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Author Topic: [WGR][MN] | Wagerr | The Betting Blockchain | $108.6 MM bets in WGR placed  (Read 1184 times)
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September 20, 2019, 06:54:54 AM
Last edit: September 20, 2019, 09:26:58 AM by Edgemaster
 #1

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September 20, 2019, 06:55:18 AM
Last edit: September 20, 2019, 07:17:47 AM by Edgemaster
 #2

A closer look at Wagerr

Wanna bet on Wagerr?
An asset for investors who like their odds


Traditional sports betting in many locales is driven underground, leading to corruption, unfairness, and violence. Estimated at $400 billion worldwide, this untapped market offers an incredible opportunity to develop a safe, decentralized, and accessible blockchain alternative. If you’re an investor, speculator, or trader, Wagerr’s model is seriously compelling.

Wagerr (WGR) taps into a vast worldwide sports betting market. Say goodbye to risk and regulation and hello to an asset optimized to grow in value as Wagerr absorbs the pent up demand for secure, self-regulated betting.

However, capturing even a fraction of demand from this market is great, but only goes so far. Transient usage could be a major problem, as bettors generally convert BTC and fiat to WGR only when they want to bet, and back to fiat if they win, leading to a lot of market volatility during major betting events and from large bettors. So why would someone want to hold WGR?




Value Coupling: You can bet on Wagerr


The Wagerr network reduces the risk to value and protects holders of WGR tokens by linking betting volume to coin supply. This “Value Coupling” between usage and supply is a built-in deflationary mechanism that destroys 48% of the fee from every bet. With fees of 2%-6%, the net result is nearly 1-3% of every bet permanently removed from the network.

For example, if price falls dramatically, significantly more outstanding supply is destroyed with every bet, because bets now require more WGR. Conversely, if price rises dramatically, significantly less supply is destroyed. Over time, this leads to less price volatility and an asset value that more accurately reflects both adoption and usage.

Wagerr’s systematic destruction of fees thus creates supply scarcity over time. As the average volume of betting activity over the Wagerr network rises, the value of Wagerr rises with it, enabling all investors to participate in its strong growth potential simply by holding Wagerr.

Watch the video on Value Coupling to see how it works!



Oracle Masternodes: Be the house


For large scale investors, Wagerr’s Oracle Masternodes offer an exciting source of ongoing income. Like Dash Masternodes, Oracles win a portion of the block rewards. (Staking wallets win the remainder.) But that’s just the “icing on the cake” compared to the betting fees Oracles earn. That’s because 50% of all betting fees are paid to the processing Oracle, making them increasingly valuable as betting activity grows. They earn these fees for the intensive work of gathering and validating real world event data and forging contracts.



A better way to bet


Wagerr offers a superior alternative to the existing morass of regulated and underground markets. Wagerr is universally accessible, secure, and safe. By contrast, betting with traditional bookkeepers leaves your capital vulnerable to theft by untrustworthy parties, confiscation by shifting government regulation, and loss due to corporate bankruptcy.

At its most basic, sports betting is fun. It’s an enduring and extremely popular form of entertainment. The demonization, criminalization, and regulation of sports betting have only driven the practice underground, making it far more risky and dangerous, in a cruel self-fulfilling prophecy. Wagerr interrupts that cycle and safely puts the pleasure back into sports betting. Wagerr all you want: it’s your money.



A blockchain for sports bettors


If you enjoy sports betting, Wagerr is custom built for you. For a low fee, you can place your bet in secure escrow and, if you are on the winning side of the bet, get an automatic payout after the event. You can depend on the Wager network to confirm real world gaming results accurately because of strict enforcement of the requirements for Oracle Masternodes participation. The penalties for Oracles that attempt to feed bad data to the network are prohibitive. Supermajority consensus among the Oracle Masternode network is required in order to post game results on the blockchain, making results extraordinarily robust.


There's no risk of overleveraged betting because you can't bet more than you have. No loan sharks, no 5-0, no worries about your assets. Bet with Wagerr; your kneecaps will thank you.



Take back the house


You know what they say: “The house always wins.” Bookkeepers profit from the sure thing — fees. Wagerr not only cuts fees significantly, but enables anyone to own a piece of the house. Oracle Masternode operators become a low cost “distributed house,” earning fees when users bet. But the value proposition for Oracle operators gets better in two ways:

  • Oracle Masternodes win block rewards for their role as consensus agents, retrieving sporting event outcomes and collectively validating them.
  • Since nearly half the fees are destroyed, the value of the WGR token is structurally inclined to grow over time.


You don’t have to operate an Oracle to win with Wagerr. Anyone who holds WGR can earn block rewards by operating a regular staking wallet. Bettors save with less spent on fees. And when bettors win, they may not even have to put their winnings in a wallet to win with Wagerr — if betting volume increases substantially, that could be enough to drive up the price of Wagerr through the two simultaneous mechanisms: increasing demand and increasing net fee destruction.



Profits you can feel good about


Wagerr is a carefully incentivized economy. We don’t give away money for nothing. Wagerr rewards work to secure the network, escrow bets, retrieve and validate sporting events, and make accurate payouts. The fee structure incentivizes adoption of Wagerr as the betting platform of choice. And even though investors can win big like the traditional house, you don’t have to act like a thug or a criminal to reap the rewards. Wagerr frees users from fear, risk, material harm, and exploitation and brings pure fun back to sports betting.



Good for digital currency


Wagerr has developed an economy, not just a currency. Innovative blockchain technology lays a crucial foundation to a successful cryptocurrency, but few coins see sustainable value growth and economic stability. Even Bitcoin, the king of digital currency has fluctuated violently between $200 to $2000 in the last year.

Wagerr's focus on sports betting gives it an unbeatable edge over competition:


Known as Application Specific Smart Contracts (ASSC), Wagerr's Smart Blockchain creates an optimized business model inspired by current open ended smart contracts — by pairing them with a single, reliable, rigid function. Smart contracts may be all the rage, but implementations that try to do everything risk disaster. Wagerr sticks to its knitting, doing one thing well: sports betting.



Attractive for arbitrage


Wagerr offers a better solution to a problem traditional sportsbooks commonly face. Frequently, mainstream sportsbooks find that they have taken on too much payout liability when their customers’ bets are unbalanced, strongly favoring on one side. If the overweighted team wins, the sportsbook has to pay out big time. They typically manage this liability by placing their own bets on the underweighted side — with competing sportsbooks.

Although Wagerr's low fees, automated payouts, and strong security against manipulation make it a competitor to traditional sportsbooks, the blockchain also offers a potent arbitrage solution at a competitive price.




Wagerr is a win


When you add it all up, here’s what you get. A blockchain that makes sports betting safe, secure, and potentially more profitable — for a $400 billion/year untapped industry. A deflationary coin whose value is tied to capturing market share of that $400 billion/year industry. A coin that lets Oracle Masternode operators profit, first from providing network security and betting service, and second from a deflationary economy. A coin in which its value is driven up by the scale of betting activity. A coin that gives everyday holders a chance to capitalize on the value growth of Wagerr by staking coins in the easy-to-use HTML5 wallet to win regular awards, or simply by holding on to Wagerr. As betting volume and coin value grows, everyone wins.

If the Wagerr sports betting blockchain captures even 0.25% of the global market — just the illegal market — we’re looking at one billion Dollars worth of betting activity. The corresponding fees destroyed would cut the total coin supply in half in one year. (Estimate assumes the price of WGR holds constant at the ICO price.)



So, we’re feeling pretty good about things. If we were the betting types, we’d be going all in. But since we’re mainly digital currency developer types and business developers, well, nevermind, we’re going all in anyhow because we absolutely believe in the project.

The future of betting is accessible, fair, and safe. Betting belongs on the blockchain, and that blockchain is Wagerr.

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September 20, 2019, 06:55:30 AM
Last edit: October 19, 2019, 02:26:34 AM by Edgemaster
 #3

Wagerr Assets

New Electron Release is out!



Grab version 1.1.1 with auto-update or download from https://github.com/wagerr/wagerr-electron-app/releases/tag/v1.1.1

This release includes:
  • esports
  • tournament filter improved
  • event search
  • improved connectivity for users affected by Connecting to Peers.



Try the Wagerr provably fair lotto!



The Wagerr lotto is the first of many provably fair and fully decentralized games on the Wagerr blockchain. Bet directly on our Wagerr standalone wallets and NOT on websites. Our games utilize completely random hashes generated by the blockchain to determine winners


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September 20, 2019, 06:55:40 AM
Last edit: September 20, 2019, 09:18:47 AM by Edgemaster
 #4

Wagerr Assets

Preview of the upcoming mobile SPV wallet, soon you can bet anonymously from anywhere using WGR




Edgemaster
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September 20, 2019, 06:55:55 AM
Last edit: September 20, 2019, 09:24:09 AM by Edgemaster
 #5

Wagerr Assets


Wagerr block explorer - https://explorer.wagerr.com

The entire Wagerr blockchain at your fingertips. Not only can you check transaction history, but full betting information on events are also available.




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September 20, 2019, 07:18:59 AM
Last edit: September 20, 2019, 09:18:10 AM by Edgemaster
 #6

Wagerr Burn Report 9/9



Wagerr betting volume doubled! Over 3.3 million WGR bet in one week. This week also set a new record for the most betting events available on Wagerr.

Follow the latest Wagerr news at https://news.wagerr.com/



You can purchase Wagerr from :

image loading...image loading...



Follow our new telegram Announcement channel https://t.me/WagerrAnnouncements

Telegram chat group: https://t.me/wagerrcoin

Technical support and testnet discussion telegram channel : https://t.me/Wagerrpublictest

Twitter  https://twitter.com/wagerrx

Reddit https://www.reddit.com/r/Wagerr

Facebook https://facebook.com/wagerr

Blockfolio signals can be followed by adding Wagerr to the watchlist

Discord join link https://discord.gg/TQP82Zw

Documentation and Guides https://wagerr.zendesk.com/

Youtube Channel and Video Guides https://m.youtube.com/channel/UCE_6ebw4mDZJM-heLRXLukw/videos


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September 20, 2019, 09:10:11 AM
 #7

Wagerr,

Literally the only reason a came back to BTCT

Nice little win on Tulane today at 1.55 odds, was looking a bit sketchy early on in the game but got there in the end!!!  Grin
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September 20, 2019, 09:21:48 AM
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Gotta love those Wagerr odds. Hit a 15:1 winner on Dudelange today in the Europa League. You'd be hard pressed to find those odds anywhere else  Wink Wink
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September 20, 2019, 09:35:24 AM
 #9

Gotta love those Wagerr odds. Hit a 15:1 winner on Dudelange today in the Europa League. You'd be hard pressed to find those odds anywhere else  Wink Wink

Sh!t son,

that was you? Nice work

Always interesting to look through the block explorer and find those big wins!
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September 20, 2019, 01:07:09 PM
 #10

Im here for it. Still following Smiley

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September 20, 2019, 05:20:08 PM
Last edit: September 20, 2019, 05:30:17 PM by FandangledGizmo
 #11

In online casino games, blockchain has a huge edge, but there is no reason for a clear market leader like BTC, so even if you see the potential of blockchain here, it’s still difficult to invest in the space...

With Sports Betting though, esp. with P2P, liquidity begets liquidity. So it’s an area where there will be a dominant market leader and blockchain has huge advantages over traditional sportsbooks.

IMO WGR is currently still the no.1 play in this space.

WGR Advantages

1. WGR brings privacy, transparency & safety to a $500 Billion industry of which 70% is on the black market.
2. No KYC and based on PIVX privacy tech
3. Constant development and communication since ICO & far ahead of any competitors in providing a true blockchain based solution.
4. Comparable volume to Augur (much better on like for like events) & better growth despite being 1/17th the valuation.

WGR Flaws

1. WGR doesn’t have a stablecoin or allow betting with an existing stablecoin.
(This is good for WGR demand but negative for gamblers who are making calculated bets only to see their fortunes dictated more by the rise/fall of WGR price and who struggle with liquidity if they wish to exit.)
- Some stablecoin solution is apparently planned for the future

2. WGR is currently not profitable. In theory 3% of all betting volume will be burned over time (due to house edge) but in practice WGR has minted an amount equal to 3% of all betting volume to date.

3. There is no per event limit, so when the fix is in, or an outsider gets lucky, WGR can experience huge mints which it lacks the ability to absorb/contributes to volatility.
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September 20, 2019, 10:16:06 PM
 #12

Man, Wagerr is fantastic!

Looking at all the bets, burns, mints and MN rewards on the chain is something else. This week we got a large oracle payout and to see that landing in your masternode accounts is pretty sweet.

Wagerr's value coupling is overlooked because the low prices are taking all the attention. The weekly amount bet is growing at a crazy rate and has a lot more room to grow. When we get to the very high be volumes the value coupling will come into effect and people will really start to see the value of Wagerr.

When I was confident the bear market had finished for BTC in May I thought this was BTC time to prove is dominance for a few months. I looked a the multiple alts I owned, reviewed them all and subsequently sold them all except Wagerr!! ( did keep some dust from others).

I'm super stoked with the way David has handled all the speed bumps in the road and the progress the team is currently making. Being realistic im not sure when WGR will get to the point of snowballing at a crazy speed. What I do know it, that we'll look back and it will be so clear that Wagerr was always going to boom and why, why didn't we buy moar hahaha!!
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September 21, 2019, 01:30:46 PM
 #13

One question for devs:
Are there any UFC and MMA matches included in Wagerr?



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September 23, 2019, 03:53:52 AM
 #14

One question for devs:
Are there any UFC and MMA matches included in Wagerr?




absolutely, you can check out previous UFC matches on https://explorer.wagerr.com/#/betevents, filters on the explorer will be added soon, and more sports will be rolled out.

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September 23, 2019, 07:37:13 AM
 #15

We have submitted a proposal for listing on  the Binance dex forum , please comment and upvote
https://community.binance.org/topic/1834/proposal-to-list-wagerr-wgr-on-binance-dex

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September 23, 2019, 03:34:46 PM
 #16

In online casino games, blockchain has a huge edge, but there is no reason for a clear market leader like BTC, so even if you see the potential of blockchain here, it’s still difficult to invest in the space...

With Sports Betting though, esp. with P2P, liquidity begets liquidity. So it’s an area where there will be a dominant market leader and blockchain has huge advantages over traditional sportsbooks.

IMO WGR is currently still the no.1 play in this space.

WGR Advantages

1. WGR brings privacy, transparency & safety to a $500 Billion industry of which 70% is on the black market.
2. No KYC and based on PIVX privacy tech
3. Constant development and communication since ICO & far ahead of any competitors in providing a true blockchain based solution.
4. Comparable volume to Augur (much better on like for like events) & better growth despite being 1/17th the valuation.

WGR Flaws

1. WGR doesn’t have a stablecoin or allow betting with an existing stablecoin.
(This is good for WGR demand but negative for gamblers who are making calculated bets only to see their fortunes dictated more by the rise/fall of WGR price and who struggle with liquidity if they wish to exit.)
- Some stablecoin solution is apparently planned for the future

2. WGR is currently not profitable. In theory 3% of all betting volume will be burned over time (due to house edge) but in practice WGR has minted an amount equal to 3% of all betting volume to date.

3. There is no per event limit, so when the fix is in, or an outsider gets lucky, WGR can experience huge mints which it lacks the ability to absorb/contributes to volatility.


Thanks for the kind comments,  replying to some of your points, your cited figure of +3% of bets would include betting v1 totals which does not include the ongoing advancements of the Oracle layer with v2. These include faster odds updates and dynamic balancing, resulting in ever tighter risk management.

The net mint/burn since the launch of betting version 2 is only about +200k, and this can fluctuate greatly in the short term. Also, a 3% burn expectation is not correct, as half of bets on average will be lost/won, resulting in a net burn expectation of just under 1.5% over time (half of the burned portion of 6% fee).

Risk of excessive mints can be largely solved with dynamic balancing of risk and reliably sourced event data that is rapidly updated. As well, the opposite can also occur resulting in a large reduction of supply.

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October 03, 2019, 08:14:23 AM
 #17

Wagerr is a top project.  Awesome new UI!

Notable projects 2019: Semux, Dero, Wagerr, BEAM
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October 15, 2019, 10:43:21 PM
 #18

Checkout our latest betting report:

https://news.wagerr.com/wagerr-weekly-9-30/

over 125 Million WGR gambled on the blockchain to date!

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QUUBE — First&Only Quantum Resistant Ecosystem


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October 17, 2019, 07:17:49 AM
 #19

Wagerr released a regular weekly report on all changes and the latest news for this period for all project adherents https://news.wagerr.com/wagerr-weekly-10-07-biggest-bet-volume-biggest-payouts-biggest-burn/

┈┈┈┈┈ QUUBE ┈┈┈┈┈
First & Only Quantum Resistant Ecosystem
┈┈┈┈┈ MEDIUMTWITTERTELEGRAM ┈┈┈┈┈
Edgemaster
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October 17, 2019, 04:06:34 PM
 #20

Wagerr released a regular weekly report on all changes and the latest news for this period for all project adherents https://news.wagerr.com/wagerr-weekly-10-07-biggest-bet-volume-biggest-payouts-biggest-burn/

3 new records this week!

🏆 Largest bet volume in a single week: 8.5 million WGR gambled!
🏆 Biggest net burn in Wagerr history: 550k WGR destroyed.
🏆 Largest weekly Masternode reward.

Wagerr is crushing it!

One more highlight:

To put the record burn in context, if Wagerr sustained that weekly burn rate for a year, the WGR coin supply would shrink by 18% (37 million WGR burned) by October 2020.

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