A multi-tiered wagering game and method, including a playing card wagering game, involves placing a first game wager and an optional second wager and entry fee to participate in the multi-tiered game. Cards are dealt by the dealer, two face down to the dealer and three face down to each player. Players inspect or "sweat" their cards and the dealer gives each player the opportunity to withdraw one part of the bet. Each player decides and the dealer then turns over one of the cards and again gives each player the opportunity to withdraw a second part of the bet. The players decide, their cards are shown, and based on the shown cards the remaining game wagers are resolved. Also based on the shown cards, players that placed the optional second wager and entry fee become eligible for bonus payouts and to participate in a second game to determine the winner of a super jackpot, respectively.