The full name of this competition is the Battle of the Ronin Rake Chase, which sheds a bit more light on its structure. This is a rake race, meaning that throughout the month of May, Lock Poker will track the number of VIP points you earn and award you prizes as you surpass certain milestones. Prizes are cumulative, so as you climb higher through the points levels, earning ever-greater prizes, you get to keep all the prizes you won previously on the way there. You get your first prize of $1.50 after earning just 100 VIP points.
There are more than 1,400 individual prizes up for grabs worth $500K total. There are 35 levels in all and each player can earn $45,000 cash for him or herself by clearing all 35 levels.
The great thing about this kind of race is that you’re racing only yourself and the clock for these prizes. Every player will get the prizes associated with each level as they surpass the milestone for that level.
In addition, you will also be competing with all other Lock Poker players for a coveted seat in the 2011 WSOP Main Event, a prize worth over $10,000 for an event with a first prize of $10 million. Only one of those prizes will be awarded, and it will go to the player who has earned the most VIP points between the start of May 1 and the end of May 31, 2011.