Curiously sailing regattas is exactly the target I want to apply this in.
The standard sailing regatta is run on a points system. Minimum points wins. One point is allocated for first and so on down the fleet. So in a fleet of 20, if you come 20th, you get 20 points. DNC (Did Not Compete) DNF (Did Not Finish) RET (Retired), DSQ (Disqualified) and so on score one plus the number of competitors. So 21.
If enough races are sailed in a regatta it is usual that each competitor is allowed to drop their worst score. Except for a DSQ, which cannot be dropped.
In mixed fleets the times are corrected to account for different speed boats. There are a whole range of rating and yardstick systems that provide corrections. Once the corrections are done the finishing order is determined and points allocated.
There have been regattas where total time is used. Round the world racing was one. But the problem is that you can get a situation where one competitor gets a magic ride in one race and becomes unassailable, which drives the interest out of the regatta.
The problem with these scoring systems is that they discourage risk taking and reward playing the averages. This is because the penalty for messing up is almost impossible to retrieve. The front runners in a regatta may have a series of podium finishes, so they are collecting 1,2 or 3 points per race. After say 10 races they would be averaging about 15 points each. But say the fleet is 20 strong. A single bad risk taking call might send a boat half way down the fleet, to finish with 10 points. Suddenly they are out of contention. 25 points to 15. Say there were 15 races in the regatta. That competitor would need to win every single race from then on to win, just to cancel out a single mid-field finish. This is why there is a drop one rule. But even with a drop one rule risk taking is discouraged. All sailors know that a single bit of gear failure can result in a DNF. Everyone keeps the drop in their back pocket in case of bad luck.
The point is that races can become boring if there is not so much incentive in risk taking. The goal is to spice things up.
Sailing is a very tactical race. Even ocean racing. Right now the Vendee Globe round the world solo non-stop race is on. The competitors are entering the Southern Ocean, and even now they still watch one another, and if needed will change course to ensure that they maintain a covering position. Round the cans racing gets much more tactical, and match racing is totally tactical. Everyone works towards the finish position and doesn’t care about the actual elapsed time.
You will see highly tactical racing based upon the points. Because of the way the points works you will get situations late in a regatta where sailors that will deliberately mark one another. A boat that is in a winning position will deliberately sit on top of a boat that could potentially beat them in the points if it got a high finish. Using the rules of sailing it is possible to prevent a boat from being able to sail on their desired course, and it is possible to ensure they finish in a dreadful position, ensuring your own win in the regatta. One notes that in Formula One this is explicitly not allowed. In the recent Olympics the Croatian Laser sailor tried this tactic on the Australian who was challenging him for gold. It backfired, the Aussie got out from under him and managed to get away to a score that actually allowed him to win the regatta. Had the Croatian guy sailed his own race and not tried, he would almost certainly have won the gold, but he tried too hard to ensure the win. So it doesn’t always work.
OK, the point being - sailing doesn’t care about time, it cares about finishing position. And the way it is currently done is a problem IMHO. It could be fixed with a Condorcet scoring.