1. A method of conducting a wagering activity, the method comprising: providing at least one event upon which a plurality of bettors may each place at least one wager; enabling each bettor of the plurality to provide input regarding a first portion of their respective at least one wager prior to the at least one event; enabling each bettor of the plurality to provide input regarding at least a second portion of the respective at least one wager prior to the at least one event upon payment of specified value; and randomizing at least one other portion of each bettor's at least one wager prior to the event.