Wagerr - No limit, non-custodial betting

[Saint-loup]

I think the biggest thing people need to understand that it's not a 3rd party paying bookie just taking bets in wagerr.  No other coins can be offered because you are directly betting against the wagerr blockchain.  If you lose coins get burned, if you win coins get minted.  Overall due to gaming theory the house (blockchain) will win over time.  So the blockchain will continue to burn circulating (and therefore max) supply.  

"Due to gaming theory the house will win over time" : what do you mean by that precisely please? Why would the house win over time if there is no House Edge (vigorish)? Moreover I have a question, who is fixing the odds of the bets? Can anyone offer lay bets like on betting exchanges?

There is a house Edge, it is just very small. Comparable to the likes of pinnacle.

The blockchain is who is 'taking the other side of the bet'. The odds are set by taking an average of feeds and then using an algorithm to help balance the book. As more volume comes to Wagerr the plan is to not use any feeds at all.

Users cannot lay bets currently.

I don't fully understand what you mean, is it a human or a bot who is setting the odds currently? How odds will be set when feeds will not be used anymore? It would be more interesting and more decentralized if the sportsbook was also offering some mutual bets IMO.
For the margin you're right it seems to be pretty low (about 3% from what I see)

[tabas]

Interesting stuff. So if someone creates an account, you provide those seeds and if the bettor losses it, he then has to create a new one and the lost account if there's a balance, there's no way to retrieve it. Just as the usual thing we do in our wallets.
Your bookie is missing boxing.

[TheGreatPython]

It was recently suggested by a community member to showcase Wagerr on here given many of you are likely interested in what we are building.

Below is a high level summary and you can read more on https://docs.wagerr.com/

This thread should belong to the Gambling section because you are essentially providing all the information about it.

By the way, I quickly checked your sportsbook, and I indeed like the odds on display there. Make no mistake guys, I haven't played there yet but the odds are better than most sportsbooks, even passing the likes of bet365 in that regard. I also like the private betting part but request you to probably move it to the gambling section so more players get to know about this.

[Supersimplestuff]

Interesting stuff. So if someone creates an account, you provide those seeds and if the bettor losses it, he then has to create a new one and the lost account if there's a balance, there's no way to retrieve it. Just as the usual thing we do in our wallets.
Your bookie is missing boxing.

`

yes. no keys, no coins

[Supersimplestuff]

It was recently suggested by a community member to showcase Wagerr on here given many of you are likely interested in what we are building.

Below is a high level summary and you can read more on https://docs.wagerr.com/

This thread should belong to the Gambling section because you are essentially providing all the information about it.

By the way, I quickly checked your sportsbook, and I indeed like the odds on display there. Make no mistake guys, I haven't played there yet but the odds are better than most sportsbooks, even passing the likes of bet365 in that regard. I also like the private betting part but request you to probably move it to the gambling section so more players get to know about this.

Apparently only sportsbooks that accept Bitcoin are allowed on that board. Seems strange to me but I guess it's a Bitcoin forum.

[synthgauge]

Earn a clip of the betting volume u say? Oh alright but the problem with this is still the liquidity u do not have. Because for the bet to be made in the first place the one should buy WGR token to make the bet with and that is alone a trouble for any risk-savvy gambler. Because WGR valuation is closer to zero than crustacean excrement no gambler would buy it to make bets.

[Supersimplestuff]

Earn a clip of the betting volume u say? Oh alright but the problem with this is still the liquidity u do not have. Because for the bet to be made in the first place the one should buy WGR token to make the bet with and that is alone a trouble for any risk-savvy gambler. Because WGR valuation is closer to zero than crustacean excrement no gambler would buy it to make bets.

I mean I understand liquidity on exchanges could be better and there will be more liquidity pools as we go. But you can still move in and out relatively easy. Between Ionomy and the dexes you can easily take positions and offload WGR - plenty of people have done this in the community.

And when you say no gambler would buy it to make bets ignores the fact that we have 200k USD bet per week. People are buying it and betting with it.

[Supersimplestuff]

Earn a clip of the betting volume u say? Oh alright but the problem with this is still the liquidity u do not have. Because for the bet to be made in the first place the one should buy WGR token to make the bet with and that is alone a trouble for any risk-savvy gambler. Because WGR valuation is closer to zero than crustacean excrement no gambler would buy it to make bets.

I mean I understand liquidity on exchanges could be better and there will be more liquidity pools as we go. But you can still move in and out relatively easy. Between Ionomy and the dexes you can easily take positions and offload WGR - plenty of people have done this in the community.

And when you say no gambler would buy it to make bets ignores the fact that we have 200k USD bet per week. People are buying it and betting with it.

And just to add to that in May we averaged ~1.2m USD per week. So clear that what you are saying is misinformed.

[Supersimplestuff]

NFL Kickoff Tonight!

Celebrate with #Wagerr.

Get 10% payout bonus on 5-leg #parlays.

Include at least one NFL September event. Tickets with refunded events not eligible.

[Supersimplestuff]

wagerr still shit i see

Depend who you ask. the guy that bet 25k USD on Indians yesterday and won is loving it atm.