It's still effective communication, because you know I'm contrasting '/bets/1' with 'index.aspx?action=displayBet&bet_id=1&' (which still could be quite RESTful, actually...), and a form that POSTs to '/bets' vs. a form with method=GET request to 'index.aspx?action=addAnotherBet&=SomeValue=1&something_else=2'. And yes, there's more to it than that, but you get the idea.
Just because it makes puritains die inside doesn't make it wrong.