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Introducing Astra Arbitrage: Unleash the Power of Funding Rate Arbitrage
Hello Bitcointalk Community,
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Key Features:
Why Choose Astra Arbitrage?
Visit our website at https://astraarbitrage.com to learn more. Our comprehensive guides and real-time data will equip you with the knowledge and tools you need to succeed in the crypto arbitrage market.
We look forward to your feedback and are here to help with any questions you might have.
We are excited to introduce Astra Arbitrage, a unique platform designed to help you capitalize on profitable crypto arbitrage opportunities, with a special focus on funding rate arbitrage.
What Sets Astra Arbitrage Apart?
While many arbitrage scanners focus solely on traditional price discrepancies, Astra Arbitrage takes it a step further by incorporating funding rate arbitrage. This innovative approach allows you to maximize your returns by taking advantage of funding rate differentials across various crypto exchanges.
Key Features:
- Funding Rate Arbitrage: Identify and exploit opportunities arising from differences in prices and funding rates across multiple centralized and decentralized exchanges.
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- Customizable Filters: Filter opportunities by market type, exchange, symbol, and profit interval to find the most relevant trades.
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Visit our website at https://astraarbitrage.com to learn more. Our comprehensive guides and real-time data will equip you with the knowledge and tools you need to succeed in the crypto arbitrage market.
We look forward to your feedback and are here to help with any questions you might have.
I am in the same situation described by many users in the fórum. I transfered money (536 euros) from my cryptocapital account to my bank account the 4th of January and I haven´t received the money in my bank account in Germany. 3 weeks have passed and they are not able to give me any kind of explanation to "Were is my money"?
So with this said, DO NOT use Cryptocapital, it is not worth it!
So with this said, DO NOT use Cryptocapital, it is not worth it!
Hello Everyone,
I just wanted to share my experience with Cryptocapital so NO ONE ever gets scammed like I did.
First of all, I trusted this company because it has agreements with famous exchanges and therefore I thought that it was legit and I just created my account without doing a proper research (PLEASE RESEARCH) before not like I did. Everything seemed normal as I had to send them the typical documentation and once they had reviewed it I was verified and ready to use my account.
On the 4th of January I decided to send some money from trading profits to my bank account from Cryptocapital. I should have received 536.00 euros in my account already but no signs of my money. Attached you can find a link with the proof of the transaction with the date, quantity and ID.
https://ibb.co/kU8PTb
I have sended at least 20 e-mails and tried to contact them through telephone calls. In some e-mails they said that they will "look into it" but I don´t see any any action by their side. I have lost 536 euros and for me that is a lot of money.
I hope that you don´t make the same mistake as me by trying them. DONT TRY THEM, THEY ARE A PIECE OF SHIT.
I just wanted to share my experience with Cryptocapital so NO ONE ever gets scammed like I did.
First of all, I trusted this company because it has agreements with famous exchanges and therefore I thought that it was legit and I just created my account without doing a proper research (PLEASE RESEARCH) before not like I did. Everything seemed normal as I had to send them the typical documentation and once they had reviewed it I was verified and ready to use my account.
On the 4th of January I decided to send some money from trading profits to my bank account from Cryptocapital. I should have received 536.00 euros in my account already but no signs of my money. Attached you can find a link with the proof of the transaction with the date, quantity and ID.
https://ibb.co/kU8PTb
I have sended at least 20 e-mails and tried to contact them through telephone calls. In some e-mails they said that they will "look into it" but I don´t see any any action by their side. I have lost 536 euros and for me that is a lot of money.
I hope that you don´t make the same mistake as me by trying them. DONT TRY THEM, THEY ARE A PIECE OF SHIT.
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
@SoyLaCasa
Why you are trying so hard to prove that WGR is with no potential!? Why it`s so important to write long posts in this phorum?
Are you annoyed that you sold out your WGR because you can`t wait like most of the amateur crypto traders? Why you think you are so smart to talk so much here?
Why you are trying so hard to prove that WGR is with no potential!? Why it`s so important to write long posts in this phorum?
Are you annoyed that you sold out your WGR because you can`t wait like most of the amateur crypto traders? Why you think you are so smart to talk so much here?
Who cares why I write whatever I decide to write?
Are you not in favor of decentralization and freedom? Can I not express my viewpoint on this topic if it's against what you or other cheerleaders think?
I have never touched wagerr, and probably will never do.
Unless they show weak lines, where I will smash them as hard as possible and make them bleed, which would cost you and other investors to lose money (which you would know if you read their whitepaper, which you probably haven't done and won't do in the future).
However, I don't think they will last long enough for me or anyone else who bets on a regular basis to find any sort of value in their odds.
The simple fact that you say that "Are you annoyed that you sold out your WGR because you can`t wait like most of the amateur crypto traders?" proves my point. You and most "investors" are not even interested in wagerr's purpose, usability or real value. You just buy into an ICO hoping that the price will rise in the future, not even knowing what the company does or claims to do. You must be very smart
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
In 1994 I'm sure a lot of people were saying the same thing about the internet: Its much easier to take your cash down to the local bookie than to go buy a computer, set up TCP etc etc
Your either a supporter of the very early days of crypto, or not. If not, why are you on here? Go use your fiat and be done with it.
hahaha "Your either a supporter of the very early days of crypto, or not.".
You have to be kidding me. You probably weren't even born in 1994 and just repeat what now everyone is saying.
Are you familiar with the .com bubble? Were all those websites so good just because they belonged to the "early days of internet"?
Why only some of them survived?
So if an ICO is an absolute obscure scam, but I support "the early days of crypto", then I must help the scammer get rich!
I'm not doubting that the price can reach 100 or even more (who knows what's possible).
Forget about finance (gambling for the most part) for a moment and focus on the project itself.
I really doubt 99,99% of "investors" here even know a thing about the industry where they are "investing" with this platform.
The real gamble here is not in sports betting, it's in your price predictions for this token.
Lucky enough for you, there will probably be new people willing to throw money at this crap and raise its price.
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
Mayweather -667, which means you get $1.15 for every $1 you bet.
No dick you don't get $1.15 for every $1 you bet if Mayweather is -667.
I'll help you with the math, as I see you are struggling.
If you have $1 and decide to place a bet for Mayweather to beat McGregor, at odds of -667 (equivalent to 1.15 in decimal odds).
If Mayweather beats mcgregor, you will get $1.15 (1$ was your original stake, and $0.15 is your profit, and 1 + 0.15 = 1.15)
You are welcome
It depends on which sportsbook you use. Odds for Mcgregor is anywhere from +400 to +550 and for Mayweather -600 to -900.
http://www.oddsshark.com/boxing/odds
Fair enough. Why would you chose a lower payout over a higher one?
What's the edge that wagerr provides for you or anyone else to bet on their site and earn significantly less than on any other trusted bookie with higher odds (and no obscure fees, and clear stake limits, and friendly user interface, and so on)?
Convenience. No want wants to have to sign up at a new sportsbook just for a little better odds. You might end up with 20 different accounts. It's a pain and getting your deposits in could take days. Wagerr is pretty much instant. If you need more Wagerr just purchase them in DEX.
If we are talking about convenience for general public (aka average joe), it's much easier and faster to deposit through credit/debit card at a user friendly website, which is instant and no fees, rather than having to create an account at an exchange (which usually requires KYC process) to purchase bitcoin, then purchase wagerr with your bitcoin, then move it from exchange to wallet (with all the fees and volatility risks this implies), and then send it to another wallet to place the bet.
Even for me, having both crypto and fiat, it's still cheaper and more convenient to bet with USD/EUR/BTC rather than this kind of obscure crypto tokens.
Even for you or anyone else who uses crypto, it is far more convenient to deposit and bet on BTC bookies (there are many out there with real competitive odds and no need to go through KYC), rather than incurring in the risk of a new token, and the fees attached to using it.
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
Mayweather -667, which means you get $1.15 for every $1 you bet.
No dick you don't get $1.15 for every $1 you bet if Mayweather is -667.
I'll help you with the math, as I see you are struggling.
If you have $1 and decide to place a bet for Mayweather to beat McGregor, at odds of -667 (equivalent to 1.15 in decimal odds).
If Mayweather beats mcgregor, you will get $1.15 (1$ was your original stake, and $0.15 is your profit, and 1 + 0.15 = 1.15)
You are welcome
It depends on which sportsbook you use. Odds for Mcgregor is anywhere from +400 to +550 and for Mayweather -600 to -900.
http://www.oddsshark.com/boxing/odds
Fair enough. Why would you chose a lower payout over a higher one?
What's the edge that wagerr provides for you or anyone else to bet on their site and earn significantly less than on any other trusted bookie with higher odds (and no obscure fees, and clear stake limits, and friendly user interface, and so on)?
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
hahaha legit?
Have you seen their new announcement, where they proudly say they take bets on "the fight of the century"?
have you seen the odds they offer?
At the moment:
McGregor +450, which means you get $5.50 for every $1 you bet.
Mayweather -700, which means you get $1.14 for every $1 you bet.
The house juice is already 6% with these shitty odds, and they even want to charge you extra 2% for what they call "head to head" (8% total fee), as they say, and I quote "The standard Head-to-Head fee applies (2% of the payout)."
Isn't 6% juice big enough that you need to charge extra 2%?
Head to head against who? Head to head means I should offer whatever odds I believe are fair and wait for someone to take the other side (or viceversa), not take the odds provided by the bookie. This is NOT head to head.
Where can I see how much money was offered by anyone at any given odds? Wasn't head to head meant for a user to take the complete bet from another user (according to your own whitepaper)? How can I see when I have taken someone's entire bet? Where can I see if my stake will be fully matched? What happens if it's not? What if it's too large or too short? Where can I offer a different, more attractive price for others to take?
Have you seen the user interface for this event? It's absolutely embarrassing to see a company that raised about $20M display something like that. You can make something better with wordpress for free.
You cannot even place a bet intuitively, you need to send money to an address, which changes every time odds change. So what if when I'm sending money the odds are changing? What if my stake is larger than your limit? Who takes the extra risk?
Now let's take the odds of a real bookmaker (pinnacle) that does take large bets (over $60K on mayweather, and you can repeat as many times as you want).
McGregor +526, which means you get $6.26 for every $1 you bet.
Mayweather -667, which means you get $1.15 for every $1 you bet.
Juice is 3% compared to (6+2)% from wagerr. Who on earth would chose to bet with these scammers over a trusted company which doesn't require you to buy their volatile shitty tokens?
Have you seen the odds of a real exchange, such as betfair?
1.18 and 6.6, with over $10M liquidity. How does this even compare to wagerr joke?
Have you seen their new announcement, where they proudly say they take bets on "the fight of the century"?
have you seen the odds they offer?
At the moment:
McGregor +450, which means you get $5.50 for every $1 you bet.
Mayweather -700, which means you get $1.14 for every $1 you bet.
The house juice is already 6% with these shitty odds, and they even want to charge you extra 2% for what they call "head to head" (8% total fee), as they say, and I quote "The standard Head-to-Head fee applies (2% of the payout)."
Isn't 6% juice big enough that you need to charge extra 2%?
Head to head against who? Head to head means I should offer whatever odds I believe are fair and wait for someone to take the other side (or viceversa), not take the odds provided by the bookie. This is NOT head to head.
Where can I see how much money was offered by anyone at any given odds? Wasn't head to head meant for a user to take the complete bet from another user (according to your own whitepaper)? How can I see when I have taken someone's entire bet? Where can I see if my stake will be fully matched? What happens if it's not? What if it's too large or too short? Where can I offer a different, more attractive price for others to take?
Have you seen the user interface for this event? It's absolutely embarrassing to see a company that raised about $20M display something like that. You can make something better with wordpress for free.
You cannot even place a bet intuitively, you need to send money to an address, which changes every time odds change. So what if when I'm sending money the odds are changing? What if my stake is larger than your limit? Who takes the extra risk?
Now let's take the odds of a real bookmaker (pinnacle) that does take large bets (over $60K on mayweather, and you can repeat as many times as you want).
McGregor +526, which means you get $6.26 for every $1 you bet.
Mayweather -667, which means you get $1.15 for every $1 you bet.
Juice is 3% compared to (6+2)% from wagerr. Who on earth would chose to bet with these scammers over a trusted company which doesn't require you to buy their volatile shitty tokens?
Have you seen the odds of a real exchange, such as betfair?
1.18 and 6.6, with over $10M liquidity. How does this even compare to wagerr joke?
You clearly are not a gambler because everyone and their mother would be betting Mayweather with the dollar amounts you wrote. If Mayweather is -667 then you have to wager 667 to win 100. Clown.
I shouldn't even be answering someone so stupid like you.
Nobody is talking who you should bet on, that's up to you to decide (although you personally don't seem clever enough to decide).
-667 is better odds than -700, you smart guy
As well as +526 is better than +450.
but hey, feel free to throw your money at worse odds, you clearly have no clue about this.
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
hahaha legit?
Have you seen their new announcement, where they proudly say they take bets on "the fight of the century"?
have you seen the odds they offer?
At the moment:
McGregor +450, which means you get $5.50 for every $1 you bet.
Mayweather -700, which means you get $1.14 for every $1 you bet.
The house juice is already 6% with these shitty odds, and they even want to charge you extra 2% for what they call "head to head" (8% total fee), as they say, and I quote "The standard Head-to-Head fee applies (2% of the payout)."
Isn't 6% juice big enough that you need to charge extra 2%?
Head to head against who? Head to head means I should offer whatever odds I believe are fair and wait for someone to take the other side (or viceversa), not take the odds provided by the bookie. This is NOT head to head.
Where can I see how much money was offered by anyone at any given odds? Wasn't head to head meant for a user to take the complete bet from another user (according to your own whitepaper)? How can I see when I have taken someone's entire bet? Where can I see if my stake will be fully matched? What happens if it's not? What if it's too large or too short? Where can I offer a different, more attractive price for others to take?
Have you seen the user interface for this event? It's absolutely embarrassing to see a company that raised about $20M display something like that. You can make something better with wordpress for free.
You cannot even place a bet intuitively, you need to send money to an address, which changes every time odds change. So what if when I'm sending money the odds are changing? What if my stake is larger than your limit? Who takes the extra risk?
Now let's take the odds of a real bookmaker (pinnacle) that does take large bets (over $60K on mayweather, and you can repeat as many times as you want).
McGregor +526, which means you get $6.26 for every $1 you bet.
Mayweather -667, which means you get $1.15 for every $1 you bet.
Juice is 3% compared to (6+2)% from wagerr. Who on earth would chose to bet with these scammers over a trusted company which doesn't require you to buy their volatile shitty tokens?
Have you seen the odds of a real exchange, such as betfair?
1.18 and 6.6, with over $10M liquidity. How does this even compare to wagerr joke?
How can people be so naive? I cannot believe people still fall for this scam, and even some say this is the future.
This is nothing but a scam. These people are lying in their whitepaper, over and over again.
Have you seen their new announcement, where they proudly say they take bets on "the fight of the century"?
have you seen the odds they offer?
At the moment:
McGregor +450, which means you get $5.50 for every $1 you bet.
Mayweather -700, which means you get $1.14 for every $1 you bet.
The house juice is already 6% with these shitty odds, and they even want to charge you extra 2% for what they call "head to head" (8% total fee), as they say, and I quote "The standard Head-to-Head fee applies (2% of the payout)."
Isn't 6% juice big enough that you need to charge extra 2%?
Head to head against who? Head to head means I should offer whatever odds I believe are fair and wait for someone to take the other side (or viceversa), not take the odds provided by the bookie. This is NOT head to head.
Where can I see how much money was offered by anyone at any given odds? Wasn't head to head meant for a user to take the complete bet from another user (according to your own whitepaper)? How can I see when I have taken someone's entire bet? Where can I see if my stake will be fully matched? What happens if it's not? What if it's too large or too short? Where can I offer a different, more attractive price for others to take?
Have you seen the user interface for this event? It's absolutely embarrassing to see a company that raised about $20M display something like that. You can make something better with wordpress for free.
You cannot even place a bet intuitively, you need to send money to an address, which changes every time odds change. So what if when I'm sending money the odds are changing? What if my stake is larger than your limit? Who takes the extra risk?
Now let's take the odds of a real bookmaker (pinnacle) that does take large bets (over $60K on mayweather, and you can repeat as many times as you want).
McGregor +526, which means you get $6.26 for every $1 you bet.
Mayweather -667, which means you get $1.15 for every $1 you bet.
Juice is 3% compared to (6+2)% from wagerr. Who on earth would chose to bet with these scammers over a trusted company which doesn't require you to buy their volatile shitty tokens?
Have you seen the odds of a real exchange, such as betfair?
1.18 and 6.6, with over $10M liquidity. How does this even compare to wagerr joke?
How can people be so naive? I cannot believe people still fall for this scam, and even some say this is the future.
This is nothing but a scam. These people are lying in their whitepaper, over and over again.
Re: Are you For or Against "Government" Regulation of Bitcoin.
Regulation can be seen as positive if we talk about getting mass adoption.
99% of the people are not willing to "take the risk" of using the "unknown and scary" bitcoin.
99% of people simply do what they are told by media, like opening bank accounts to be tracked 24/7, get life-long loans without knowing the rate of interest, etc etc.
If they are told bitcoin is good to use, they will start doing so, at a very basic level, following every instruction and being subject to regulation and tracking.
Those who understand the reality of bitcoin and cryptocurrency will take advantage of its full potential, and its price spike due to mass adoption.
One of the things I learned from cryptocurrency is that general public asks for freedom, but they don't really want freedom. They just want to complain about their lives.
To me, understanding that decentralization will never be a reality for the masses, the fact that governments accept bitcoin, even regulating it, is amazing news.
99% of the people are not willing to "take the risk" of using the "unknown and scary" bitcoin.
99% of people simply do what they are told by media, like opening bank accounts to be tracked 24/7, get life-long loans without knowing the rate of interest, etc etc.
If they are told bitcoin is good to use, they will start doing so, at a very basic level, following every instruction and being subject to regulation and tracking.
Those who understand the reality of bitcoin and cryptocurrency will take advantage of its full potential, and its price spike due to mass adoption.
One of the things I learned from cryptocurrency is that general public asks for freedom, but they don't really want freedom. They just want to complain about their lives.
To me, understanding that decentralization will never be a reality for the masses, the fact that governments accept bitcoin, even regulating it, is amazing news.
It's fucking crazy.
This fucking scammer is using his steemit platform to promote EOS and censor every argument against it.
steemit is nothing but a massive propaganda weapon, which he is using to promote his other scams.
There's absolutely no fairness and decentralization in steemit, it's just a way for him to brainwash users.
I really can't believe so many people are so blind.
This fucking scammer is using his steemit platform to promote EOS and censor every argument against it.
steemit is nothing but a massive propaganda weapon, which he is using to promote his other scams.
There's absolutely no fairness and decentralization in steemit, it's just a way for him to brainwash users.
I really can't believe so many people are so blind.
Hi,
I apologize for this post, as it will sound as spam, but I have to share this.
Yesterday I wrote an article on STEEMIT on why I think EOS ICO is a scam.
Such post was hidden by Dan Larimer (he is behind both projects) from the platform, after he did not like what i wrote.
You can still check the post out, just by clicking "show" on the following link:
https://steemit.com/eos/@eltapatio/eos-is-the-ico-a-scam
Today I decided to expose what I think about this kind of "decentralization" platform, which enables him and other people to run over small users and shut us up with a simple "click".
https://steemit.com/steemit/@eltapatio/steem-freedom-of-speech-or-power-to-the-rich
I apologize once again for this, but I had to share it.
I apologize for this post, as it will sound as spam, but I have to share this.
Yesterday I wrote an article on STEEMIT on why I think EOS ICO is a scam.
Such post was hidden by Dan Larimer (he is behind both projects) from the platform, after he did not like what i wrote.
You can still check the post out, just by clicking "show" on the following link:
https://steemit.com/eos/@eltapatio/eos-is-the-ico-a-scam
Today I decided to expose what I think about this kind of "decentralization" platform, which enables him and other people to run over small users and shut us up with a simple "click".
https://steemit.com/steemit/@eltapatio/steem-freedom-of-speech-or-power-to-the-rich
I apologize once again for this, but I had to share it.
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
Hi,
Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.
Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.
The biggest issue with your post is you are wrong.. The 2% fee is against the winning payout.. MEANING that its 1% against the total bet... meaning that it absolutely either beats or at the very least ties the lowest fees out there.
Thanks for your opinion tho, but regulation will only get worse. As governments grow, their power and reach will only increase, centralized systems will be shafted first. Like it or not Wagerr is a really great use case for what is already a starving world, that in my opinion only going to get worse.
Well, my point is not wrong because most betting exchanges measure their fees either in winning part of the bet, or in the stake (or sometimes the higher of both). This is taken for granted.
Even though fee being on winning bets means the true cost is lower, it does not really mean it is 1% on payout, as that depends on the odds you are playing. Low odds will have fees under 1% of your total payout and higher odds will have higher fees.
This would be very good if it applied both to head-to-head and multi-user (twice the fee from head to head).
Take into account that existing bookies don't distinguish between these two types of bets, as your stake can be matched entirely by one player, or by as many players as it's necessary (or not every bet entirely matched).
By the way, this certainly does not beat the lowest fees in the market, and will have trouble beating highest liquidity as well.
However, what I consider to be a bigger issue about the business model is unlimited chain betting, as the system is proposing an easy way to avoid being banned.
As I mentioned before, very few bookies where you bet against the system are sharp enough to be profitable against pro players, and 99% of them avoid them by limiting accounts.
Their chain betting model has fees that are too high to compete against industry leaders, but low enough to offer value and create arbitrage opportunities.
In their white paper, they say the following:
"Peerless direct chain betting.
Peerless betting does not require a complementary transaction to forge a contract. Any bettor can initiate a contract on chain, which the Wagerr network is programmed to pay out if the bettor wins.".
This is a very risky behavior, as tokens will be generated to pay winning players, and believe me that without account limits they will most probably attract many arbitrage bettors and value investors who will make them lose money (big time).
There are still many countries where online gambling is not taxed, so decentralizing the industry will not be a fast procedure.
It's true on the other hand that regulation is horrible and will get worse for most people (ask people who use skrill and neteller how they feel about CRS and their money being safe), but in my opinion, it will be more likely to see consolidated and profitable bookies add bitcoin as payment method, and even as currency for betting, either directly or through betting agents, than a project like this or any other existing one being successful.
Anyhow, time will tell us if this project can attract at least a portion of the huge betting industry.
Let's hope some day we can see a decentralized bookie worth using, either this one or any other one, as it will be amazing news for so many people who bet on sports for a living.
A classic take from someone who trusts centralized systems. Go ahead keep all your money/fiat/bitcoin on a site that is controlled by and held by a single entity or person. If you want to roll the dice be my guest, sounds like you are a betting man as is anyhow so it makes sense. Just don't come complaining when the government freezes it, or the company just ups and walks away with it, or gets it taken from them.
This project takes advantage of the power of decentralization better than almost all that i have seen out there to date. (at least in proposal)
"If you don't hold the keys, you don't own the coin." or dollars for that matter as well...
What a bunch of nonsense. Are you even capable of reading before replying?
Who said I trust centralized systems? Did I not say, and I quote "Let's hope some day we can see a decentralized bookie worth using, either this one or any other one, as it will be amazing news for so many people who bet on sports for a living."?
Decentralized betting will be positive for absolutely every single bettor on earth, but it has to be done properly, and offer a clear edge to take out of business billion dollar companies, who spend millions on propaganda and brainwashing.
The fact that I want something to happen does not mean that I think it will happen, and that seems to be the biggest mistake you are making, mixing feelings with reason.
I find your post SoyLaCasa very thought out and valuable.
You raise valid concerns for the project.
Do not get upset by criticizing illiterates who resort to name calling like "centralists" or "fiatists" because you do not automatically swallow anything that the well intended ICO community spits out. Standard tactic of the left to silence you out as soon as you don't align with their world dogma.
I was wondering along the same lines.
Does Wagerr act as a decentralised classical bookie with set odds or a decentralised odss exchange (for example decentralised Betfair)?
Would like to see a response from Wagerr team to your concerns.
I believe they will use both, where head to head and multiplayer are in the form of an exchange (I don't really understand the need to put them as different things, rather than acting as a regular exchange), and chain betting means betting against the system.
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
Hi,
Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.
you did not include overrounds in your estimates.
i'm guessing "matchbook (1%), Smarkets (2%)" is what the website take from the winnings.
if this is correct, wagers take from the winnings is 2% of 2% of the winnings.
That's simply wrong, overrounds are the house edge, which they intend to make 2% on winning amount for head to head, 4% on winning amount for multi-player, and 6% on winning side for chain betting.
What might be confusing is that 2% on winning side is not always the same amount for a given stake, as it depends on the odds you bet on.
You are misleading people with this made up 2% out of 2%, and you can clearly see out of their whitepaper that fees are taken from winning side, not 2% of winning side.
"7.13 Fee Structure
Network fees are imperative for the Wagerr network to succeed long term. Where the fees go and how they are distributed to the network depends on the types of transactions and protections in place.
Bet & General Network fees
● Head to Head betting 2% winning side
● Multi-User betting 4% winning side
● Peerless Direct chain betting 6% winning side
● Network transaction fee 0.0001
● Bet Minimum of below 1 Wagerr bet fees triple"
It's still not excessive house edge, just average, with no extra value over most competitors, and a slight disadvantage against some industry leaders.
Then again, it will be hard to get general public to use cryptocurrency tokens to place their bets, at least in the short term and under wagerr's terms.
let me simplify,
2 equal teams, team A and B
bet 100 on wager. you win 98
in sportsbook sites to be able to beat wager, you will have see decimal odds like below
team A : 1.98
team b : 1.98
i've not seen this kind of odds in a sportsbook
in exchange sites with 1% fee to be able to beat wager, you will have see decimal odds like below
team A : 1.9898
team b : 1.9898
possible but extremely unlikely.
That's not right.
2% fee is more like 1,96 / 1,96, if what you mean is the house edge, but that only applies to chain betting, since it's where the house offers the odds for you to bet on, so at 6% it would be about 1,887 / 1,887.
Anyways, absolutely no bookie in the world applies the exact same edge to all events, and even to all markets within each event, so expect their 6% fee to be on most liquid ones.
The 2% fee on head to head and multi user means extracting that percentage from what you win (not the total payout).
Usually, if the liquidity is high enough, you can even see 1,99 / 1,99, but that is not a matter of what odds the house is offering, as it's what people are willing to pay for their choice on both sides. In this case, with odds of 1,99, saying you place a bet of 100$ and you win the bet, your fee would be (100*0,99*0,02).
In lower liquidity events you will more likely see 1,9 / 1,7 (if there are bets on both sides at all). The fee they charge would remain a 2% on winning amount, but your odds will be horrible.
I don't really care that much about the guy who just constantly writes over my comments with useless arguments, it's obvious that if he knew a thing about betting he would at least try to prove me wrong.
The problem is when people who are trying to invest their money into a project are fooled by this type of people, who are probably paid to hype the project, or fully invested in it.
Anyways, investing is a matter of analyzing where you put your money, and I hope my comments at least help people thinking about putting their money in wagerr do a little in depth research.
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
Hi,
Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.
you did not include overrounds in your estimates.
i'm guessing "matchbook (1%), Smarkets (2%)" is what the website take from the winnings.
if this is correct, wagers take from the winnings is 2% of 2% of the winnings.
That's simply wrong, overrounds are the house edge, which they intend to make 2% on winning amount for head to head, 4% on winning amount for multi-player, and 6% on winning side for chain betting.
What might be confusing is that 2% on winning side is not always the same amount for a given stake, as it depends on the odds you bet on.
You are misleading people with this made up 2% out of 2%, and you can clearly see out of their whitepaper that fees are taken from winning side, not 2% of winning side.
"7.13 Fee Structure
Network fees are imperative for the Wagerr network to succeed long term. Where the fees go and how they are distributed to the network depends on the types of transactions and protections in place.
Bet & General Network fees
● Head to Head betting 2% winning side
● Multi-User betting 4% winning side
● Peerless Direct chain betting 6% winning side
● Network transaction fee 0.0001
● Bet Minimum of below 1 Wagerr bet fees triple"
It's still not excessive house edge, just average, with no extra value over most competitors, and a slight disadvantage against some industry leaders.
Then again, it will be hard to get general public to use cryptocurrency tokens to place their bets, at least in the short term and under wagerr's terms.
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
Hi,
Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.
Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.
The biggest issue with your post is you are wrong.. The 2% fee is against the winning payout.. MEANING that its 1% against the total bet... meaning that it absolutely either beats or at the very least ties the lowest fees out there.
Thanks for your opinion tho, but regulation will only get worse. As governments grow, their power and reach will only increase, centralized systems will be shafted first. Like it or not Wagerr is a really great use case for what is already a starving world, that in my opinion only going to get worse.
Well, my point is not wrong because most betting exchanges measure their fees either in winning part of the bet, or in the stake (or sometimes the higher of both). This is taken for granted.
Even though fee being on winning bets means the true cost is lower, it does not really mean it is 1% on payout, as that depends on the odds you are playing. Low odds will have fees under 1% of your total payout and higher odds will have higher fees.
This would be very good if it applied both to head-to-head and multi-user (twice the fee from head to head).
Take into account that existing bookies don't distinguish between these two types of bets, as your stake can be matched entirely by one player, or by as many players as it's necessary (or not every bet entirely matched).
By the way, this certainly does not beat the lowest fees in the market, and will have trouble beating highest liquidity as well.
However, what I consider to be a bigger issue about the business model is unlimited chain betting, as the system is proposing an easy way to avoid being banned.
As I mentioned before, very few bookies where you bet against the system are sharp enough to be profitable against pro players, and 99% of them avoid them by limiting accounts.
Their chain betting model has fees that are too high to compete against industry leaders, but low enough to offer value and create arbitrage opportunities.
In their white paper, they say the following:
"Peerless direct chain betting.
Peerless betting does not require a complementary transaction to forge a contract. Any bettor can initiate a contract on chain, which the Wagerr network is programmed to pay out if the bettor wins.".
This is a very risky behavior, as tokens will be generated to pay winning players, and believe me that without account limits they will most probably attract many arbitrage bettors and value investors who will make them lose money (big time).
There are still many countries where online gambling is not taxed, so decentralizing the industry will not be a fast procedure.
It's true on the other hand that regulation is horrible and will get worse for most people (ask people who use skrill and neteller how they feel about CRS and their money being safe), but in my opinion, it will be more likely to see consolidated and profitable bookies add bitcoin as payment method, and even as currency for betting, either directly or through betting agents, than a project like this or any other existing one being successful.
Anyhow, time will tell us if this project can attract at least a portion of the huge betting industry.
Let's hope some day we can see a decentralized bookie worth using, either this one or any other one, as it will be amazing news for so many people who bet on sports for a living.
A classic take from someone who trusts centralized systems. Go ahead keep all your money/fiat/bitcoin on a site that is controlled by and held by a single entity or person. If you want to roll the dice be my guest, sounds like you are a betting man as is anyhow so it makes sense. Just don't come complaining when the government freezes it, or the company just ups and walks away with it, or gets it taken from them.
This project takes advantage of the power of decentralization better than almost all that i have seen out there to date. (at least in proposal)
"If you don't hold the keys, you don't own the coin." or dollars for that matter as well...
What a bunch of nonsense. Are you even capable of reading before replying?
Who said I trust centralized systems? Did I not say, and I quote "Let's hope some day we can see a decentralized bookie worth using, either this one or any other one, as it will be amazing news for so many people who bet on sports for a living."?
Decentralized betting will be positive for absolutely every single bettor on earth, but it has to be done properly, and offer a clear edge to take out of business billion dollar companies, who spend millions on propaganda and brainwashing.
The fact that I want something to happen does not mean that I think it will happen, and that seems to be the biggest mistake you are making, mixing feelings with reason.
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
Hi,
Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.
Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.
The biggest issue with your post is you are wrong.. The 2% fee is against the winning payout.. MEANING that its 1% against the total bet... meaning that it absolutely either beats or at the very least ties the lowest fees out there.
Thanks for your opinion tho, but regulation will only get worse. As governments grow, their power and reach will only increase, centralized systems will be shafted first. Like it or not Wagerr is a really great use case for what is already a starving world, that in my opinion only going to get worse.
Well, my point is not wrong because most betting exchanges measure their fees either in winning part of the bet, or in the stake (or sometimes the higher of both). This is taken for granted.
Even though fee being on winning bets means the true cost is lower, it does not really mean it is 1% on payout, as that depends on the odds you are playing. Low odds will have fees under 1% of your total payout and higher odds will have higher fees.
This would be very good if it applied both to head-to-head and multi-user (twice the fee from head to head).
Take into account that existing bookies don't distinguish between these two types of bets, as your stake can be matched entirely by one player, or by as many players as it's necessary (or not every bet entirely matched).
By the way, this certainly does not beat the lowest fees in the market, and will have trouble beating highest liquidity as well.
However, what I consider to be a bigger issue about the business model is unlimited chain betting, as the system is proposing an easy way to avoid being banned.
As I mentioned before, very few bookies where you bet against the system are sharp enough to be profitable against pro players, and 99% of them avoid them by limiting accounts.
Their chain betting model has fees that are too high to compete against industry leaders, but low enough to offer value and create arbitrage opportunities.
In their white paper, they say the following:
"Peerless direct chain betting.
Peerless betting does not require a complementary transaction to forge a contract. Any bettor can initiate a contract on chain, which the Wagerr network is programmed to pay out if the bettor wins.".
This is a very risky behavior, as tokens will be generated to pay winning players, and believe me that without account limits they will most probably attract many arbitrage bettors and value investors who will make them lose money (big time).
There are still many countries where online gambling is not taxed, so decentralizing the industry will not be a fast procedure.
It's true on the other hand that regulation is horrible and will get worse for most people (ask people who use skrill and neteller how they feel about CRS and their money being safe), but in my opinion, it will be more likely to see consolidated and profitable bookies add bitcoin as payment method, and even as currency for betting, either directly or through betting agents, than a project like this or any other existing one being successful.
Anyhow, time will tell us if this project can attract at least a portion of the huge betting industry.
Let's hope some day we can see a decentralized bookie worth using, either this one or any other one, as it will be amazing news for so many people who bet on sports for a living.
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
Another round of massive sabotage attack by the competitors. With at least much better planned and designed strategy than the previous one not long ago. But still too idiotic to deserve attention.
A very important Wagerr team member, killer weapon of Wagerr - one of the most experienced senior sport bettor, houser and investor from the most enthusiastic country of sports in the world, must be laughing out his shit now reading those stupid pretending questions relating his most knowledgeable field.
A very important Wagerr team member, killer weapon of Wagerr - one of the most experienced senior sport bettor, houser and investor from the most enthusiastic country of sports in the world, must be laughing out his shit now reading those stupid pretending questions relating his most knowledgeable field.
hahaha competitor? I wish I was one.
Tell me which competitor offers what I said would be necessary to beat current bookies.
Say their name and I will go bet there all day long.
Truth is that I only wanted to know if people here, who are placing their money in this ICO, at least have a betting background, or know a thing about what you are investing into.
Most of you don't even know how betting works. You must have never placed a bet in your life, and just focus on hype and throwing future price numbers for this token out of thin air. Good luck with your "investment".
Congratulate your "A very important Wagerr team member, killer weapon of Wagerr - one of the most experienced senior sport bettor, houser and investor from the most enthusiastic country of sports in the world, must be laughing out his shit now reading those stupid pretending questions relating his most knowledgeable field", as now he might also be a great marketeer
Oh, and a multi millionaire with a bookie that was not even launched.
Re: [ANN] [ICO] [WGR] | Wagerr | The Betting Blockchain | Bounties
Hi,
Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.
Although this project sounds interesting at first sight, and it's the first decentralized sports betting platform that seems to have clear goals, I have some doubts about this project being a success, besides the price of the token or the amount of money raised during the ICO.
As far as I'm concerned, the biggest value seems to be the oracle masternode, where anyone holding a certain amount of tokens will be able to act as the bookmaker and earn half of the fee that bettors pay (still not sure about the exact requirements for this oracle masternode).
I will try to focus in the main aim of this company, which is to compete against existing sportsbooks, and create an edge for players to move to this platform.
There are two types of bettors, which are mug players and professionals.
The mug players will always need the following requirements for a new sportsbook:
- User friendly, easy to use interface
- Welcome bonuses. This is the typical catch that most bookies use (in many cases it means a cost for companies, due to bonus abusers).
- PROPAGANDA, and by this I mean mainstream advertising, as all the scam, worldwide known bookmakers do, which makes mugs feel their money is safe playing with them (doesn't really matter if it really is safe, the perception is key here), and they are getting the best deal (usually they are getting the worst deal, but then again, they don't care). This will be expensive, and wagerr will have to compete against billion dollar companies.
- Easy to deposit/withdraw money. Here I see the biggest problem, since mugs are not generally used to crypto, and are pretty skeptical (those who are even familiar to this industry). Even more with the volatility of the market.
- Feeling of being "safe" using the company. This again is related to propaganda, and since cryptocurrencies are not known for good things among general public, I see a very difficult task here to convince people to "risk" their money and avoid current easy-to-use options.
The professionals will need the following things:
- LOW JUICE (low fees), and therefore bigger payouts.
- LIQUIDITY, which is 100% linked to low juice (see PINNACLE business model)
- safe deposits and withdrawals
- No limits/bans on winning accounts
As far as I'm concerned, the lowest fees are 2% on head to head betting and 4% on multi-user betting (this does not beat some of the current leading exchange bookmakers such as matchbook (1%), Smarkets (2%).
The fee for direct chain betting (I guess this is typical "bet against the house odds" system) is 6%, which certainly won't be even close to beating main asian bookmakers, neither in fee nor liquidity.
In case wagerr is thinking about implementing a mode where people can bet against the system, this is a huge risk, and here is why.
Most bookmakers profit from a large number of mug players, and are not able to compete against professionals. In order to still be profitable companies, what they do is limit winning accounts.
If wagerr is planning on decentralized betting, without identity verification and other KYC procedures, they need to be among the very few companies that are profitable against professionals (this would be very expensive, as they would need to hire the best traders and attract the best market makers), otherwise they will be eaten out by value bettors and arbers.
I guess you might think that decentralizing the service is an advantage against current companies, but I will explain you why I think it is not necessarily that way.
Mug players are losing players, who don't even care enough to pay attention to this (this is the vast majority of players), and as I mentioned before, they just need to be brainwashed with very expensive propaganda, welcome bonuses and user friendly interface.
Professionals currently have access to companies who offer huge limits (impossible to replicate by wagerr under their current terms) and lower fees.
They can use reputable and trusted betting agents to access anonymously to many of these companies, and even deposit and withdraw using bitcoin if they want further anonymity.
With all this being said, the cherry of the pie, which are the oracle masternode, is useless without the ability to bring money to the platform, and therefore liquidity.
By no means I'm saying that investing in this token will not be profitable in the short term, since it's a pretty hyped project, but I would not expect this company to be successful in the mid-long term under the current conditions.