Odds over your lifetime..

[SirFWALGMan]

If you lose 3 80%+ favorite hands in 3 days does that skew your odds over your lifetime? Does Statistical justice come back and let you win 5 80% hands? Hmm. How about if you lose those at key points in time. Do you ever catch back up statistically? Hmmm..

[eejit101]

thats what they say. IMO i dont think so, the hands you will remember losing that you were 80% on will be big ones, and the money you will lose from these beats will far outweigh the money won from the same hand. Then again i may be rong, but i dont think that everything is even, i think the % of bad beats in general will round itself off in my favour, but the strategic timing of the hands is more important.

[Talking Poker]

In the long run, the math will work itself out, but don't think you are "owed" anything or that you are "due" to win five in a row or anything like that. That's not how it works.

[kmb13592]

Agreed. What you are talking about is the same as flipping a coin. The situation you brought up and flipping a coin are both random, and we know the probability of each situation. If you have only been in the situation like 10 times, or if you only flip a coin 10 times the results may not be near the actual probability, but as you play more hands (or flip the coin more times), then you will eventually get closer to the expected value and things will even out.

[MAYHEM45]

The exact term according to engineering stats for this is called Gamblers Fallacy.