We could put prices on sports teams in just this way. For example, gambling pools should, given enough information, be able to put proper odds on each team in a match or a tournament.
But a tournament is more interesting than a match. Suppose we have a tournament with four teams playing, A, B, C, and D. We might be able to predict with reasonable accuracy which team will win in a match between any particular pair. But that doesn't let us assign any kind of price or value to each team. A might always win against B, and B against C, but it might happen that C always wins against A! In a four way single elimination tournament, the final champion team will depend on the way the tournament is arranged: on how the teams are paired up in the first round, etc.
Given a tournament structure, accurate pairwise odds will map cleanly to accurate odds on the eventual champion. But different tournament structure can easily give a different most likely champion. Teams don't have a universal value, but only relative to the tournament structure.
Decision making in general is a matter of evaluating options. Accurate evaluation depends on understanding the context in which the various contemplated actions will unfold. This is just a manifestation of the unity of emptiness and interdependent origination. The value of a thing is not inherent in the thing but rather is a property of how the thing is situated in its environment.