The 2014 Ultimate Schmoedown was the first inaugural Ultimate Schmoedown and was being held at the Schmoes Know YouTube channel. It featured 16 competitors in a 15 week long tournament. The tournament was for the Singles Championship Belt.
ROUND ONE 6 questions, all worth 1 point are asked to both competitors from six pre determined categories. The six question are different for each competitor. No stealing allowed.
ROUND TWO Each competitor picks a category, if the competitor does not want to answer fro the first picked category, he or she may choose to pick again. The second picked category has to be answered from. Each competitor gets four question, worth 1 point each. Stealing is allowed.
Round THREE The betting round also known as the jeopardy round. 1 question from a specific category. The competitors most choose how many points they are willing to bet.