Several years ago, [b:64195abeec]luckyman [/b:64195abeec]made the following point:
[i:64195abeec][color=darkblue:64195abeec]In an high-offense environment, OBP and walks, in particular, have much higher value. As a thought experiment, consider a game where 100 runs are scored. In that sort of a game, hitting a homerun doesn't make much difference, but every out is critical.
Thus if you were building a team for Coors Field, you are better off paying for walks that extra ballpark homeruns.[/color:64195abeec][/i:64195abeec]
The flip side of that argument, is that in a low-run environment, walks are worth a lot less. Here's a team that tested that argument:
http://fantasygames.sportingnews.com/stratomatic/team/team_other.html?user_id=247593
My team gave away 768 walks, but most of those runners were stranded as my pitching staff held opponents to a measly .221 BA.
This was a no-DH league where teams averaged only [b:64195abeec]663 [/b:64195abeec]runs scored for the entire season. In a higher scoring environment, I suspect this team would not have been nearly as successful.
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