An online game wagering system, including a plurality of gaming systems to allow a plurality of users to play an online video game thereon, a game server to provide, to the plurality of gaming systems, data required to access, operate and play the online video game on the plurality of gaming systems, a plurality of online computing devices to allow a plurality of third party spectators to view the online video game as it is played by the plurality of players in real time, and a transactional server to communicate with the plurality of online computing devices to allow the plurality of third party spectators to place wagers on at least one of the plurality of users playing the online video game.
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