(CNN) — Thousands of people gathered Saturday at Gobbler's Knob in Punxsutawney, Pennsylvania, to watch a famous groundhog deliver his highly anticipated forecast.

Punxsutawney Phil emerged from his burrow around 7:30 a.m. ET and did not see his shadow, predicting an early spring for us all.

"Faithful followers, there is no shadow of me and a beautiful spring it shall be," a member of Phil's Inner Circle read from the groundhog's prediction scroll to the cheers and applause from the crowd.

A.J. Dereume holds Punxsutawney Phil after he did not see his shadow Saturday on Groundhog Day. Jeff Swensen/Getty Images

As the legend goes, if Phil sees his shadow, he considers it an "omen" of six more weeks of bad weather and heads back into his hole. If it's cloudy and he doesn't, you can put away that winter coat sooner than expected.

But of course, his predictions aren't always correct.

The groundhog doesn't have the best track record

It's a Groundhog Day tradition that stretches back more than a century. But even though Phil has been in the weather-prediction business for more than 130 years, he doesn't have a stellar track record.

To be fair, it's a pretty tough job. Trying to predict a month and a half of weather for a country with vastly different regional climates is no small feat. Still, you think he'd have the hang of it by now.

In the past decade, Phil has predicted a longer winter seven times and an early spring three times. He was only right about 40% of the time , according to the National Oceanic and Atmospheric Administration, which says the groundhog shows "no predictive skill."

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"You're better off trying to decide what the rest of February and March will look like by flipping a coin," CNN meteorologist Judson Jones said.

But the people who know Phil best don't exactly see it that way.

A.J. Dereume, one of the groundhog's handlers, insists Phil's predictions have a 100% accuracy rate -- they just get lost in translation.

According to lore, the president of the Punxsutawney Groundhog Club is the only person who can interpret Phil's message. So every year, the groundhog sits on his tree stump and conveys his prediction to the club president, who then directs the vice president to read from a scroll that corresponds with the year's forecast.

"Phil is the one deciding whether or not he's seen the shadow," Dereume says. "It's not up to us. All we do is deliver his message."

Either way, human forecasters don't mind having the alternate prediction out there in case their own projections go askew.

"People like to have something to blame for the weather, and the groundhog is the perfect thing to blame," Jones said. "It's better than blaming your meteorologist."

Why a groundhog makes weather predictions

So, why do Americans look to a groundhog for a weather forecast?

The tradition has its roots in a Christian religious holiday called Candlemas Day, dating back to ancient times. It was celebrated midway between the winter solstice and the spring equinox.

Later, people across Europe took their candles to church on February 2 to have them blessed, believing it would bring good tidings through the winter, according to the Punxsutawney Groundhog Club

Over time, the tradition evolved to incorporate weather. A sunny sky on February 2, superstition held, would mean a cold and stormy remainder of winter, while a cloudy sky meant a quicker warm-up.

In Punxsutawney, Pennsylvania, every February 2 people gather at Gobbler's Knob to see if Phil will see his shadow.

When the tradition spread to Germany, a hedgehog -- and its shadow sightings -- joined the mix. And when German settlers arrived in the colonial America, they relied on the more plentiful groundhog to do the work.

Fast-forward to 1887, when an editor of a Punxsutawney newspaper declared Phil America's official weather-predicting groundhog. Newspapers across the country picked up the story, and the tradition caught on.

The ongoing polar vortex

We now know Phil's prediction -- but we also have our doubts. So, what do the experts say the next month or so will actually feel like?

Well, the past week spread record cold across the United States. More than 200 million Americans experienced temperatures below freezing. The polar vortex killed at least 23 people and left others with lasting frostbite injuries.

Next comes the thermal whiplash as the bone-chilling cold is expected to melt away through early next week.