Well, there's always
this page from the BGA wiki ...
Basically, it is a method to rank players, based on a system widely used in the chess community. The average of all players is 1500*. Better players are higher, poorer players lower. At 1600, the person is considered a good player, at 1800 an expert, and at 2000 a master.
*Note -- on this site, the average is probably slightly higher than 1500, as people with low ratings tend to leave. I think. Someone more knowledgeable may wish to confirm or correct that.
If you win a game, you take points from those people you defeated. How many points is determined by what your rankings were before the game -- a person with a low rating beating a person with a high ranking will see more points transferred than a person with a high ranking beating a person with a low ranking.
This system was developed for the chess world, and has some quirks with this site. Chess is a 2-player game, whereas many games on this site have more players. In this case, it is evaluated as if several 2-player games were done at once. For example, Alice, Bob, Cindy, and Dave all play a game together. Conveniently, they come in 1st through 4th in the order listed. The ELO is calculated as the sum of:
Alice beats Bob + Alice beats Cindy + Alice beats Dave
Bob loses to Alice + Bob beats Cindy + Bob beats Dave
Cindy loses to Alice + Cindy loses to Bob + Cindy beats Dave
Dave loses to Alice + Dave loses to Bob + Dave loses to Cindy.
Does this answer what you were wanting? If not, we can try to explain it more.
Or, for real fun, check out the
English Wikipedia page.