In a Medium post, Wagr co-founder and CEO Mario Malave put it this way:

“If you love sports, we’re building Wagr for you. We want to give you a recurring touchpoint with friends and a way to engage with your broader community. We want you to be a part of those water-cooler and dinner party conversations. We want to see you brag when you see yourself at the top of the leaderboard and poke fun at yourself when you are at the bottom. Most importantly, we want you to do all of that without ever jeopardizing your safety.“

The Wagr sports betting app is available in Tennessee only for now, but its founders have completed multiple funding rounds to support expansion into additional states.

Wagr Bonus And Promo Code

Wagr does not offer a standard welcome bonus to new users, and there are no Wagr promo codes in circulation to claim any special offers.

However, Wagr runs a referral program that offers a free bet to existing customers and the friends they refer. The basic rundown is this:

• Existing Wagr customers can log in to their accounts to copy their personal referral links
• Users can send their referral links to friends and invite them to join Wagr
• When referrals register, both users receive a free bet to use against one another for $10 in winnings

After the referred friend registers, both receive a free bet to share on a single market against each other for $10 in potential winnings.

How Wagr Works

In short, Wagr is peer-to-peer betting made simple. However, unlike betting exchanges, Wagr sets the odds. As a result, recreational bettors get the best of two worlds by getting to bet with their friends but not dealing with the complexities of exchange betting.

Customers can get started by downloading the Wagr app, adding their friends, and finding like-minded “crews” to follow online.

Bettors can ship their selections out to the community at large to match them with anyone taking the opposite side, or they can challenge specific friends. For example, if you’ve been debating the upcoming Titans game with a friend, you can tell them to put their money where their mouth is and match you on Wagr.

The Wagr app holds all outstanding bets in escrow and automatically pays the winners after every game. As a result, fans can easily challenge their friends and ensure the winner gets paid after the game.

Experienced bettors should be aware that Wagr is not a standard online sportsbook. Wagr is all about simple, social betting. Instead of providing rows and rows of sports betting odds and alternatives, Wagr simply asks users to pick a game, choose a side, and input an amount to bet.

Wagr is not the sports betting app for analytical bettors who want to grind out small edges day in and out. The Wagr business model caters to casual bettors interested in the social side of betting, not sharps.

For example, a prominent part of the Wagr experience is syncing one’s contacts list and joining “crews” with other members. By synching their contacts and joining crews, bettors can follow their friends, challenge one another to wagers, comment on other users’ outstanding wagers, and generally just be social.

Friends can also create private crews to monitor one another’s progress, follow their wagers, and compete for top rankings on their own leaderboards.

Registering A Wagr Account

The Wagr registration process is so simple it might confuse some users. First, bettors can get started by opening the App Store or Google Play Store and searching for Wagr.

When new users launch the app for the first time, they will not see a “sign up” or “register” button. Instead, users tap the “Log In” button and input their e-mail addresses, even if they don’t already have an account.

The Wagr app will send an e-mail with a link to authorize the login, and users can follow the link to approve the login request. From there, they can return to the app, and it will log them in.

After logging in for the first time, new customers input their personal information and create their accounts. In all, registration takes less than five minutes.

Wagr Sports Betting Lines And League Coverage

Unlike traditional sportsbooks, Wagr does not compete against its customers and has no stake in the outcome of any wager. Instead, Wagr makes money by charging a 5% commission on all wagers.

Currently, Wagr only offers pregame point spreads. However, Wagr’s founders say they will add moneylines, prop bets, in-play betting, and additional options within the next few months.

Wagr’s sports coverage involves the major US professional and college sports. The betting catalog is limited by design for now because Wagr must find two people willing to take one side of every bet. By limiting the range of options and especially focusing on local teams, Wagr funnels more users into fewer bets to increase the ease with which bettors can find others willing to take the opposite position.

As Wagr grows its userbase, look for it to expand its sports coverage and betting options.

Wagr App Review

To get started, bettors can download the Wagr app for iOS on the Play Store or Android on the Google Play Store.

Users will find the Wagr sports betting app easy to use, understand, and navigate. The app’s simplicity may turn off advanced bettors used to browsing dozens of betting lines and research past wagering trends, but it is perfect for recreational bettors – the types of people who may already be betting on games with their friends.

Experienced bettors will likely find the Wagr interface jarring at first because it neither resembles nor functions like other sports betting apps. The Wagr homepage looks more like a social media feed than a standard online sportsbook, with a homepage that shows users their friends’ latest bets and comments.

Users can place bets by tapping the big foam finger button at the bottom of the homepage. Doing takes them to a betting page with a search tool and a list of upcoming games.

After users find a game they want to bet on, the app walks them through three steps to place the wager. First, they pick the team they want to back. Next, they choose a crew or friend to send the wager to so the app can match it with someone else. And last, users input an amount to bet.

The process is easy, but Wagr could improve by allowing users to send the bet out to the public rather than making them pick a crew or friend. If a user doesn’t have a friend or crewmate interested in the wager, it will go unmatched.

However, bettors can join as many crews as they want to increase the odds of getting their wagers matched. For example, NBA fans can join a basketball crew and send their bets there.

Wagr Deposit Methods

Wagr only offers online banking for now, but company reps say it will add additional deposit methods soon

In the meantime, online banking should work for most users. Bettors can initiate a deposit by logging in, visiting the cashier, and selecting the online banking option. Once there, they can choose their bank from a list of supported banks (Wagr supports most banks nationwide) and log in using their existing online banking credentials to authorize the deposit.

Bettors can withdraw their winnings via online banking. Wagr tells users to expect the funds to post to their bank accounts within 2-4 business days.

Expert Opinion: Is Wager Legit?

Wagr is legal, licensed, and legitimate. Wagr Tennessee launched first after receiving a license from the state lottery and has the backing of numerous high-profile investors.

Some of notable investors involved with Wagr Sportsbook include the Kraft Group (owners of the New England Patriots), Harris Blitzer Entertainment (owners of the Philadelphia 76ers), and multiple venture capital groups.

The Wagr Sportsbook business model is unique, but the company has completed all the formalities it needs regarding licensing and funding. The only remaining question is whether Wagr can attract the userbase it needs to support a healthy peer-to-peer sports betting ecosystem.

Wagr Sportsbook FAQ