A gaming system and method that enables players to sequentially wager in a casino-style table tournament on gaming machines. The gaming system provides real-time wagering information and bankroll information of each player to the other players of the tournament so that players may determine their wagers based on what other players wager. The gaming system enables players to make one or more secret wagers during the tournament that are not immediately indicated or displayed to other players to try to gain an advantage in the tournament. All normal wagers are displayed to the players in real-time but the secret wagers are not displayed to players until after the close of wagering creating excitement in the tournament.