Best of 3, It’s Time for a Change

The USA’s ‘best of 3′ format for Singles 501 is due for an overhaul. Most will agree that winning a longer format match (i.e. best of 5, best of 7, or more) requires superior skill, relies less on good fortune, and it is a better indicator of the top player in that match.  If this is so obvious, then why don’t more US tournaments have long format Singles 501?