The $160 Bounty Ladder Shootout is now underway at the Borgata Summer Poker Open, with 78 entries on the clock during the opening levels and late registration remaining open until 6:15 p.m.

Instead of one continuous field, players compete in 10-player single-table shootouts. Win your table and you'll advance to the next round. For round two, the final three players from each table will make it to Round 3, where the tournament is then in the money.

From there, the remaining players battle it out in a standard MTT format for the title, with the champion earning a $2,700 seat into the Summer Poker Open Championship, a custom BetMGM Poker trophy, and the top prize from the $10,000 guaranteed prize pool.