Betting on the Olympic Trials is condoned by the United States Olympic Committee. Because those placing bets cannot gain any profit, they are wagering money on the qualifying of the athletes on the site. You can bet on if the athlete will make the Olympic team or not. Charities make all the profits from the bets placed. I think this is a cool idea to get more money for charities. The website is Charitybets.com to place your wager!
Legalized betting on the olympics is an interesting concept, but at least it is for a good cause!
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