What reward would compensate the risk?
Simple answer: You take opponents gear. All the gear opponent was wearing in the duel.
The more I think about it, the more im leaning towards brilliance instead of insanity. Why?
1) Then you get opponents gear, you get yourself opponents character.
Example: You kill opponents Demon Hunter with you Monk, now you have fully functional Demon Hunters gear set, now all you need is level 60 DH to put this gear on.
2) Killing better geared opponent gets you a better gear, more money, justifing all the risk. Killing worse geared opponent, lessens the risk, and the reward. Both opponents (lower gear and upper geared) reach equilibrium in "risk vs reward".
3) Last and the most important point is the THRILL, imagine what this matches is going to be like, i bet my pants (ilvl 63) tens of thousands of people watching live streaming of some top geared players, it would be the awesomness in its fullest.
Please comment on this, what pros and cons you see in this idea, or just your thoughts on this conception. Do you want it?