In a companion article dedicated to the enumeration aspects, we showed how to obtain closed form formulas for the generating functions of walks, bridges, meanders, and excursions avoiding any fixed word (a pattern p). The autocorrelation polynomial of this forbidden pattern p (as introduced by Guibas and Odlyzko in 1981, in the context of regular expressions) plays a crucial role. In this article, we get the asymptotics of these walks. We also introduce a trivariate generating function (length, final altitude, number of occurrences of p), for which we derive a closed form. We prove that the number of occurrences of p is normally distributed: This is what Flajolet and Sedgewick call an instance of Borges\u27s theorem. We thus extend and refi...