A method includes storing multiple bet configurations for a gaming machine. Each bet configuration specifies a respective pay table and minimum bet for a play on the gaming machine, with the pay tables each including a number N of prize levels and each prize level corresponding to a respective numerical prize value for a win on the gaming machine while the corresponding bet configuration is in an active state at the gaming machine. The minimum bets for the different bet configurations are unequal and are related by a translating ratio. The different numerical prize values for the different bet configurations are also related by that same translating ratio. A bet configuration activation input selects one of the bet configurations and that bet configuration is placed in the active state. Game play inputs received while the selected bet configuration is in the active state are resolved according to that bet configuration.