Wagerr - No limit, non-custodial betting

[Supersimplestuff]

Hi All

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/

If you have any questions can ask on the thread and I will response otherwise you can join the community.

We offer great odds that most books can't compete with. You can see our lines here https://wagerr.com/sportsbook


What is Wagerr?

Wagerr is the world's first decentralized sports book that runs entirely on its own open source blockchain.  As a blockchain based sportsbook, Wagerr offers bettors distinct features and benefits unavailable anywhere else. Wagerr was founded in 2017, has been operational since 2018 and continues to set the standard in the industry with unmatched transparency, true odds, unlimited betting liquidity, low fees, complete privacy, and reliability.

The benefits of Wagerr

Global Access
Wagerr is a Peer-to-Peer network. Therefore, it can be accessed from anywhere in the world at any time without restrictions, as long as you have an internet connection of course.

Private Betting
Wagerr does not require you to sign up to its service or hand over any personal/identifying information.

No Third Party Risks
The Wagerr Blockchain rids the need for trusted 3rd parties by operating entirely on a blockchain.

• Bettors remain in complete control of their money at all times, meaning no more dodgy bookmakers running away with your funds.
• The Wagerr blockchain acts as the counterparty to all bets and is programmed to always pay out.
• Winners are welcome at Wagerr and you will never be restricted or suspended.  Wagerr is incapable of such actions because all users remain anonymous.

No Betting Limits
Bettors on the Wagerr platform are capable of betting as much as they wish. There is no need to find a counterparty either, the Wagerr blockchain will accept any size bet you make.

Sharp odds
The Wagerr blockchain is not a company and does not require profit. This means Wagerr can provide you with incredibly sharp odds.

Be The House
As a holder of the WGR currency, users share in the success of the Wagerr platform via Wagerr's revolutionary token model. Simply hold WGR to benefit from the house edge, or run a Masternode and earn a clip of the betting volume for helping support the network.

[wheelz1200]

One of the better low cap coins right now.  Super cheap and works flawlessly.  Honestly can't believe price isn't higher given most coins/teams are incompetent.   And betting against the blockchain ultimately this is a burn machine.  Top notch devs too.  Had issues at one point and spent countless amount of time no questions asked fixing my user error issues.  

[Supersimplestuff]

One of the better low cap coins right now.  Super cheap and works flawlessly.  Honestly can't believe price isn't higher given most coins/teams are incompetent.   And betting against the blockchain ultimately this is a burn machine.  Top notch devs too.  Had issues at one point and spent countless amount of time no questions asked fixing my user error issues.  

Thanks! To be fair it has taken a few iterations to get where we are. Still a lot to do! Betting against the blockchain is the future is the future though.

[RILWAN]

This is great and seeing that it a blockchain base book maker which makes it more transparent with unique features different from what we used to have with other so call blockchain base sport bookmakers, I will give the site a try since it does not have restrictions.

[ralle14]

The odds seems very competitive against the top crypto bookies, it would be nice if other cryptos could be accepted but I guess that's impossible since the site runs under your own blockchain.  

The no registration part reminds me of an old sportsbook that used to be popular. It's also great that you guys incentivize the supporters of the network.

[Supersimplestuff]

The odds seems very competitive against the top crypto bookies, it would be nice if other cryptos could be accepted but I guess that's impossible since the site runs under your own blockchain.  

The no registration part reminds me of an old sportsbook that used to be popular. It's also great that you guys incentivize the supporters of the network.

Yes exactly. In the future you will see other operators leverage the Wagerr blockchain and allow you to use whatever currency you wish. Something somewhat similar to Topmatch24 https://news.wagerr.com/wagerr-partners-with-top-match-24/

I dont think there are many books, particularly in crypto that compete with us on odds.

[Saint-loup]

I remember Wagerr. The project used to be very hyped in 2017 during the ICO frenzy but like many projects it felt into anonymity after that unfortunately...

No Betting Limits
Bettors on the Wagerr platform are capable of betting as much as they wish. There is no need to find a counterparty either, the Wagerr blockchain will accept any size bet you make.

Could you explain us how you are able to do that? How a bettor will be paid, if he has bet a very large amount on an outcome and nobody has bet on the other side?

[Peanutswar]

This is nice that's another new set of sportsbook many gambler here have another chance of earning and entertainment too but I guess this kind of promotion must be on the gambling board like the other gambling platform releases and update on their thread?.

I remember Wagerr. The project used to be very hyped in 2017 during the ICO frenzy but like many projects it felt into anonymity after that unfortunately...

No Betting Limits
Bettors on the Wagerr platform are capable of betting as much as they wish. There is no need to find a counterparty either, the Wagerr blockchain will accept any size bet you make.

Could you explain us how you are able to do that? How a bettor will be paid, if he has bet a very large amount on an outcome and nobody has bet on the other side?

I guess it's a good idea too that having a lower wage imagine you are just having below 5 usd and trying to win the game and make it more double.

[Zilon]

Private, simple and secured with no email, no KYC all this are nice offer that gives a good open source blockchain sports book with complete anonymous background. Include more coin so it looks more attractive you can add more preference to the wegerr token but spicing it up with other coins will attract more bettors

[Beparanf]

What open source blockchain you get and what's the current TPS that your blockchain can handle? I remember your project on the first altcoin season and I invest on your ICO that time but as market plummet, I decided to flip my coin to cut-loss but at that time, I thought you are just developing a casino and not your own blockchain that will run your decentralized casino. Developing blockchain and dapps inside at the same time is too hard to execute and maintain unless you have a lot of work force in your team plus you target TPS is below average. Am I correct or you are just using existing blockchain on your casino and focus on Casino development?

[ipanks]

Private, simple and secured with no email, no KYC all this are nice offer that gives a good open source blockchain sports book with complete anonymous background. Include more coin so it looks more attractive you can add more preference to the wegerr token but spicing it up with other coins will attract more bettors

A crypto gambler will like to play gambling at a casino that does not require KYC, no need email to registration or other things related to their identity because they can hide their identity without worry about scamming or hacking that can happen to that casino. Having many coins to deposit and bet can make gamblers visit that casino and gamble with their favourite coins. If the casino can give the gamblers easy to play gambling and do not have too complicated things for the gamblers, that casino can grow and have many members in the future.

[bittraffic]

Is the token to be waggered only in the platform only WGR?

I have also heard of the project a long time ago. Its surprising its still active and launched their project after years had passed. They could have promoted the casino while they are developing because it takes years to build a reputation. What did the team do since the time after ICO?

[Supersimplestuff]

I remember Wagerr. The project used to be very hyped in 2017 during the ICO frenzy but like many projects it felt into anonymity after that unfortunately...

No Betting Limits
Bettors on the Wagerr platform are capable of betting as much as they wish. There is no need to find a counterparty either, the Wagerr blockchain will accept any size bet you make.

Could you explain us how you are able to do that? How a bettor will be paid, if he has bet a very large amount on an outcome and nobody has bet on the other side?

Sure! It is because of the way betting works. We call it "Peerless direct chain Betting". It is in my opinion the biggest innovation has brought to market. You can read more about it here https://docs.wagerr.com/learning-wagerr/betting/peerless-on-chain-betting but let me also try to explain it.

So let's say yo want to make a bet of $50,000 on the LA Lakers paying $1.50.

When you place the bet you have to make the bet in WGR. SO you have to purchase $50k in WGR and then place the bet. When you place the bet you are actually making a contract with the blockchain.

The blockchain is programmed to accept the bet and will burn the WGR coin when you make the bet. (This decreases the overall supply of WGR in the market).

If you lose the bet. The WGR remains burned and a permanent loss of WGR from the supply has occured.

If you win the bet. The blockchain "mints (creates more) WGR to pay out your bet i.e. it would mint $75k worth of WGR.

You as the bettor if you want can then take your WGR to the exchange and convert it back to USD or Bitcoin etc.

Because the blockchain can mint new WGR to pay out a bet it can take on very large bet amounts.

Keep in mind that whilst Wagerr doesn't limit people's bets there is a limit of 10k WGR per bet slip and odds can change. so at a certain point you might not be priced in.

you can scan through explorer.wagerr.com to see big bet volume, the odds allow alot of flexibility on bets, so the liquidity is deep.

I hope this make sense, it is a new and different concept and admittedly took me a while to get my head around initially but the deeper I have dug the more it makes sense.

[Supersimplestuff]

Private, simple and secured with no email, no KYC all this are nice offer that gives a good open source blockchain sports book with complete anonymous background. Include more coin so it looks more attractive you can add more preference to the wegerr token but spicing it up with other coins will attract more bettors

I understand but if we were to offer other coins we wouldn't be able to offer no limit betting. This is actually one of the key things that makes Wagerr different.

I posted earlier that likely sportsbooks will leverage Wagerr in the background so you can bet with any currency with them and they can de-risk their liabilities by using Wagerr. So whilst some people want to bet with WGR there is a reason we don't allow it and actually there is a reason why people should. Wagerr actively burns WGR, less WGR s good for the value of the existing coins in circulation.

[Supersimplestuff]

What open source blockchain you get and what's the current TPS that your blockchain can handle? I remember your project on the first altcoin season and I invest on your ICO that time but as market plummet, I decided to flip my coin to cut-loss but at that time, I thought you are just developing a casino and not your own blockchain that will run your decentralized casino. Developing blockchain and dapps inside at the same time is too hard to execute and maintain unless you have a lot of work force in your team plus you target TPS is below average. Am I correct or you are just using existing blockchain on your casino and focus on Casino development?

Wagerr has it's own blockchain - this is very important.

Wagerr doesn't compete with other applications for block space. Because we have our own chain we can optimize the chain for our specific use case (Sports betting). This means that Wagerr has low fees and can handle a lot of transactions the exact TPS i'm unsure of but the codebase is not far off Dash and as I said we are only in one niche.

Wagerr isn't a casino (yet) we are building games like a casino in the future but right now Wagerr is effectively a sportsbook. You can see a web wallet here wagerr.com/sportsbook which should give you an idea of what Wagerr is.

I'm not entirely sure I follow your question but I think the answer is that Wagerr is specialising on utilizing the blockchain to act as a bookmaker, whereby the blockchain is accepting and paying out bets. it is a dapp and blockchain in one. Wagerr is not building for general purpose (like Ethereum/solana/BSC) it is building for one use case.

[Supersimplestuff]

Is the token to be waggered only in the platform only WGR?

I have also heard of the project a long time ago. Its surprising its still active and launched their project after years had passed. They could have promoted the casino while they are developing because it takes years to build a reputation. What did the team do since the time after ICO?

Wagerr doesn't have a casino. But yes you can only bet in WGR, there are reasons for this, the most important being that it is the only way we can actually offer no limit betting.

Too many things to list of what Wagerr has done since ICO but I think having a look at the blockchain explorerexplorer.wagerr.com and the sportsbook wagerr.com/sportsbook as a starting point might give you an idea. There has been a few iterations to get to something that works as smoothly as the sportsbook all on chain.

[wheelz1200]

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. 

[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?

[chaser15]

Interesting sports betting site. Just need more betting market especially in boxing sports. There are lots of upcoming boxing events and want to see the odds provided on your site.

I will follow the site and see the improvements on the way. I will explore it now.

You can move the thread here: https://bitcointalk.org/index.php?board=56.0 . It's more appropriate and fits there.

[Supersimplestuff]

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.