It's a shame for some of the tournament participants (the further it goes, the more). The inconsistency and inadequacy of randomly selecting a player over an excessively long distance will simply ruin the tournament. The range of randomness possible over such a distance is too wide. Everyone who signed up wants to have an equal chance to win. It's unfair to deprive players of this. Moreover, I don't know how you conduct the draws. It looks like a children's game, I'm sorry.
The odds are also unfair, even though they reduce the spread. It is necessary to come to a system; otherwise, it looks like mockery.