A method of collecting, graphically displaying, managing, and directing individual contributions and distributions of pooled funds and/or investments online to enable participants to share in the purchase of lottery tickets, to bankroll casino table game players, to invest, or to bet, alone or in any combination. A Pool-in-Pool method is included to allow some proportion of a pool to be used to buy into other pools, thereby enabling players to increase the odds of winning a given prize by increasing the number of games to which their bets apply and the jackpots to which they have some claim. The method is enhanced by user determined combinations of games combined within a pool and participation of pools in varying percentages of other pools, allowing users to set the statistical advantage sought and to determine the level of acceptable rate of loss.