Hold a New Tournament
Reason: religious holiday
Events: team fighting, archery, jousting, races and martial arts
Length: two days
Awards: first place and an honorable mention
Top Prizes: enchanted equipment
Betting: unofficial - almost encouraged
Other Entertainment: magic shows, a storytelling contest, professional hecklers and acrobats and jugglers
Competitors of interest:
The wandering fighter who has little practical skill.
The menacing sorceror who desperately needs the prize.
The cheerful fighter who is surprisingly agile.