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That's percentage of opponent score?
I've never heard of using that in sports, but I like that it evens the field a bit between good offensive teams and good defensive teams.
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It's calculated as the ratio of points scored by a team (points for) to the points scored against them (points against), expressed as a percentage
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It goes on the points for winning games first but if your even on points it goes to %.
So Collingwood is on top only due to %