When I wake up in the morning my battery is at 100% but drains really fast throughout the day. Sometimes it says that it's dead and then when I put it on the charger it actually has 40-ish percent. It's just very inaccurate. How do I fix this?
That is a 4 year old device, the symptoms you describe are typical for bad batteries. Dying batteries may appear to charge and discharge quickly, have percentages that appear to go up or down without charging or with very limited use, the device may turn off at random percentages above 15%. You could try calibrating the battery meter of the device. The procedure may be different for each device but for most that I've seen it is to charge the device to what is believed to be a full charge, then power off the device normally. With the device off, press and hold the volume buttons for up and down while holding the power button for 30 seconds to 1 minute. The device will power on and off several times. After a minute try powering on the device normally and monitor your use for a cycle. If the issues return or continue, it's probably time for a new battery.
I'd like to find out what the calibrating procedure for the Gear S3, but unfortunately your method is more for phones.