I was thinking It's more a case of 2 like minded (in terms of goals, and current stats) get in contact with each other, either by PM or Instant Messaging. If they are cool with each other they continue giving support etc Then after around a week of two of training with competition They start a competition in some Thread. For however long, Update at a time convenient for both participants and then let the other forumers' decide the winner.
As far as prizes... I'm really not sure aside from the pride of winning, the encouragement you get through out and like i said rep points. I mean I know I personally (Being 15 years old) don't have tons of money to buy prizes so I'm not sure how it would work. Also i haven't been on this forum long enough to know about the inter member relations, so i don't know whether other members will buy prizes.
As far as prizes... I'm really not sure aside from the pride of winning, the encouragement you get through out and like i said rep points. I mean I know I personally (Being 15 years old) don't have tons of money to buy prizes so I'm not sure how it would work. Also i haven't been on this forum long enough to know about the inter member relations, so i don't know whether other members will buy prizes.