Website Lets You Bet On Your Grades

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.'"

Skill?

[RyuuzakiTetsuya]

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

What about *other* students?

[Anonymous Coward]

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

Re:Fine

[TubeSteak]

I bet $1 Billion you didn't RTFA.

Re:Fine

[e4g4]

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

Re:Good idea or bad idea...

[turkeydance]

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