> Doesn’t change the fact that each coin toss is still 50/50.

That assumes a fair coin. The fact is you don't know what the odds were of getting heads or tails for that particular coin, all you know is that you got 3/4 heads. And in this analogy, a few hundred coins have every been made, in maybe a dozen styles, none of which have been fair, so you have no good reason to believe that this particular coin should have 50/50 odds of landing heads up.