Yes it's just as the title states. I just signed up this week for a tournament...currently I am in 14th place in the Handicap Division.
They call and check on your scores, so it is legit. I thought I'd give it a shot see if I couldn't pocket a little bit of coin. Just beware that you're bowling against guys and gals all over the U.S. and you don't know what kind of shot they're playing on.
I'll also post and let everyone know how I ended up. I didn't do brackets, but I was in sidepots..and I won't win any of those, but I'm hoping to cash.
--------------------
My Arsenal:
Brunswick Ultimate Inferno, Hammer Road Hawg, Columbia 300 Action Packed, Rotogrip Spare Tire