Kyle
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I believe the bonus should be larger, and in general, it should exist – if a participant overtakes players in the final standings who are (or were) higher than him in the overall ranking, and that too, based on this version. Because HOMM3 and HOMM4 are indeed very different things.
Otherwise, it turns out that someone has never played the fourth game (occupies 29th place), but is an ace in the third (occupies 2nd place). Why should there be a bonus here???
Or, the bonus should be introduced within a single tournament, for example, the World Cup. Here, you can reward from stage to stage because it is a single entity.
Instead of ranking bonuses, you can give grail bonuses.
That is, according to AlexeyPank's formulas, give a bonus not to the ranking but to the grails.
In this way, we will maintain interest in achieving the maximum ranking and rid the ranking of unnecessary additions that do not reflect the player's real gaming strength.
Sincerely.
Кто состоянием своим доволен, тому жить весело. (с)Алекса́ндр Васи́льевич Суво́ров