I'm of the belief it does. In the past, I've kicked a 52 yard field goal, never lowered the arrow, and missed by about 5 yards short of the goal post. Another field goal from 52 yards, I lowered the arrow as far as I could, nailed it with 5-7 yards to spare. No wind on either kick, so that didn't help or hinder the kicks. Only thing that changed was me lowering the arrow before the kick.