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Some things I can see failing even at 99%. In real life there are some things that have a margin of error even though you've done it hundreds of times.
Cooking, for example. Even though I've prepared the same dish to eat over and over, I've also messed it up during preparation and had to throw it out because of some small mistake. (i.e: miscalculating measurements or forgetting something, hence the 1% error) So, that's where I can see the 1% coming into play.
But, sometimes it comes in to play way too often. Most people refer to that as bad luck and it's hard to tell if it truly is bad luck or if the percentages aren't really as they seem to be.