In reply to kyebrooks:
There's been quite a lot of tests on this, and basically the answer is:
Overhand: Dodgy. Fine dry, dodgy when wet or sloppily tied.
Fig 8: Dodgy in any circumatances.
Double Fisherman's. In every test, regardless of how badly tied or how wet, the rope broke before the knot did.
Since its hard to untie when tightened, I always put a reef knot in the middle, which solves that problem.
Since if your ab rope comes apart you are dead, I've always worked on the basis that taking chances is a no-brainer - I won't take the chances if there is an opportunity not to do so.
Double fishermans - in my case with a reef in the middle - every time.
Incidentally, the only reason the reef is there is to make it easy to untie. The reef, on its own, is instant death. More or less as soon as it is loaded it starts moving up the rope to butt up against the end of the double fishermans.