Edit: Let me try to make this last point a bit more precise. First some intuition. If $A$ and $B$ constitute a separation of a space $Y$, then $\chi_{A}: Y \to \{0,1\}$, the characteristic function of $A$, is both surjective (since $A \neq \emptyset$ and $A \neq Y$), and also continuous. Conversely, every continuous surjective characteristic function $\chi$ on $Y$ yields the separation $\chi^{-1}(1) \sqcup \chi^{-1}(0)$ of $Y$.
The product topology on the set $2^{Y}$ tells us that $\chi$ and $\chi'$ are "$F$-close" if they agree on the finite set $F \subset Y$ (these are the basic opens). This in turn provides a notion of closeness on the set $$\mathcal{S}_{Y} := \{(A,B) : \textrm{$A$ and $B$ constitute a separation of $Y$}\}$$ of all (ordered) separations of $Y$: $(A,B)$ and $(A',B')$ are "$F$-close" if $A \cap F = A' \cap F$ (so also $B \cap F = B' \cap F$).
More generally, given a fixed Hausdorff space $X$, let $$\mathcal{D} = \mathcal{D}_{X} := \{(A,B) : \textrm{$A$ and $B$ are open and disjoint}\},$$ and topologize this set using the notion of "$F$-closeness" as above: given a finite set $F \subset A \cup B$, say that $(A,B)$ and $(A',B')$ are "$F$-close" if $A \cap F = A' \cap F$ and also $B \cap F = B' \cap F$.
To connect this reasoning to the question at hand, observe that an open tournament $T$ on $X$ yields a function $f: X \to \mathcal{D}$ by setting $f_{T}(x) = (T_{x}, T^{x})$.
Lemma: $f_{T}$ is continuous.
Proof. Consider the basic open neighbourhood of $f_{T}(x) = (T_{x}, T^{x})$ corresponding to the finite set $F \subset T_{x} \cup T^{x} = X - \{x\}$. If $z \in T_{x} \cap F$, then in particular $xTz$ so there are open sets $U_{z}$ and $V_{z}$ about $x$ and $z$ respectively as in condition (c). Similarly, if $z \in T^{x} \cap F$ then $zTx$ so there are open sets $U_{z}$ and $V_{z}$ about $z$ and $x$ respectively as in condition (c). Set $$W := \bigcap_{z \in T_{x} \cap F} U_{z} \cap \bigcap_{z \in T^{x} \cap F} V_{z}.$$ Then $W$ is an open neighbourhood of $x$ and for any $y \in W$ we have $$T_{y} \cap F = T_{x} \cap F \textrm{ and } T^{y} \cap F = T^{x} \cap F,$$ which shows that $f$ is continuous. $\blacksquare$
Now we can see (from another perspective) why the triod admits no open tournament $T$: if it did and $v$ is the vertex point of the triod, then either $T_{z}$ consists of two of the prongs and $T^{z}$ consists of the third, or vice versa. However, in either case, $f_{T}$ cannot be continuous, since by choosing a point $w$ very close to $v$ (but distinct from $v$), we can always ensure that any two prongs lie in the same connected component, so we can always "ruin" whatever arbitrary choice was made at the vertex by $T$.
Here is a quick attempt at a converse. Let $f: X \to \mathcal{D}$ satisfy:
- $f$ is continuous;
- for each $x \in X$, $f(x) \in \mathcal{S}_{X - \{x\}}$;
- for all $x,y \in X$, $y \in (\pi_{0} \circ f)(x)$ iff $x \notin (\pi_{0} \circ f)(y)$.
Call such an $f$ (provisionally) "nice". One can check that when $T$ is an open tournament, $f_{T}$ is "nice". Define a binary relation $T_{f}$ on $X$ by: $$xT_{f}y \iff y \in (\pi_{0} \circ f)(x).$$ Then I believe/hope that $T_{f}$ is an open tournament (though I still need to check this carefully).
A converse like this would be appealing because it provides a nice picture of when there exists a continuous selector. For example, $\mathbb{R}$ would have one due to the "nice" function $$f(x) = (\{y : y < x\}, \{y : y > x\}).$$ Perhaps of more interest, the space $\mathbb{Q}^{2}$ would admit a continuous selector based on the existence of the following "nice" function: for each $p \in \mathbb{Q}^{2}$, let $L_{p}$ denote the subset of $\mathbb{Q}^{2}$ to the left of the line through $p$ of slope $\pi$, let $R_{p}$ denote the subset of $\mathbb{Q}^{2}$ to the right of the line through $p$ of slope $\pi$, and set $f(p) = (L_{p}, R_{p})$.