Raiding in P1999 is nothing like raiding in classic.

[finalgrunt]

You train for 5 years like mad, you enter the competition, you win, you get your medal and a 10k cash prize. then the 100 guys who didn't won came to the judge and say : "hey we competed too - we want the medal too, and a share of 10k. So what that we didn't win, he have the right!" And judges say - "yeah sure, you have the right" - and everyone gets the same medal and equal share of the 10k cash prize.
Then next day, 10,000 people show up and say - "we watch the tournament on TV, so in way we participated too. We want our share too!" So we split those 10k again to satisfy everyone, and and give everyone the same 1st place medal with their name on it.

If you want a true analogy ....

If p99 raiding was like boxing, you would have a single tournament, where a 10 years old girl would have to face Mike Tyson. That's why there are tiered tournaments, so that the best don't just demolish new people, and they can enjoy themselves at their level, and still grow stronger with time. In p99, after Mike Tyson breaks all teeth and ribs of the little girl, he will smile at the camera and yell "Next!".