Wagerr - blockchain based P2P betting platform

[Optional]

Yeah, it's built to pay a return for investors no doubt.

And that has corrupted it to some extent.

But we can live with that if the functionality, liquidity and bottom line costs end up ok.

It doesn't really matter if it's Betfair the corporation or a bunch of ICO investors charging the vig in the end.


From soon after I learned about Bitcoin many years ago I have been waiting for blockchain based p2p betting exchange. It seems almost the perfect application the tech was built for.

If we could have had a real community built, no investor overhead, solution I think it would have appeared by now. This is definitely a compromize but I bet we end up liking it if it does work and gain traction.

[danshan11]

they have no intention of making it work, zero intention, they have been fairly quite since the big pump. If the intention was to create a retail product they would market that, if they were actually building a wholesale product like the technology or backend, they would be promoting that, the only thing they promoted from day 1 is the coin. Remember the old statement follow the money and the money is the coin!

think about if you were building a betting site, you would not promote the **** cards , you promote the odds, the prices the bonuses, you promote the clout( who is involved in it, Credibility), bonuses on betting, better lines this has not come across as that at all! its all about the coin!

and if I was the one here on this site promoting it, I would promote why it works, why its badass for sports bettors since this is a sports bettor site not a node factory or a crypto site.

[Optional]

^^^ If you are right it wont matter to us in the end, as bettors.

[danshan11]

^^^ If you are right it wont matter to us in the end, as bettors.

yes it does matter cause it does what most ICOS do and that is cloud the water for the uninformed. People in the future say "I am not investing that killer site that is made for bettors do you remember that wagerr ICO, I lost 2k on that, the new betting network my arse!"

ICOS destroyed BTC for years and they will destroy more things and of course betting is on the hit list for sure, there is what 20 30 ICOS right now for bettors

and IF and only IF this fails it sets back the idea for years

[bigtymer56]

they have no intention of making it work, zero intention, they have been fairly quite since the big pump. If the intention was to create a retail product they would market that, if they were actually building a wholesale product like the technology or backend, they would be promoting that, the only thing they promoted from day 1 is the coin. Remember the old statement follow the money and the money is the coin!

think about if you were building a betting site, you would not promote the **** cards , you promote the odds, the prices the bonuses, you promote the clout( who is involved in it, Credibility), bonuses on betting, better lines this has not come across as that at all! its all about the coin!

and if I was the one here on this site promoting it, I would promote why it works, why its badass for sports bettors since this is a sports bettor site not a node factory or a crypto site.

Just to let you know this weekend they asked for people in the telegram group to join the testnet again...so I would calm down with all the "they have no intention of making it work" talk.

[lotuspod]

Just to let you know this weekend they asked for people in the telegram group to join the testnet again...so I would calm down with all the "they have no intention of making it work" talk.

This ^^

We're the farthest along and he's trying to single us out. Until he puts every other ICO betting coin under the same harshly biased scrutiny, then I can't take him seriously and there is really no point in me responding to him. And certainly not with all of his baseless and intentionally inflammatory accusations, I'm sorry but honestly how do I even begin to take someone like that seriously?

The real reason for promoting the coin is that if it's not spread out enough, then it's not truly decentralized and certain individuals/groups would have too much control. This is why they limited large buyers in the early rounds, they obviously don't care about the money - they care about decentralization...simple as that really.


Many others have shady pre-sales or even outright private sales at first(to raise as much as possible), WGR did none of that. Then they held to their word and capped it where they said they would, even risking millions of their own WGR on an imbalance of bets in their first promotional bet. And instead of keeping those winnings, they burned them for the good of the community...once again it's clearly not about the money with these guys.

I've already done my comparisons long ago, WGR is at the top of the list in its field and actually putting some distance on the competitors recently. We got a massive head start while other projects were screwing around trying to force betting to work directly on Eth or now EOS. If you look at many of the major ones now, they're all in a hurry to work out 'off-chain solutions' lol.

There will always be some investor overhead and/or some volatility, to think it will come right away...it's just too idealistic at this point. It's pretty damn hard to even just build a community alone, without some incentives. But maybe we are sowing the seeds for some more competitive networks with our open-source solution.

[danshan11]

Just to let you know this weekend they asked for people in the telegram group to join the testnet again...so I would calm down with all the "they have no intention of making it work" talk.

you are correct I am talking out of turn when I say they have no intention, I have no idea what their intentions are. I ask legit questions and they just dont get answered, I get labeled a breaker and complainer but in reality that is not my intent. you are correct and I do apologize about the comment of what their intentions are to lotus and the wagerr team

[lotuspod]

An addition to the previous discussion, the governance system is active with MN owners being able to vote on user-created proposals. Another step closer to giving bettors a strong voice, and the potential to enact real changes in the network - through MN consensus. Slowly but surely, things are being done the proper way.

Also nearly 30 million WGR has been bet so far on a limited schedule (with a limited wallet), about 15% of the entire supply. The burn/mint rate has moved fairly quickly at times, but currently sits quite close to expected averages, with almost 500k WGR burned. The new wallet is coming soon, far more user-friendly and can support many more events.

2019 is going to be fun.

[lotuspod]

The statistics page and net supply information should be working correctly again in the block explorer.

https://explorer.wagerr.com/#/statistics

Other than that, just waiting for the new wallet which is primarily focused on making things as fast and as simple as possible(no more long blockchain download times!). I'll update when more info becomes available on it.

And finally a picture, since supposedly it's worth a thousand words...





Edit - Total bet count currently stands at 44.3 million WGR.

[lotuspod]

Centralized books can't eliminate risks like these, sadly we're only going to see more and more of these...the risk/reward is far too high. Another risk that WGR eliminates, simply by not storing your sensitive information at all. How many more of these types of incidents are serious bettors willing to risk?

https://www.casino.org/news/curacao-online-gambling-data-leak-detailed-108-million-bets-exposed-customers-to-fraud

Stay safe out there people!

[danshan11]

If i took $5,000 from my bank and bought bitcoin and used that bitcoin to buy wagerr a year ago, how much of my $5,000 dollars would I have now if I cashed out today? I only mention btc as the medium to get the wagerr since I cant buy wagerr with my bank account directly or at least at that time I could not. and if I could have bought wager from an exchange using my bank account and $5,000 worth a year ago what would that be worth today if I cashed out today back to USD

[littlekona]

If i took $5,000 from my bank and bought bitcoin and used that bitcoin to buy wagerr a year ago, how much of my $5,000 dollars would I have now if I cashed out today? I only mention btc as the medium to get the wagerr since I cant buy wagerr with my bank account directly or at least at that time I could not. and if I could have bought wager from an exchange using my bank account and $5,000 worth a year ago what would that be worth today if I cashed out today back to USD

mlm for crypto..

https://coinmarketcap.com/currencies/wagerr/

[EasyTiger]

This looks promising. Created an account last night, but I am totally clueless as to how this works. I use Bitcoin frequently with online wallets, but am confused as to the process for creating a wallet for WGR. Anybody know of any tutorials for getting started with this platform?

[lotuspod]

This looks promising. Created an account last night, but I am totally clueless as to how this works. I use Bitcoin frequently with online wallets, but am confused as to the process for creating a wallet for WGR. Anybody know of any tutorials for getting started with this platform?

Latest version is here below on github along with documentation, the software was updated 5 days ago with improvements to the bet tab. Pick the one that best fits your OS. It's a full-node client so it has to sync with the whole chain, which may have to let it sit overnight the first time to download and store the chain.

https://github.com/wagerr/wagerr/releases/tag/v2.0.2

A much more modern wallet is coming sometime soon which is far more user-friendly and very little setup time, if you'd rather wait on that since this current QT wallet is really only meant to be a temporary solution for advanced users to have a bit of fun and test out some of the basic core functions. Or use the community-created Android mobile wallet, which is quite fast since it doesn't have to fully sync - https://github.com/LooorTor/wagerr-android/releases/


Many have found that a combination of desktop QT wallet and Android mobile wallet works best for them, until better solutions arrive. Also strongly recommended for users to get familiar with the WGR Block Explorer, particularly the Bet Events tab - https://explorer.wagerr.com/#/betevents


The absolute best place for quick info/support/discussion/etc 24/7/365 is the official WGR Telegram at - https://t.me/wagerrcoin There are always people there who can help, both team members and experienced users...being open source and transparent is a huge advantage here. Things have moved pretty quickly in these earliest stages, so fixed guides and such generally become out of date quickly for some things. Literally no days off in crypto, and certainly not when sports are involved too


Lastly, there's no account that needs to be made. All you really need is a WGR address(es), you can't be banned/restricted/etc and no personal info is required.


Edit - Just remembered a few different crypto pros making some easy-to-follow youtube videos on all of the major things also, Tidal Waves and Crypto Sharks. Might have to search their names + Wagerr to get the correct results. They even cover helpful/fun optional topics like vanity addresses and paper wallets / cold storage.

[Frank Mills]

It was over 50 cents a year ago. Now it's at 6 cents. I'm thinking about it but not sold


had a Wagerr and Waves wallet

[danshan11]

50 cents to 6 cents kinda hard to cover the juice LOL

[lotuspod]

“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” — Satoshi Nakamoto

[EasyTiger]

Thanks for all of the info lotus. Definitely very helpful!

[danshan11]

“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” — Satoshi Nakamoto

thanks Lotus, let me see if I get it, please clarify if I am wrong
if I bought $5,000 worth of wager to gamble 1 year ago, I would have bought 10,000 wagerr coins and lets say I stayed even betting on wager and had 10,000 wagerr left today and I sold them for cash I would get NOT my $5,000 I deposited, I WOULD GET $600 dollars.
I pay $5,000 dollars buy wagerr bet DONT lose and cash out I get $600 right or wrong?

but to clarify it would be nearly the same or worse if you did the same thing on a btc sportsbook

[bigtymer56]

thanks Lotus, let me see if I get it, please clarify if I am wrong
if I bought $5,000 worth of wager to gamble 1 year ago, I would have bought 10,000 wagerr coins and lets say I stayed even betting on wager and had 10,000 wagerr left today and I sold them for cash I would get NOT my $5,000 I deposited, I WOULD GET $600 dollars.
I pay $5,000 dollars buy wagerr bet DONT lose and cash out I get $600 right or wrong?

but to clarify it would be nearly the same or worse if you did the same thing on a btc sportsbook

You're correct.

The price currently moves up and down with the rest of crypto market. That's a gamble the users have to take.

On the other end of the spectrum, if you bought during the ICO (prices were between .5 and .10), you could've sold when it hit a dollar and looked like a genius.

Personally, I'm guessing there's alot people sitting on the sidelines waiting to see how the new wallet turns out.

[danshan11]

i think they should clearly state for the less minded like myself that the price goes up and down and the token value can really have impact on your money!

[noyb]

i agree. bettors want to bet, not worry about some random coin that apparently is able to depreciate 90% in a year. ventures like this make it really unattractive to be an early adopter. i'll try it when everybody's trying it, not before.

[bookie]

i think they should clearly state for the less minded like myself that the price goes up and down and the token value can really have impact on your money!

Agreed. Maybe it's a good idea, but bettors who come sniffing around looking for a low juice situation are not good candidates to be early adapters. It doesn't meet their needs for stable transaction costs. I'd also be worried about the liquidity of the market for the tokens.

[littlekona]

Is the sports book up and running? Just checking out signed up but can not find any wagering area. Do you need to download first?

[lotuspod]

Is the sports book up and running? Just checking out signed up but can not find any wagering area. Do you need to download first?

Yes but limited to 10-20 events at a time for now, you have to download the desktop QT wallet for now or the mobile Android wallet. Mobile is much faster to get up and running(doesn't have to check the whole chain), at least until the new wallet arrives soon. QT wallet has to download the whole chain from peers the first time so it's recommended to just let it run overnight, though to speed things up you can (optionally) download the bootstrap file and paste it in the appropriate place. Having both QT and mobile is the optimal setup for now, since you get the best of both.

One thing to note about the QT wallet, don't click the Bet Events tab until it fully syncs - it may also take 15-30 seconds to load. If you run into any issues, their Telegram is the best place to sort it out or DM me here. If you happen to be familiar with Dash or PIVX, much of it will be quite similar.

You can also see all of the betting traffic on the block explorer link above, just click the Bet Events tab there.

[lotuspod]

It's also worth noting that not all trading can be tracked by CoinMarketCap, or similar sites/tools. Nor does it even require buying btc first, as we've recently seen with Netcoins listing WGR.

[lotuspod]

One of the perks of transparency is being able to go back and see how much total betting action has taken place, down to every specific bet. The first image shows all of the individual bets along with previous odds changes, useful for confirming that a bet has been recorded on the chain - and cannot be erased or modified by anyone including the core team.

One thing to note, the odds don't reflect the fees (explained in the last image) but the supply change does.





The second image shows the total amounts on each side for the event, and how many coins were either minted or burned(supply change).




And this third image is from the statistics tab, it shows the total amount bet over the last 7 weeks - which has been growing at a faster pace each week. Currently closing in on 65 million WGR total bet amount so far.




Lastly, here's an image that explains the fees for on-chain betting:

[danshan11]

so if Pinnacle has a game at 2.50
i win at pinnacle i get 1.50 in profit
if I bet at wagerr I get 1.41 in profit

is that correct?

if it is correct, first it would be impossible to win long term, second why would anyone do that

[acquavallo]

so if Pinnacle has a game at 2.50
i win at pinnacle i get 1.50 in profit
if I bet at wagerr I get 1.41 in profit

is that correct?

if it is correct, first it would be impossible to win long term, second why would anyone do that

[COLOR=hsla(0, 0%, 75%, 1)]You collect $2.50/2.41: your original $1 back PLUS an extra NET of $1.50/1.41...……….[/COLOR]

[danshan11]

[COLOR=hsla(0, 0%, 75%, 1)]You collect $2.50/2.41: your original $1 back PLUS an extra NET of $1.50/1.41...……….[/COLOR]

I have no idea what you mean or wrote, can you clarify please

[lotuspod]

so if Pinnacle has a game at 2.50
i win at pinnacle i get 1.50 in profit
if I bet at wagerr I get 1.41 in profit

is that correct?

if it is correct, first it would be impossible to win long term, second why would anyone do that

Pinnacle wouldn't offer 2.0/2.0 on both sides though, so you have to account for that. They price their fee into their odds, while wgr does it afterwards.

In short, the fee of 6% on profit is equivalent to a 3% spread.

[danshan11]

you are beating around the bush.

give me a real life scenario an actual game that closed

[lotuspod]

you are beating around the bush.

give me a real life scenario an actual game that closed

Here's an easy one where it was 3/3/3 (Home/Draw/Away) at one point - https://explorer.wagerr.com/#/bet/event/SOC618

Or here's one I just noticed for today that's currently 2.0/2.0 exactly - https://explorer.wagerr.com/#/bet/event/MMA49

[danshan11]

on 2/19 Home Away line the PEnguins closed at 1.60
so at pinnacle if I bet 1 I would have made .6 take home put in my bank
what would I have made on Wagerr

[danshan11]

ok, lets use your example
on PInnacle I would have gotten 2.97 on Madrid so I bet 1 dollar and make 1.97 take home spend
and on wagerr what would i have gotten on Madrid ? 1.88?????