WAGERR BLOCKCHAIN SPORTSBOOK. No Limits - Available Anywhere - Guaranteed Payout
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CryptoDgenSBR Rookie
- 09-22-21
- 28
#211Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#212If 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.Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#213Wagerr- you guys are smart enough. Create a DEX with cross-chain swaps.Comment -
CryptoDgenSBR Rookie
- 09-22-21
- 28
#214I'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.Comment -
SportsBettor74SBR High Roller
- 06-19-19
- 184
#215I'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.
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)Comment -
DontTailMeSBR MVP
- 03-24-19
- 2897
#216The 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.Comment -
jjgoldSBR Aristocracy
- 07-20-05
- 388189
#217You 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.
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 numbersComment -
52/48SBR Rookie
- 09-20-21
- 8
#218QUOTE=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.
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.Comment -
52/48SBR Rookie
- 09-20-21
- 8
#219Having 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...
Comment -
52/48SBR Rookie
- 09-20-21
- 8
#220Value
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!!Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#221This 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!!Last edited by raiders72001; 09-22-21, 10:35 PM.Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#222You 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.Comment -
52/48SBR Rookie
- 09-20-21
- 8
#223
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.Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#224Just 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.Last edited by raiders72001; 09-23-21, 01:39 AM.Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#225And you are 100% wrong about the oracle since you already said it was centralized.Comment -
52/48SBR Rookie
- 09-20-21
- 8
#226What 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 missitLast edited by 52/48; 09-22-21, 11:06 PM.Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#227sss_avFirstly, The only part as I explained earlier of the system that remains centralized is the 'oracle', (the engine feeding the events, odds and results inComment -
DontTailMeSBR MVP
- 03-24-19
- 2897
#228Inflation.
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
This is like Agent Smith. They're multiplying.Comment -
52/48SBR Rookie
- 09-20-21
- 8
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raiders72001Senior Member
- 08-10-05
- 11018
-
raiders72001Senior Member
- 08-10-05
- 11018
-
Alfie WhiteSBR Wise Guy
- 09-02-17
- 680
#232Or 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.Comment -
bigtymer56SBR MVP
- 07-31-12
- 4742
#233Some 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.Comment -
OptionalAdministrator
- 06-10-10
- 60686
#234You 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..Comment -
OptionalAdministrator
- 06-10-10
- 60686
#235Or 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..Comment -
Alfie WhiteSBR Wise Guy
- 09-02-17
- 680
#236They 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.Comment -
CryptoDgenSBR Rookie
- 09-22-21
- 28
#237You 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.
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.Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#238You 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.
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, 10:25 AM.Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#239Maybe 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.Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#240Add 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, 10:39 AM.Comment -
CryptoDgenSBR Rookie
- 09-22-21
- 28
#241I 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.Comment -
Alfie WhiteSBR Wise Guy
- 09-02-17
- 680
#242Maybe 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.
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
Can get 100,000+ EUR on brokers, with 1 click. 300 EUR per click is laughable for serious bettors.Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#243Name 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).Comment -
OptionalAdministrator
- 06-10-10
- 60686
#244@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..Comment -
raiders72001Senior Member
- 08-10-05
- 11018
#245Where 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, 11:11 AM.Comment
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