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Website Lets You Bet On Your Grades

Posted by samzenpus on from the 3:1-degrees dept.

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.'"

5 of 204 comments (clear)

  1. Skill? by RyuuzakiTetsuya · · Score: 4, Funny

    When the course list says, "Staff" instead of a professor, luck factors in heavily here.

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    Non impediti ratione cogitationus.
  2. What about *other* students? by Anonymous Coward · · Score: 1, Funny

    What about betting on other students' grades? OK, we'll call it "investing": how about SHORTING the other students' grades?

  3. Re:Fine by TubeSteak · · Score: 4, Funny

    I bet $1 Billion you didn't RTFA.

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    [Fuck Beta]
    o0t!
  4. Re:Fine by e4g4 · · Score: 3, Funny

    You're absolutely right. I'm sure they didn't think of that massive loophole before putting this site together...

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    The secret to creativity is knowing how to hide your sources. - Albert Einstein
  5. Re:Good idea or bad idea... by turkeydance · · Score: 2, Funny

    the NCAA won't allow this. THEY will control all gambling about colleges. (old Outer Limits intro) students actually rewarded with MONEY for doing good while IN college? OMG