in the world and the All Blacks 10 places higher, so ending that losing streak is very improbable.
“I think Wales have always been massive underdogs in any kind of international Test match against a team like New Zealand,” said Lake.
“It’s always been loved by us being underdogs, kind of not being given a chance, I suppose.
“It’s about going out there and doing everything we can to win, because ultimately that is what we want.”
Lock Dafydd Jenkins has this week stated the squad believe they can win and Lake says that sentiment has to be shared by the home side.
“We wouldn’t be here if we didn’t think we could win,” Lake told BBC Radio Cymru.
“There’s no point being in the building if we thought we couldn’t win.
“We’re excited about the challenge that is coming, but we’re confident also that we have enough to take it to them too.”
