you're thinking this is just arm wrestling... you are in for a surprise. http://www.youtube.com/watch?v=uFvql-O1GWQ
I don't know the rules, but the easiest thing woud be to bang the other guys elbow...the arm that is taped together...one well placed shot will break the elbow and end the fight.
uhmmm... bwwhahaaahahaaa! I honestly didn't think about any strategies because I found it outrageously funny. LOL