The 12-team College Football Playoff model offers wiggle room never before seen for teams vying for a national championship. But that margin of error may not be as wide as originally thought. According to ESPN’s Rece Davis during the College GameDay Podcast — three losses means you’re likely out of the playoff. CLICK HERE to go to PrizePicks and use code ON3 to receive a guaranteed $50 once you play $5 in lineups! “I thought, and it has been the wrongest of wrong predictions ever, when I pulled Kansas out from the Big 12. I thought the three-loss team would come from the Big 12,” Davis told co…