Red Bull Cape Fear: we told you not to wipeout | Photo: Red Bull

The Red Bull Cape Fear will run on the 31st August 2014, at Botany Bay, Sydney, Australia.

Hailed as one of the most dangerous surf contests in the planet, the Red Bull Cape Fear expects waves in excess of eight feet pumping above the deadly "Ours" reef, a spot that only comes to life three or four times a year.

The innovative contest format has been designed by the local big wave charger Mark Mathews. Surfers will contest Cape Fear in two disciplines - tow-in with jet-ski assist and the most difficult task in surfing, paddling into monsters.

When a powerful east-south-east swell and off-shore winds push into Botany Bay, the Pacific Ocean hits a razor sharp ledge before delivering eight-to-10 foot monsters in front of an unforgiving cliff.

"If you fall off and don't hit the bottom, chances are you're going to get washed into that cliff face. There are plenty of dangers and only few willing to navigate them," explains Mathews.

Shane Dorian, Bruce Irons, Ian Walsh, and Jamie O'Brien are some of the names that have been invited for the big wave party. Red Bull Cape Fear will be broadcasted online. Spectators won't have access to the contest in order to "minimise impact on the environment."