"Flat" is only a relative term - not absolute. All bullets begin to accelerate downwards due to gravity the instant they leave the muzzle - no exceptions. So the faster a bullet reaches it's target over a given distance, the less drop it will experience. The pull of gravity is the same whether you shoot the bullet horizontally or drop it from your hand and the distance both drop will be the same for any given time interval. Physics, not magic.
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