WagerBuddies allows you to bet, either against your friends or against the house, on everything from sporting events to politics to pop culture. A critical feature is that in addition to betting against the house like you would in Vegas, you can also bet against your friends - hence the name WagerBuddies.
The site isn't built yet, so use your imagination for the logo. There's no current style guides to go off of.
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WagerBuddies will be a stand alone site, a Facebook app, and accessible via other social networks in the long run. The target market is 14-30 year olds both male and female. As the site IS NOT sports-based and almost anything can be wagered on, it is important to NOT make this a sports related logo.