The bitch is not bad...
Here are the exact rules of the challenge from coinflip.com:
Information
• Bet $10,000 and you can win $100,000
• The competiton takes place from October 8th – October 10th live in Riga
• Included in the fee is a flight ticket & accomodation for the weekend
• Chess and Backgammon are played with standard international rules with clocks
• Backgammon format: Match
• Chess format: Blitz matches. The match will be decided with an Armageddon game in case of a tie.
• Poker format: Pot Limit Omaha Heads-up Sit & Go
• The challenger will be chosen at Coinflip and Betsafe's discretion
• All applications must include a short description of themselves incl. a picture we are permitted to use on our sites.
• For more information, please contact Erik Smith:
Erik@coinflip.com
For sure it is good for you to play Blitz-matches in chess so the grandmaster doesn't have a too big edge against you but it is still way to difficult for an average player. As said before: Be good in chess and play the other games soild for your only chance to win!