Update: Oops, we sort of mis-read the prize payouts. Each day you play you get an entry into the giveaway, but no daily prizes will be awarded. Instead, there will only be one drawing that will award 1,251 winners. Our odds and excitement just decreased.

In an effort to give back to the Halo 3 community and recruit soldiers promote Army awareness, the US Army and Microsoft have partnered to give out all kinds of goods in their latest Halo 3 Sniper School Play & Win giveaway (which looks to be open to US residents only). Starting right now, you can make your way to Xbox.com and register your gamertag to prepare for the week long Sniper School fun which kicks off on January 19th and runs through 25th. Every day you play Halo 3 matchmaking, you'll be entered into the drawing where they'll be giving away one limited edition Halo 3 Giclee Print print as well as 1,250 800 Microsoft point redemption codes totaling over 8,750 exactly 1,251 individual winners. But remember, you have to register first and play Halo 3 daily from the 19th through the 25th to win.

While you're waiting for the Play & Win party to begin, may be entice you with a free Sniper School theme and gamer picture set download? Yeah, we thought so.