Wagerr has reached a new milestone by accepting its first ever sports bet placed by a traditional betting company.
This is the first step towards broader corporate adoption, the company has revealed in its latest update.
Describing the move as a “win-win partnership”, Wagerr is confident that the same features that have turned the company into one of the best sports betting options for individual customers will make the betting platform a great choice for traditional sportsbooks.
Wagerr offers some specific features that traditional sportsbooks don't have. For a start, the platform has unlimited liquidity, something that traditional sportsbooks simply do not. This brings us to the next question – how does corporate adoption work?
Because some sportsbooks are often faced with challenges such as punters betting heavily on one side, sportsbooks are now reaching out to Wagerr and placing wagers against that selection to mitigate some of the risk they support.
Wagerr's unlimited liquidity means that sportsbooks can reduce potential losses and have a smart hedge strategy on the side. There are other benefits to the Wagerr community, too.
The more winning bets are generated on Wagerr, the more fees are awarded to masternodes. If there are more losing wagers, this is just as well as more WGR gets burned and the deflationary effect brings even more value to WGR holders.
Wagerr is happy to begin onboarding corporate sportsbooks and be seen as a reliable mitigation tool. Yet, if you are still keener on placing bets at traditional crypto sportsbooks, you should definitely swing by Sportsbet.io, Cloudbet or FortuneJack.