Yes, the general principle holds true – the bigger the average price, the longer the potential losing run.
Providing you’re betting with a profitable edge in the first place its just a question of how the cookie crumbles when it comes to winning and losing sequences. If you’re not betting with a profitable edge, then I’m afraid losing runs are simply down to poor judgement.
I’ve been saying for a while now that SOTD is due a downturn in results (i.e. a losing run). This is because of the very reason that I outlined in my example in that probability and the law of averages will eventually even things out to produce more representative long term returns.