A Bingo game and method are set forth wherein a player inputs a wager and at least one Bingo card is generated. A first outcome set is selected and compared to the indicia on the Bingo card. If a predetermined winning pattern(s) is obtained, the player receives a first reward. A second outcome set is selected. If the player obtains a predetermined winning pattern(s) on the Bingo card from the combination of the first and second outcome sets, the player receives a second award. Optionally, the player may select the numbers for his Bingo card or may regenerate his Bingo card at the beginning of a game. In an optional embodiment, the player may place a second wager prior to selection of the second outcome set. In an optional Class II version of the game, the player competes with a plurality of live player or virtual Bingo cards.