The problem with excessive overtime (and the now abolished Golden Goal) in football is that the quality of play decreases dramatically as the players get ever m

The problem with excessive overtime (and the now abolished Golden Goal) in football is that the quality of play decreases dramatically as the players get ever more exhausted. Going to 120 minutes already doesn't lead to one team clearly outplaying the other in almost all cases. The big difference to e.g. american football is that football is a low scoring game even at the best of times. Tired attacking players will score even less, since a succesful offense relies on outrunning and outplaying the defense, while the defense typically can deny a lot of goalscoring opportunities by simply being in the correct positions. If no one can score by minute 120, it really doesn't make sense to make the game go on even longer. I agree that a penalty shootout is close to a coin flip most of time and that this isn't a satisfying way to decide a winner. However there are teams (e.g. the german men'sn ational team) that consistently outperform on penalties. That's because penalties are far less about technique than they are about psychology. It's all about performing under pressure. That pressure is even higher in a penalty shootout at a big turnament. This plus the sheer drama of it make penalty shootouts one of the most thrilling events at a big turnament.