In case anybody doesn't know, in the (first) varsity-eight race points are awarded as "3 times (17 - place)". So, the boat that finishes first (i.e., the boat whose "place" is 1), gets 48 points (3 times 16). The boat that finishes second gets 45 points (3 times 15), and so on, until the sixteenth boat which gets 3 points (3 times 1). For the second varsity-eight race, change the multiplier from 3 to 2, so that first place is worth 32 points, second place is worth 30 points, etc. For the varsity-four race, the multiplier is one. Thus, first place is worth 16 points, second place 15 points, on down to sixteenth place which is worth 1 point. Add up all the points and the winner is the team with the most.
I think this makes for a really interesting game of chess. Perhaps not what some people would like in an athletic competition where there are certainly other ways to score things so as to emphasize raw rowing ability over team strategy, but, the way things stand now, the coaches have to be quite savvy about using their 22 rowers (two alternates are allowed) and three coxswains to maximize the performance over all their boats.