This is the recommended choice for small divisions (6 teams or less), or divisions where all teams are theoretically equal in skill level and there are enough games in the season for every team to play every other team. There is also a scheduling option for round robin divisions which essentially splits the division in half, if there are only enough games for each team to play half of the other teams.
Division standings are based on win/loss record.
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The Wager ratings calculator is the current recommended choice.
This uses a wagering system, where the final score determines the total amount of the pot. It's based around a winning score of 15 points and tweaked to produce the same ratings change for similar point differentials for higher/lower final scores.
Each team contributes a percentage of the pot based on their expected chance to win. The losing team always takes away the same number of rating points as their game points, while the winning team takes away the remainder.
Thus, the point differential change amounts to:
(total_pot - loser_score - winner_wager)
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