That's not really true, to draw to a flush you're typically looking at 4:1 odds, if there aren't too many people in the pot you should be able to give draws pretty bad odds, how many people bet more than pot size to drive out draws in NL?
"[This theory] is only useful for helping to calculate your luck odds. If you have a good read that you have a numerical advantage against your opponent, that your hand is "luckier"..."