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

[raiders72001]

Raiders, this just isn't true. Where are you getting the centralized for the most part and Wagerr pays some of the winners through Ionomy?

I get you are helping to explain the risks but you are also making claims that aren't true. I mean two day ago you didn't know Ionomy existed and now its facilitating the book? I want to try and clear up this thread a little.

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). Which again looks like it won't be in 12-18 months. The rest of the chain is run by the nodes. By the public. I'm glad you got the correct info regarding wallets. Here is a link showing the distribution https://chainz.cryptoid.info/wgr/#!rich You have to ignore the first 2 addresses as the website incorrectly reads the chain but you can see there that it is well distributed.

I get many in this forum are of the opinion that the model wont work. My rebuttal is that we have sharps on the system now. How do we know this? We talk to them, they are in the community. Of course everyone around Wagerr understands that if you mint too much you devalue the currency, we spell it out in the documentation. Again there is a risk of using WGR, if you are not comfortable with that do not use it. Yes, in the earlier years there was opportunities for bettors to take advantage of the chain. and Good on them, they adopted this early and they were rewarded. The mint rate as of today, YTD is 0.08%, hardly close to what many would think. And Wagerr has more upgrades in line that will enable it to better manage the risk and introduce things like casino games that will have a net guarantee burn.
Still if the mint is a concern for you, by all means watch, wait it out, Wagerr will still be around and as the betting volume increases and WGR gets burned I'd hope you get more comfort around the model. Remind yourself that Wagerr has been live for 3 years now and it's still going.

People also using it understand that liquidity on the exchanges could be better. And yes that practically should make it difficult for someone to bet very large amounts, but at the risk of sounding repetitive. Wagerr is built for no limits, it will never cut you off nor limit you. See point above for the risks associated with this. (we get it). As a counter what people are doing in the community is hedgin their WGR out. They are betting on one side of a market on WGR with the intention to lose and on the other side of the market in another book thereby bypassing the exchange altogether.

Ultimately, if you have a good experience with your current books by all means continue to use them. If you don't, if you don't have access to a book or If the idea of a book where the users are the house interests you feel free to ask questions about Wagerr. I will even let you try it for free, so that there is no risk for you to take.

This is live and in the last week while we have been talking about it not working there has been ~$400k USD bet through the system. How do I know? Because it is the most transparent book out there. explorer.wagerr.com

@Raiders, I haven't hit my 40 post limit so cannot respond to you.

The point of the original post was to introduce this. It's clear to me that there is a big difference between the perception of Wagerr here vs the reality. I want to close that gap. As others have said, it is important to remain wary in crypto. after 3 years of being live and happy users I would think that Wagerr would have earned more respect than SCAM or Ponzi. The few people that have reached out from SBR to test it out including EZ tiger have had a good experience in learning. Maybe the system isn't perfect but it is improving and it might not have value to you but it has value to plenty of people that want a betting platform like Wagerr.

Why do we ignore the address that holds over 70% of the WGR? When I saw that there's a wallet holding over 70% of the coins, I thought Wagerr held a majority of the coins. If someone were to win $50k and that was put up to sell on the open market, who would buy it? Hedging out doesn't always work. I'm also interested in your lines. They looked like they were Pinnacle to me but then I read that you move on action. Is that true?

I've looked at the system, and it's great. Wagerr even walks people through how to buy coins and add liquidity. All bets can be publicly viewed. It's not my intent to misportray Wagerr. This project really interests me and I did a lot of research including listening to audio of Wagerr and reading the background of David. When I thought you guys controlled 70% of the coins, that says centralized book.

[raiders72001]

sss- I'm not sure of your background but the others that I've read from Wagerr don't have much of a gambling background. If you have a gambling background then you know it's impossible to sustain a book with no limits. If Wagerr isn't taking the loss then the rest of us are taking the loss.

[sss_av_ltd]

Why do we ignore the address that holds over 70% of the WGR? When I saw that there's a wallet holding over 70% of the coins, I thought Wagerr held a majority of the coins.

The first two are errors in how they interpret the data. We are getting into a bit of the technical detail of how Wagerr works but the OP_Code is how betting data is pushed on the Wagerr chain. Chainz doesn't know how to parse the betting data, which in their defense they aren't built specifically for Wagerr they are a general tool to look at blockchain data.. Also, the first two addresses suggest they have 320m in WGR, there is only ~218m WGR so clearly it's not right.

If someone were to win $50k and that was put up to sell on the open market, who would buy it? Hedging out doesn't always work.

You've answered the question yourself... the open market buys the WGR. As there is people wanting to ' cash out' on Wagerr there are people also wanting to get in. I think as you've raised before is that more people will want to cash out then cash in because of the large mint.... so far that isn't an issue particularly looking at YTD. And yeah hedging might not always work but a lot of people have had success with it.

I'm also interested in your lines. They looked like they were Pinnacle to me but then I read that you move on action. Is that true?

The best thing you can do here is go through betting events where there has been large betting volume and look at the line movements when betting volume has hit the chain. here is just one example: https://explorer.wagerr.com/#/bet/event/92609

I've looked at the system, and it's great. Wagerr even walks people through how to buy coins and add liquidity. All bets can be publicly viewed. It's not my intent to misportray Wagerr. This project really interests me and I did a lot of research including listening to audio of Wagerr and reading the background of David. When I thought you guys controlled 70% of the coins, that says centralized book.

I appreciate you asking these questions, I'm just doing my best to give you accurate information to things that I admit are confusing.

[sss_av_ltd]

sss- I'm not sure of your background but the others that I've read from Wagerr don't have much of a gambling background. If you have a gambling background then you know it's impossible to sustain a book with no limits. If Wagerr isn't taking the loss then the rest of us are taking the loss.

I think that is also a misconception there is people working on Wagerr with significant betting experience. One of the lead guys has consulted to many leading books on risk management for many years. Wagerr needs the technical expertise as well as the betting expertise, it might be that you've heard the technical side and assumed no betting experience.

I disagree on the no limits, I explained before that someone can't come into Wagerr and place a million dollar bet in one go. There is a limit on the slip of 10,000 WGR. ~$400 USD. Whilst this is small there had to be a limit set and that was chosen at the start, mind you if WGR is a $1 that limit is $10,000 USD. Work is currently being done to allow much larger bet slips on the liquid markets and on shorter odds. so that a user doesn't have to make the same bet 20/30 times. But as per previous post your best bet to understand this is to look at the events where there is large volume and see the line movements. You can see that the betting liquidity is deep.

And yes I understand that if more mint happens it affects the price of WGR which hurts everyone. By the same argument if there is more burn the rest of us are taking the win. I put it like this. Wagerr is presenting a model where losses of the book are socialized amongst all users and when the book wins (burns) this benefits all users. Time will tell.... YTD data has it flat. Lets see how it goes.

I guess also by the same argument could you explain why the mint isn't larger? We know there are sharps on the platform why isn't it minting at a much higher rate.

[DontTailMe]

I think that is also a misconception there is people working on Wagerr with significant betting experience. One of the lead guys has consulted to many leading books on risk management for many years. Wagerr needs the technical expertise as well as the betting expertise, it might be that you've heard the technical side and assumed no betting experience.

I disagree on the no limits, I explained before that someone can't come into Wagerr and place a million dollar bet in one go. There is a limit on the slip of 10,000 WGR. ~$400 USD. Whilst this is small there had to be a limit set and that was chosen at the start, mind you if WGR is a $1 that limit is $10,000 USD. Work is currently being done to allow much larger bet slips on the liquid markets and on shorter odds. so that a user doesn't have to make the same bet 20/30 times. But as per previous post your best bet to understand this is to look at the events where there is large volume and see the line movements. You can see that the betting liquidity is deep.

And yes I understand that if more mint happens it affects the price of WGR which hurts everyone. By the same argument if there is more burn the rest of us are taking the win. I put it like this. Wagerr is presenting a model where losses of the book are socialized amongst all users and when the book wins (burns) this benefits all users. Time will tell.... YTD data has it flat. Lets see how it goes.

I guess also by the same argument could you explain why the mint isn't larger? We know there are sharps on the platform why isn't it minting at a much higher rate.

If that's the case, then I'd just like to note that this already exists elsewhere. There are other site which manage tight books, such as Bookmaker, where you can make very large bets, and then you can bet that maximum amount again, and again, and again...

[Go_Rilla]

1 or 2% (average) ROI on a per wager basis is all that is required to make a butt load of money at traditional sportsbooks. If you had a book with no limits...wowzers!

That was average ROI per year not per wager.

[Go_Rilla]

Any book that gives no limit betting on openers will go bankrupt.

I was told by a team member that to protect the chain the events are not listed on opening day so other books can adjust their lines first so that when Wagerr adds the event the lines are more accurate and can't be exploited.

[52/48]

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

[raiders72001]

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,,

This is the part that bothers me the most and which is why I was very uneasy with what sss_a was saying. 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. You state unlimited betting but we didn't know that there was a max bet of less than $400. Stating no limit betting is misleading when each bet is limited to $400. If you aren't adjusting the line that you open with, that will give you exposure. A lot of exposure with winning players makes WGR coin worthless. You'll mint more than burn.

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? I understand if you don't want to answer this question here but where do you get your opening lines from? 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.

[raiders72001]

For guys with little time and looking for gambler's speak, they burn losing coins. For winners they mint more tokens along with minting tokens for the development team and stakers (a little more work involved since you're running a masternode). I think that value coupling is a new concept.

[Optional]

Believe what you see, not what the rampers trumpet.

And before you "advertisers get all butt hurt", you were claiming No Limits 24 hours ago.

Showing how you will believe and repeat the BS the rest of investors say without a second thought if it suits your marketing efforts.

And then argue with gamblers that you know better.

[GuyNamedJoe]

Close.
From what I read all bets are burned.
Winning bets are minted along with the juice that contains a slice for the dev fund, oracles, and master nodes.
It's interesting. Rather than Mr. Pinnacle getting rich an open source community shares in the spoils.

[raiders72001]

Believe what you see, not what the rampers trumpet.

And before you "advertisers get all butt hurt", you were claiming No Limits 24 hours ago.

Showing how you will believe and repeat the BS the rest of investors say without a second thought if it suits your marketing efforts.

And then argue with gamblers that you know better.

I think you're right. I'm trying too hard to figure out a reason to play there because I like the idea but haven't found one yet.

[Alfie White]

There are not betting limi...

All reviews are genuin...

Every backer of the project on the forum know what they talk abou...

well shiet.

[raiders72001]

There are not betting limi...

All reviews are genuin...

Every backer of the project on the forum know what they talk abou...

well shiet.

Less than $400 limit per bet.

[SportsBettor74]

My position on Wagerr is as follows:

1. I bet to make money. All other considerations are subordinate to this.

2. I am a profitable bettor

3. Because I know I am profitable - I will always bet at Wagerr - IF AND ONLY IF the odds presented at Wagerr are better for the line I have already taken at the traditional bookmaker

4. A brief inspection over the last 7 days has shown me that Wagerr DOES IN FACT have world leading odds for a number of markets (markets that I had already taken at traditional bookmakers)

5. Even if the WGR token tanks to zero value I have lost nothing given 1-4 above. If it does not tank to zero (and it will not) then I have made money

6. Therefore - for me it is a "no brainer" to bet at Wagerr where the odds permit - for the reasons given in 1 - 5 above

6a. Throw in the possibility (quite likely for some, moderately likely for others) that Wagerr and WGR are the future of betting and the WGR tokens you accumulate via 1-4 above could increase in value by 10x or 100x. This possibility is a "gamble" I will take every day of the week.

7. If you are not profitable - or if you bet with the expectation of not making money - then 1-6 above may not apply to you - and perhaps therefore Wagerr is not for you.

[Go_Rilla]

Less than $400 limit per bet.

I take back my comment of you being unbiased and rational, it was clearly explained that you that can make the 400$ aka 10,000 WGR bet as many times as you want per event. Which will move the line depending on how the algorithm reacts, sometimes the line will more sometimes it wont. It's clear you are not after the truth.

[DontTailMe]

5. Even if the WGR token tanks to zero value I have lost nothing given 1-4 above. If it does not tank to zero (and it will not) then I have made money

I don't get this part. Something is missing. Are you saying that you've already converted enough WGR betting profits back to fiat or some other crypto/currency to cover your up-front investment? Because otherwise, you could take a loss.

Edit: Additionally, you would have an opportunity cost, since you place wagers at Wagerr which you would have other wise placed elsewhere.

[DontTailMe]

I take back my comment of you being unbiased and rational, it was clearly explained that you that can make the 400$ aka 10,000 WGR bet as many times as you want per event. Which will move the line depending on how the algorithm reacts, sometimes the line will more sometimes it wont. It's clear you are not after the truth.

First, you should tone down the insults. It's clear from the comments on this page that a lot of people missed that part. There are a lot of words to wade through in this thread. I did see something about like this mentioned a page or so back, but was distracted before I could say anything.

As mentioned above, there is nothing novel about this. Meanwhile, people in this thread have been saying "NO LIMITS!!!" as one of the main selling points of this approach.

[52/48]

Is there a way to del your own post!? lol

[raiders72001]

My position on Wagerr is as follows:

1. I bet to make money. All other considerations are subordinate to this.

2. I am a profitable bettor

3. Because I know I am profitable - I will always bet at Wagerr - IF AND ONLY IF the odds presented at Wagerr are better for the line I have already taken at the traditional bookmaker

4. A brief inspection over the last 7 days has shown me that Wagerr DOES IN FACT have world leading odds for a number of markets (markets that I had already taken at traditional bookmakers)

5. Even if the WGR token tanks to zero value I have lost nothing given 1-4 above. If it does not tank to zero (and it will not) then I have made money

6. Therefore - for me it is a "no brainer" to bet at Wagerr where the odds permit - for the reasons given in 1 - 5 above

6a. Throw in the possibility (quite likely for some, moderately likely for others) that Wagerr and WGR are the future of betting and the WGR tokens you accumulate via 1-4 above could increase in value by 10x or 100x. This possibility is a "gamble" I will take every day of the week.

7. If you are not profitable - or if you bet with the expectation of not making money - then 1-6 above may not apply to you - and perhaps therefore Wagerr is not for you.

This is a very good post and I agree with most. In (4) if it does have the best line in the market, how much can you get down since the odds can change. I should have looked deeper since I didn't see that. For (5) using your criteria, if the value of the coin decreases, then you would have made more elsewhere. Also, I'm not sure if you looked at the order book at the centralized exchanges or volume being done at the decentralized exchanges. You take a beating when you go to cash in.

[raiders72001]

I take back my comment of you being unbiased and rational, it was clearly explained that you that can make the 400$ aka 10,000 WGR bet as many times as you want per event. Which will move the line depending on how the algorithm reacts, sometimes the line will more sometimes it wont. It's clear you are not after the truth.

The point is Wagerr is misleading. If Bookmaker has $100k limit in the NFL, it means you can bet $100k. It doesn't mean that you can bet $20k five times. If a book is misleading one time, are the misleading at other times.

[raiders72001]

I'll take a screenshot of the volume at the decentralized exchanges and order book at Ionomy.

[Go_Rilla]

First, you should tone down the insults. It's clear from the comments on this page that a lot of people missed that part. There are a lot of words to wade through in this thread. I did see something about like this mentioned a page or so back, but was distracted before I could say anything.

As mentioned above, there is nothing novel about this. Meanwhile, people in this thread have been saying "NO LIMITS!!!" as one of the main selling points of this approach.

There are many other reasons why Wagerr is novel, not just the no limits part. For example, automatic guaranteed payouts, you are always in control of your funds as they stay in your private wallet, no-geo restrictions, anonymous bets, transparency- you can see all bets and line movements as everything is recorded on the blockchain. There are more but that's just off the top of my head.

[raiders72001]

[raiders72001]

[raiders72001]

There are many other reasons why Wagerr is novel, not just the no limits part. For example, automatic guaranteed payouts, you are always in control of your funds as they stay in your private wallet, no-geo restrictions, anonymous bets, transparency- you can see all bets and line movements as everything is recorded on the blockchain. There are more but that's just off the top of my head.

I like having your own wallet and transparency. The DeFi made me take a deep dive into Wagerr.

[sss_av_ltd]

I really don't think I was trying to be misleading or Wagerr is trying to be misleading in saying no limits.

I did post this on the 2nd or 3rd post to explain how it worked with the $400 slip.

Anyway to address the $400 bet slip. Because of the design of Wagerr a limit of some description had to be set, its arbitrary but 10,000 WGR was chosen. In hindsight I think everyone agrees it should have been higher but keep in mind that if the price of WGR was higher then this limit would naturally increase too in USD terms. I continually point to the explorer to show examples of how large bets are put on the chain without line movement. The chain is not re assessing the odds after every single click and it's not profiling players which tends to happen in many books. Wagerr is assessing the risk at an aggregate level and the odds CAN change. The explorer shows how little this occurs and future development will allow much bigger slips.

But again Wagerr will never ban an individual (because all individuals remain anonymous), bets will never be limited, users are free to bet as much as they want. That is why it say's no limits.

[sss_av_ltd]

Believe what you see, not what the rampers trumpet.

This is why I always point to the explorer so you can see what is happening. No need to trust me just look there for all the info on what the book is doing.

And before you "advertisers get all butt hurt", you were claiming No Limits 24 hours ago.

I would still say this. See my post above.
I get that you do not like Wagerr but to be fair I believe it was you that also thought it was a betting exchange earlier. This thread is trying to educate people on a new product. I have tried to be very clear in my responses, this is more about education than anything else.

[raiders72001]

The first two are errors in how they interpret the data. We are getting into a bit of the technical detail of how Wagerr works but the OP_Code is how betting data is pushed on the Wagerr chain. Chainz doesn't know how to parse the betting data, which in their defense they aren't built specifically for Wagerr they are a general tool to look at blockchain data.. Also, the first two addresses suggest they have 320m in WGR, there is only ~218m WGR so clearly it's not right.


You've answered the question yourself... the open market buys the WGR. As there is people wanting to ' cash out' on Wagerr there are people also wanting to get in. I think as you've raised before is that more people will want to cash out then cash in because of the large mint.... so far that isn't an issue particularly looking at YTD. And yeah hedging might not always work but a lot of people have had success with it.



The best thing you can do here is go through betting events where there has been large betting volume and look at the line movements when betting volume has hit the chain. here is just one example: https://explorer.wagerr.com/#/bet/event/92609


I appreciate you asking these questions, I'm just doing my best to give you accurate information to things that I admit are confusing.

I thought you owned a majority of the coins and controlled the chain. The nodes wouldn't matter. I don't know if you hold a majority of the coins or not but the top 10 wallets hold 24% of the coins. There's no volume anywhere so all of this led me to believe you were just filtering money through Ionomy since they are an exchange in a country that I had never heard of and they aren't listed on Coingecko. Sorry if I was wrong on Ionomy.

[raiders72001]

I really don't think I was trying to be misleading or Wagerr is trying to be misleading in saying no limits.

I did post this on the 2nd or 3rd post to explain how it worked with the $400 slip.

Anyway to address the $400 bet slip. Because of the design of Wagerr a limit of some description had to be set, its arbitrary but 10,000 WGR was chosen. In hindsight I think everyone agrees it should have been higher but keep in mind that if the price of WGR was higher then this limit would naturally increase too in USD terms. I continually point to the explorer to show examples of how large bets are put on the chain without line movement. The chain is not re assessing the odds after every single click and it's not profiling players which tends to happen in many books. Wagerr is assessing the risk at an aggregate level and the odds CAN change. The explorer shows how little this occurs and future development will allow much bigger slips.

But again Wagerr will never ban an individual (because all individuals remain anonymous), bets will never be limited, users are free to bet as much as they want. That is why it say's no limits.

Can you tie it to the value of the dollar and adjust the WGR limit? It seems that Nitrogen does that.

[sss_av_ltd]

Can you tie it to the value of the dollar and adjust the WGR limit? It seems that Nitrogen does that.

That would be interesting. In my mind I'm not sure the $ value actually matters as the chain is somewhat oblivious to it, it is only trying to balance WGR.

But it would make sense that a limit increases as the value of WGR falls so the situation of small bet slips doesn't occur.. I'm not sure will raise it with the dev team.

[sss_av_ltd]

I thought you owned a majority of the coins and controlled the chain. The nodes wouldn't matter. I don't know if you hold a majority of the coins or not but the top 10 wallets hold 24% of the coins. There's no volume anywhere so all of this led me to believe you were just filtering money through Ionomy since they are an exchange in a country that I had never heard of and they aren't listed on Coingecko. Sorry if I was wrong on Ionomy.

Just to be clear unlike Bitcoin, on Wagerr nodes must own collateral (25k WGR) so they own coins which is why number of nodes matter. Its similar to DASH if you are familiar. it creates something akin to 'skin in the game' for the operators.

[raiders72001]

Just to be clear unlike Bitcoin, on Wagerr nodes must own collateral (25k WGR) so they own coins which is why number of nodes matter. Its similar to DASH if you are familiar. it creates something akin to 'skin in the game' for the operators.

I know it's PoS but isn't it the same as validating a block. The more staked, the more power.

[SportsBettor74]

I don't get this part. Something is missing. Are you saying that you've already converted enough WGR betting profits back to fiat or some other crypto/currency to cover your up-front investment? Because otherwise, you could take a loss.

Edit: Additionally, you would have an opportunity cost, since you place wagers at Wagerr which you would have other wise placed elsewhere.

Re: Covering the up front investment - yes you are correct. I have already covered my up front investment. I have actually left it as WGR for now - and WGR would need to halve overnight for me to be back to a break even position. I doubt it will do this but all investment carries risk and I guess this is possible. I just can't be bothered to cash out my WGR to a mainstream coin right now - I would rather "let it ride" on the expectation that WGR is going up not down

Re: Opportunity cost. This is not correct. Example: I had a line at Betonline which was X - N at 1.909. I bet the max at Betonline and the odds shifted to 1.87. Wagerr was 1.92 for the same line and I took it. There is no opportunity cost because Wagerr was the world leader on that line at that time. If the Wagerr line did not exist I would have stopped at the initial Betonline bet. There was no opportunity to place it elsewhere. If there was an opportunity to place it elsewhere at acceptable odds (at a traditional book ) I would have done this first and then review Wagerr