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We just published a very interesting story about a U.S. company that is offering college students the ability to bet on their expected college grade scores.
Betting on college grades: game of skill or gambling?
The company is claiming that due to college grades being a matter of hard work (i.e. skill) then they should be legally allowed to do it.
What do you think? Any college students out there? Would you give it a shot?
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If I understood the rules well, they're actually stimulating people to learn and get better grades?
Oh, I'd definitely give it a shot. I actually wish there were any such incentives back when I was a student - I bet my average grade would now be significantly higher.
I really think they should legalize it. I mean, if this isn't a good cause in gambling, what is?
I tend to agree. I'm sure we all know of parents who offer their kids some kind of incentive to do well at school. Same principle.
The thing is the company obviously thinks they will make money out of this, so they either think students will overestimate their own ability or they will well and truly underpay the odds.
In fact, the issue about this is the hotly debated as of now. Personally, this is quite interesting most especially for parents to bribe their kids.
Ed's note: link spam is not tolerated here.
I really think this may prove to be a useful tool in boosting students' willingness to work and educate themselves - even if it's for the wrong reason, it will pay off eventually.
@HayleyA - did you, by any chance try out the platform yourself, or you know someone who has? It would be great if you could report on some experiences with this "educational gambling" method!
Unfortunately HayleyA is just a link spammer for some blog. They tried the same thing yesterday and we deleted the account and comments so I don't know why they bother coming back.
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