System and method for managing one or more games of chance over a network

A system for implementing a game among a plurality of computing devices, the plurality of computing devices associated with a respective plurality of game participants, the system comprising:

• a computer memory having stored therein a software application that includes instructions configured to implement the game across the plurality of computing devices;
• and
• a computer processor configured to execute the instructions so as to associate an electronic hand with each game participant for a round of play, each electronic hand including a set of characters, each character having a value;
• a computer memory having further stored therein 1) an electronic bid received from a first computing device of the plurality of computing devices, wherein the electronic bid is an indication of a total quantity of a particular character of the set characters at a particular value among each one of the electronic hands that was allocated to the respective plurality of game participants, and 2) an electronic challenge concerning the electronic bid received from each remaining computing devices other than the first computing device of the plurality of computing devices;
• the computer processor further configured to execute the instructions that:
• A) determines an actual quantity of the particular character at the particular value among each electronic hand,
• B) compares the actual quantity of the particular character at the particular value to the total quantity of the particular character at the particular value in the electronic bid,
• C) allocates a point value to the game participant associated with the one computing device if the actual quantity of the particular character at the particular value is greater than or equal to the total quantity of the particular character at the particular value in the electronic bid, D) adjusts the point by a multiple that is based at least on a bid level, the bid level being the total quantity of the particular character in the electronic bid, and
• E) causes the multiple to vary for each one of the rounds of play based on at least one of 1) the bid level of the electronic bid and the number of game participants, and 2) a bid value, wherein the bid value is the value of the particular character.