System and method for facilitating back bet wagering

A gaming system for facilitating back bet wagering on live table games, the system comprising:

• a central processor in communication with information gathering devices associated with the live game tables that gather information regarding game play;
• and
• at least one display device in communication with the central processor,
• wherein the central processor is configured to manipulate the information provided by the information gathering devices in order to generate game result data suitable for use in back bet wagering, and
• wherein the display device provides a visual display of game result data generated by the central processor.

A method for facilitating back bet wagering comprising the steps of:

• recording game data relating to game events in real-time;
• associating the game data with active players involved in the game;
• assigning a rank to the active players based on the associated game data and according to predetermined criteria;
• presenting the ranking of active players to one or more passive players;
• receiving back betting wagers from the one or more passive players relating to future game events associated with one or more active players;
• and
• resolving the back betting wagers on game events as they occur in real-time.