Abstract: An electronically-facilitated event-based sports pool with decreased house liability. Pool tickets are sold in respect of each scoring interval in the subject sports competition to purchasors, each corresponding to a potential subject sports competition outcome and wager amount. Following a scoring interval if no successful wagers/pool tickets were sold, the pot is reserved for the next scoring interval. If there are no paying wagers identified in the last chronological scoring interval in the subject sports competition, the total wager pool including any retained player proceeds portion from the chronologically preceding scoring interval are retained by the operator of the pool. The system and method can be integrated with pre-existing results tracking and account funding systems, for easy integration into existing gaming outlets.