word type: noun
- A rake race promotion at Absolute Poker from April 15 through June 15th, 2009 where the top 500 point earners (based on rake paid at a table) receive a share of a $500,000 prize pool.
The status points earned towards the AP 500 are gained by playing any real money ring game, sit and go or tournament. A leader board on the Absolute Poker website is updated every hour showing all places in the race.
The 500 winners will share a $500,000 prize pool with $25,000 going to the person that finishes in first place. The person that finishes in 500th place receives $150, while all players in the top 1,000 also receive a chance to play for a $30,000 prize pool in an exclusive AP 500 freeroll tournament.