Defense-Independent Component ERA (DICE) is a 21st-century variation on Component ERA, one of an increasing number of baseball sabermetrics that fall under the umbrella of defense independent pitching statistics. DICE was created by Clay Dreslough in 2001. The formula for Defense-Independent Component ERA (DICE) is: In that equation, "HR" is home runs, "BB" is walks, "HBP" is hit batters, "K" is strikeouts, and "IP" is innings pitched. That equation gives a number that is better at predicting a pitcher's ERA in the following year than the pitcher's actual ERA in the current year.