[ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties

[AmarO]

I'm not experienced in sports betting but for one person to bet there must be another person betting on the other team right? Like if I wanted to Wagerr on a match team there must be someone wagering on the opposite team?

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[bitdrafter]

I'm not experienced in sports betting but for one person to bet there must be another person betting on the other team right? Like if I wanted to Wagerr on a match team there must be someone wagering on the opposite team?

Three types of betting are offered by the wagerr network, 2 of which require direct peers to facilitate the bet.  But the third type of bet is one were the user bets against the chain and the chain acts as the "sportsbook" and takes the other side of the bet.  

In this case if the user wins, the coins that they win are minted by the chain, if the user loses, the coins that are bet are destroyed.

[AmarO]

I'm not experienced in sports betting but for one person to bet there must be another person betting on the other team right? Like if I wanted to Wagerr on a match team there must be someone wagering on the opposite team?

Three types of betting are offered by the wagerr network, 2 of which require direct peers to facilitate the bet.  But the third type of bet is one were the user bets against the chain and the chain acts as the "sportsbook" and takes the other side of the bet. 

In this case if the user wins, the coins that they win are minted by the chain, if the user loses, the coins that are bet are destroyed.

So if I bet 1m coins against the chain and win a 2x, 1m more coins will be introduced to the supply?

[EarlyBirdSpecial]

Hot off the press...

https://twitter.com/ErlyBurdSpecial/status/867606213999067136

[AmarO]

This is the perfect example of a project that should be using a backed coin, I'd stay away as the coin circulation can fluctuate due to having an option to bet against the chain which will mint new coins out of thin air. It makes no sense to not use a backed coin for this. If a backed coin was used it would be stable and better for the project. Then people could buy the backed coins and bet on a decentralized platform with less fees vs other users. Betting against the chain that can mint new coins out of thin air is not a good idea. Just let people bet vs each other in a pool, you can put your bet in and if someone matches it will go through or it will just be refunded to you. It can show payout x and bets on Team A/Team B, this will be best. If this project keeps the current structure it will be a miserable failure and is a scam coin in my book, if it is changed it has the chance to be very successful. Use a backed coin on the betting platform and get rid of betting against the chain for a successful project.

[marketorder]

When is the ICO starts Jun 1st ends on Jun 25th?

[EarlyBirdSpecial]

Two more...

https://twitter.com/ErlyBurdSpecial/status/867629181085134848

https://twitter.com/ErlyBurdSpecial/status/867629321489448960

[austrader]

I'm hungry for wagerr

http://imgur.com/71K1s4e

[rizkyrz]

its time for join this bounty 

[klixion]

This is so far my favorite... #wagerrmemes

This token keeps looking better and better.

These Wagerr memes are very good.  It's a good marketing tactic for the Wagerr project.  I am starting to see it all over Twitter.  Nice work on starting this meme bounty. 

[Edgemaster]

I'm not experienced in sports betting but for one person to bet there must be another person betting on the other team right? Like if I wanted to Wagerr on a match team there must be someone wagering on the opposite team?

Three types of betting are offered by the wagerr network, 2 of which require direct peers to facilitate the bet.  But the third type of bet is one were the user bets against the chain and the chain acts as the "sportsbook" and takes the other side of the bet.  

In this case if the user wins, the coins that they win are minted by the chain, if the user loses, the coins that are bet are destroyed.

So if I bet 1m coins against the chain and win a 2x, 1m more coins will be introduced to the supply?

yup, but you risk losing 1m too,

[bitdrafter]

I'm not experienced in sports betting but for one person to bet there must be another person betting on the other team right? Like if I wanted to Wagerr on a match team there must be someone wagering on the opposite team?

Three types of betting are offered by the wagerr network, 2 of which require direct peers to facilitate the bet.  But the third type of bet is one were the user bets against the chain and the chain acts as the "sportsbook" and takes the other side of the bet. 

In this case if the user wins, the coins that they win are minted by the chain, if the user loses, the coins that are bet are destroyed.

So if I bet 1m coins against the chain and win a 2x, 1m more coins will be introduced to the supply?

If You bet 1 million coins and win against the chain, the payout would be as follows, 940k coins would be minted and paid out to you and you would also receive your 1 million coins that you bet back as well. 30k coins would go to the Oracle/s that processed the bet.  28,800 would be destroyed, and 1,200 would go into the dev fund for future development.

Conversely, if (or more appropriately when) someone bets 1 million coins and loses 968,800 coins are destroyed, and 30k goes to the oracles and 1,200 goes to the dev fund.

[msilk]

This is the perfect example of a project that should be using a backed coin, I'd stay away as the coin circulation can fluctuate due to having an option to bet against the chain which will mint new coins out of thin air. It makes no sense to not use a backed coin for this. If a backed coin was used it would be stable and better for the project. Then people could buy the backed coins and bet on a decentralized platform with less fees vs other users. Betting against the chain that can mint new coins out of thin air is not a good idea. Just let people bet vs each other in a pool, you can put your bet in and if someone matches it will go through or it will just be refunded to you. It can show payout x and bets on Team A/Team B, this will be best. If this project keeps the current structure it will be a miserable failure and is a scam coin in my book, if it is changed it has the chance to be very successful. Use a backed coin on the betting platform and get rid of betting against the chain for a successful project.

The way you describe a betting pool is essentially the two initial forms of betting being developed for Wagerr: Head to Head and Multi User.

- Head to Head shows you a list of offers that you can match, or you can post your own.

- With Multi User, multiple players can pool together to match a single large bettor.


On your bogus "backed coin" theory:

Wagerr is distinctly different from a backed coin for good reason. Backed coins require a central authority to hold and manage the assets that back the coin. The blockchain is simply a ledger. But there's a huge downfall to this model — a single point of failure. What you describe is essentially a bank. Some individuals or group hold the keys to ALL the funds backing the platform. Therefore, centralization puts the user’s funds at great risk. Have we not learned our lesson here?

Centralization goes against everything Bitcoin represents and that Satoshi envisioned, and betting is a perfect match. Wagerr is fully decentralized — no risk to funds, no service interruptions, and thanks to Oracles, more reliable results than any centralized solution.

In addition, Wagerr builds in a deflationary fee engine that drives its value. With Direct On Chain betting, Dynamic Odds Balancing encourages a balanced book. Limits are in place until the model is proven as well and the userbase matures. All of which reduce volatility. A large bet against the network could just as well lose, which benefits ALL holders of WGR. There could also be bets on the other side that would balance a big win. And thanks to 6% bet fee, over time, the network (the House) wins. Statistics, bro. It’s not a matter of if, but when.


Backed coin platforms are the SCAM here. Why would one trust an anonymous stranger with hard earned funds? Are you behind one of these SCAMS?

[Pab]

I know many people who dream to bet without bookies rules,will you support horse racing

[trademark]

I know many people who dream to bet without bookies rules,will you support horse racing

Yeah, no more fear of the bookie coming after you and cutting off your fingers and toes.  I would like to see on wagerr betting options for boxing and MMA. 

[marcelocoin]

Hello dear dev, I register for your Bounty program, I would like to know if I can also use an avatar Wagerr in my photo, it will look more beautiful, thanks for the attention!

[Edgemaster]

Hello dear dev, I register for your Bounty program, I would like to know if I can also use an avatar Wagerr in my photo, it will look more beautiful, thanks for the attention!

hey , please do, the avatar is on the 4th post , 1st page

[Dr Charles]

I know many people who dream to bet without bookies rules,will you support horse racing

Yeah, no more fear of the bookie coming after you and cutting off your fingers and toes.  I would like to see on wagerr betting options for boxing and MMA. 

Well the bookie wouldnt hunt you down if you didnt bet money you couldnt afford to pay if you lost... 

[marcelocoin]

Hello dear dev, I register for your Bounty program, I would like to know if I can also use an avatar Wagerr in my photo, it will look more beautiful, thanks for the attention!

hey , please do, the avatar is on the 4th post , 1st page

Thank you dear, now it's been very beautiful, I downloaded the marketing material in github, then I'll make some memes, love your project, success for all of us!

[Edgemaster]

I know many people who dream to bet without bookies rules,will you support horse racing

Yeah, no more fear of the bookie coming after you and cutting off your fingers and toes.  I would like to see on wagerr betting options for boxing and MMA.  

For sure ! Boxing and MMA will be available from launch of head 2 head and horse racing will be Bet on chain only