A method of playing a keno wagering game that is based upon a multi-step game is disclosed. The method utilizes an underlying keno game that allows the player to perform predefined chargeable actions while the player is playing the underlying game. The player is charged for each chargeable action the player performs. The player is awarded a prize if a predefined prize event or condition occurs during the game. The method of the present invention may be applied to solitaire, poker, blackjack, slot machines, and many other kinds of games.