Hold a New Tournament
Reason: celebrating a recent event
Events: archery, races and jousting
Style: double-elimination
Length: five days
Awards: first place winner(s)
Top Prizes: small sums of money
Crowd: very large
Betting: unofficial - fair odds
Other Entertainment: acrobats and jugglers, a storytelling contest, staged exhibitions and musical contest(s)
Competitors of interest:
The gangly youth who has more wit than skill.
The menacing sorceror who is frighteningly fast.
The disgraced noble who may not be in it to win.
The jaded warrior who practices an usual style.