Let's talk about standard deviation,
shall we? The short-run
fluctuations of expected casino game results are referred
to by mathematicians as standard deviation. For the
purposes of online casino gambling, you could say that
standard deviation is the probability of your short-term
gaming results falling in line with the prediction of
probability.
Not to get too technical on you (because
there is no point in doing so anyways), let's just say
that standard deviation is a correlation between the
number of bets and the prediction of probability. The more
hands you have played, the smaller the standard deviation.
Another way of putting it would be that the more time you
spend gambling, the closer the expected game results will
fall in line with the predictions of probability.
In a
short time span, the deviations in game results can be
very great - either for the better or the worse. When
there is a fluctuation of wins, we often call this a run
of good luck. When there is a fluctuation of losses, we
often call this a run of bad luck. In actuality, good luck
and bad luck has nothing to do with it, albeit these terms
make for convenient labels. This is the sense in which the
terms "good luck" and "bad luck" is commonly used these
days.
And while it is fine to casually refer to your
playing sessions in the online casinos as being "lucky" or
"not lucky", always try to remember the lesson of standard
deviation. The longer time you spend gambling in the
casinos, "luck" becomes less important of a factor. On the
contrary, more weight should be given to the mathematics
of basic
probability.