Claim: The G1 Climax is an event.

__ NOTOC __  The G1 -LRB- Grade One -RRB- Climax is a professional wrestling tournament held each August by the New Japan Pro-Wrestling promotion . The G1 draws standing room only crowds each night , record receipt gates and generates front-page coverage on the sports sections of several of the daily newspapers in Tokyo . Though it has sometimes been held as a single-elimination tournament , it is usually -LRB- and currently -RRB- held as a round-robin , with winners from two blocks wrestling in the final to decide that year 's winner . In its current format , the tournament lasts four weeks . The winner of each block is determined by a points system ; two points for a victory , one point for a draw , and zero points for a loss .