Q&A: “I watch The Bachelor, and I want to bet on it…”

Notes from Chris

Episode 1593

Did you see the latest episode of The Bachelor? I couldn’t believe when Avril showed up in the wrong dress for the date with Baker. It was such a drama and then later he seemed to be spending a lot of time with Kirsten in the Fantasy Suite. Bachelor Nation, I was so surprised!

Oh—sorry. Back to Side Hustle School.

Our listener is one of millions of online fans who watch every week—this show has countless spinoffs–and she has an idea to start an online marketplace where people bet on the outcome. There’s a term for this: it’s called a predictions market, and that’s what we’ll discuss in this episode.

"Hey Chris, this is Chelsea from Reno. I have an idea for you that you’ve probably haven't heard before: I want to start some kind of online marketplace where people can bet on episodes of the Bachelor. Millions of people watch the show every week, and there are countless spinoffs. My girlfriends and I are always chatting about who's going to be eliminated next, and who we think is going to win. So how can I turn this into an online project? I'm thinking I won't try to bet one way or another, but instead I'll be the middle-woman who facilitates the bets and takes a commission. The only problem is ... I have no idea how to do this! Is there a ready-made platform that will make this very simple? Please say yes! Thanks!"

Listen to today's episode to learn more...

 

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SEE ALSO:

• Soccer Fan Plays The Odds; Earns Affiliate Commissions: A British soccer—er, football—fan sets up a blog that refers visitors to bookmakers. He gets paid for every referral, making this a project worth betting on.
• Lawyer Earns $400/Month With Stock Music Side Hustle: An online music marketplace offers a young lawyer an opportunity to fulfill his dreams of having his music heard, and also provides him with a new source of passive income.
• Graphic Designer Paints a Picture Worth $8,000/Month: This designer is the picture of success with a side hustle that draws in a full-time income.

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,