Abstract: A networked gaming system and method permitting a person using a player computer to view a game being played live at a casino, and to wager on the outcome of the game. The player computer is in communication with a wager server, which in turn is receiving at least a video and preferably also an audio signal of the casino game from the casino. Wagering may be accomplished by a variety of payment methods, including direct payment from a player computer to the wagering server or through the use of a credit-type card, in which instance a financial institution server will also be part of the system and method. Preferably, an additional system component is provided, consisting of a casino-wagering server interface, which will be in communication with the casino and wagering server, will monitor the game being played and the wager, and which will determine the outcome of the wager and communicate that information to the wagering server for communication to the player computer.