In 1859, Atlantic did emerge as decisive champions of baseball with an overall record of 11 wins and 1 loss and series victories over both Eckford of Brooklyn and Mutual. Thereafter, a formalized challenge system developed whereby the championship, symbolized by a "pennant", would change hands upon the defeat of the existing champion in a two out of three series. Such "series" could actually occur over several weeks or months, with games against other clubs played in between, so the format does not closely resemble the modern World Series in determining baseball's champion. But a series was limited to a season; one win in one or two games did not carry over to next spring.
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I sincerely appreciate the research work, and the information being shared. It is important and interesting history.