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According to The Hardball Times Glossary, the exact formula for BABIP is: (H-HR)/(AB-K-HR+SF).
The major league average for BABIP is usually around .300. In 2009, it was .299. The 2010 season saw the average BABIP fall slightly to .297.
Generally, if a player’s BABIP is well-above the major league average, we can conclude he has experienced some amount of good luck.
However, this is not always true. Some players such as Ichiro Suzuki (career .357) and Joe Mauer (career .344) have a knack for finding holes in the defense, which results in an inflated BABIP...