The Arena of Life and Death is a location in Might and Magic VIII: Day of the Destroyer. It can only be reached by taking the coach from the Guild Caravans in either Ravenshore or Garotte Gorge on a Sunday only. Here, the party can talk to the arena master to fight a group of monsters to earn gold. They can only fight once per visit, and they can only visit once a week. The party must choose which level of difficulty to face: page, squire, knight, and lord. Higher difficulty will give stronger monsters, but also gives more money when completed.
The difficulty rises when the players level up, so high-level parties can face great wyrms, crystal guardians and ruby dragons, while first-level parties will encounter, pirate seers young couatls and serpentmen even on the "lord" diffculty.
The party should use the T-shaped rising and sinking platforms for cover to their advantage when under attack.