How is the BCS calculated?
The BCS formula is comprised by 5 components. The average ranking in the AP and ESPN coach's poll, an average ranking of the best six of seven compter polls, the number of losses, a strength of schedule (SOS) factor, and a quality wins (QW) factor.
Desciptions of the most computer polls can be found at these sites:
Kenneth Massey  
Jeff Sagarin
 
Wes Colley
 
NY Times
The highest compter ranking is dropped and the remaining six are averaged. For 20002 the BCS committee has asked all the comptuer polls to eliminate the margin of victory from their polls.
QW points are awarded for victories over teams ranked in the top ten of BCS poll. A victory over the top ranked team is worth 1 point, 0.9 points for the #2 team, etc. down to 0.1 point for a win over the tenth ranked team. QW points are dynamic and change as a team moves up or down the rankings from week to week. The first four factors are added together and the QW component is substratced from this total. Should the correction for QWs change the ranking of teams in the top ten, the QW bonus points are not recalculated.
The SOS is a weighted average of 2/3 the winning percentage of a team's opponents and 1/3 the winning percentage of the opponent's opponents.
Thus SOS = 2/3*(OpW)/(OpW+OpL) + 1/3*(OpOpW)/(OpOpW + OpOpL) where:
A team's win over an opponent does not get added into the sum of its opponents losses and vise versa. Wins over Div1AA teams do not count but losses do. Victories by Div1AA teams over other Div1AA teams are also discarded but the losses count. Games between Div1AA teams and DivII teams are discarded altogether.
Two polls from 2001 were dropped when their creators, David Rothman's and Herman Matthew's, refused to eliminate MOV. The NY Times computer poll was added after being dropped after the 2000 season.
The quality win component will be narrowed from wins over teams in the top 15 of the BCS rankings to teams in the top 10.
In response to college football’s increase to a 12-game regular-season schedule, the requirement for consideration as an at-large team will be a 9-3 record and a top-12 ranking in the BCS standings.
In the unlikely event of a tie in the standings at the conclusion of the regular season, the tie-breaking components, in order, will be: head-to-head results; a win against the highest ranked team in the BCS top 25 poll; and strength of schedule component as contained in the BCS ratings formula.
Computer Polls
Richard Billinsley  
Anderson/Seattle Times  
Peter Wolfe
Quality Wins
The Strength of Schedule is calculated as follows:
The Strength of Schedule component used in the BCS rankings is the quartiled ranking of a team's SOS. In other words all 117 teams are ranked based on the formula described below and the ranking is divided by 25. Thus, the team with the best SOS gets 0.04 points, and the teams ranked 25th gets 1 point added to it BCS total.
OpW is the sum of all opponents wins minus the number of losses by the team in question minus the number of wins over Div1AA teams
OpL is the sum of all opponents losses minus the number of wins by the team in question
OpOpW is the sum of all opponents wins as calculated above
OpOpL is the sum of all opponents losses as calculated above.
Changes for the 2002 season:
The margin of victory component in the computer polls was be eliminated.