A primary wager is placed by a primary player regarding an outcome of a
gaming event, and a secondary wager is placed by a secondary player
regarding an outcome of the primary wager. Tertiary wagers may also be
placed regarding an outcome of the secondary wager. The outcome of the
gaming event is determined. The outcome of the primary wager is
determined based on the determined outcome of the gaming event. The
outcome of the secondary wager is determined based on the determined
outcome of the primary wager. The outcome of the tertiary wager is
determined based on the outcome of the secondary wager. Winnings and
losses are paid and collected, respectively. Wagering can be local or
remote. Statistics and/or odds can be generated and displayed.