The folks over at Great White North (GWN) has a ranking system that they have developed to encompass North American DB Teams. Appropriately named Major League Dragon Boat (MLDB) (I love the name! haha)
Their methodology of creating the MLDB is explained below
(Copy pasted from their site:
http://www.gwndragonboat.com/Default.asp?id=129&l=1)
The GWN Crew Rankings are the most comprehensive ranking system in North America. With the goal of incorporating a full compliment of festivals across North America, the system has been designed to take into account such factors as water depth and actual course length.
Festival Inclusion
Festivals are included based on a one-year rolling calendar. For example, once the current years event occurs, the previous years event will be removed. When a festival is included in an event, all races are factored in.
Distance Conversion
Each race course is a different distance. In order to properly compare results from different events, a formula is used to convert all times to 500 meter times. Assuming that a boat reaches full speed by the 50 meter mark and using an average speed for the remainder of the race, conversion of different distances to provide 500 meter times is possible. At GWN events and GWN client events, the distances used are based on GPS readings taken by staff during course installation.
Water Depth
Based on actual water depths, a formula has been developed to adjust final times. This has enabled the System to compare times of both equal distance and depth.
Average Time
Crews are ranked by average time based on calculated times using the above mentioned formulas.
Ranking Updates
Rankings will be updated at minimum on a monthly basis throughout the season. As 2009 will be the first full year using the system, many new events will be added to the system. It is our goal to include over 50 events by the end of the 2009 season.
To me, this is UBER cool, I mean its not the best rating system that can be used (using time averages), but props to putting time in to sorting the data for all 720 teams.
Here's this month's updated MLDB rankings:
http://www.gwndragonboat.com/pub/docs/Ranking%20System_08_01_09.pdfp.s: I still prefer DBW's ranking system better (You move up by beating the teams ahead of you)