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With this many participants, you could basically start with the playoffs right away. My version is good because it allows everyone to play with each race equally and have fun with all of them. Otherwise, the Mages have Necropolis, which is already overpowered, and I don't want there to be too many of them.
P.S. Let the players express their opinions on the format; I like mine, but ultimately the choice is up to the judge, and my version also allows us to maintain some intrigue until the end and avoid a negative atmosphere.