I know it as the 130 rule. I figured that's what you meant.
The ratios are generally accepted to be the amount of deco time to the amount of bottom time. Hence, a 1:1 ratio on a dive with 40 minutes bottom time would call for 40 minutes deco. 10 minutes deco would be a much different ratio, 1:4.
The way I think of it at for 30m dives (which is a majority of my dives), and the reason I say 1:1 is, quite simply, easy for me to remember. I know that whatever extra time over 30 minutes I spend on the bottom, I'm spending that same amount of time at 6 (a 1:1 ratio). I am well aware that once you get past 40m ratio deco works differently where as bottom time=deco time for a given depth, and is a true 1:1 ratio, that can then be adjusted for depth and time accordingly (ie shallower dive=less deco). Hope that makes a bit more sense.