RE24 is quite straightforward to use for hitters if you are already knowledgeable about runs above average numbers like wRAA. With league typical set to zero, any positive value is that lots of runs above average and some other negative value is that lots of runs under average. RE24 comprises batting and between at bat baserunning (stolen base, wild pitches, etc), so if a participant has 30.5 RE24, so they had been about 30 runs better than the average player could have been if given the very same chances. Each win is worth between 9 and 10 runs based on the year, which means you can convert RE24 into wins by dividing it from that year’s runs each win. On FanGraphswe predict this REW rather than RE24.
Remember that RE24 is supplying you with context adjusted runs, so when looking at this particular statistic you are measuring a player’s operation below or above average given the context in which they have been placed. If you want to compare their context neutral stats with their context adjusted stats, then an easy trick is to compare RE24 to Batting Runs plus wSB (or OFF minus UBR). This will allow you to observe how well or badly timed a hitter’s performance has been, but keep in mind, context dependent numbers are less predictive of future performance than circumstance neutral ones.
For pitchers, utilizing RE24 from the speech of RA9 or ERA is somewhat trickier. You could simply learn to think in terms of runs above average for pitchers like you do for hitters, however, the alternative is to consider about 0.46 runs each inning and subtract the pitcher’s RE24 total to view it in terms of runs allowed. Then if you handle that new number as conducts allowed and multiply be 9 and divide by innings pitcher, you’ll wind up with something akin to RE24 on a 9 inning scale. Remember that RE24 is based on the run environment and park so this won’t be ideal. Remember also that while allowing runs is poor, a favorable RE24 is great since it’s a measure of runs better than average for pitchers. For starters, you will not typically see dramatic differences, but for relievers you might.
Additionally, while RE24 controls for workouts and baserunner placement, it doesn’t make any adjustments based on the score of this match and also the inning, meaning that a bases loaded situation will be exactly the same if the score is tied in the ninth inning or if the difference is seven runs in the fourth. In other words, while it controls for the probable amount of runs, it does not control for how important those runs might be from the context of the game. RE24 also doesn’t incorporate any defensive value. All offensive events visit the hitter (or baserunner on steals) and most of defensive events are imputed to the pitcher. So while you can swap in RE24 to get Batting Runs + wSB, you cannot look at a player’s RE24-Wins and telephone that WAR because it doesn’t incorporate all baserunning, any defense, any positional adjustment, or replacement level.