Posted on 08/10/2010 11:48:40 AM PDT by toma29
College students are known for hauling home carloads of laundry for Mom, calling Dad to ask for deposits in their bank accounts, and partying. Now they can gamble.
From Newser:
New Site Lets Students Bet on Their Grades
Nothing like a little betting to keep Junior's grades up.
A new website is taking wagers from American college students who want to bet on their own grades. Just as Las Vegas sports books set odds on sporting events, Ultrinsic will pay top dollar for A's, a little less for the more likely outcome of a B average or better, and so on. Students can also wager they will fail a class by buying what Ultrinsic calls "grade insurance." The site is taking wagers from students at 36 colleges nationwide starting this month.
But isn't this online gambling? And illegal?
The CEO insists the company isn't engaging in online gambling,
(Excerpt) Read more at blog.usefulinfonation.com ...
How much for an F?
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