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Why don't we come up with something more interesting and appealing than just sports? Say we can even have a Canadian Idol bet ... so I could win some F$ when my favourite (Theresa, whom I have been voting for since day 1) loses tonight.
Not to be rude, but I can hardly imagine anybody donating to a casino or a betting game. And even if we are able to hire a junior programmer with some minimum (if not insulting) wage (of say $10 an hour), we still need $at least 400 a month (excluding weekends). The math just doesn't add up.