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Technology Stocks : wagerr - betting belongs on the blockchain

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To: ThirdChilde who wrote ()5/12/2021 9:35:12 AM
From: Elroy  Read Replies (1) of 74
 
Hello,

There aren’t many people on this thread, so I’ll try to answer your question but I’m not really an expert.

I think your question is ….. current online betting platforms (using credit cards and fiat money) work fine, so why bother with a cryptocurrency specifically designed for sports betting rather than using one of the available online fiat based options?

1. In WGR you (the bettor) are anonymous.
2. There are no limits to the amount you can bet.
3. If you win regularly, you can not be kicked off the WGR platform.
4. WGR functions anywhere in the world that has internet access.
5. The novel advantage - by holding WGR (rather than by betting with it) you become the house. The WGR system is designed to increase the value of the WGR coin as adoption/usage grows. So holders of WGR earn the “house edge” that is normally held by the sports book. It’s sort of like a sports book which has the betting currency as shares of ownership of the sports book rather than fiat money.
6. Another novel advantage. WGR is designed to allow traditional sports books to offset unwanted risk. So….if a traditional sports book takes a very large bet on one side of a match - an uncomfortably large bet - the sports book can offset that risk by placing the same bet for itself on the WGR, and thereby reduce its exposure to a loss in that specific match.

That’s what comes to mind.

I think WGR doesn’t makes sense for someone currently satisfied with their current credit card based gaming / betting platform. But…it will makes sense for some people, and as adoption increases you may get additional advantage that the WGR coin may steadily increase in value.
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