Abstract: A wager based gaming system administered and controlled by a hosting operator licensed by a gaming regulatory body provides a player with the ability to apply for becoming a house type participant that is allowed to assume a house position for a substantial amount of time and number of consecutive wager based games against other players. This can include accepting input from the player regarding applying to become a house type participant, facilitating the qualification of the player as eligible, and administering multiple wager based games on with the qualified player acting as a house type participant and other players acting as player type participants. Player qualification can include determining the ability of the player to assume a sufficient amount of risk. The system can also extend a limited gaming license from the gaming regulatory body through the hosting operator to the qualified player, and can also facilitate promotional activities regarding the qualified player.