This is what we call as a gambler's fallacies because most people think that with 98 % chance to win they will get 2 loses every 100 bets and so on while in fact that every bet is dependant and you will always get 50 % chance to either win or lose . It is highly unlikely but it is possible that there will be 50 loses or more in a 98 % chance however the probability for it to happen is close to zero ( but that doesnt mean that it is zero probability to happen )
Well gambler's fallacy is not exactly that, it's more like someone bets on red and after 10 reds in a row he thinks there is more possibilities of getting a black
when in fact they are the same, always no matter what.
Im stating another example of it and if you hasnt realized my main point yet , I bolded them anyway. The main point of a gambler's fallacy is that people think that there is a possibility of X happening after Y or that X will happen because it is suppose to happen (math calculations) while in fact that each bet is dependant
Nothing to argue here, merely a different example about it I supposed, atleast this is what most gamblers fall through I supposed
P.S : I could be wrong on this