i kinda agree, but it does give some guideline.
i usually compare it to a poker hand. for example when you hold AA and face KK. you have 80 % chance of winning the hand. just like when you compare a high player (example: 312) vs a low player (example: 493227). you can expect the player ranked 312 is the best of the two. but like usual, the player 312, might have had a lucky streak. or player 493227, might be a 1000nl crusher that decided to start on this site this morning. of course i’m giving extreme examples, but teh same theory applies to common examples as well.
long story short: the player ranked 312 is usually better, but it doesn’t give any proof he actually is.
but on the other hand, when you play AA vs KK 10000 times at each other. you are sure you gonna have big profits, purely because the variance is almost filtered out because you are looking at long term results.
but when you do the same with rankings, and put the top 1-1000 vs . the top 834000-835000, you’ll gonna have the same results.
completely agreed, but a while ago sassy sarah and me gave it a try anyway.
obviously a perfect system will never exist, but i do think both formula’s are good enough.
here are both links:
http://forums.replaypoker.com/t/new-player-ranking-calculation/5490
http://forums.replaypoker.com/t/another-player-ranking-calculation/6219
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hope this helps,
yiazmat.