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Having the break is an advantage to winning the rack. Alternate break formats will result in the weaker player having more chances to break than winner break. Thus, the best model factors in knowledge of who broke the balls. In tournaments with an alternate break format, the ratings produced would be more tightly grouped than those with winner break formats.
Just some perspective here. Let's think about the support for the claim having the break is an advantage to winning the rack. Correct me if I'm wrong, but I believe it comes from the ATLARGE here, who wonderfully documents streamed matches in major professional tournaments. I believe he finds breaker won the game maybe 55-60% of the time. Is that right? Importantly, the data comes not only from the most elite tournaments but from the most elite matches within the most elite tournaments.
The plot below shows the most recent 10,000 matches that went into FargoRate (hundreds of tournaments played in the last week). The matches are sorted by the rating of the higher-rated player in the match. Only the matches in the far right bin have players who even might be included in ATLARGE's analyses.
In my pool room in Fargo, we had in ten years about 300,000 alternate break 8-Ball league games. From the same population of players we had about 100,000 winner-break 8-Ball games in our weekly 8-Ball tournament. Both league and tournament games might have been about 10% single inning games. We have failed to detect a difference. That means any difference is smaller than the noise in the data. We also can't detect a difference in other places we've looked (Turning Stone vs International Open as one example brought up earlier)
There is another issue that doesn't affect Fargo Ratings that is often confused with the one you raise, and that is that AB leads to less volatility in the match scores than WB. This leads people to conclude, incorrectly, that AB matches are more closely contested. That's an illusion though. Consider Gorst and Filler playing 30 9-Ball races to 10 with template rack and 4.5" pockets.
AB: match count would be about 15 to 15, and because there are many 10-9 and 10-8 scores, game count in the end might be 280 to 280
WB: match count would be about 15 to 15, and because there are many 10-0 and 10-1 scores, game count in the end might be 220 to 220
So though the scores are tightened up with AB, that doesn't mean the matches are tightened up competitively. If Gorst has an 8-6 lead here with AB, that's pretty much insurmountable. Even an uncharacteristic mistake or a cueball getting kicked in on the break probably won't turn things around. With WB, though, Gorst is one weak safety away from losing this match.