Share 'Bag Tag Formats?!?'

I was wondering what kind of Bag Tag format have you played? I'm assuming there is more than one way to organize it. The one I'm in now seems kind of high maintenance, at least for the one organizing it. There are monthly tournaments, 1st place gets 50 pts, 2nd gets 49 pts, and so on, Between each monthly tournament, we challenge each other for the lower tag number. If you win a challenge, you…