You wasted your time not by playing that game, but by posting this topic.
So I basically just wasted my time?

As I understand, Riptidejr, you are the Doctor Who (according to your avatar). So, what is the problem? If you wasted your time, just use your Time Machine.

Just Doctor. "Who" is added when you're talking about the TV series. The Doctor is just, "The Doctor"

(Ok, I never was a fan of this TV series. Watched it a few times and found it too naive In my opinion "The (True) Doctor" is Doctor Gregory House".)

Thing is, I lost to someone who was -1 point from me. But I BEAT someone 100 points ahead? Shouldn't I have gained points?

I've seen the third place player gain points while the 2nd place player lost them. I don't know how the formula works, whether it's based on relative performance or mere placement.

... I don't know how the formula works, whether it's based on relative performance or mere placement.
If you'll open the main forum page https://www.chess.com/clubs/forum/4-player-chess you'll see a "sticky" topic "How the rating system works" at the top of the page.
The title says it all.