It's because you actually have 3 ratings based on which time controls you use in live.
Your latest game was a 10 minute game, which is a blitz time control, so it doesn't use your long time control rating of 1047.
Was I given the wrong ranking
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There's a very simple explanation for this. You see, live chess actually maintains three different ratings: "bullet", "blitz", and "long", depending on how much time you have. That makes sense, because you play differently based on how much (or little!) time you have to think.
The game you played was 2x10 minutes, so it counted towards your "blitz" rating, your "long" rating, which remained unaffected.
Thanks very much for that, both of you. It's starting to make sense now.
Just one more thing.
Are there set time limits to define if it is "long", "blitz" or "bullet" .
The whole article is here: http://support.chess.com/Knowledgebase/Article/View/94/13/why-are-there-three-different-ratings-in-live-chess
Basically bullet is < 3 minutes.
Blitz is 3-14 minutes.
Long is >14 minutes.
They do take into account time increments, so it's not quite as clear-cut, but the predefined custom settings are listed there and you can figure out your own choice of time controls if they differ based on that.
Many thanks Eniamar
Hi,
I have just played a game on Live Chess where I won because my opponent resigned. However, when I started I was ranked at 1047. I ended up with a ranking of 777.
I don't know what my opponent started at but he finished at 822.
How does this work.
Thanks