Tournament Mode Ranking

So has anyone figured out how the ranking system works? Is it based on performance or is it based on who you fight?

I’ve had matches where I get 10 kills and 0 deaths and only rewarded 3 points, but then I come in last in another match due to the character switching bug and drop 13 points.

This thing is really confusing and I didn’t see it mentioned online or in the manual.

The only thing the system is based off of is whether you won or lost, and who you won or lost against. If you beat someone who is significantly lower then you in ranking you will not gain many points, but if you lose to someone lower then you in ranking you will lose a decent chunk (usually more then 10).

Same rules apply for players ranked higher then you. If you beat them you will gain an above average amount of points and if you lose to them you will lose a below average amount of points.

For players at the relatively same ranking level, points will fluctuate around the 5-8 mark for wins / losses.