How does the rating system work?
The rating system is a tool used by LabX buyers and sellers to evaluate transactions completed during LabAuction sales. Ratings indicate valuable feedback for the LabX community that can provide insight into dealing with unknown buyers or sellers. Rating evaluations are based on various criteria ranging from: delivery time, packaging, courtesy, as well as overall willingness to repeat business again. The rating scale permits these criteria to be evaluated on a 0 to 5 scale (5 being an excellent experience). The average of all ratings creates the “overall” rating for that buyer or seller. A Seller’s rating is displayed with their ads, while a buyer’s rating is available by clicking on the “handle/user name” of an active bidder in the “Bid History” box.
Rating changes depend only on whether the match result was a victory, a defeat or a draw. Like in any ELO system, how many points you gain after a win (or lose after a defeat) depends on the rating difference between you and your opponent before the match. The ELO formula is very complicated, but the following easy examples will give you a good idea: • Beating an opponent with the exact same rating gets you 60 points. • The maximum amount of points you can win for a single victory is 120, but to get this many points you’ll have to beat an opponent who is 700 or more points ahead of you in the ranking. You already get a 100 points for beating an opponent who is 200 points ahead though. • Beating lower ranked opponents gets you less than 60 points of course. If they were 200 points below you you only gain 20 points, if they were 300 points below you only 10 points, and if they were 400 points below you get a mere 5 points. • The number of points you can win and the number of points you c
