When you begin a free for all tournament, only one man will be after you. Keep it like that. Beat the living daylights out of him, and let the other two fight. You should have around 70% health left. The other two will be killing each other. Wait until there is one left. He'll have low health, and you'll have the oppurtunity to taunt beforehand, so you have a nice Blazin! move ready for him.