I worked at a Showbiz Pizza Place in high school for a few years. Our store wasn't very kid friendly. It was geared more towards adolescent males, and we had all the best arcade games to lure them in. We had tournaments for staff, including the managers with buy ins and cash prizes up to about $250 for the winner. I played literally thousands of hours of games in HS, all free (tech keys to machines). Needless to say, that is how I discovered PvP gaming. But with that said, here is my list of favorites, all from the late 80's:
First, let me say that Konami was my favorite game company back then. They made so many great games.
RBI Baseball - Namco. The arcade version featured hall of fame rosters and head to head, DUAL SCREEN playability which made it a favorite for tournaments. I was ridiculously good/lucky at this game and won a lot of spending money off my managers. God bless the impossible physics of the curve balls i could throw with the Giants HOF staff.
Tecmo Bowl (4 player) - I never did win a championship, although I had a good teammate. The managers' team had a pass play that was good for 40+ yards and was nearly unstoppable.
The Main Event - Konami - the best wrestling game I've ever played - it featured very obvious clones of the most famous WWF wrestlers of the time, including Hulk Hogan, Andre The Giant, Hacksaw Jim Duggan, and The Road Warriors (who were actually in NWA at that time). We destroyed the big action buttons and had to change them out about 6 times. "Fortunes" were made and won on this one.
Dark Adventure - Konami - a derivative gem of a co-op game. I loved this one. It's almost impossible to find now. There may be less than 50 in existence.
Double Dragon - no explanation needed. Well, when you had to call the tech on the store PA system to come fix it, we'd always say the game name with an impossibly bad Chinese accent. Ahh, the good old, pre-Political Correctness days.
Gain Ground - Sega - Like Dark Adventure, this one was another hidden gem of a game. The game play was simplistic in concept - you started out in the stone age and had to get your character to the exit on each map, fighting along the way and picking up new characters. Your first guy was a spear chucking primitive, and by the end of the game, you had some kind of cyborg with a rocket launcher to add to your arsenal. The genius was the gameplay - there was a timer, and each character had strengths that were essential to levels at random intervals in the progression through time, so you had to try to save each guy on a level they sucked for, in order to use them later when they were essential (e.g. the spear guy came in really handy late in the game, despite the tech of the defense). The only comparably simple game that is this addictive is a really good tower defense game, and the gameplay is kind of inversed - basicly you are the offense instead of the defense. I've not seen one of these in at least 10 years. BTW - the sega console port of this game was a joke. Just terrible.
Block Out - Technos - 3D versus mode Tetris, top down view. This game was crack, plain and simple.
S.T.U.N. Runner - Atari - Based off the Hard/Race Drivin' engine, this game combined the best of games like Road Blaster with 3D and bobsled style racing. The graphics in the link look like crap, but what it lacked in polygons, it made up for in vibrant color changes (mesmerizing patterns) and seriously addictive gameplay. The best racing style arcade game of its era, IMO. We had the sit down version picture on the link, which made it even better.
Smash TV - I just loved the audio. The gameplay was just okay, but that announcer was great.
If I had the cash, I'd love to get all of these in mint condition in my own personal arcade. Lots of happy memories there.