Loading the player... A business is an organization or enterprising entity engaged in commercial, industrial or professional activities. A company transacts business activities through the production of a good, offering of a service or retailing of already manufactured products.
The Elo rating system is a method for calculating the relative skill levels of players in two-player games such as chess and Go. Elo is often written in capital letters (ELO), but it is not an acronym. It is the family name of the system's creator, Arpad Elo (1903â1992), a Hungarian-born American physics professor. Elo was originally invented as an improved chess rating system although it is used in many games today.
If you have a team of ELO of say 1000 and you beat someone with ELO 1500 you gain a lot of ELO. If you beat some team with an ELO of 800 you are clearly better than them so you would be expected to win-because of this you would gain less ELO. ELO is hidden for all but the top players.