Ah... I apologize. It wasn't meant as deception.
We discussed it at the mod lobby and some of us feel that a contest with only 2 entrants is more like a challenge between two users, and not a site-wide test of skill. The rewards are suitably high because we expect 3-5+ contestants. I understand your frustration, but I hope you understand why some of us might've reached that decision.
The full reputation award is likely to be given out.