How to Bet on Olympic Athletes

The USOC has no problem with one option

You can now bet on Olympic athletes—for a good cause. Charitybets.com allows athletes to set performance goals and raise money for organizations close to their hearts. Athletes enter a goal on the site and designate a charity. Users visiting the site can bet a specific amount on the over (the athlete will meet the goal) and/or the under (the athlete won't meet the goal). The wager will then be donated to a charity of the athlete's choice based on his or her results. The USOC has said they have no problem with the Web site. "Anytime you can get spectators to invest in the race, in any way, it's exciting," Meb Kaflezighi's manager, Merhawi Kaflezighi, told CNN. "Once people understand the idea, I can't imagine anyone not getting behind it."

Read more at CNN

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