Single Elimination

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A single-elimination tournament — also called an Olympic system tournament, a knockout (or, knock-out), single penetration, or sudden death tournament — is a type of elimination tournament where the loser of each bracket is immediately eliminated from winning the championship or first prize in the event.

This is in contrast to a double elimination event, which we also use often, where a player receives two lives.

An example of a single elimination tournament:

http://ipapool.com/2016-world-championships-ladies-last-16/