The formula for the Fair Ranking System is as follows:
Team's win% X beaten opponents' win % X beaten opponents' of beaten opponents win%= Fair Score.
Games against FCS teams were counted and each FCS team was designated a record of 1-10 in order to give some value to the game. Also, if a FBS team is winless at the end of the season, then their record will still show one win when calculating a team's fair score in order to give value to all wins. Losses of beaten opponents against the team being calculated were not included in the win-loss percentage of beaten opponents.
When I added up all the opponents' win-loss records before converting the fractions to percentages, I noticed other statistical measures to include. I listed the beaten opponents' wins (BOW) and total wins for each team. Total wins consist of the team's wins, beaten opponents' wins, and beaten opponents' of beaten opponents wins.
The full 120 team Fair Standings will be posted on a separate page on College Football Universe. The Preseason Momentum Rankings will be released shortly.