Cutlass Arena to practice sword fighting skills!!

We need some sort of fighting arena where players can agree to enter and perhaps wager gold for whoever wins the fight. I imagine stepping into an arena with another player and the fight begins with us fighting to the death with cutlasses where we can agree upon the winner receiving an agreed upon amount of gold from the other player. The gold wager could be optional of course. When the loser dies they spawn back into the area outside of the arena instead of the ferry of the damned. This would allow players to practice their sword fighting skills and also would bring some form of gambling into the game as well. Also form of seating surrounding the small arena where other players could observe and wait to fight also. Cutlass competitions with prizes in gold!!! I could see myself having a blast doing this activity in game with other players.