Yes, it happens. I remember fishing in my mother's lake, getting about 10 blowups while she was on the patio watching and she said "you missed again"
Sometimes its wayyyyyy too fast of a hookset from excitement, the bass never has the bait to begin with, small fish, the cover was too thick etc.
I've had times the bass misses the whole bait and it was sitting still and I think to myself this fish isn't too smart if its missing real meals in that manner.
But they days when everything is right and you do it right..... you do it right!