And by study I mean study in detail like exam material. Not memorize it like a poem, but basically know it well enough as to be able to pass a rigorous Ph.D written exam in Biblical Studies. You get 100 in-depth questions (50 from The Old and 50 from The New Testament) and you have to get at least 51 of them right to pass. If you pass, you get paid 1 million Canadian dollars. If you don't pass, you get nothing.