A gaming system is disclosed that comprises a prize selector arranged to facilitate player selection of at least one prize of a plurality of prizes, each prize having an associated prize value. The gaming system also includes a prize eligibility determiner arranged to determine whether a prize is eligible to be awarded to the player based on a relationship between a prize pool value and the prize value associated with the prize, the prize pool value being associated with game play, and a winning condition determiner arranged to determine whether a winning condition exists. The gaming system is arranged to award the selected prize to the player if the prize has been determined to be eligible and a winning condition has been determined.