Why stop at grades? Why not bet on whether you’ll make the rugby team, or whether you’ll get married in five years? Or maybe you could play hedge fund manager and bet that you’ll flunk out–at least you’d have some change to make it through the summer.

http://idle.slashdot.org/story/10/08/11/2150206/Website-Lets-You-Bet-On-Your-Grades?from=rss via Byline crimeandpunishment writes “College students who expect to get good grades can get a good payoff, if they’re willing to put their money where their mouse is. A website is taking wagers on grades from students at 36 American colleges. Students have to register, upload their schedule, and give the site access to official school records. The site, called Ultrinsic, then calculates odds and the students decide whether to place their bets. Ultrinsic’s CEO Steven Woldf insists it’s not online gambling, since these wagers involve skill. He says ‘The students have 100 percent control over it, over how they do. Other people’s stuff you bet on — your own stuff you invest in.’”

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