Wagerr - blockchain based P2P betting platform

[lotuspod]

never ever play with new books

NEVER..EXTREME HIGH RISK

It's legit and certainly not your traditional betting network JJ, for you in particular I'd send you some coins to make some free bets if you want. Maybe even send some to other active people around here too.

I understand being hesitant to throw $ at every new book that comes along though, some will want to wait a year or two and see how stable and secure it can be. One of the big improvements here is that the coins stay in your wallet protected by a private key, all of the bets are handled directly by the network...not some centralized third-party. Even if the team goes missing for whatever reason, the network can carry on and nobody loses their funds. The Oracle operators would handle issues by consensus, and anyone can be one of these.

[jimmy007oc]

One thing i don't like about traditional books is withdrawal waiting time. With Wagerr, bet will be graded by Oracle. We get control our coins. As typing this right now, i have been waiting Nitrogen to process my withdrawal for more than 2 hours.

[lotuspod]

New testnet contest is up for the NFL preseason, the last one was really helpful to the devs by finding bugs that were taken care of over the past few weeks. Also helped to make it a bit more user-friendly, which is an ongoing process and not very easy at least until the arrival of the new HTML5 wallet in the coming months.

It's still pretty rough around the edges, notably the Draw button in this release. Looks and such will be improved over time of course - usability is the main focus for now. On top of the prizes for the best bettors, there are bug bounties for whoever can identify any. Free chances to win a decent amount of crypto and it helps the devs improve the software...win/win.

Link below explains everything relating to the contest, if this test goes well then it means we'll see the launch of the real deal.

https://goo.gl/SEi7tJ

[danshan11]

why did wagerr need millions and millions of ICO money to build a sportsbook?

[danshan11]

you can buy sportsbook software for a couple grand

[danshan11]

and if its anything like fairlay, will be super low volume and with deposit and withdrawal fees and conversion from wagerr coins to btc, will be really hard to make any money beating the margin and fees involved as a bettor, all that =bad idea for bettors

[lotuspod]

why did wagerr need millions and millions of ICO money to build a sportsbook?

you can buy sportsbook software for a couple grand

It's all handled on its own chain, many teams are trying to solve this but hasn't been done by anyone yet...just a lot of hype from many projects built on top of eth mainly. This one is the closest to my knowledge.

With this, the cost for anyone to open their own book will be effectively 0 - it's all open source anyway. The network would handle most/all of the heavy lifting which is one of the main reasons why having its own token was a necessity. Once the network is up and running, it can continue on normally even if something happens to the team. That's one of the major differences between this and a network reliant on a single company.

There won't be any deposit or withdraw fees, and transaction fees are a small fraction of a penny. Any kinds of unnecessary fees such as those former would most likely get voted down anyway. The governance system itself is pretty interesting, there's really nothing stopping a large enough group of bettors pushing fees down as low as possible...among many other things.



The couple grand estimate is way off by at least a few 0's for legit decent-quality software minus all of the blockchain and other necessary modifications, unless it's a recurring fee and then there is most likely a clause where they keep x% as a fee.

[danshan11]

ok they brought in what 5 million dollars, is that enough LOL

you can create a token alt for dollars, you can have the best betting software for what 20-30 grand custom made from the ground up, come on with the BS big talk. They will never say what they are doing with all that money, we know these garbage cans are just like government give us your money and we will figure out how to spend it we know what you want. They build some crap pay themselves fat salaries and just wait for it dry up and say "we tried".

another serious question, what need does this fill? who needs a blockchain driven sportsbook. No margins, yeah well how do you pay your employees and how do you keep it operational, you got to advertise and this thing is not legal in what 70% of the worlds countries.
what are the true advantages that an old betting guy like me needs that I cant get filled now.
Betting exchange tons of them and they suck for me
Sportsbooks are hard to beat the 2% margin available
what purpose does this thing actually fill
they keep talking about blockchains and nodes and guess what 99.99% of gamblers dont give a shit or even know what that shit is.

[danshan11]

who are the gambling people on this project? I dont see anyone from Wynn or Pinnacle or anyone credible, a few russian guys talking about nodes, come on dude smarten up or if you are part of the project get rich and screw the little guy.

[lotuspod]

There's a reason for that amount of money, and it was actually ~10m raised. Even higher tbh since crypto was worth less back then. There aren't fat salaries, the main founder still drives his old Kia lol. The funds can easily be checked and major moves require some kind of explanation obviously. It's not just exchange betting either, you can bet directly against the chain in a more traditional manner too.

The project fills a lot of important needs, at the top of the list is that it prevents books from running off with the money. Your coins are yours, and yours alone as long as you're the only one who has the private key. All of the betting is completely automated across a network of thousands of dedicated servers...there's no central point of failure.

There will be new additions that bettors haven't really seen yet, such as the privacy/anonymity features. And staking your coins while not in use, which essentially earns a small interest based on how much you have. Larger amounts can run Oracles which are what processes the bets and collects the fees.

Really the only way to change the network is through its governance, which is controlled by users voting(those who own Oracles more specifically). All of the middlemen are cut out and the network handles these things faster, fairly, and more securely. There are no people or a company needed to keep it operational, it runs autonomously. Power is going back to the users, where it belongs imho.

It's difficult to speak on legality, but once this is launched it would be quite difficult to limit or shut down...look at btc and many other cryptos for example. A map of our masternodes/oracles shows pretty much a global coverage already, over 2200 of them.

I disagree that gamblers don't know tech, otherwise this huge amount of support wouldn't have built up around this project. They know what this would mean for bettors across the world, and the pressure it would put on existing sportsbooks to improve in various areas. Particularly we have a great deal of support in many Asian countries alone.

[Optional]

There's a reason for that amount of money, and it was actually ~10m raised. Even higher tbh since crypto was worth less back then. There aren't fat salaries, the main founder still drives his old Kia lol. The funds can easily be checked and major moves require some kind of explanation obviously. It's not just exchange betting either, you can bet directly against the chain in a more traditional manner too.

The project fills a lot of important needs, at the top of the list is that it prevents books from running off with the money. Your coins are yours, and yours alone as long as you're the only one who has the private key. All of the betting is completely automated across a network of thousands of dedicated servers...there's no central point of failure.

There will be new additions that bettors haven't really seen yet, such as the privacy/anonymity features. And staking your coins while not in use, which essentially earns a small interest based on how much you have. Larger amounts can run Oracles which are what processes the bets and collects the fees.

Really the only way to change the network is through its governance, which is controlled by users voting(those who own Oracles more specifically). All of the middlemen are cut out and the network handles these things faster, fairly, and more securely. There are no people or a company needed to keep it operational, it runs autonomously. Power is going back to the users, where it belongs imho.

It's difficult to speak on legality, but once this is launched it would be quite difficult to limit or shut down...look at btc and many other cryptos for example. A map of our masternodes/oracles shows pretty much a global coverage already, over 2200 of them.

I disagree that gamblers don't know tech, otherwise this huge amount of support wouldn't have built up around this project. They know what this would mean for bettors across the world, and the pressure it would put on existing sportsbooks to improve in various areas. Particularly we have a great deal of support in many Asian countries alone.

Sounds like it is coming together.

[lotuspod]

Sounds like it is coming together.

The most recent test went well, it's currently usable but the devs would like a bit more time to prep for an initial release. They will be working to improve it over time in the future also, so anyone can feel free to DM me with any suggestions or issues relating to it.

Maybe I'll throw out some free wgr here out of my own stash, in celebration of the release of decentralized betting. Then everyone can get a chance to try it without risking anything.

[Optional]

The most recent test went well, it's currently usable but the devs would like a bit more time to prep for an initial release. They will be working to improve it over time in the future also, so anyone can feel free to DM me with any suggestions or issues relating to it.

Maybe I'll throw out some free wgr here out of my own stash, in celebration of the release of decentralized betting. Then everyone can get a chance to try it without risking anything.

That sounds great, but either PM SBR Drew or email forum@sportsbookreview.com to check first. Both promoting stuff and doing any sort of money business on the forum is generally not allowed and although throwing around some WGR sounds good to me, it might be a bit too much without pre-approval.

[danshan11]

There's a reason for that amount of money, and it was actually ~10m raised. Even higher tbh since crypto was worth less back then. There aren't fat salaries, the main founder still drives his old Kia lol. The funds can easily be checked and major moves require some kind of explanation obviously. It's not just exchange betting either, you can bet directly against the chain in a more traditional manner too.

The project fills a lot of important needs, at the top of the list is that it prevents books from running off with the money. Your coins are yours, and yours alone as long as you're the only one who has the private key. All of the betting is completely automated across a network of thousands of dedicated servers...there's no central point of failure.

There will be new additions that bettors haven't really seen yet, such as the privacy/anonymity features. And staking your coins while not in use, which essentially earns a small interest based on how much you have. Larger amounts can run Oracles which are what processes the bets and collects the fees.

Really the only way to change the network is through its governance, which is controlled by users voting(those who own Oracles more specifically). All of the middlemen are cut out and the network handles these things faster, fairly, and more securely. There are no people or a company needed to keep it operational, it runs autonomously. Power is going back to the users, where it belongs imho.

It's difficult to speak on legality, but once this is launched it would be quite difficult to limit or shut down...look at btc and many other cryptos for example. A map of our masternodes/oracles shows pretty much a global coverage already, over 2200 of them.

I disagree that gamblers don't know tech, otherwise this huge amount of support wouldn't have built up around this project. They know what this would mean for bettors across the world, and the pressure it would put on existing sportsbooks to improve in various areas. Particularly we have a great deal of support in many Asian countries alone.

who are the betting experts on this project?

[danshan11]

I dont think pinnacle every ran off with anyones money. I guess I just dont understand what the 10m is for? like give me some chunks of where that goes no need for specifics

[danshan11]

I gamble say 4 or 5k a day overall every single day and I look for sharp lines most of my plays are at pinny.
What benefits would wagerr have for me
Pinnacle is not stealing my money
lowest margins in the industry maybe 1x can be better on some but valid point
sharpest lines gives me more opportunity.
what could wagerr do that pinnacle is not.

[danshan11]

I know I am being a complete pessimist but I just want to ask the tough questions, honestly my questions if answered should help you with credibility

[Optional]

I dont think pinnacle every ran off with anyones money. I guess I just dont understand what the 10m is for? like give me some chunks of where that goes no need for specifics

I don't think you are going to get straight/simple answers for this.

The investor pay back angle leaves me thinking this could be a fail too. But we don't know, and won't know, until it is running and actually see.

They have worked on this for a long time, it sounds like it has many of the features bettors would want from a decentralized and user controlled solution.

We just have to see 1) How much vig is effectively skimmed off the lines and 2) How the extra level of speculation with having to use WGR currency is going to affect things.

Thye have been working too long and openly to be simple scammers though. They are genuinely trying to create The solution.

[danshan11]

yeah but they work hard on it and collect paychecks well doing it from the ICO, that is the only way to not get in trouble with an ICO.
what purpose does it serve
wont steal your money who cares about that
and remember that wagerr coin moves and if you are like me the margin of winning is very very small and a slight wagerr price move could destroy any profits

[danshan11]

now not only do I have to beat the book, I also got to play alt currency trader, seems scary to me

[danshan11]

and I had stupid ass Flaherty on the Nats game today, using weaver I got the Cards -120, and I played the stupid nats thinking it was Flaherty,

[Optional]

now not only do I have to beat the book, I also got to play alt currency trader, seems scary to me

To be fair, that is the case with every crypto-only sportsbook. If you don't use Nitrogensports now for that same reason, then Wagerr probably wont be for you either.

You need to have some basic underlying faith in cryptos in general to want to bet here.


I think I mentioned to Lotuspod early on that I think one key is to find a way any currency can be used without the forex risk, by having a fixed rate, non-speculatable base token.

But how do you generate seed funding with that model...

[danshan11]

the issue is not even the wagerr movement its the price to convert it, coinbase does not accept wagerr so I got to pay a fee to turn wagerr into cash and that fee is probably higher than pinnys margin

[lotuspod]

the issue is not even the wagerr movement its the price to convert it, coinbase does not accept wagerr so I got to pay a fee to turn wagerr into cash and that fee is probably higher than pinnys margin

We're working on fiat conversions too, and also I know of at least one exchange where the fees are just pennies to convert wgr to btc...no matter how high the amount is though slippage could be an issue then. Transactions directly on the wgr network itself (sending to/from friends and such) only cost a small fraction of a penny. This is one of the nice advantages of using separate chains/coins.


Edit - Just noticed we're now in the top 200 coins

[danshan11]

who are the betting experts that work for you?

[danshan11]

We're working on fiat conversions too, and also I know of at least one exchange where the fees are just pennies to convert wgr to btc...no matter how high the amount is though slippage could be an issue then. Transactions directly on the wgr network itself (sending to/from friends and such) only cost a small fraction of a penny. This is one of the nice advantages of using separate chains/coins.


Edit - Just noticed we're now in the top 200 coins

see that shit is that scares me top 200 coins, it seems like your emphasis is coins not betting. I think betting is just an after thought and shit like that makes me believe it even more.

[danshan11]

and please quit ducking and dodging the experts question, obviously if you are opening a book you have to have some betting experts working

[lotuspod]

and please quit ducking and dodging the experts question, obviously if you are opening a book you have to have some betting experts working

We have a few on the team, and also many other contributors from the community who tend to specialize in various different sports and/or locations. Being open-source allows for anyone to contribute and in many cases get rewarded for it. It is up to each contributor if they want to disclose their identity though, and there are many valid reasons for not doing so...especially as something like this could make much of the current industry obsolete over time.

The emphasis has to be on both the blockchain and betting sides, having people who understand both are invaluable at this point. The chain is the foundation for the whole system so it's naive to neglect it.

Regarding the funds raised - actually I can give some fairly straightforward info. Before the ICO there was a rough breakdown on what % would go where. It's been refined over time and made more efficient of course. Fund addresses are available and anyone can keep track of the balances (which quite a few people do), and larger movements are typically discussed in an update with further discussion among the community afterwards where we gather feedback.

I recently did a comparison on how much the founders/advisors of various betting projects withheld for themselves, nearly all were in the 25-40% range. Wagerr kept only 8%. You cannot have a truly decentralized network if a very small minority hold a massive percentage of the total supply. Also large buyers were limited in the ICO to further discourage this.

If there is enough interest in a more stable-value option, I'm almost certain it's possible tech-wise. That's one of the good things about the governance system, you could propose it and quite possibly get it done.

[danshan11]

you ducked and dodged even more
who are these respected betting experts, not one name and they are on your team?
and you gave me zero of where the money is going
5 million build a site
2 million for a new stadium
1 million on ads
1 million legal
something like that is fine
AND COME on dude are you high when you write this, this will make all other markets obsolete, did you know they just legalized state gambling in the US and you think the world is gonna just buy wagerr coins and gamble with you only, that might be the funniest thing I read.

ducking and dodging looks shady. I bet your next post is something like " you are just trying to be negative, you can research more on us at our site or read our whitepaper" something like that I guess.

[danshan11]

I think its less than 2% use bitcoin to gamble online, 2% with bitcoin and you think wagerr is going to change the game. What are there 2 cloud and nitro who actual have some traffic with cryptos, everyone else accepts cryptos as a fund and withdraw method only. I am naive when I see cleavage not nodes!

[lotuspod]

AND COME on dude are you high when you write this, this will make all other markets obsolete, did you know they just legalized state gambling in the US and you think the world is gonna just buy wagerr coins and gamble with you only, that might be the funniest thing I read.

'could make much of the current industry obsolete over time' Certainly not all markets or anything like that of course, but removing the need for middle-men, custodial risks, and such - yes. Look at what the internet did with sportsbetting, it's somewhat difficult to think that further technical advances won't have any impact on sportsbetting. Realistically it only has to capture an extremely small percentage of the overall betting market to continue to function well.


The US isn't the only betting market either, we have a strong presence in Asia (particularly South Korea) and other locations.

Also it's not like we're asking you for money, it's already been put up and this is going to happen. The only reasons I can think of for someone to buy now would be speculation, support of the cause, and/or anticipation of betting soon.

[danshan11]

you ducked and dodged even more
who are these respected betting experts, not one name and they are on your team?
and you gave me zero of where the money is going
5 million build a site
2 million for a new stadium
1 million on ads
1 million legal
something like that is fine
AND COME on dude are you high when you write this, this will make all other markets obsolete, did you know they just legalized state gambling in the US and you think the world is gonna just buy wagerr coins and gamble with you only, that might be the funniest thing I read.

ducking and dodging looks shady. I bet your next post is something like " you are just trying to be negative, you can research more on us at our site or read our whitepaper" something like that I guess.

never addressed any of this and this is a red flag

[Optional]

'could make much of the current industry obsolete over time' Certainly not all markets or anything like that of course, but removing the need for middle-men, custodial risks, and such - yes. Look at what the internet did with sportsbetting, it's somewhat difficult to think that further technical advances won't have any impact on sportsbetting. Realistically it only has to capture an extremely small percentage of the overall betting market to continue to function well.


The US isn't the only betting market either, we have a strong presence in Asia (particularly South Korea) and other locations.

Also it's not like we're asking you for money, it's already been put up and this is going to happen. The only reasons I can think of for someone to buy now would be speculation, support of the cause, and/or anticipation of betting soon.

Agree, the model could be world changing for gambling if uptake is strong enough.

I don't know if Wagerr will be the one to do the changing. But the model itself is a definite market disrupter idea.

[clockwise1965]

Simply foolish to even comment on this posters thread. Anyone that understand crypto and sportsbetting. Knows this thread is purely garbage.

[danshan11]

Simply foolish to even comment on this posters thread. Anyone that understand crypto and sportsbetting. Knows this thread is purely garbage.

what part of it is garbage?