re: What does bunting with two outs and runner on third equate to in football?

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It equates to running the ball on 3rd and 14 hoping to surprise the defense. It works one in every 20 times

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We previously found that teams run the ball on approximately 17% of third-and-long plays. [They define this as 15 yards or more by the way] In 2018, the average rush attempt gained 4.4 yards, so you might guess that running the ball is generally unsuccessful on third-and-long. You would be correct. The first down rate on long-yardage third down rushes is just 5.50% — worse than a screen pass in the same situation.

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