In a particular embodiment of the present invention, a system for establishing a wager associated with a game comprises one or more web servers that provide access to an online game for a plurality of users. The system further comprises one or more processors that receive information about a wager offer, wherein the wager offer is associated with the online game. The one or more processors also receive information about a wager acceptance. The wager offer and the wager acceptance combine to form a wager, wherein the wager is associated with at least one wager parameter. The system further comprises a memory communicatively coupled to the one or more processors and that stores information associated with the at least one wager parameter.