My whole "shoots straight at a mile" thing comes from what I've heard. I've never actually analyzed a barrett .50 cal flight path over one mile.
What I'm saying is that when a bullet leaves the barrel of most rifles (and this is debatable too....not calling it fact) it rises. And this is not proven....some people argue that the bullet immediately starts to fall as soon as it leaves the barrel. Some people say it rises as much as 7 inches and gravity (and other things of course....losing velocity....air friction...etc.) cause the bullet to fall to where the shooter is aiming. For a m-16 or m-4 300 meters is the standard....if the shooter aims at the head of the target....at some point (some say around halfway) the bullet is actually a couple inches over the targets head.
With the .50 cal....(again...what I've heard) this is not the case. The bullet's rise out of the barrel is not nearly as noticable. Some even say that there is no rise....hence my "shoots dead straight" line.
But...there is no bullet that defies gravity. Gravity will always win.