He (David Spiegelhalter, a University of Cambridge mathematician) points to eating bacon as a good test of statistical risk.
Scientists will tell you that eating a big serving of bacon every day will boost your colon cancer risk by a whopping 20 percent. But a 20 percent boost, in absolute terms, means your lifetime risk of developing colon cancer rises to 6 percent from 5 percent. For someone who adores bacon, that might be a risk worth taking
If this is true, then eating bacon for a whole day once a year must be a miniscule addition to your health risks! Even the guys who did the bacon challenge haven't had that much of an increased risk. I love math!!! Okay so there may be other reasons not to eat it as much as one may desire, but at least now we know that it might not be as bad as once thought.
Enjoy, (and now guilt free)
Alexa and the Bacon Boys