A system and method for inducing wagering in a poker-type game are provided. In one aspect, wagering is induced by providing an opportunity for game participants and/or spectators to place one or more side bets on the occurrence of an event during the game. A payout for each side bet is determined by: 1) detecting the facts, for example, known by a player, defining a current state of play in the game; and 2) according to the current state of play in the game, determining the probability of the event occurrence. In some embodiments, the side bet may be an insurance bet. In another aspect, the system and method induce wagering by determining a player's probability of winning the game and indicating to the player a potential payout relative to the player's probability of winning the game. The potential payout may be, for example, an inverse of a determined probability.
SYSTEM AND METHOD FOR INDUCING WAGERING IN A POKER-TYPE GAME