I thought a little more on this. Someone had mentioned the timing factor of luck and that is huge.
People talk about the 'long run' things working out. Well, sometimes there isn't a 'long run'. Without getting into too much detail (TP will know the hand i am talking about) - i lost a coinflip (my AK vs 10s) that will probably be the biggest coinflip hand i lose, ever.
Now, 'long term' - i might win the next 10 hands i get it in with AK vs 10s. But, that will not make up for the coinflip hand i lost in terms of importance. The math itself will work out and i will win and lose my fair share of AK vs 10s hands. But the luck factor comes into play because of the timing of me being 'unlucky' (or not lucky - depending on your point of view).
Look at some WSOP champions. They got on hot streaks, lucky streaks if you will, and became world champions. Sure, 'long term' their luck will change and they will lose their fair share of hands. But, so what? They were lucky when they needed to be.
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