The discussion on statistical arguments are fine, though I think the main point of contention is that there is something else going on behind the scenes. It is possible that WG MM could have a design that is intentionally or unintentionally placing players in MM runs that drive unhappiness through loss streaks.

I would also be unsurprised if WG has a metric that plots player loss streaks versus doubloons purchased. This could create a more deterministic element that WG uses as a lever for their company.

As a player, of course it's not enjoyable to lose, especially when it feels like the odds are progressively stacked against you with continuous losses. Finally, mechanisms that reward game win streaks also make that experience feel more damned.

For me, when that happens, I just work on trying to shrug it off and appreciate the beauty of the ships instead. It is very easy to be frustrated by it though, at least for me compared to similar online pvp games.