Ranking model released by G7 teams

The G7 teams have released a ranking model starting with the top 10 Counter-Strike 1.6 team.

The G7 teams release this ranking model with the hope of improving electronics sports as a whole. In a statement released by the G7 teams we see clearly what their vision is:

The aim of this model, according to the G7 teams, is to allow organisations to know what is needed at an event to withhold their current ranking, the ability to predict possible outcome, it hopes to create more accurate seeds and finally will clearly show which events are more prestigous.

If the model proves to be successful it will not only help organisations but also betting websites, the players and many other electronic sport-related businesses.

The ranking system works on a point-basis. Teams have a number of points, the team with the most is obviously ranked #1. When the teams attend any event, each team's points are added together which creates the event value. The award system follows with the team winning the tournament getting 45% of the total points, 30% going to 2nd place, 15% to 3rd and 10% to the team ending in 4th. Finally, 8% of a team's points is deducted monthly to avoid inactive teams remaining in the top 10.

To better understand the model a full explanation with examples can be found over on the G7 Teams website.

The current Top 10 is as follows:
Note: Points correct at time of writing.

Rank	Team Name	Total Points
#1	fnatic	390.08
#2	mTw	298.16
#3	SK Gaming	216.31
#4	Made in Brazil	216.02
#5	roccat	164.51
#6	mousesports	162.41
#7	MYM	143.38
#8	emuLate	97.02
#9	aTTaX	83.83
#10	e-STRO	72.12

The ranking system looks fair and solid however will it fail just like the ZoneRank system did which also had the support of the G7 teams? We can only wait and see...