Pain and Panic Cup

The Pain and Panic Cup is the first tournament at the Underdrome in Kingdom Hearts II, and all of the enemies within are set at level 20. It forbids the use of Drive Forms, but reduce the MP consumption of Limits. Upon completion, Pain and Panic puts up the trophy in the Underworld Entrance.

Strategy
You should use magic against the Hot Rods so that you can defeat them while staying out of their range.
 * Match 4

Although you only need to stay alive for 60 seconds to complete this match, it is an excellent opportunity to amass points by using Magnet and Thunder on the Rapid Thrusters
 * Match 8

You cannot collect points in this match, so just focus on defeating Leon and Yuffie. As Leon's attacks are more powerful than Yuffie's, he should be targeted first. Once he is down, focus all attacks on Yuffie as she warps about. Use the more generous availability of Limits to your advantage.
 * Leon & Yuffie