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1. Battle takes place in Asgard but Odin and Thor can't call on outside resources.
2. Battle takes place on Apokolips with same stips as 1 no outside resources.
3. Neutral battleground.

Which Darkseid is this. Darkseid powers varies way too much, so a specific version of him needs depending to be use.

Depending on the version, King Thor alone would give him trouble or he could just one shot King Thor easily.

Pre-Crisis Darkeid
The Great Darkness Saga Darkseid, this one rapes the team by himself
Early 90's Darkseid
Final Crisis, this one again rapes the team
Soul Fire Darkseid would destroy King Thor.