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Pythagorean Theorem - (James)
As anyone might surmise, there is a strong correlation between runs scored/runs allowed and wins/losses. This equation expresses that correlation reasonably accurately. Rarely do teams exceed or subordinate the theorem by more than 3 wins. When they do, it's usually due to either luck or the bullpen, which in baseball terms, are sometimes synonymous. Anyway, the equation is: (runs scored * runs scored)/((runs scored * runs scored) + (runs allowed * runs allowed)) The result will give you the team's winning percentage, or at least what it should be based on how many runs they've scored and allowed.
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