Abstract: A system and method for playing a pooled-betting game in a communication network, the game being associated with an event. The system provides a pool engine that permits multiple pools to be managed and operated by a single site manager. The pool information is continuously updated as new entries occur via the Internet. The system is flexible and permits new pools and new pool providers to be added to the site with ease. The pool engine also manages the crediting of the site providers and the site manager with predetermined portions of entry fees.