Students all over the US are giving themselves even more reason to get good grades – money! There is now a website providing a platform for students to bet on the outcomes of their grades. The better their grades, the more they win.
The site has students from about 36 schools across the US betting on their own grades. The maximum they can bet is $25 per class but the more they play the higher the limit can grow to. The site then looks at the student’s academic history, the grade history of their school and their class and even the reputation of their tutor or professor to decide on the odds.
The students don’t just have to bet on doing exceptionally well either, they can bet on failing too – this is known as ‘grade insurance’.
Is this legal though? The CEO says it is because the power is in the hands of the students – they can choose whether they do well or fail.
How does the site make money then? Students are by nature fairly unpredictable – there are always variable like hangovers, illness, bad lecturers etc.
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