An electronic Bingo game and method includes a player inputting a wager and displaying a Bingo card in response thereto. A first set of numbers is selected and compared to the numbers of the Bingo card. If a predetermined winning pattern(s) is obtained, the player receives a reward. A second outcome set of numbers is selected. If the player obtains a predetermined winning pattern(s) on the Bingo card from the first and second outcome sets, the player is entitled to a second award. The player can select the numbers for his Bingo card and can make a desired wager up to a pre-selected maximum wager. The player can have the option to place a second wager prior to selection of the second outcome set. An alternate optional version of the game includes virtual Bingo cards against which the player competes.