Part two of this post covers the actual rankings. In a nutshell, I'm using the information contained in the moneylines and run totals set by the Vegas sportsbooks to "reverse engineer" an implied power ranking. Part one of this post covers the methodology in more (excruciating) detail.
These rankings are based on results and betting information as of the morning of Sunday, June 24, 2012. I plan to publish these daily in a format similar to my Ticker format for the NBA.