Abstract: A method of online wagering on events such as sports, financial markets, politics, entertainment, and the like. The user is required to select an event and wager on the outcome of the selected event by entering a bid amount. The user also selects time period and day of the wager. Winners are determined based on the users' selections of the outcome of the event and the time and date of the wager. The total amount of money wagered by all the participants is proportionately distributed among the winners, after transactional fee deduction, according to the individual bid amounts entered by the winners.