What I find amusing about this entire debate (and this is typical of most arguments on the internet) is that you are so completely sure of your own correctness that you are unwilling to stop for a moment and even think about the possibility that someone in the world might have a better understanding of the subject than you do. If there is a more certain sign of ignorance in this world, I don't know it.
You are convinced that you are right and I am a moron. I will not attempt to dissuade your opinion on that. I am secure enough with myself that I truly don't care.
I have considered the argument against me, and though it is louder and more commonly held, it is most certainly not true. There are no such things as independent events. If a butterfly flaps its wings in china....
The point is, the entire debate is quite irrelevant to the great general discussion. Since you are unlikely to have 51 Warlords with which to test, I hardly see where it matters. Of course a warlord can lose a battle 5 times in a row with 98% odds. But if the odds are truly 98%, it is very unlikely. I think more likely there is a flaw in the odds calculator, or people are tending to remember the bad more than the good.