1. #211
    CryptoDgen
    CryptoDgen's Avatar Become A Pro!
    Join Date: 09-22-21
    Posts: 28
    Betpoints: 30

    Quote Originally Posted by DontTailMe View Post
    The reality - known by anyone who studies this and other sports betting forums - is that this doesn't really happen at A rated books because their reputation is their business. If someone claims this happened to them at one of these sportsbooks, they're almost always in the wrong.
    Almost isn't always, and on Wagerr this literally can't happen. Also, what if someone doesn't have access to A rated sportsbooks?

  2. #212
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    Quote Originally Posted by SportsBettor74 View Post
    If you adopted the Wagerr system you could continue to do all these things. In fact, anyone adopting the Wagerr system should continue to do everything they currently do (assuming you are profitable).

    It's not an either/or scenario. The question you must ask yourself is this: If I continue doing what I do ** AND IN ADDITION I adopt the Wagerr system *** - what is my likely result?

    If you conclude that making this additional move will result in a net loss then pass. If you conclude that making this additional move gives you a > 50% chance of making money (substitute % dependent on your appetite for risk) then go for it.
    I'm not trying to dissuade you or anyone else from playing at Wagerr, but if a person wants to move $10k out of Wagerr and get it into Nitrogen in an hour he's going to take a real beating at the exchange. If you want to make a $10k bet at Wagerr you have to make 25 bets and the line may move. There are only 6 sports at Wagerr and no live betting. Wagerr is head and shoulders above the rest technologically but behind in sports markets, security (because they have their own chain) and transfer fees. All books should get rid of their database and add blockchain technology.

  3. #213
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    Wagerr- you guys are smart enough. Create a DEX with cross-chain swaps.

  4. #214
    CryptoDgen
    CryptoDgen's Avatar Become A Pro!
    Join Date: 09-22-21
    Posts: 28
    Betpoints: 30

    Quote Originally Posted by raiders72001 View Post
    I'm not trying to dissuade you or anyone else from playing at Wagerr, but if a person wants to move $10k out of Wagerr and get it into Nitrogen in an hour he's going to take a real beating at the exchange. If you want to make a $10k bet at Wagerr you have to make 25 bets and the line may move. There are only 6 sports at Wagerr and no live betting. Wagerr is head and shoulders above the rest technologically but behind in sports markets, security (because they have their own chain) and transfer fees. All books should get rid of their database and add blockchain technology.
    You are correct but who is doing this lol? What percentage of people need to move $10,000 on one book, have $0 on another, and need to move it in an hour? Most people don't bet that big, most people who bet that big have what they need on all books they bet on at all times. That one out of a million person, Wagerr won't work for them. But again neither will Fanduel (A rated I believe) as I just explained above it took three days to receive my withdrawal from them and you could easily move that amount of Wagerr in that amount of time.

  5. #215
    SportsBettor74
    SportsBettor74's Avatar Become A Pro!
    Join Date: 06-19-19
    Posts: 184
    Betpoints: 2802

    Quote Originally Posted by raiders72001 View Post
    I'm not trying to dissuade you or anyone else from playing at Wagerr, but if a person wants to move $10k out of Wagerr and get it into Nitrogen in an hour he's going to take a real beating at the exchange. If you want to make a $10k bet at Wagerr you have to make 25 bets and the line may move. There are only 6 sports at Wagerr and no live betting. Wagerr is head and shoulders above the rest technologically but behind in sports markets, security (because they have their own chain) and transfer fees. All books should get rid of their database and add blockchain technology.
    My post is based on the assumption that you do not need to move money around as you have described to remain liquid at your preferred bookmakers. My post assumes that you can remain liquid at your preferred traditional bookmakers - and **in addition** make plays at Wagerr with a dedicated, ring-fenced stack.

    Only make plays at Wagerr where their odds are world-leading (as per my previous post). If they are world-leading then by definition they beat the bets you have already placed at your traditional bookmaker(s). And - if you are profitable at your existing, traditional bookmakers then it stands to reason that you will accumulate WGR tokens at Wagerr.

    (Assumption - you use a correct staking strategy e.g. employing the Kelly Criterion or similar)

  6. #216
    DontTailMe
    DontTailMe's Avatar Become A Pro!
    Join Date: 03-24-19
    Posts: 2,897
    Betpoints: 6810

    Quote Originally Posted by CryptoDgen View Post
    Almost isn't always, and on Wagerr this literally can't happen. Also, what if someone doesn't have access to A rated sportsbooks?
    The only reason I said almost always is because errors in judgement do sometimes happen when humans are involved. But the top rated books will correct those mistakes. You really don't have to worry at these places.

  7. #217
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Quote Originally Posted by CryptoDgen View Post
    You are correct but who is doing this lol? What percentage of people need to move $10,000 on one book, have $0 on another, and need to move it in an hour? Most people don't bet that big, most people who bet that big have what they need on all books they bet on at all times. That one out of a million person, Wagerr won't work for them. But again neither will Fanduel (A rated I believe) as I just explained above it took three days to receive my withdrawal from them and you could easily move that amount of Wagerr in that amount of time.
    just some arbers and bonus scammers

    If you know right people all you need is Pinnacle and Betfair and BetinAsia broker and you can get down anywhere from 50,000 to 200,000 nightly at great numbers

  8. #218
    52/48
    52/48's Avatar Become A Pro!
    Join Date: 09-20-21
    Posts: 8
    Betpoints: 24

    QUOTE=raiders72001;30544495]You're making an assumption that winning percentages close to 50% gives you (blockchain) no risk. It's not the winning percentage but exposure since all wagers aren't the same. [/QUOTE]

    So give me the numbers and will put them in the calculator. A few years ago I was super surprised to see the winning margin of a vegas casino was under 5% for the year on American basketball. Blew my mind to know it was that tight.

    Quote Originally Posted by raiders72001 View Post
    With the wagers that I saw from sss_a the line didn't move at all after approximately $10k in bets. Do your lines move or are they static? If they do move is it automated on action or air moves from lines you get elsewhere?
    Pretty sure that has been mentioned a few times. Yes, they can move. Both from external feeds but also the auto-balancing. The auto-balancing isn't super reactive for the most part. I'm not sure about the mechanics behind it. That level of risk control is beyond me lol. I'll leave it to the betting experts


    Quote Originally Posted by raiders72001 View Post
    I understand if you don't want to answer this question here but where do you get your opening lines from?
    haha, you talk like wagerr is trying to hide something... Pulled from multiple feeds. Occasionally is the feeds are not meeting the oracles criteria causing a particular match will be removed. This is something the oracle does automobility. Before you carry on, yes everyone knows it is not ideal. if that match doesn't get relisted your bets are refunded. Any penetrate ups that have ever happened have come out of the dev fund. The team have always been good like that.


    Quote Originally Posted by raiders72001 View Post
    I'm still looking over what sss_a posted but do you know the percentage of coins that the team owns? As I've posted before, the project is interesting but I'm still trying to figure out if this model is sustainable. There are way too many scams in the crypto world.
    I don't know the percentage but I'm very confident it’s not meaningful. Which I don't like. I'm more traditionally in the sense that If someone starts a company and they make it successful then they get rewarded for that. Decentialion means there is often little financial reward since coins are very distributed. So in the real world its ok if the owner of pinny gets rich but in crypto world that’s blasphemy. Honestly cant win either way lol.

  9. #219
    52/48
    52/48's Avatar Become A Pro!
    Join Date: 09-20-21
    Posts: 8
    Betpoints: 24

    Having trouble getting a image uploaded. Doesn't seem to allow direct attachments and adding droplink doesn work either lol

    Trying to get the infaltion calc up...


  10. #220
    52/48
    52/48's Avatar Become A Pro!
    Join Date: 09-20-21
    Posts: 8
    Betpoints: 24

    Value

    This thread has some funny arguments going on lol.

    Half the people say wagerr will die becasue its no limits and the the other half say plenty of books allow unlimited repops and its not a big deal.

    Since there are people now looking into wagerr form this thread I'm not really going to get into the arguments but ill share my thoughts on concepts and talk about those.

    One that keeps popping up, albit discribied in certain ways is VALUE.

    For me, one of the things about blockchain that has been the most fascinating is the concept of value. Where we find value now and in the future and how we measure it. From digital stores of value to income-producing yield curve assets. Tokenisation of everything..

    Video games are reliably hosting 10m + people attending online concerts. They are buying tickets, clothes and various avatar upgrades. People are making value from spending time inside the internet. It's being referred to as the metaverse. They may be a lot younger than me but 10m gathering in one location is enough to spark my interest.

    One nft example I like is ZED run. It’s a horse racing game. A racehorse can cost over 50k! but a lot less if you got in early. It costs money to enter races and you make money when they win! Sell-breed-race. Don’t for a second think it’s a bunch of stupid kids playing horses.

    Wagerr offers a sustainable sportsbetting ecosystem. A system that doesn’t need a human to pay you. You are paid by code. Yes, there are risks with that. Just like ETH and BTC code anyone can contribute to the improvement and integrity of wagerrs code. Some people even contribute for free as they want to see decentailised gamboling succeed.

    I'm not trying to push anything. I’m simply giving examples of value being made in blockchain ecosystems. The tokens of the said ecosystems will all be interchangeable in the not too distant future.

    This outside the box view isn’t for everyone, and that’s ok. 😊

    But it doesn't mean the people that are betting in the wagerr ecosystem are trying to scam you LOL!!

  11. #221
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    Quote Originally Posted by 52/48 View Post
    This thread has some funny arguments going on lol.

    Half the people say wagerr will die becasue its no limits and the the other half say plenty of books allow unlimited repops and its not a big deal.

    Since there are people now looking into wagerr form this thread I'm not really going to get into the arguments but ill share my thoughts on concepts and talk about those.

    One that keeps popping up, albit discribied in certain ways is VALUE.

    For me, one of the things about blockchain that has been the most fascinating is the concept of value. Where we find value now and in the future and how we measure it. From digital stores of value to income-producing yield curve assets. Tokenisation of everything..

    Video games are reliably hosting 10m + people attending online concerts. They are buying tickets, clothes and various avatar upgrades. People are making value from spending time inside the internet. It's being referred to as the metaverse. They may be a lot younger than me but 10m gathering in one location is enough to spark my interest.

    One nft example I like is ZED run. It’s a horse racing game. A racehorse can cost over 50k! but a lot less if you got in early. It costs money to enter races and you make money when they win! Sell-breed-race. Don’t for a second think it’s a bunch of stupid kids playing horses.

    Wagerr offers a sustainable sportsbetting ecosystem. A system that doesn’t need a human to pay you. You are paid by code. Yes, there are risks with that. Just like ETH and BTC code anyone can contribute to the improvement and integrity of wagerrs code. Some people even contribute for free as they want to see decentailised gamboling succeed.

    I'm not trying to push anything. I’m simply giving examples of value being made in blockchain ecosystems. The tokens of the said ecosystems will all be interchangeable in the not too distant future.

    This outside the box view isn’t for everyone, and that’s ok. 

    But it doesn't mean the people that are betting in the wagerr ecosystem are trying to scam you LOL!!
    What you're talking about here is the future. That's why I have coins such as YGG and ILV. I'd like to see Chicken Derby have ZED type success. I also buy NFTs that are used in a metaverse that are used in the game. You can buy land and weapons. Community plays a big role in the price. Some of the NFTs will soon be able to transfer from one metaverse into another. Wagerr isn't doing this. You don't have a character walking up to a clerk in a metaverse to place a bet but your concept is really good.
    Last edited by raiders72001; 09-22-21 at 10:35 PM.

  12. #222
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    You run the oracle, where do you pull the line feed? You're controlling 100% of it. How much does it take to move the line.

  13. #223
    52/48
    52/48's Avatar Become A Pro!
    Join Date: 09-20-21
    Posts: 8
    Betpoints: 24

    Quote Originally Posted by raiders72001 View Post
    You run the oracle, where do you pull the line feed? You're controlling 100% of it. How much does it take to move the line.
    Just like you were wrong on the only needing hash power, not coins to complete a 51% attack you are wrong on your claim here.I'm not part of the team. I definitely don't have access to the oracle thus do not control it.

    The closest I got to the team was watching David speak at an online gaming conference in Sydney. It was a pretty cool event. Lots ofquestions for wagerr! It was an industry event, no public. So, full of bookmakers and regulators. Whilst there was a lot of disbelief on the concept they were asking good questions. A Betfair delegate reached out to the Wagerr team. Wagerr delegates explained how Wagerrs unlimited liquidity works and considering that's Betfair biggest drawback (and the fact if you have a low margin on high volume strategy you get stung with a premium fee) I thought something might have happened between them. However, that was a few years ago and Wagerr wasn't where is it now. They have advanced a lot since then.

    The biggest thing I got from that conference was Tom Waterhouse talking about odds. He said that since books limit or ban winning punters they don't actually give a shit about odds and that there was plenty of opportunities to take advantage of that. I was betting a lot a the time so that was music to my ears. lol.

    I think it was the following year the facilitator of that conference, EGR, awarded Wagerr the most innovative startup award.
    Last edited by 52/48; 09-22-21 at 10:43 PM. Reason: spacing

  14. #224
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    Quote Originally Posted by 52/48 View Post
    Just like you were wrong on the only needinghash power not coins to complete a 51% attack you are wrong on your claim here.I'm not part of the team. I definitely don't have access to the oracle thus do not control it.
    The closest I got to the team was watching David speak at an online gaming conference in Sydney. It was a pretty cool event. Lots ofquestions for wagerr! It was an industry event, no public. So, full of bookmakers and regulators. Whilst there was a lot of disbelief on the concept they were asking good questions. A Betfair delegate reached out to the Wagerr team. Wagerr delegates explained how Wagerrs unlimited liquidity works and considering that's Betfair biggest drawback (and the fact if you have a low margin on high volume strategy you get stung with a premium fee) I thought something might have happened between them. However, that was a few years ago and Wagerr wasn't where is it now. They have advanced a lot since then.
    The biggest thing I got from that conference was Tom Waterhouse talking about odds. He said that since books limit or ban winningpunters they don't actually give a shit about odds and that there was plenty of opportunities to take advantage of that. I was betting a lot a the time so that was music to my ears. lol.

    I think it was the following year the facilitator of that conference, EGR, awarded Wagerr the most innovative startup award.
    I didn't say hash rate, if I did at that time it was because I thought you were PoW. You're PoS and tried to tell me that a 51% attack couldn't happen against your chain if you owned 51% of the coins. You said there are 3,000 nodes. It makes zero difference if there are 3,000 nodes.
    Last edited by raiders72001; 09-23-21 at 01:39 AM.

  15. #225
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    And you are 100% wrong about the oracle since you already said it was centralized.

  16. #226
    52/48
    52/48's Avatar Become A Pro!
    Join Date: 09-20-21
    Posts: 8
    Betpoints: 24

    Quote Originally Posted by raiders72001 View Post
    What you're talking about here is the future. That's why I have coins such as YGG and ILV. I'd like to see Chicken Derby have ZED type success. I also buy NFTs that are used in a metaverse that are used in the game. You can buy land and weapons. Community plays a big role in the price. Some of the NFTs will soon be able to transfer from one metaverse into another. Wagerr isn't doing this. You don't have a character walking up to a clerk in a metaverse to place a bet but your concept is really good.

    There is a massive wagerr sign in decentaland. Isuspect someone has plans to be able to use the wager sportsbook in there.Going to a new age tab lol

    Sure they aren't doing it yet. But the team knows the potential. Credit to them not chasing fad ideas and hyping the coin. Making sure the gambling code is sound is paramount. Can’t afford a exploit.

    Pretty sure its above the E in decentraland. Yuge, cant missit
    Last edited by 52/48; 09-22-21 at 11:06 PM.

  17. #227
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    sss_av
    Firstly, The only part as I explained earlier of the system that remains centralized is the 'oracle', (the engine feeding the events, odds and results in

  18. #228
    DontTailMe
    DontTailMe's Avatar Become A Pro!
    Join Date: 03-24-19
    Posts: 2,897
    Betpoints: 6810

    Quote Originally Posted by 52/48 View Post
    Inflation.

    This isn’t a big deal since inflation has been a very big part of our lives for the last decade. We have seen asset inflation in the realm (USA) of 15% to 20% pa. That’s huge. Whether you chose to ignore it or not, it plays a huge part in our lives. For those who chose not to ignore it, you learn how to hedge and or make it work for you. The same can be said for any economy.

    Away from the fiat economy, we have the wagerr economy.

    To offset the potential inflation with wagerr all you need to do is one thing. That is, be the house. We all know the house get a slice of all the winnings in all gambling systems. However, not all gambling systems allow the individual to take part! Wagerr does. It's called a Masternode.

    So, in this gambling system, a masternodes is like owning an ETF of all the best bettors in the world. When they win so do you. When a sharp/syndicate is on fire you get some of their winnings, when they have a losing streak, you take on zero of their losses.

    Wager has permanent solvency. You are paid by coding with zero human intervention. The chain creates value in the form of wagerr tokens and sends them to the winners' wallets. Loser’s tokens are removed from the system. Forever. This is the hard part for many to wrap their head around. You are not able to send this sportsbook broke.

    Therefore, it can be unlimited betting. No bankroll gets eaten away. Therefore there is no need to restrict the punter for fear of insolvency. Inflation you say? Right let's get back to it,,

    Wagerrs ‘Value Coupling’ is a beautifully simple concept. The more you understand the relationship between the mint, burn, fees and token price the greater the application you have for the model. It’s is a mechanism that that’s works to find the status quo between coin price, burn and mint relationship. Wagerr doesn’t need deflation or inflation to create value for the individual punter, if you both, bet and host nodes.

    Volume plays a large role in the circular economy of wagerr and we aren’t there yet. More importantly tho, the betting volume has been growing respectably. The chain is being used. Many bettors are finding value in wagerr.

    I have attached an image of my income calculator. Happy to add whatever numbers you like and post the results. For now, I have Wagerr turning over $100m in bets annually, half of the punters losing their bankroll and the other half increasing their bankroll by 105%. It's hard to come up with numbers that seem reasonable so im all ears! Anyways, have a look. Interestingly that masternode income doesn’t change if there is 1b coins or 500m coins as long as the $ amount bet per year stays the same. We don’t know where inflation/deflation/price per coin will settle. But if you are worried about inflation, get some nodes.

    When you play around with the calculator you see it doesn’t matter if there are large mints, low prices, huge burns or crazy token prices. Over time, value coupling will find an equilibrium between price-burn-mint since one ‘cog’ cant be at an extreme for too long. Imo it will be far more effective once we start turning over 200m+pa

    Nodes payout each week and many bettors use that income to bet with. Passive income!

    * This calc assumes that half of the betters will lose their bets and the other half will double their money. This means the chain break evens (not including fees and burns).
    * When changing B1 you are omitting the half of betters that lose their money and adding a per cent increase/decrease to the 50% of betters that have doubled their money. Eg, 2% selected in B1 means 50% of betters have returned 102%
    * The chain burns all bets ie the gross burn.
    Inflation.

    Actually, sorry I cant seem to attached a pdf, jpg or csv lol. Ill get it on here somehow
    [Another Wagerr investor desperate for their coins to increase in value has entered the chat room]

    This is like Agent Smith. They're multiplying.

  19. #229
    52/48
    52/48's Avatar Become A Pro!
    Join Date: 09-20-21
    Posts: 8
    Betpoints: 24

    Quote Originally Posted by raiders72001 View Post
    sss_av
    Edit - I will also let it go.
    Last edited by 52/48; 09-22-21 at 11:48 PM.

  20. #230
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    edit- will let it go.
    Last edited by raiders72001; 09-22-21 at 11:39 PM.

  21. #231
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    Quote Originally Posted by DontTailMe View Post
    [Another Wagerr investor desperate for their coins to increase in value has entered the chat room]

    This is like Agent Smith. They're multiplying.
    We need SBR to create a captcha that asks what's 5 x 3. It would cut down on some of these new guys.

  22. #232
    Alfie White
    Alfie White's Avatar Become A Pro!
    Join Date: 09-02-17
    Posts: 670
    Betpoints: 11820

    Or just quote their responses with "Naaaah.", this is getting ridiculous. Them showing wagerr down our throats even though it has been explained numerous times that there are MASSIVE SCREAMING red flags... pathetic.

  23. #233
    bigtymer56
    bigtymer56's Avatar SBR PRO
    Join Date: 07-31-12
    Posts: 4,738
    Betpoints: 8987

    Quote Originally Posted by SportsBettor74 View Post
    Some interesting arguments presented by both sides.

    I am a believer in the Wagerr system because I have a very high probability of losing nothing by adopting the Wagerr system [see prior post for the rationale] and at the same time I have a significant, non-zero probability of gaining something significant by adopting the Wagerr system.

    Therefore - for me - utilising Wagerr **in conjunction with my existing, traditional bookmaker betting system** is a "no brainer".

    Anyone on this forum who is interested in Wagerr - feel free to DM me. There is a dedicated telegram channel with at least 6 of the dev staff in daily attendance. The dev team plus all the early adopters there will be pleased to take anyone through the step by step process of acquiring WGR tokens and using the product. The telegram channel is very open and friendly and no question is too simple or obvious. We all had to start somewhere.

    Regards to all - irrespective of your particular position re: Wagerr.
    No need to join the telegram.This thread goes on long enough the entire active Wagerr community is going to join SBR.
    Points Awarded:

    Alfie White gave bigtymer56 2 Betpoint(s) for this post.

    DontTailMe gave bigtymer56 1 Betpoint(s) for this post.


  24. #234
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,759
    Betpoints: 9237

    You Wagerr guys are talking to bettors.

    Although plenty here are interested in the idea and the tech, sell a reason to bet there.

    Don't worry about selling the sizzle of the crypto project.

    And it has to be an awesome reason to get over the inconvenience of using a proprietary token.

  25. #235
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,759
    Betpoints: 9237

    Or is this all really mostly about you guys getting more WGR investors into the mix?

    I think it might be. As that is all most of you ever really want to talk about.


    But a user pool of mostly investors is not going to work. You can't all end in profit that way. You need gamblers to make this work.

  26. #236
    Alfie White
    Alfie White's Avatar Become A Pro!
    Join Date: 09-02-17
    Posts: 670
    Betpoints: 11820

    They have 40k USD turnover on average per day, that is piss poor and with that said I don't buy the "THERE ARE SO MANY PEOPLE WHO ADOPTED IT AND USE IT DAILY" narrative.

  27. #237
    CryptoDgen
    CryptoDgen's Avatar Become A Pro!
    Join Date: 09-22-21
    Posts: 28
    Betpoints: 30

    Quote Originally Posted by Optional View Post
    You Wagerr guys are talking to bettors.

    Although plenty here are interested in the idea and the tech, sell a reason to bet there.

    Don't worry about selling the sizzle of the crypto project.

    And it has to be an awesome reason to get over the inconvenience of using a proprietary token.
    Maybe you missed my post? Here are the 5 reason I bet on Wagerr. I know your not big on #5 but what do you think about the other points?


    1. No geo-restriction- much of the world does not have legal sports betting options available to them. This means trusting an untrustworthy 3rd party with your bankroll.

    2. Security- You hold your own funds in your own wallet, NO ONE can steal these funds from you. This is important for people that fall into category 1. Also, you do not have to trust a person/company to pay out your winning bets, you trust a smart contract.

    3. No KYC- I don't know about you but I'd like as few people to have access to my personal info as possible. You don't have to give Wagerr your name, let alone your Social Security Number, to bet there

    4. Best Odds- Why do you want to give so much of your winnings to the sportsbooks? Wagerr doesn't have huge overhead, doesn't spend millions on advertising, doesn't have the same profit motive as traditional books do, so they can offer better lines. As volume increases and the platform continues to grow the odds will continue to get better

    5. No one is limited - If you are a winning bettor you are welcome, no limiting bettors on Wagerr. You can bet as much as you would like 10,000 WGR at a time.

  28. #238
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    Quote Originally Posted by Optional View Post
    You Wagerr guys are talking to bettors.

    Although plenty here are interested in the idea and the tech, sell a reason to bet there.

    Don't worry about selling the sizzle of the crypto project.

    And it has to be an awesome reason to get over the inconvenience of using a proprietary token.
    I love the idea, I love the concept but because you use blockchain technology doesn't mean you're decentralized. Bookmaker could replace a lot of their database with blockchain tech and they're still centralized.

    Most gambler's don't care what goes on behind the scenes. It's similar to VeVe collectibles. When they secure their money transmitter license, the public doesn't care that OMI is used or any type of blockchain tech. Wagerr has to sell as a safe sportsbook to grow.
    Last edited by raiders72001; 09-23-21 at 10:25 AM.

  29. #239
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    Quote Originally Posted by CryptoDgen View Post
    Maybe you missed my post? Here are the 5 reason I bet on Wagerr. I know your not big on #5 but what do you think about the other points?


    1. No geo-restriction- much of the world does not have legal sports betting options available to them. This means trusting an untrustworthy 3rd party with your bankroll.

    2. Security- You hold your own funds in your own wallet, NO ONE can steal these funds from you. This is important for people that fall into category 1. Also, you do not have to trust a person/company to pay out your winning bets, you trust a smart contract.

    3. No KYC- I don't know about you but I'd like as few people to have access to my personal info as possible. You don't have to give Wagerr your name, let alone your Social Security Number, to bet there

    4. Best Odds- Why do you want to give so much of your winnings to the sportsbooks? Wagerr doesn't have huge overhead, doesn't spend millions on advertising, doesn't have the same profit motive as traditional books do, so they can offer better lines. As volume increases and the platform continues to grow the odds will continue to get better

    5. No one is limited - If you are a winning bettor you are welcome, no limiting bettors on Wagerr. You can bet as much as you would like 10,000 WGR at a time.
    CryptoDgen - we seriously get it. The problem is security of our money or at least loss of value.

  30. #240
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    Add the limited markets, no HT betting and no live betting. Then the fees are crazy as it is right now. Why hasn't that been solved in 3 to 4 years? They could have built on a chain with cheap fees. I originally thought they were an ERC20 token but they're not. Hopefully ETH fees will be solved soon.
    Last edited by raiders72001; 09-23-21 at 10:39 AM.

  31. #241
    CryptoDgen
    CryptoDgen's Avatar Become A Pro!
    Join Date: 09-22-21
    Posts: 28
    Betpoints: 30

    Quote Originally Posted by raiders72001 View Post
    I love the idea, I love the concept but because you use blockchain technology doesn't mean you're decentralized. Bookmaker could replace a lot of their database with blockchain tech and they're still centralized.

    Most gambler's don't care what goes on behind the scenes. It's similar to VeVe collectibles. When they secure their money transmitter license, the public doesn't care that OMI is used or any type of blockchain tech. Wagerr has to sell as a safe sportsbook to grow.
    Name me one other sportbook in the world where you can hold your funds in your own wallet. If you can do that I will agree, if not Wagerr is simply, at this time, the most decentralized sportsbook in the world (this does not include the other aspects that are decentralized as well).

  32. #242
    Alfie White
    Alfie White's Avatar Become A Pro!
    Join Date: 09-02-17
    Posts: 670
    Betpoints: 11820

    Quote Originally Posted by CryptoDgen View Post
    Maybe you missed my post? Here are the 5 reason I bet on Wagerr. I know your not big on #5 but what do you think about the other points?
    1. No geo-restriction- much of the world does not have legal sports betting options available to them. This means trusting an untrustworthy 3rd party with your bankroll.
    Ok, fair - but if you want to bet, you can surely find a way unless you are based in HEAVILY restricted area and are susceptible for taxation. GL explaining to the tax office where the funds are from. If you have access to normal banking and/or BTC, it is far more convenient. For heavily regulated markets, sure thing.
    Quote Originally Posted by CryptoDgen View Post
    2. Security- You hold your own funds in your own wallet, NO ONE can steal these funds from you. This is important for people that fall into category 1. Also, you do not have to trust a person/company to pay out your winning bets, you trust a smart contract.
    You should educate yourself, it is possible to steal Crypto.
    Quote Originally Posted by CryptoDgen View Post
    3. No KYC- I don't know about you but I'd like as few people to have access to my personal info as possible. You don't have to give Wagerr your name, let alone your Social Security Number, to bet there
    This is OK, maybe you should contact @RoyW about it, he surely would love it!

    Quote Originally Posted by CryptoDgen View Post
    4. Best Odds- Why do you want to give so much of your winnings to the sportsbooks? Wagerr doesn't have huge overhead, doesn't spend millions on advertising, doesn't have the same profit motive as traditional books do, so they can offer better lines. As volume increases and the platform continues to grow the odds will continue to get better
    Best odds? They are several clicks below the ones I see on brokers I use.
    Quote Originally Posted by CryptoDgen View Post
    5. No one is limited - If you are a winning bettor you are welcome, no limiting bettors on Wagerr. You can bet as much as you would like 10,000 WGR at a time.
    Can get 100,000+ EUR on brokers, with 1 click. 300 EUR per click is laughable for serious bettors.

  33. #243
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    Quote Originally Posted by CryptoDgen View Post
    Name me one other sportbook in the world where you can hold your funds in your own wallet. If you can do that I will agree, if not Wagerr is simply, at this time, the most decentralized sportsbook in the world (this does not include the other aspects that are decentralized as well).
    The most decentralized is why it's interesting.

  34. #244
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,759
    Betpoints: 9237

    @CryptoDgen, I did see your post before replying, and I did think it was exactly the way to go. But didn't want to seem argumentative right then ;-)

    But as I am the bad guy already, let me play devils advocate a little bit on your points.

    1) Take any country. I like that obviously. But will it draw unexpected legal issues for the team and node operators? You don't see many successful books open to anyone. If you grow large, I cannot see that being able to be continued.

    2) I love this part. In terms of having my betting funds in my "account" only in my control. But am a little more sceptical about the grading and in particular how errors or disputes over betting rules would be resolved post payment.

    3) Guaranteeing no KYC is like inviting people to do their best to exploit your book. Just about every decent size crypto book who started out talking no KYC has been forced to change to retaining the right to do KYC on players. And please do not try to tell me that you or your team cannot see any possible way to do that so it isn't possible. The minds behind Nitrogen, Cloudbet, Betcoin, and I think most other known names, started out thinking that they knew enough to beat sharp angle shooter minds too.

    3a) Guaranteeing no KYC is also a honeypot for criminal funds to be played. Which has been a tempting way for a few crypto books to build up their volume. But I think many of those would also tell you this a double edged sword. Eventually you deal with the wrong criminal that some govt agency wants badly and you get caught in that legal crossfire.

    4) Ok, sounds good. We ALL want best odds. If it is true it seems kind of strange that not one person has posted an example of these best odds over the last 7 pages. Seems like the obvious biggest draw for bettors! If attracting real bettors was ever the intention of this thread...

    5) Unlimited re-pops is a nice draw for many bettors here. Especially if the odds will barely move as has been suggested a few times. Just hope the odds setting oracle really is smarter than sharp bettors in the long run. I'd put it to you that $40k/day volume means that you have no real sharp bettors as yet to test it against btw.



    But more than all that, tell us bettors exactly the names of these exchanges where we can buy, how we fund them, how long that takes, how much we can expect to pay in fees to convert FIAT to WGR and WGR back to FIAT.

    Say I want to bet US$10000 on Panthers -8 tonight, and I want to have my winnings back in cash to go to Vegas this weekend? Is that possible and what is the real cost?

    And if there is any easy no-KYC option among those exchanges, or any other available method right now.

  35. #245
    raiders72001
    raiders72001's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 10,478
    Betpoints: 15294

    Where is the Wagerr team located? I'd guess they are spread out. It would be fun to see what each government thinks.
    Last edited by raiders72001; 09-23-21 at 11:11 AM.

First ... 45678910 ... Last
Top