these computerized devices will typically comprise at least one processor memory network connectivity and a graphical user interface here person wishing to place a wager here called the initiating wagerer user will use at least one of these computerized devices for example device 104 to establish contact with the wagering network server 102 over a network such as the internet 112 and initiate at least one wager this wager will for example typically comprise a wager topic regarding the outcome of an unsettled matter e g various upcoming public events such as the outcome of a presidential election or the outcome of a sporting game wager terms a wager end date and a list of individuals or groups invited to participate in the wager the wager terms will usually be a bet of a specific amount of virtual currency with the exact amount to be defined by the initiating wagerer user or odds of return of a return amount of virtual currency in response to a bet amount of virtual currency which again will usually be set by the initiating wagerer user typically at least some of the various individuals or a group that the initiating wagerer user will in turn contact to communicate the wager to will often be drawn from at least one of the initiating wagerer 39 s computerized social networks here these computerized social networks are exemplified by the server s for social network 1 114 and social network 2 116 examples of such computerized social networks include facebook twitter google and the like and in some of the drawings these will be exemplified by facebook icons f and twitter icons t additionally other individuals known to the initiating wagerer user.