http://www.newser.com/story/97735/new-site-lets-students-bet-on-their-grades.htmlA 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.
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http://www.publicradio.org/columns/marketplace/business-news-briefs/2010/08/site_lets_students_bet_on_thei.htmlIt’s back-to-school season. And for those college kids who think they can get an A on that biology course or maintain a 3.7 GPA throughout their junior year, a new website may provide a little bit of an incentive.
Ultrinsic.com allows students from 36 college campuses across the U.S. to wager on how well they’ll do during the upcoming semester. And the site will pay you money for achieving or exceeding a certain grade.
"We’re going to help students get better grades and succeed in school,” says Jeremy Gelbart, the site’s co-founder. “This will make the overall school experience more enjoyable, this idea of giving the students their own control over their own rewards and goals.”
The site is billed as “the ultimate destination for students to play, study and win.” Here’s how it works: A student comes to the website, creates a free account, uploads their course history and enters their GPA. He or she then uploads their current schedule, and based on that schedule, they can create various types of incentives — like, say, an A on a certain course or a wager on their overall GPA — that if achieved, can result in cash.
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