WAGERR BLOCKCHAIN SPORTSBOOK. No Limits - Available Anywhere - Guaranteed Payout

[Optional]

The reality is that this must be the future of sports betting.

I thought the same once upon a time.

But reality is that it costs too much money and time for someone to create it without a profit motive, which is always going to undermine the model.


And if end users really loved the concept, Betfair, Betdaq, Matchbook, Smarkets etc would all be way way more popular than they are.

And Fairlay offers a non-proprietary currency crypto exchange, which has proven only mildly interesting to bettors.


I do get why crypto fans are convinced about the concept, but it needs bettors eventually, and I do not see that ever happening for the platform.

[sss_av_ltd]

And if end users really loved the concept, Betfair, Betdaq, Matchbook, Smarkets etc would all be way way more popular than they are.

Just reiterating that this isn't a betting exchange.

[bookie]

Just reiterating that this isn't a betting exchange.

Yeah but I take Optional's point. Your peer-to-peer betting platform is much more like an exchange than a sportsbook, and so the fact that exchanges haven't even begun to take over the betting market makes it look not promising for a sight that, as Optional says, "needs bettors eventually."

[sss_av_ltd]

Yeah but I take Optional's point. Your peer-to-peer betting platform is much more like an exchange than a sportsbook"

why do you say that sorry? I would say it works more like a sportsbook but i might be misunderstanding what you mean.

[Alfie White]

What you are failing to understand is that it is impossible to have absolutely no limits, to allow crazy wagers and to expect anyone who is seasoned punter believe that - as it is too good to be true.

Punter here would have to put their trust in WGR token which (at most, from what I have seen) have around €100,000 give or take action on daily basis as per some Crypto tools and that is far from something that someone can stand behind.

For marketplace to be be able to exchange tens of thousands WGR in USD or similar, it would be required that there is demand for WGR token and it is good (for your product) that you are raising awareness, but anyone who is a proper punter would avoid this like plague as there is no proper backing of the concept and product itself.

As a concept, yes - very nice, interesting, speculative.
As a reality, absolutely not - there is too many moving things that nobody (except likes of you) can stand behind and back up.

[BrickJames]

Go peddle your snake oil somewhere else

[jjgold]

[EasyTiger]

Just reiterating that this isn't a betting exchange.

I have to wonder why this isn't a betting exchange. If it were, I would be interested. It would honestly be a straightforward business model. Charge a commission on all trade/bets. The house keeps the majority portion of the commission while a percentage is returned to increase the value of the crypto tokens. This would provide full transparency and incentivize people to invest and use the tokens. However, having the house run this as a sportsbook with the ability to devalue the currency through rouge wagers provides absolutely no incentive for people to invest in the crypto or use the sportsbook as true transparency does not exist.

[bookie]

sss_av...Could you explain why the lines are soft?

Easy Tiger...I have the same thought, but the problem is that DeFi hasn't advanced far enough yet to hold the counterparties in a trustless way using a store of value currency with bets graded by an oracle. So an exchange, at this point, can only be an Internet business not a blockchain one.

And would you really be interested in WGR even if it were a human run but transparent exchange if your winnings were paid in a token that you couldn't cash out? Except maybe someday.

[sss_av_ltd]

What you are failing to understand is that it is impossible to have absolutely no limits, to allow crazy wagers and to expect anyone who is seasoned punter believe that - as it is too good to be true.

Punter here would have to put their trust in WGR token which (at most, from what I have seen) have around €100,000 give or take action on daily basis as per some Crypto tools and that is far from something that someone can stand behind.

For marketplace to be be able to exchange tens of thousands WGR in USD or similar, it would be required that there is demand for WGR token and it is good (for your product) that you are raising awareness, but anyone who is a proper punter would avoid this like plague as there is no proper backing of the concept and product itself.

As a concept, yes - very nice, interesting, speculative.
As a reality, absolutely not - there is too many moving things that nobody (except likes of you) can stand behind and back up.

Some fair points, it's not that I don't understand that there is a risk that a bettor takes on by adopting WGR actually i mentioned that early. but this does need to start somewhere. Betting volume has grown from $4m USD in volume in the first year to on track for $25m USD this year. I realize in the scheme of things this is small volume but again needs to start somewhere.

I think this trend continues and as it does larger bettors can lean into it more and the risk that a bettor takes on with WGR is lowered.

I'll just at that their are real punters using this - some won't want to accept the WGR volatility risk and that is ok.

[sss_av_ltd]

I have to wonder why this isn't a betting exchange. If it were, I would be interested. It would honestly be a straightforward business model. Charge a commission on all trade/bets. The house keeps the majority portion of the commission while a percentage is returned to increase the value of the crypto tokens. This would provide full transparency and incentivize people to invest and use the tokens. However, having the house run this as a sportsbook with the ability to devalue the currency through rouge wagers provides absolutely no incentive for people to invest in the crypto or use the sportsbook as true transparency does not exist.

I mean there are plenty of exchanges out there, Wagerr is offering something different.

Someone from this forum contacted me yesterday and I explained the model using a simple example, maybe this will help.

Lets say there is only 1000 WGR in existence. You have 10 WGR.

You make a bet @ $2 on Manchester for your 10 WGR.

When you make the bet the 10 WGR is burned (removed from supply) leaving 990 WGR.

If the bet is lost, nothing occurs and there is an overall decrease in the supply to the benefit of all existing holders of WGR.

If you win the bet the blockchain mints 20 WGR to pay out the bet.

There would now be 1010 WGR in existence. Clearly if there is a continual net mint (punters continually winning) this would cause an issue in terms of value of WGR (assuming demand remained at least constant).

And then in terms of transparency. This is where the blockchain comes into it a blockchain explorer (think open database). https://explorer.wagerr.com/#/betevents

Therre you can see every bet and every payout, every line movement with time stamps. you can see the total supply etc. I think this would arguably make it one of the most transparent operations out there. It's all open.

[Go_Rilla]

I've been betting on Wagerr for over a year and also made some huge bets that always got paid out if I won, 15-20 minutes after game is done. All this scam talk is from people that don't understand the model and have never used it. You should be 100% skeptical because most crypto projects are scams or hot garbage, but Wagerr is not one of those. It's a new model so it's hard to understand how it works at first, it's also not peer to peer. Think os it like betting against the Federal Reserve, if your bet looses the fed will burn your dollars, if your bet wins the fed will print new dollars to pay you. The blockchain does the burning and minting of loosing and winning bets and intead of dollars you use Wagerr coins that you can buy and sell on a crypto market exchange, that is why there is no limit on how much you can bet, because the blockchain can mint unlimited amount of coins. people used to be scared of huge mints and inflation crashing the price of the currency but lately the team has the odds dialed in and inflation is less than 1% of the total supply since the start of 2021.

[Alfie White]

"blockchain can mint unlimited amount of coins"

And price of the coin can dilute down if too many coins are minted, thus pushing WGR token price down, essentially lowering your bet winnings. Sounds legit.

[Go_Rilla]

"blockchain can mint unlimited amount of coins"

And price of the coin can dilute down if too many coins are minted, thus pushing WGR token price down, essentially lowering your bet winnings. Sounds legit.

The way some of you nit pick and use straw man arguments makes me think you work for the well established bookmakers and are scared of the new boy in town without geo restrictions, without limits, and great odds. By this same logic knowing that most sports bettors are loosing and the 3% vig that is taken out of all wining bets and burned, over the long run the supply will go down and your coins will increase in price.

[Alfie White]

---
nitpick/ˈnɪtpɪk/verb INFORMAL
gerund or present participle: nit-picking
engage in fussy or pedantic fault-finding.
---

So, for you, speculating about the WGR price and how winning A LOT of bets can influence the price is nit-picking? You should try to think, but really try this time, even if it hurts you must do it.

[DontTailMe]

WAGERR must be hemorrhaging money. Look at them coming out of the woodwork to pump it.

Yeah, people are missing that there are a shit ton of alt coins out there, and 99% of them won't make it. I don't need to gamble my money on a proprietary one what has very little real-world utility.

[Go_Rilla]

---
nitpick/ˈnɪtpɪk/verb INFORMAL
gerund or present participle: nit-picking
engage in fussy or pedantic fault-finding.
---

So, for you, speculating about the WGR price and how winning A LOT of bets can influence the price is nit-picking? You should try to think, but really try this time, even if it hurts you must do it.

Wagerr has had a working product for I think over 3 years and and the inflation rate has been about 2% per year, less than the US dollar. Also that is due to people taking advantage of slow moving odds when the project got started. Since they fixed their odds setting system the inflation rate has been less than 1% this year and was even deflationary for a while. Anybody that understands basic math will know that with enough people betting the 3% vig will cause the currency to be deflationary over the long run if the odds are set correctly. It's so weird to me how nobody said 1 positive thing about their how it solves problems for sports bettors: like you keep custody of your funds, you can't be limited and restricted due to wining too much, all your bets are anonymous. I understand being skeptical and tryiong to find faults as 99% of crypto is trash and promises but Wagerr have built a working crypto product that is made for sports bettors and it's pretty well taught out.

[semibluff]

The way some of you nit pick and use straw man arguments makes me think you work for the well established bookmakers and are scared of the new boy in town without geo restrictions, without limits, and great odds. By this same logic knowing that most sports bettors are loosing and the 3% vig that is taken out of all wining bets and burned, over the long run the supply will go down and your coins will increase in price.

It doesn't have the Federal Reserve behind it. No-one knows how much money is behind it or who is controlling it. That's the point. Looking at the unit price data link posted by @SportsBettor74 the unit price is down 19% over the last 12 months. It lacks stability which means holding units isn't desirable unless you're a currency speculator. Most bettors will need to buy units, wager units, and then sell units if they win. That's not an efficient betting model. The low vig lines and site layout are not the issue.

[Go_Rilla]

WAGERR must be hemorrhaging money. Look at them coming out of the woodwork to pump it.

Yeah, people are missing that there are a shit ton of alt coins out there, and 99% of them won't make it. I don't need to gamble my money on a proprietary one what has very little real-world utility.

Wagerr is one of the only crypto currencies with a working product and has over 40 million in USD paid out. I don't think they need you. If you don't believe me every single bet can be checked with a time stamp in the block explorer https://explorer.wagerr.com/#/

[Go_Rilla]

It doesn't have the Federal Reserve behind it. No-one knows how much money is behind it or who is controlling it. That's the point. Looking at the unit price data link posted by @SportsBettor74 the unit price is down 19% over the last 12 months. It lacks stability which means holding units isn't desirable unless you're a currency speculator. Most bettors will need to buy units, wager units, and then sell units if they win. That's not an efficient betting model. The low vig lines and site layout are not the issue.

You are correct. It's only for currency speculators. I speculate that the price will go up over time because their product works great and solves real problems for sports bettors. I also speculate that the USD will go down in value because the FED keep printing money like crazy so for me it's a good bet. If you don't believe that it is not for you.

[Alfie White]

Actually you think a lot, you want us to move in with you so you can have your WGR tokens expensive in order to sell them, smart move!

kona, if no-one else, will fall for it. He plays virtual soccer for fun, so he might be your top prospect!

[DontTailMe]

Wagerr is one of the only crypto currencies with a working product and has over 40 million in USD paid out. I don't think they need you. If you don't believe me every single bet can be checked with a time stamp in the block explorer https://explorer.wagerr.com/#/

Oh, they need me. I'm part of the sports betting community, which has largely rejected them so far.

[Go_Rilla]

Actually you think a lot, you want us to move in with you so you can have your WGR tokens expensive in order to sell them, smart move!

kona, if no-one else, will fall for it. He plays virtual soccer for fun, so he might be your top prospect!

I'm not looking to sell them anytime soon as I can't find a better betting experience anywhere else. But you keep lining the pockets of the bookmakers then complain when they limit you, while I'm cashing out my big anonymous bets.

[Go_Rilla]

Oh, they need me. I'm part of the sports betting community, which has largely rejected them so far.

This conversation feels like I'm trying to prove email is better than sending letter to my grandfather. It's fine maybe you're not ready for it, your kids will love it ;

[DontTailMe]

This conversation feels like I'm trying to prove email is better than sending letter to my grandfather. It's fine maybe you're not ready for it, your kids will love it ;

You're not as clever as you think you are. I'm sure plenty of people in this thread - like me - are crypto investors and users. They just have a much different opinion of this product than you do.

[jjgold]

lol this is a scam

[sss_av_ltd]

lol this is a scam

It's really not and to be honest you could probably do about 10 minutes of research to work that out for yourself.

I said it in the first post, it won't be everyone's thing but for a lot of bettors it solves problems. If it's not your thing it doesn't make it a scam.

[Go_Rilla]

You're not as clever as you think you are. I'm sure plenty of people in this thread - like me - are crypto investors and users. They just have a much different opinion of this product than you do.

Please try it out and do some unbiased research and then form your opinion. People in Wagerr telegram will give you free coins to try it just ask. I know it's not for everybody but there are people who are banned and limited by sportsbooks or are in places where it's illegal to bet so they may find it useful.

[Go_Rilla]

lol this is a scam

This has been live for over 3 years. You will not find anywhere online anybody that has been banned or has not been paid on their bet. This is actually the most transparent sports betting project that exists in the world, this is the only place where you can see every single bet that has been made and the movement of the odds with time stamps. Check this out https://wagerrwatcher.com Do some research please, not everything new and different is a scam.

[raiders72001]

No Betting Limits
Bettors on the Wagerr platform are capable of betting as much as they wish. There is no need to find a counterparty either, the Wagerr blockchain will accept any size bet you make.

We can bet as much as we want without a counterparty or liquidity pool? What percentage of the tokens are owned by the founders? It looks like 75% is Wagerr's with 12% to another address? Is that Wagerr's too? You can mint as many tokens as you want? We would need to know more about the tokenomics. How do the oracles get the final score of each game? What happens if there's a mistake in data causing a misgrade?

[Mediterranean]

The biggest issue for me is the little variety of soccer leagues, including the lower divisions.

[raiders72001]

I don't like to be harsh on what will be the future as this is built on Ethereum but it seems for all intents and purposes that this is centralized disguised as being decentralized. Wagerr owns a majority of the tokens. They control the chain. Wagerr can run anytime they want.

[Alfie White]

WGR bois got their shills here obviously )

[sss_av_ltd]

We can bet as much as we want without a counterparty or liquidity pool? What percentage of the tokens are owned by the founders? It looks like 75% is Wagerr's with 12% to another address? Is that Wagerr's too? You can mint as many tokens as you want? We would need to know more about the tokenomics. How do the oracles get the final score of each game? What happens if there's a mistake in data causing a misgrade?

The blockchain is the counterparty to the bet. I explained an example above that walked through how this worked in simple terms.

I think you are misreading the token distribution. if you are looking at etherscan than you are looking at the wrong thing. you are looking at a wrapped token so people can access liquidity in things like uniswap and swap out to other coins, its basically an on/off ramp.

Wagerr is on it's own blockchain, explorer.wagerr.com

85% of coins were sold initially in the ICO and over 90% of coins remain in the publics hands. In fact Wagerr designed the initial sale to limit any one entity holding too much. Given its a free market someone could have bought a lot but it would be very unlikely one entity holds 12% let alone 75%.

Look again if you read the documentation on docs.wagerr.com it has everything there that you are asking. The only way Wagerr mints new coins is if a punter wins a bet. Wagerr has it's own oracles that grades events, it remains in control of the team whilst still in development but will move to the community/masternode holders in ~12-18 months my guess.

There has been incorrect grading in the past. all bets effected have been paid out and excess mint caused by the issue has been balanced by the development team burning WGR to balance.

[sss_av_ltd]

The biggest issue for me is the little variety of soccer leagues, including the lower divisions.

Understandable. As development continues more events will come online and lower divisions.