US residents bored with being denied access to standard casino gambling on the web now have a fresh alternative while awaiting the advancement of H.R. 2267. A BRAND NEW service is allowing students to make use of their academic records for online gambling.Ultrinsic is an internet site which uses an algorithm to calculate betting odds in line with course difficulty, personal history and current workload. Site operators say taking bets and placing lines on a student's future success acts as a motivating tool.
Further, the positioning hopes to flee the nefarious clutches of the UIGEA ban while it still exists, as site designers say the system tests skill, not luck, and is therefore not gambling.
"Other people's belongings you bet by yourself; things you invest in," CEO Steven Wolf told the Boston Globe.
Participants set their goals, and the web gaming site determines odds of the achievement coming to miss. 30 universities are already accepted by the database, including Stanford, Ny University, and five Ivy League institutions, and more are being added each term.
Online gambling foes might object to the targeting of young people, but site operators claim most participants are expected to make use of the wagers as motivation to review and excel. Internet and technology website Switched.com talked about the corporate should expect to lose money, unless "the goal is to prey upon the under-performing students of America. By which case, Facebook's beat you to it."
Published on August 10, 2010 by JoshuaMcCarthy
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