I feel that you probably underestimate the danger, and therefore warn you again that I can promise you no protection.
( I ( ( feel ( that ( you ( probably ( ( ( ( underestimate ( the danger ) ) , ) and ) ( therefore ( ( ( warn you ) again ) ( that ( I ( can ( ( promise you ) ( no protection ) ) ) ) ) ) ) ) ) ) ) ) . ) )
(ROOT (S (NP (PRP I)) (VP (VBP feel) (SBAR (IN that) (S (NP (PRP you)) (ADVP (RB probably)) (VP (VP (VB underestimate) (NP (DT the) (NN danger))) (, ,) (CC and) (VP (ADVP (RB therefore)) (VB warn) (NP (PRP you)) (ADVP (RB again)) (SBAR (IN that) (S (NP (PRP I)) (VP (MD can) (VP (VB promise) (NP (PRP you)) (NP (DT no) (NN protection))))))))))) (. .)))
You underestimate the probability of us getting caught.
( You ( ( underestimate ( ( the probability ) ( of ( us ( getting caught ) ) ) ) ) . ) )
(ROOT (S (NP (PRP You)) (VP (VBP underestimate) (NP (NP (DT the) (NN probability)) (PP (IN of) (S (NP (PRP us)) (VP (VBG getting) (VP (VBN caught))))))) (. .)))