Re: bad beats?
I think all he was saying was that bad players play the same hands good players play -- and so experience the same bad beats on those hands -- as well as all the crappy hands that the good players don't play.
The counterargument would be that the bad players don't play the good hands as well as the good players do, reducing their expectation and also the extent to which the beats on those hands are "bad".
'hoof
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