What do you think is best way to decide winner ? Maybe third option

Why not do both?

Penalties are too stressful. Hate to watch those and sometimes it decides the wrong winner.
Golden ball is actually nice but players are too tired after some time. Need 1 extra substitute after 90 and 2 more after 120.
Remember the toss of coin? :D Turkey actually beat Spain in 1954, by toss of coin.

I'm for penalties any day

Ok, I would choose Golden Goal. It makes that last goal much more dramatic and entertaining.

I went PK's because there is a legitimate possibility that no one scores. If it doesn't happen for the first 90, it could theoretically happen for the next 90. No one wants that.

Golden ball. Penalties like shooting fish in a barrel.

Golden goal for sure! Makes the game more exciting.

penalties. there's only so long you can play against a team. if you're both equal, tired, then it's over. we've all seen players after 120 minutes, they are dead tired, golden ball would be unfair at that point, UNLESS we are allowed more substitutions. but until that happens, penalties are the way. to be fair penalties are super exciting as well, sometimes i can't watch. it's basically the goalkeeping olympics.

Thing with golden goal the goal might not happen and it's just gonna go on for ages

@Lio

I'm pretty sure golden goal also ends at 120 minutes if no one has scored, and then penalties ensue.

I never forget the golden ball scored by Trezeguet against Italy in Euro final . The emotions were amazing because everyone knew that this is the winner !!

I agree with @iheart . It should be both. They should allow extra sub and extend the game to 20 min each half and if no winner decided there will be penalty shootout . I am sure when Golden ball label is emphasized in players mind , we will witness some of the most entertaining football !!

Like when we played in the streets , last goal wins ! Remember how live everyone would get even the kid who walked around barely running suddenly found energy ! Golden ball is ultimate test and reward is so sweet !

If golden goal ends at 120 mins them it's still not worth it it's not like it's going to make much difference. I think it's fine how it is

In 2008 Quarter Final Croatia scored a goal in 119th minute and Turkey scored back on 120 +2 et minute ..( Croatians were celebrating too much thinking it is all done ) . Golden ball would have sent Croatia to Semifinal and regular rules and penalties send Turkey . Both were amazing . It was one of the most exciting matches i ever seen .

@liomessi10, don't think you understand what a golden goal means. The whole point of golden goal is that it can end the game at anytime whenever the goal is scored during extra time, whether it'd be on the full 120 minute mark or earlier.

Golden goal but give both team more substitute when they does get there (between 3 more or even maybe 5 more). Would be rewarding for a team who has more dept in that case. :D Otherwise, I also like Marcus idea of having both.

The answer is simple unless video technology is introduced. Put it this way. Your side were to dominate the entire game, and were to crash out because of an offside goal. I'd rather lose to the fair harsh penalty than the unfair harsh goal which means nothing.

@amir_keal Good point. ;)

Golden Goal for the initial extra time periods (10 mins each), then PK's. GG is electric and will help make an average watcher of the sport more interested. I hear it all the time here in the states, "OMG 2 mandatory 15 min extra times, no matter who scores?"

Teams getting close to the end of 90 mins will have to have different strategies and the end of games will be more entertaining. I also think they should allow an extra sub or two per team.

Penalties don't decide a game in a fair footballing skill.
OT with extra sub(s) and the golden goal could be more exiting but how many times have games that go to OT had goals for both teams..

Here is an idea .. if after extra time both teams score and it is , let's say , 1-1 then after 120 minute next one wins. I know in 2012 we probably wouldn't have won it against Bayern if the rules were so but honestly I was happy that we even reached final considering things we went through and team we had ...