How are these numbers calculated?

Big Games

How we did last week and who we should root for this week.   Explain

Week of 7/1100.0*Chance wins title100.0*Average seed
Wilson Elser 16 Base Windu 7 -13.7
-0.7
Conversant1 5 Wolfpack 6 -6.6
-0.2
EzeSG2 5 WTAS 9 +3.0
Knight Ryders 6 Marketing 7 +1.2
+0.2
Week of 7/8100.0*Chance wins title100.0*Average seed
Base Windu 8 WTAS 13 No
-1.1
Wolfpack 15 Conversant2 10 No
-0.2
Wilson Elser 16 Kristen's 5 -8.3
-0.4
Games Above .500
Chance Will Win Championship