Dead Comment
Feel for Frank, but this wasn't the top clubs & best players playing in the Premier League.
If heads and tails play many games against each other, then the probability for tails to win the overall "tournament" goes to 1. But football is a sport of relatively few games in cup tournaments and low scores (this relatively high variance). This is very conducive to upsets even if we assume perfectly independent probabilities.
Compare to Basketball play offs, with best of 7 Series and on the order of 100 "goals" per game.
That's maybe why in football the league title is more prestigious than the cups, while in basketball the regular season is not considered anywhere near as important as the play offs.
Tell that to supporters of Scottish Cup Winners 2024/25 Aberdeen FC (I am a supporter of Scottish Cup Winners 2024/25 Aberdeen FC) :D
You can compare it to how it is done in medicine. Imagine a match between a drug and migraine. Would we only do a single test to determine if the drug "wins" against migraine? Of course not. We do many tests and determine a p-value. We can do the same thing in soccer.
Now, of course we cannot do this in a real tournament (it would take too long), but we can draw conclusions from such a test, or several such tests.
What is really interesting and far more worth studying is that there are some very fun outliers - clubs like Bodø/Glimt who have a miniscule annual budget but have overperformed in European competition in recent years. They reached the semi-finals of the Europa League - beating Lazio, Olympiacos, Porto along the way - and in previous years have had similarly deep runs where they battered Roma 6-1 and beat Besiktas and Celtic both home and away. All of the teams I mentioned Bodo/Glimr defeating will have an annual budget that is 10 time theirs (or more) and will frequently make high profile international signings, while Bodo spend frugally and have a predominantly (if not all) domestic squad.
I mentioned Manchester United and Tottenham - they're also outliers worth studying, but in another way. They were both utterly woeful in the league last season despite having astronomical budgets.
If you can crack what causes a Bodø/Glimt, a Manchester United or a Tottenham then you'd be a very valuable addition to the backroom staff of any football club with a desire to punch above their weight...
The Premier League & the Champions League are money spinning ventures for a reason.
What you say still happens in International Cricket, but not usually for club tournaments like The 100 or the Indian Premier League.
The code is a mouse wheel scroll down.