My NFL team rating system is based on a somewhat simple ranking formula I use, but, I think it looks at the key factors (wins, offensive and defensive points, and some strength of schedule):
I rank the teams 1-20th place in 5 categories:
1. Winning Pct.
2. Points for per game
3. Points against per game
4. PF-PA per game
5. "Weighted Winning Pct." (Teams get the wins of the teams they beat added to their wins column, and the losses of the teams they lost to in their losses column, to determine this pct.)
In each category, the top team gets 20 pts, 2nd gets 19, etc. The bottom 12 get 0 points. Tie's split all points for the places they take up (e.g., a 3-way tie at 3rd, each team would get 17 points - splitting the 18,17,and 16 point positions equally).
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