Back-betting using a mobile device or other computing device

A computational device, comprising:

• a communication interface that facilitates machine-to-machine communications;
• a user interface comprising a user input and user output;
• a processor coupled with the communication and user interfaces;
• and
• a computer-readable storage medium, coupled with the processor, comprising instructions that are executable by the processor, wherein the instructions comprise:
• an association instruction set that enables the computational device to be associated with and dissociated from an asset of a gaming system, wherein association with the asset of the gaming system comprises establishing a direct communication link between the computational device and the asset, wherein a back-betting player, through use of the computational device, may place a back-bet on an outcome of an event associated with the asset;
• and
• a back-betting instruction set that enables the establishment of a back-betting session between the computational device and a back-betting system conditional upon maintaining the direct communication link between the computational device and the asset, wherein the back-betting instruction set further enables an exchange of back-bet wager information with the back-betting system via a communication pathway that bypasses the asset of the gaming system and restricts a placement of back-bets with the back-betting system when the direct communication link is not established between the computational device and the asset of the gaming system.