Abstract: A method of operating a game of chance, for fun or profit. Players first bid in an “auction” to qualify for the right to bet on the outcome of a pre-defined Event. Winning an Auctioning Session does not guarantee receipt of the wager pool—the successful Player/Bidder wins a mere chance at the pooled value of the wagers of all prior bidding Players. To win the Pool the successful Bidder must also have correctly predicted the Outcome of the Specified Event. The manner in which (game Operator) “house” risk is instead distributed to Players permits a method in which the game Operator may always receive revenues regardless of the event or its outcome. Auctioning Sessions are run by a server with no need of human auctioneers and end both at random (outside the control of the Operator) and without notice to the Players as a means of creating both suspense and credibility in the integrity of the game.