I actually prefer the format we use for the Sub Only Series (different than Sub Only). It's a round robin where everyone gets four matches. Submissions get three points, draws one, and losing gets zero points, and the competitor with the most points wins the division.
In the event of a tie, and there usually is, we look at the cumulative time of all the matches (lowest time wins). If there is still a tie, and this hasn't happened yet - although once there was a difference of just five seconds - the fastest single submission will be the tiebreaker.
It's fair, it's clear, and it provides competitors with the experience they all need. The person who loses their first round needs the experience just as much as the person who wins.
But I did feel that the Sub Only tournament had a very interesting approach and perhaps that would be more interesting from a spectators perspective for higher ranking matches.
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