Czech,
Your observations about statistical truths are correct. But I think you are nonetheless being deliberately dense about the points I am making.
I agree that anyone mining 1 std dev trends and betting them is a fool. But there is more going on here. The corroboration of FG%, 3FG% and FT% is meaningful. And the new rims are meaningful. It's a situation where statistics used as a tool for persuasion is weak, but used as a tool for understanding, it is useful.
The changed relationship between mean and median is very, very interesting. I haven't posted much on this and I don't fully understand it. My hunch is that this will be key to having an opportunity with totals awhile longer than otherwise.
My point about betting 1 std dev events is not that there is some sort of "momentum" involved. Rather, by the time you find real trends with stronger statistical support, the market has already reacted and the apparent betting opportunities are gone. It is easy to say "small sample size," but I see precious few examples of people actually calculating how small a sample is. I believe the best opportunities arise when the sample is small enough that the statistical conclusions are weak, but large enough that the conclusions are not irrelevant.