Use Elo ratings to rank all the teams in a sport such as baseball, football, or basketball, which adjusts the rating in response to each new game outcome. How accurately do these Elo ratings predict the results of future contests?
Statistically we can say ELO are just rating measure of a player (team) based on his/her (team) past games.
Elo rating gives how good a player (team) was in his/her (team) past games But using this ELO we can't accurately predict future games..
But still ELO is a tool to understand the players ability and can be used to improve his/her (team) skills in their respective game in future events..
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