Recently there have been some threads in which the luck factor has been mentioned. I thought you might be interested in this article from the Wall Street Journal, in which the Luck Factor in baseball is discussed and even measured.
Luck appears to be a bigger factor in baseball than I realized, and perhaps by extension may be a bigger factor in various pool games than we give it credit for.
Anyway, it's food for thought for the statistics gurus out there! 
Baseball Confronts The Luck Factor
The Wall Street Journal Online
By Russell Adams
Is that team good -- or just lucky? Using research on randomness that's shaking up other fields, number-crunchers say they can answer the question.
Melky Cabrera, a highly touted 21-year-old outfielder for the New York Yankees, started off the season well, batting over .300 through early June. Now he is in a slump, hitting .189 in his last 10 games. For fans and the Yankees, the question is simple: How much of the rookie's impressive start was dumb luck?
A lot of it, according to some baseball number-crunchers. Using new statistical methods, they calculated that the equivalent of one in four of Mr. Cabrera's early-season hits resulted from chance, not skill. Subtracting out good luck, his early season batting average should have been .231 -- nearly 80 points lower than what showed up in the box scores.
Even in the numbers-obsessed world of sports, baseball has stood out for its efforts to track all aspects of the game. Now its fanatic record-keepers are on a quest to quantify something seemingly beyond measurement: the ethereal quality of luck. They're using insights into randomness that are shaking up other fields, from cancer research to weapons testing -- and that may even help you pick a good mutual fund.
By tallying minute details about every hit ball, statistics gurus say they can compute how much of a player's accomplishments stem from random factors. The results could affect which free agents should get top dollar after a great season and suggest which teams are likely to hold up in the pennant race.
In this alternate universe, where luck is taken out of the picture, the first-place Boston Red Sox would trail both the Yankees and the Toronto
Blue Jays. Fans of the Cleveland Indians, now stuck in fourth place in their division, would still have playoff hopes. And the Seattle Mariners' Ichiro Suzuki, one of the American League's leading hitters, would be struggling with a below-.300 average.
Most teams are tight-lipped about their use of luck-related statistics, but baseball executives acknowledge that it's becoming part of the decision-making process. Teams including the Red Sox, Indians and Oakland Athletics say they seek to weed out random factors in assessing players.
For the San Diego Padres, currently leading the National League West, measuring randomness will help guide critical decisions as baseball's July 31 trade deadline approaches. Among other things, the Padres use a method to calculate a statistic known as EOPS, which is a combination of a player's expected on-base percentage (the percentage of his at-bats he gets on base safely other than through errors or a fielder's choice) and his slugging percentage (a measure of batting average that gives more weight to extra base hits).
Before the Padres consider spending to beef up their lineup, they want to understand whether their division-leading season is more than just a fluke. "It's important to know: Are we for real or are we lucky?" says Kevin Towers, the team's general manager.
Here's the link for the article: http://biz.yahoo.com/weekend/bluck_1.html
Luck appears to be a bigger factor in baseball than I realized, and perhaps by extension may be a bigger factor in various pool games than we give it credit for.
Baseball Confronts The Luck Factor
The Wall Street Journal Online
By Russell Adams
Is that team good -- or just lucky? Using research on randomness that's shaking up other fields, number-crunchers say they can answer the question.
Melky Cabrera, a highly touted 21-year-old outfielder for the New York Yankees, started off the season well, batting over .300 through early June. Now he is in a slump, hitting .189 in his last 10 games. For fans and the Yankees, the question is simple: How much of the rookie's impressive start was dumb luck?
A lot of it, according to some baseball number-crunchers. Using new statistical methods, they calculated that the equivalent of one in four of Mr. Cabrera's early-season hits resulted from chance, not skill. Subtracting out good luck, his early season batting average should have been .231 -- nearly 80 points lower than what showed up in the box scores.
Even in the numbers-obsessed world of sports, baseball has stood out for its efforts to track all aspects of the game. Now its fanatic record-keepers are on a quest to quantify something seemingly beyond measurement: the ethereal quality of luck. They're using insights into randomness that are shaking up other fields, from cancer research to weapons testing -- and that may even help you pick a good mutual fund.
By tallying minute details about every hit ball, statistics gurus say they can compute how much of a player's accomplishments stem from random factors. The results could affect which free agents should get top dollar after a great season and suggest which teams are likely to hold up in the pennant race.
In this alternate universe, where luck is taken out of the picture, the first-place Boston Red Sox would trail both the Yankees and the Toronto
Blue Jays. Fans of the Cleveland Indians, now stuck in fourth place in their division, would still have playoff hopes. And the Seattle Mariners' Ichiro Suzuki, one of the American League's leading hitters, would be struggling with a below-.300 average.
Most teams are tight-lipped about their use of luck-related statistics, but baseball executives acknowledge that it's becoming part of the decision-making process. Teams including the Red Sox, Indians and Oakland Athletics say they seek to weed out random factors in assessing players.
For the San Diego Padres, currently leading the National League West, measuring randomness will help guide critical decisions as baseball's July 31 trade deadline approaches. Among other things, the Padres use a method to calculate a statistic known as EOPS, which is a combination of a player's expected on-base percentage (the percentage of his at-bats he gets on base safely other than through errors or a fielder's choice) and his slugging percentage (a measure of batting average that gives more weight to extra base hits).
Before the Padres consider spending to beef up their lineup, they want to understand whether their division-leading season is more than just a fluke. "It's important to know: Are we for real or are we lucky?" says Kevin Towers, the team's general manager.
Here's the link for the article: http://biz.yahoo.com/weekend/bluck_1.html