From: Elroy | 4/22/2021 7:45:57 PM | | | | WGR announce$ today that Top Match - a registered Belize-based sports book - will allow gamblers to deposit WGR and use it to bet on sports. Interesting.....
news.wagerr.com |
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To: ThirdChilde who wrote () | 5/12/2021 9:35:12 AM | From: Elroy | | | 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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To: Elroy who wrote (63) | 6/3/2021 4:11:05 PM | From: Reme | | | I love that gambling is evolving with such significant steps. To be honest, at first, I was pretty skeptical about this industry, but now poker become my new hobby. I am happy that I've changed my mind and realized that there is nothing terrible in the gambling industry. So in case, someone is thinking of playing in an online casino, I will totally recommend you that. Trust me, this is the most entertaining online activity that you will find on the internet. But at the end of the day, this is just my opinion. |
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To: Elroy who wrote (71) | 6/21/2021 10:02:23 PM | From: alysteed | | | So I found Wagerr a few days ago and decided to give it a go for sportsbook purposes. I love the platform and the idea of having anonymous sports betting. I am actually very new to crypto as well and haven't had much exposure to it. After a little tinkering, it was easy enough to get some WGR and start betting. Before Wagerr I placed some bets here bollybet.com, which it's also a pretty great site if you want to try it out. I will switch between these two sites for now and maybe later will choose the one I like the most. |
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To: alysteed who wrote (73) | 6/21/2021 10:41:24 PM | From: Elroy | | | Great!
I'm not a regular sports bettor, but I bet with WGR almost daily. It's fun, but the WGR coin is not going up in value at all. I think they need easier access from holders of Bitcoin to be able to buy WGR, and that doesn't exist much yet. So, WGR is more like a fun game than a serious betting thing at the moment. I think the platform is fairly easy to use, and straightforward, so I don't really know what is necessary to make the WGR coin appreciate in value. |
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From: Elroy | 12/19/2021 4:15:21 PM | | | | Interesting. WGR coin price bottomed out at about 34 sats about 10 days ago.
It's up to 90 sats now.
coinmarketcap.com
Better than a kick in the face. No idea what's driving the move, although the coin price is so depressed it doesn't mean much, they have a functioning sports betting blockchain, and the USD coin value remains below where it was when the did the ICO in 2017, when the platform was just an idea. |
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