Bitcoin Forum

Top 4 Technological Advancements for Sports Betting

Bitcoin and behind the scenes blockchain technology

We should start with the most obvious and most important advancement, how we manage our betting dollars. When we wager in old school, traditional, currency like dollars we must often use a middle person.

In this case, that middle person is almost always a credit card company. However, when we wager in bitcoin, we use peer-to-peer, decentralized technology, that allows us to bet in mBTC, a thousandth of a bitcoin.

Bitcoin uses proof of work, which makes it ultra secure. Not only that, but advancements in blockchain technology, protocols like PraSaga have solved the trilemma – – a blockchain that’s decentralized, scalable, and maintains proof of work-like security, means advancements in bitcoin and blockchain betting will only increase.

Sports betting AI

We add a question mark to number two. Eventually, AI will get so advanced that an artificial intelligence program should allow sports bettors to quickly identify bets with the highest probabilities of scoring wins.

Ah, but what’s good for the sports bettor is good for the sportsbook. Sportsbooks won’t ever shut down wagers on AI driven bets one-hundred percent, but they may request a larger vig, more juice, to place bets on AI driven options.

So AI driven options may present a double-edged sword. All advancements in all technology isn’t always the best thing. Sharpening your handicapping skills will always be the best option to finding winning wagers because AI will never develop sports betting intuition.

Advancements in sports betting acceptance

Acceptance isn’t exactly a technological advancement. But it qualifies for this list because it’s a major advancement in online sports betting.

U.S.-based organizations like DraftKings and BetMGM have opened the door for sports betting as a viable, accepted, form of entertainment. However, organizations like DraftKings and BetMGM are running traditional operations, meaning they are as centralized as a brick and mortar Vegas sportsbook.

To get true decentralization, to have the power of a sports handicapper in your hands, you must use a bitcoin and blockchain sportsbook.

Read more→ https://n2g.io/e622977

I was just wondering how cool it would be when an AI would do the data analysis work. Imagine it analyzing the data and picking up the best odd for a bettor. There is a possibility that an AI could outrun a human being in those spaces and they might excel in it. But, we cannot ignore the fact that a sportsbook won't work on improving their side. Eventually, they would catch up pretty quickly and would limit a bettor's profit from an AI. Do not forget they are once who are known to adopt new and innovative technology first than any other industry. So to an extent AI betting would help the bettor but it wont last in the long run.

If a gambler is using AI bot, there is still probability that he will still lose, especially as he gambles more frequently. AI bots does not make someone to be a better punter, the person can still lose and lose.

I can not think of better ways to the extent of looking for ways to earn more than I lose. I will still consider bots in trading than gambling but which I am not using too. There is nothing better than me to gamble appropriately without AI or anything like bots.

I can assure you that AI or other bots does not guarantee winning.

Gambling is gambling. I get the fact that using a bot or an AI could increase the potential of your winning but not in all games because sometimes we all still lose bet I’m games that we were 99% sure that we were going to win. Take for example when an Upset happens, and just like the post above mine started I would I use bots for trading than to trust it for my gambling.

Let’s talk about the casino itself, while some gamblers might be willing to use AI to gamble since they are going to realize more profit you won’t just expect the casino to sit down and watch their money being scoped away by an AI, for one some might restrict the use of AI and if an anomaly is detected they could shutdown the account without further explanation and if your think they won’t be a way to detect AI usage trust me they’ll figure it out. For now, let’s keep having our fun while still outing our brain to use.

I can only be speechless amazed by the advancement of technology and the convenience in it.
In the past, when I wanted to do data analysis to win a bet, it took quite a long time because I had to find valid information from various sources and continue to absorb the latest information as material for analysis. What's different now is that after the advent of AI, they can infer the information we need for analysis in a short amount of time.
Well... we can't completely rely on AI alone. Predictions can still go wrong, we also need to absorb other information, don't just stick to AI. And if we only focus on AI/artificial intelligence, if we do this in the long term it will make us stupid, because we also have thoughts that need to be honed.

I don't get why a lot of people are really amazed on how AIs can do things. Without human touch and input, AIs will not function to a human's liking and would be more of a liability than a tool. In sports betting, those who are versed in the game are more likely to do better decision-making than an AI who can only crunch numbers that is fed on to it by a human or another machine. AIs can do a lot of cool things in terms of automated betting, but I wouldn't depend on it 100% to bet on my behalf in sports.

Oh, totally get you! AIs are cool but they're no match for human sports savvy. They can crunch numbers, but they're not nailing that human touch. I wouldn't bet my bucks solely on an AI for sports betting, you know? AI don't have the guts that's when we trust our guts! Because in gambling it's more of like a very mental and luck game. 🤝

I don't know about you all, but I am still quite skeptical on the benefits Artifical inteligence could have in the world of sport betting, because if we talk about the use of AI to predict outcomes, I doubt they would have much of an advantage and even if there is an actual advantage, if most of people learn how to use and have access to such technology, then all of us would have the chance to exploit it and betting would lose the uncertainty which makes it attractive and profitable for those who manage to get the results right.

A situation like that would make the odds to look very unbalanced, in short, it would break sport betting.
Though, I am counting on AI not being so precise.

The AIs will probably just bet the bookmaker's favorite team as a suggestion from the AI. And then of course the bettor thinking like he has the advantage will just click Ok and all that he manages is just how much money he'd put on for every bet.

A more advanced AI will probably choose the winning method in sports such as Boxing or UFC fights. The problem with such AIs is that they will grab data from somewhere else to check the records of the athletes, if the athlete's data is not found like nowhere found in Wikipedia, the AI will malfunction.

You're right because the introduction of AI to gambling does not guarantee a 100% success in gambling it might only increase one's performance or reduce much loss but the chances of losing is still their, currently there is not technology or  strategy that guarantees regular success in gambling it a game of both luck and skills combined and I think any years that a successful strategy is discovered then that is the end of gambling, many businesses would close down because alot of individuals if not all would want to use that strategy and it would lead to bankruptcy therefore for this not to occur the casino owners would try as much as possible to secure their business against all odds or strategies that would lead to loss money or close down completely

It is not only the fact that businesses would lose money but the industry would change in a very negative way. For example, if there was an open source AI, which all of us had access to and we decided to use it to try to get betting results, it would imply the AI would say the same to all of us. If we actually took the AI advice then the volume of money put at stake for a result would be much bigger than the contrary result. That is the unbalance I am talking about.

Even if the AI would only Increase the chances of success in 35% or so, still would create an unbalance, depending of the volume of the market and the casino, Arbitrage would propagate the problem further to other markets.

Because not everyone can do a thorough analysis on sports because you will need to watch or become updated on all happenings to get the best analysis while you can do this only by focusing on it with a lot of time which everyone doesn’t have.

AI analysis will benefits those bettors that don’t have a good analysis skills. I’m sure this AI technology doesn’t give much interest to sports expert but this tool is a blessing to normal user that wants to bet on sports with a good analysis on picks.

AI is a new technology that has changed the way a business was conducted earlier and now AI has become a big challenge. Considering what an AI can achieve if a user knows how to use it I feel this is bad for humanity. The reason being AI might become something that would take the job of a lot of professionals. That being said I believe a human would be more formidable than an AI when we think about sports betting. An AI would only respond to a query and a human would not as a human is already knows what he/she needs to work on. Bettors would benefit initially but in the end, the house would overcome it. Considering what might be the recursion in the long run I think the house won't tolerate such theft. We would only know what would happen next when such a issue is detected by the house.

So why enter something that you are not good at and leave it to the AIs for autopilot? That calls for a lot of loss in money and capital, and not really desirable if you'd ask me. There's that reasoning that not everyone who enters something, enters it as a pro, but you can't really say that especially if you are risking money in order to make more money. Also, there's not an AI currently that can do predictions, so the user will likely have to feed the AI inputs that he/she should know what it's all about.ß

Technology is changing almost all aspects of both betting, trading and gambling. The revelation of AI is one that has seen more online bet platforms, trading platforms and exchanges incorporate AI bots as an upgrade to provide trend analysis and projections.
The technology you are referring to, isn't only limited to AI, because Web3 features and the network on which it operates is inclusive.

I agree with you and I think it is not wise to use AI or Bots for this purpose. When it's about betting, it depends on luck. It's a 50-50 chance. When you are using it for trading purposes, it can work with more data and give you some sort of accurate prediction. (not 100% accurate). It will also lose as sometimes the market moves on people's sentiments. As AI lacks human emotion, it will be unable to predict what's coming next.

Also, in sports betting, it's humans that are playing the games. Not machines. And past performance does not give you future predictions on sports. Anything could happen at any time. So if you really want to try out your luck, why use AI or Bots for that matter? Do it on your own. It's more fun that way. And gambling should be for fun and entertainment.

All other things are right but I don't think that AI is yet at the level of development where it can be used flawlessly for predicting the outcome of upcoming matches, even if an AI model is trained using the most recent data, it might be able to assist a bettor with their bets but it won't be able to do all the work and finalize a bet and let the gambler use that bet without any further research and analysis because AI models are not at that level yet.

A person can surely use an AI model such as GPT-4 to do the basic research and analysis and to fetch the data necessary for the research they need to do before they place a bet only if they can play around with the prompts needed for that, but one shouldn't totally rely on an AI model for their bets.

I think the way technology is changing sports betting is fantasy sports and e-sports.

Fantasy sport can be fun because you can select your favorite player to bet, while e-sports create a new sports to be competitive and can be gambled. Currently fantasy sport isn't really popular, but e-sports is really popular since it's more real and many young generations are playing these games in their own cell phone or PC.

Technology has changed everything, including gambling, and with technology, gambling is increasingly popular and makes it easy for people to gamble. And whether this AI will be used in gambling, we can only wait, and perhaps we can find out more about AI that will be released in gambling. But I'm still curious how this form of AI can be incorporated into gambling, but if this AI is used to find more detailed information for sports betting, it looks like it will be very interesting to try. Moreover, we can get more data useful for analyzing the competing teams.

the real change is given by the bots/tools that allow you to automatically place tens/hundreds of bets based on a specific strategy.
this has been one of the best innovation that has elevated the betting games to financial standards.
But meanwhile I think it will still take many years before we see an AI system capable of producing similar winning strategies

It is doubtful that gamblers will ever get an edge over the casino using an AI, and this is because an AI depends on the data that is given and your expertise in order to produce the results that you want, and in that respect casinos are above gamblers, they have all the data they may wish and they can hire the best experts to combat any strategy players may come up with, so those dreams that gamblers have of using an AI in this way are likely to remain just dreams.

Someone can get advantages using AI which cannot be achieved manually for human being. But we can say that using AI there is no 100% guaranteed success in gambling and it doesn't seem like it will ever happen. Because no one can predict future. But there is no doubt that this AI will give you more support. Those who run casino and those who play casino both will take the advantages of the use of AI. It is not that one side will take more advantage and the others side will not get.

While there could be a big change for betting in sports through AI. I just want to go with the traditional one which I prefer since I'm used to it. Maybe sooner or later the changes through AI in all of its forms including gambling will also be adopted eventually. But I just can't feel it right now because I'm all for the typical setup that we're having. Maybe, just like in chatbox where there's an AI and you want to cast a bet and that's it. It will be recorded automatically and you'll be able to cast bets with simple types of words. That's how it is going to change but then, as long as there's not that much demand on it and there's more with the former, that doesn't hurt the people like me that still prefers the older system.

Some people involve in the sports bet using AI,AI was taking the place of all the domain.So it like the virus attacking all the field.At the first the AI was used in the way of IT sector to automate all the man doing activities like the report generation for certain task.Many team in IT was not automated with many bots and AI for the man activities.When you use the AI for the bet,it will analysis the entire old data of the player using the google.So the possibilities of getting profit from the sports bet is high by using the AI.

It would be cool. But judging how complex a simple game of football is in variation and probability, predicting a game's outcome through AI will take lightyears of paperwork before you even come up with a workable algorithm. While the process of winning in a football match is linear, the process of getting into it is what makes it a little complex. Same goes with any form of team sport with a point system, and casual individual sports with points basis as well. Determining who's got more chances of winning is a little difficult for AI to do so. We could make these predictions since not only do we use a crude form of prediction which doesn't really get anywhere, we're at the same time able to process these eventualities and account for them with pinpoint accuracy.

It is very unlikely a new AI powered system would be implemented and adopted to the point of replacing what we consider to be the "classic one". It would take casinos and betting providers to come up with new forms of engaging on their markets which have never been seen before, basically an overhaul of the concept of betting.

I personally think the role of Artificial intelligence within Sport betting will stay only as a personal assistant for people setting bets and also as a tool to try to predict outcomes or the percentage of chance of an specific outcome, by analyzing much data in real time. Though, I think we are still very far from reaching that point and I doubt of the grade of accuracy those tools will have to predict stuff going on in the real world, like a football match or a political election.

As it stands AI has become more a curiosity used to generate suggestive art for free on the internet.

It is of course worth thinking about what could change in the near future. Or maybe it will still take some time until we as the users of the platforms experience some fundamental changes as to how we gamble or what the screen could be looking like, but most of the technological innovation could also happen on the providers' end without sharing the new insights and technologies with the users. For instance, if they found a way to analyze data sets better than the average bettor and they also understand how to use AI to their own benefit, I think that the industry would for as long as they can keep those secrets to themselves and exploit the advantage over the user for themselves.

These casinos are all about profitability and when an industry is profitable, it is quite normal that they also become lethargic in regards to innovation. So far I haven't seen that casinos in the online area are threatened by any new technology from any innovative casino. If that was the case, all casinos would put effort and resources into advanced technologies themselves, but if their cashflow remains as it is, which is significantly positive, I don't think that we will see any significant changes being made to the user experience if it is not necessary from a business point of view.

AI will still be improve and soon it will be a big help to gambling industry and let’s just hope that AI will be use the right way. Betting the old way is still a good one and there’s no need to update it but since technology is still growing, we should also adopt so we will not be left behind. Casinos have to introduce new feature as well so they remain competitive, the competition between those casinos are also growing.

The evolvement of technology is inevitable, so these business owners are also trying to catch up with the current technology.
What I like about the sportsbetting scene is that owed to crypto online sportsbooks, I can bet anytime, anywhere I want.
Also, you don't need big amount of money just to place your bet. Some online bookies even accept a $1 bet.
Before, with traditional bookies, you would be ashamed if you will only place bet using 5-10 bucks.
But today, with these crypto bookies, they have very low min amount that you can use to place a bet, and very convenient to check all the betting lines available.

Making use of a blockchain sportbook in gambling is one of the best decision to make while having adequate gambling experience especially for the lovers of sports bettings, everything with this technology had been made simplified with the blockchain technology because it had been improvised with better experience, let's try to make the best use of this technology with cryptocurrency to have the most amazing fantasy with sport betting through a decentralized network.

Your viewpoint is one that I share. It's important to keep in mind that while AI can accomplish some amazing things, it still requires human direction and data input in order to work properly. AI, which mostly processes data it is provided, is typically outperformed by human skill and intuition in decision-making in industries like sports betting. Even though automated systems might be helpful tools, relying only on them might not produce the greatest results, especially in complicated circumstances where contextual awareness is important.

It is true that technology has evolved a lot to the point that today online casinos have better looks and functions that make life much easier for bettors and players, but there are many challenges that casinos are very far from being able to overcome, for example in terms of customer service. to support, even today it takes a long time for casinos to solve people's problems, the fact that online casinos don't have at least a physical office in the real world is another big headache for people when they have problems, casinos don't have it either licenses coming from first world countries, that's because in these first world countries the toughest rules for gambling

online casinos are also unable to pay for the rights to broadcast live games of the main soccer leagues, which is very bad because if a person wants to place live bets on games from the main leagues, that person needs to watch the games on tv or internet and live at the same time being at the online casino to be able to place a bet, this is a big headache, I don't know in what year we will see all online casinos or at least most online casinos being able to broadcast live the games of the main leagues, I only see them broadcasting the Bundesliga and NBA and Tennis games and other small leagues

now talking about AI, honestly even though it's a good thing and it's in great progress, I still ask myself the following: a person with 5 years of experience as a sports bettor, this person always takes some time to analyze the games he will bet on , but after a while he starts using the AI to predict the results of the games, could this person still be called a professional bettor when he now uses the AI and no longer analyzes the games himself?

I've seen automated machines and software fail their simple tasks in time. What's the difference of that with automated betting machines? Even scripts with simple instructions break over time when they encounter something that is not within their instruction set or parameters. AIs are great tools when combined with human touch. Until then, I'd stick to manual betting, or if I use an AI or something automated, I'll get on top of it and make sure that everything runs as I expect it to be.

That reminds me of the betting models that sports bettors use for experiments and testing. I remember tailing a few models with good records and the bad ones became a fading tool for the other bettors.

Or increase the juice on specific markets because I doubt it'd be easy for most sportsbooks to find all those AI bets.

I am more into what could be implemented as new games through AI developments not guess part honestly. Currently we are wagering on same traditional games. But with highly developed AI, there could new games where you interact more with ai especially in live betting. AI may measure more data on pitch (speaking about football) that gambling companies may use. Advancement with ai will change a lot.

I expected to see Sports betting AI as I went through the write-up, because AI application in different fields is a part of what is new and trending.

Because it is a trending technology that is mind blowing to most, and has shown some kind of accuracy according to programing, many people consider them to be faultless. There is an extent to which the each AI technology can function, they are not limitless.

In the area of Sports betting, for the outcome of some sports or games which is a future occurrence that defies whatever statistics sometimes, AI technology will never be able to make 100% accurate predictions for use by sport bettors to place bets. It will only be able to show you the likely outcome.

I don't want to ruin all that enthusiasm I don't see only here but also in professional social media like Linkedin,everybody is talking about how AI will change things and I find it funny because no matter how much advanced that AI becomes it is still fed by our data,the data we put into search engines and similar things,so it will remain a virtual assistant,a powerful virtual assistant,just that though a virtual assistant.

I have tried to ask ChatGPT of which bets of today games is the most high likely to win and it did not answer me telling me that I should read different things as I can't help predicting future outcomes,this for me says enough.

There will be new games that will implement AI into the game to attract people and make them curious. And gambling games in the future may be different from what we play today. And if that happens, maybe our generation will miss the types of gambling games that we often play today. But for sports betting, AI can easily collect the necessary data so we can analyze it by combining these data. And using these data might increase our chances of choosing a team with a greater chance of winning.

Like what I previously mentioned, using AI in order to determine which odds are greater should be used as a supportive tool only.

AIs are created in order to be a supplement on what humans could achieve on their own. If you base purely your decisions on the predicted outcome of an AI, then you would run on the risk of losing at the end. At the end of the day, AIs can only do as much as gathering data and predicting outcomes but the ultimate decision still comes with you. There still remains a human aspect on outcomes and matches in sports-betting.

In conclusion, sure- AI can definitely help you decide on which team to choose but this should not be used primarily as your main and deciding tool for every game.

Yep that's true. There's a chance that AI that is focus in sports betting is now being develop by someone. It will be an easy money for the developer if it happen that he develop a high accuracy one. Though making an AI a smart one is not easy as it need to be constantly trained and feed by data. Also, I don't know if casino's will be against this knowing that they won't suffer that much losses in sports betting compared to the casino games they are offering. Sooner or later, we will see how AI will dominate gambling in the future.

Afaik, There’s already machine learning program available on github that being shared publicly. Most of this tools is focus on specific sports such as basketball and football. They use statistics for this bot learn and adapt what’s the best pick on each match considering all the previous stats.

This is machine learning and I’m sure that AI technology is developing such tools for sport betting since there’s a demand for it in case this AI will work. This will be helpful for those people that doesn’t have time to browse sports mews to analyze upcoming matches.

Programming and developing such thing would be easy on industries involving money.It is a bit not surprising to know that advaancement in technology would also be applicable to gambling. One example of this advancement is how the game changed. If we would go back with the past, games has an original form perhaps with slot machines, dice games, and even with sports betting. As we can see at the present there are now variations of how will a game be gambled such as with parlays, wagers  and the likes. From the platform to the number of sports being included. As in line with tools to come up with a win, for sure gambling sites won't allow it to pass through easily.

Really? that's cool people will not consume time to research and look for more info about the game and that could be easier for us. But then what is the percentage of it being reliable and accurate? Maybe it will still depends, but if people still wants to do the traditional way and want to research first those things then it is fine and okay to do it and to use traditional ways.

This acceptance makes sense to me. The advancement of gambling from being a must to visit a place to gamble to being able to do it at your comfort has massively increased the number of people who have accepted it as a fun activity. It was discouraging to always have to leave your comfort to gamble, so gambling was ignored, but now with the advancement in technology, sports betting has grown into something you can do from anywhere just with the fairly okay internet connection and a mobile phone. Unfortunately also, the advancement in technology has also increased the number of people that can get addicted to sports betting.

With the use of AI in sport bettings, alot of changes could be seen from the way people gambles and the mode at which they pass through to get this satisfaction in sport bettings because everything will be made simple than before with the use of AI being introduced, gamblers have always been on the expectations of something related to see with sport betting, because it also saves time and stress, though we should not misconcept AI for accuracy in gambling, it's just a precision on how we get more satisfaction when gambling, we loose and win and that remains constant while gambling.

Basically we already understand and often read about sports betting technology which is often discussed by sports betting lovers, of course what we often see is: How Technology is Changing the Sports Betting Landscape. (https://nativenewsonline.net/advertise/branded-voices/how-technology-is-changing-the-sports-betting-landscape), as you said in the thread the first page.

As time goes by and technology develops, plus more and more gamblers and sportsbook lovers are increasing day by day, of course many sportsbook organizations have thoughts about how sports gamblers should have many choices and the way they bet using technology in the world of sports, especially those who bet on various online crypto gambling sites today.

For example: sports betting technologies that are in use these days such as:

Of course, it's all for the sake of good, convenience for the continuation of sports betting, but even though at this time sports betting technology, which is often used by many gambling players, to be honest, for now I prefer to use my own traditional methods, all of that can make me a little safer to do it without anxiety and negative actions, I'm still happy to use it all, rather than technology like the one in the quote above.

I mean using AI to gather information about the games you intend to bet on can be helpful but I don't recommend relying purely on AI picks for making your decisions. These picks are primarily based on predictions derived from online data and might not accurately reflect the real life situation. However, they can provide valuable informations related to the games you play especially for beginners in gambling. To be honest, personally I believe that making your own choices and doing your own analysis is a more effective way than depending on AI.

The human brain is far superior to AI in many aspects, so I suggest utilizing your own abilities before considering the use of AI generated recommendations.

I concur with you and I think the fun about betting often is that it is not about any AI technology we could be using, but about our own intuition and knowledge we gathered over time. Of course if it is all about making money and you are in it and would be willing to use algorithms to tell you what is the best pick under which circumstances, that is a different situation maybe. But those who gamble for fun (they also don't want to lose of course), also do it because the way sometimes is the fun and the goal. Sitting together with some friends, placing some bets and one guy says this will happen and another guy says that will happen.

If I am convinced that an injury has a certain impact on the team and I feel that the favorite might lose the game because of an injury and AI tells me otherwise, I would still go with my own opinion. I think that gambling would become less attractive if everyone only had to punch in some ideas into a calculator and then gets the answers what to pick. I think that the total volume generated through gambling could even decline when algorithms were available that do everything for the gambler. It would also significantly decrease the margins for the providers as everyone would have access to the same technology and come closer to the spot/spread where the betting providers make the money from.

The main problem with AI analytics is that both you and the bookie have it, so eventually it will become boring. The bookie will know who's the favorite and know the exact odds, but gamblers will use the same machine to check it and see if it matches. At some point they will even stop doing that and know that if the AI shows 80%, then it must be 80, so all the debates who's favored, if it's worth it to bet on the underdog, will stop and people will just ask the AI and bet money on the winner. There will be no arbitrage too because all bookies will use the same AI. I hope that it won't come to that.

I think that technology already exists. As far as to how accurate it is, I have no idea.

But if you think about it logically, if everyone would be using the same Artificial Intelligence tools to get ahead, then does anyone actually gain an advantage? I think the given odds will reflect this. If technology becomes more advanced, the less profitable sport betting will become.

Personally I am not a fan of using AI when it comes to betting or trading. The reason is very simple: AI will never be able to out-do the human mind and furthermore, gambling in such a fashion is absolutely no fun.

and once AI can give a very high percentage of winning chance, for sure, these bookies will start to change something on their business. remember, they are here to earn income not to lose from their players. but do remember, AI needs to be programmed by humans. so the performance will still depend on how good a person set-up his AI. but if they start seeing that with the aid of AI, they are losing their business, high likely they will shutdown their operations before they are exhausted with funds.

Technology is changing everything, not just sports betting... but in the end, we are the ones who decide how much "technology" we will let in our activities, in this case, sports betting. I don't bet on sports all the time, I usually place bets when I have time to check some news and I like to see some general statistics, it's a fun process for me... so I doubt that I will change that, I guess I am too old to for that.


Well, on the other side, this can be interesting... I don't think I can imagine an AI interactive gambling game based more on skills than luck. Maybe that can be some improved "Dragon Tales" game. That would be really something.

That's when artificial intelligence technology project would try to over do each other. I am not a supporter of this idea because gambling should be a fair game and no one is meant to get ahead of anyone.

And one thing artificial intelligence technology has aimed to do in every sector they go it to make things more advanced technologically and if this enters the sport betting then we may see people giving up on sport betting if they keep losing or it doesn't favor them.

Using AI bot to making your bets doesn't mean you won't lose a bet, it's even useless when someone with someone who have no knowledge about sport betting now relying on AI to do the whole chunk of predictions for him because he won't know how well to use it because for AI to give you a good result of something you must have good idea of what you're  using it for.
With the use of AI in gambling and sport betting we perhaps might start having more losses in gambling than we're now having making use of our very human intelligence, as our intelligence can't be limited in any form by the gamblingg/casino house but it can with AI usage.

I'd say the only real advancement here is AI though? Blockchain is more like on payment methods instead of sports gambling itself, and as for acceptance, it's, well, acceptance. Probably should've added the VAR technology instead, it's been making rounds the past few years and has been used in quite a few big official tournaments already (which I'd probably count separate from AI).

It's a question of these tech being helpful though, I don't think an AI that could make accurate bets exists as of yet, I haven't heard from ChatGPT's plugin (iirc) feature which is what I was expecting to be at the front of AI accessing the internet. VAR is kind of in the middle, Afaik it's had it's own issues but at the same time, they would've stopped using it if it only had issues so I reckon there were some pros with it.

Using AI for gambling doesn't guarantee that you will win your bet. Gambling is about luck and when you use an AI not the casino wouldn't want to be cheated and this might lead to ban on your account. Another thing that I have come to realize is that if AI are rampardly used by gamblers,then the casinos might also change their games to use AI from preventing customers from winning most times.

I don't know why we are thinking of cheating in gambling when a professional can do all his research himself and will still come out with a better results than AI. It is when you see gambling as a means of profit that one will think that AI can help make some good profit from gambling but the fact with gambling is that you must loss more than you win either by AI or your reason faculty. Technology is easing human stress.

Agreed, it is crucial to highlight the significance of comprehending the constraints and intricacies involved in employing AI within the realm of sports betting. Undoubtedly, AI possesses the potential to wield substantial analytical capabilities and furnish valuable insights. However, it is imperative to acknowledge that AI does not offer an infallible route to triumph, nor can it supplant the quintessential faculties of human decision-making. Although AI can proffer indispensable perspectives and contribute to the decision-making process, it must not supersede the intelligence and expertise that humans bring to the arena of sports betting. To achieve favorable and gratifying betting experiences, it is prudent to adopt a well-balanced approach that integrates AI-generated insights with human judgment, comprehension, and the practice of responsible gambling.

Just like trends keep coming and going, I believe more advancement are coming to the world which will make gambling to be more interesting than the way we are seeing it now. People have started trying to exploring the way the gamble making betting to be adventurous for everyone that want to try other ways to bet and make money from.

As advancement keep growing, casinos are making money less gamblers are making money too but many are losing there funds. The loses do not come frequently but once a while without us having the sense that we are losing a lot of money because of our aim of making profits from gambling.

It shouldn't count as cheating when it's more or less a convenient tool for gamblers because you can't expect most gamblers to have a lot of time on their hands.

It's unlikely that gamblers will get banned for using AI since you've mentioned there's still luck in gambling. If their AI is that good and effective, then it's only a matter of time until the sportsbook finds out about their unusual winning record and gives them the lowest betting limit.

AIs definitely have an upper hand in each aspect. But the perfection is required can only be achieved when there is human interaction in the work. Tech really enhances the user experience. But at the end of the day, gambling is followed in a traditional manner, like it was used to be before only. I don’t see any drastic change in the gambling industry due to the technology. Rather technology have just made the betting more fair.

Isnt it strange they waited so long to achieve this in public sphere? I guess they wanted machine learning programs to be extremely cheap cost and profitable. Currently it happened I suppose. And yeah when I compare then to now we developed many different sports betting games thanks to computers and internet. AI will create new ones for sure only if people who knows what to do work with it. Professionals should definitely look towards it.

AI in sports betting will leave no room for personal improvement of the gambler. For example, an individual is able to make their review and analysis they lose a bets. In their next bet, they would have learned a lesson and made improvements. This is not so with AI if you lost a bet using AI's prediction, how would you know what went wrong? That is one of the limitations with using AI. Another limitation is AI needs to be trained and retrained with new data and its model needs to be improved upon. Well this is not the case as we are still in the early stages where it cannot training itself on the go, using it for sports betting will see a lot of outdate information and inaccuracies. Therefore, I encourage anyone using AI for sports betting to do so with caution due to its effectiveness. I will always pick personal experience and a solid betting strategy over AI sports bet predictions.

AI so far has only processed data available online and that gives bettors an idea of how matches between the two clubs went in past matches, so bettors really have to do their own analysis using the data displayed.
So so far it hasn't had much of an impact on sports betting, maybe as the developers continue to develop this technology it gets better, but I'm pretty sure it won't help much for bettors to be able to win bets because if such technology exists then all the bookmakers will experience a loss, so the prediction will still be a prediction whose results can be different.

Tech have currently influenced the way we do things in gambling, changing entirely everything, good way to reduce stress. Only our predictions doesn't stand a chance, rather we ought to stick to the new tech that's absolutely running smoothly. Al is the present tech that have done more work than the human brains it provides the essential information needed and gives us good opinions on what to expect in the game. Most of us remain reluctant and depend on mostly on it for game analysis, we barely even carry out any work by ourselves.

Just the ease of access is already a big leap for me. It means I don't need to go thru traffic or ride a plane just to go to a casino, I just need my computer and internet, and better, smartphones can also access it.
With the addition of cryptocurrencies being injected into gambling sites and sports betting websites, it completes the ease of making a bet. Bringing cash online means paying up the middleman to do it, or the bank could restrict you with so much trouble. But with cryptocurrencies, all we need is an exchange and then we can also bet at the smallest portion if we are just doing it for fun.
But that's a good point OP. It really is a big difference now when you think about it. The AI also helps by pointing you in the right direction of your bet history.

AI can give us an idea by analyzing data, but betting-related data cannot tell us exactly what will happen. The presence of the human factor in sports shows us that the same results will not always happen. For example, a soccer player cannot always score in the same position. A player may have scored in the previous 5 positions, but there is no guarantee that he will score in the 6th position. AI tells us that the probability is high, but there is no guarantee that it will happen again.

The data only gives us an idea. The data cannot tell us what will happen. It is up to us to trust and believe this data. When it comes to sports betting, I don't exchange opinions with AI. For most sports, data is actively being processed and it already gives us data. We can look at that and form our own opinion.

Good thinking buddy, indeed betting using predictions or analysis that is made by yourself can provide evaluation or learning when an error occurs which makes the bet lose so that we can learn again what to do so that in the future each betting prediction made by ourselves can be better and generates greater chances of winning.
Regarding the use of AI, the information obtained has been patented and of course we cannot know all of this information whether it is really feasible to be the basis for predicting results or not and when an error occurs we can never learn from the error.
But even so, for now we can see that there are quite a lot of people who are too exaggerated in assessing Al or even too proud of Al as the best artificial intelligence technology.

No one will advise gamblers to use Al in making betting predictions, but at least don't let a gambler really depend on Al because it can have a bad impact in the long run.

Do you really think so? I think that the sportsbooks are pretty much the same as casinos. The casino wins when the players lose.
The sportsbooks aren't so different.
AI cannot predict the outcomes of sports events. They might be helpful in gathering and analyzing data about past performance of the sports teams and athletes, but that doesn't reduce the luck factor in any sports event.
By the way, how can a sportsbook platform reveal which bets are AI driven and which bets are not AI driven? I don't think that the sportsbooks have such tracking system in hand.

Is sports betting really becoming more mainstream? I thought that sports betting already has been quite popular and that even 50 years ago, people where happily betting on all types of different sports. Horse betting is one of those things that I have seen countless times in old movies, but in my country there it's not common anymore. We rarely have any horses here and having a huge arena only for horses running seems not really practical anymore in today's world. In my country the most common sport people are betting on is Football and Tennis. It's great if betting becomes more popular and attracts more people, because the more sport types can be offered and less popular matches will be possible to bet on. A big part of the wider acceptance of sports betting we can see in the advertising of the big sportsbooks. Many of the big teams have the name of casinos or bookmakers on their tricots and with so many games being shown on TV these days, millions of people are seeing them. The reach for companies to advertise via sports increase a lot over the last few years and it’s good that gambling companies can take advantage of it.

AI or no AI the result will be similar, humans created something that is more smarter than them? How?  ;D I believe AI can only be use to help so paper work in any casinos, it's programmed to get things down faster and more accurately but what will be the benefits of gamblers using AI? You will lose less? You will still lose tons of money if you are not using your head and oy following your mind.

How advanced the gambling space could be it has nothing to do with your winning chance, this is why I care less about web 3 claimed online casinos, I don't see any reason to leave behind web 2 gambling games for web 3, I ain't going to win more if I move to web 3.

As a gambler, do not depend on AI, be a responsible gambler, that's the main goal and accept what comes after this the way it is, do not chase losses and only use the amount you can afford to lose.

That's because your chances of winning depend on your luck. And it will be difficult because we don't know when our luck will come. And if AI is also implemented or used by gamblers, gamblers also cannot predict whether, by using or not using AI, they will be luckier. I don't think so because luck can't always appear when we are gambling. And only people who deserve good luck can get it.

As gamblers, we must be responsible gamblers with or using AI and not chasing losses. And the important thing is that we don't break the rules of the casino, especially if the casino prohibits its users from using AI. It will have an impact on our gambling account.

Well, that decentralization is in Bitcoin and not in casinos or sports betting platforms because almost all the trusted and popular casinos and sportsbooks are centralized which means even if you are depositing and betting with Bitcoins, you are not really gambling in a decentralized manner. The use of blockchain technology in making sports betting decentralized can only be achieved by utilizing web3 but we can barely find any trusted platforms with that.

So although blockchain technology has provided us with great advantages by providing us ways to deposit and withdraw money into casinos and sportsbooks without involving any third-party, I believe we are yet to actually achieve decentralized gambling without the fear of getting scammed.

Since it is too early there is no perfect system is there so the gambling sites too have to find the procedure to differentiate which bets are made with the AI and real human which is more complex than we thought but it is really bad for both the ends so the best way is to restrict the users who uses AI to bet and also the site should adapt to AI based scrutiny which may ease up this process.

Casinos may not have to develop such a system and they could use what they have already, after all most gamblers concentrate on their favorite leagues as a way to increase their chances of winning due to the knowledge they have about it, but an expert sport bettor may bet on many different leagues always taking the best lines, so casinos can see that they are a professional and limit their accounts, the same tactic will work against an AI, and since the person behind the AI has to be the one registering an account then this will effectively ban that AI from the casino in question.

Well I doubt that people will be giving up on sports betting, but rather they will be giving up on trying to find a tool or a way to analyse the outcome of their sports bets. Right now technology is still not at the point where anyone can make accurate predictions on which team or player will win and not even Artificial Intelligence has the power to do that. But yes, the more technology advances, the more people will give up on sports predictions. At some point we probably will have a public AI tool that plainly shows its prediction to the public and everyone will go with that.

This is a big challenge for any industry to identify the difference between AI vs normal and with sportsbetting, there's no way yet to identify this one or maybe they are still safe from AI predictions as this is sports and we know that anything can happen in sports. I'm sure there are gamblers now who are using AI for their betting strategy as it provides a concrete history of data. Casinos for sure is already working for a system that can identity gamblers who are using AI, this is not illegal though but they still need to regulate it.

Technology has contributed for raising sports betting popularity, accessibility and adoption by a wide range of ages among the gambling public. Now we have gamblers from every ages and from every countries (including the ones where is forbidden) betting in a frequent basis thanks to the technological improvements and innovations which happened or evolved during the last decade.

These changes have their pros and cons and society is still learning how to deal with these drastic changes without taking drastic measures, such as the complete censorship against gambling practice and its enthusiasts.

I believe technology is unstoppable and gambling is unstoppable. The surest thing is that they are part of future, becoming more and more common in our daily routine. I say that due to the direct or indirect interactions we are having with gambling nowadays, even if you aren't a gambler or if you don't like gambling.

It is very important to catch up the trend so if casinos settled for what they already have as security system then their system maybe out performed by AI in the next few years this not only applies to casinos its just same to every website and who understand the cyber security may get the point more clearly than an average joe.

Technology is changing sports itself, it would be naive to think it wouldn't change sports betting as well. Sports players end up being much better than the ones we had 10-20-30 years ago and more, new generations are amazing and rules change just because of them.

Think about it, pick any sport you want, pick something like NBA for example, Westbrook is an MVP and all but plays for bare minimum right now, and if you put his current self, not the 2016 or so great self, him in his today shape, back into 70's, that dude would be breaking records after records and getting like 10 rings in a row. Think about someone even better, like Lebron James, back in 80's, that dude would slap Bird and Magic together all by himself. We are talking about sports growing and getting better, not just talent.

The ease of access is one of the main factors that has made the online gambling industry grow so rapidly within the last few years. The global online gambling size is currently over $70b and is expected to grow to over $120b by 2028 which is huge. We all know as we have seen that online casinos were never as popular as they are today, and that was not so far back but just before the pandemic and covid-19 caught the world by surprise.

A lot of people who used to go to land-based casinos before the pandemic switched to online platforms when land-based casinos were closed down during the pandemic and those people are now sticking to their latter choice of online platforms instead of going back to land-based casinos and it is only because of the ease these platforms provide.

How has technology impacted gambling? I was just thinking that technology was making our toast crispier. Listen, people need to understand that the world is not a nursery facility. Everybody makes decisions. Some people decide not to gamble, while others do. Who gives a damn?

It's their issue if some nations can't bear the pressure and want to hide behind their "forbidden" designations. Are we really going to shed tears for every individual who succumbs to the siren call of internet gambling? Let's be brutally honest: the strong will succeed while the weak will perish. That is life, that is business, and that is nature

Yes.. it's true that gambling is a choice but when we have decided to play gambling it will be difficult to get out of this activity. many of them plunge into gambling but they are unable to control gambling activities which make them complacent and lose everything.

Online gambling is very accessible to all people and many people are caught up in it. This convenience is a warning for all of us to always pay attention to the activities of those closest to us, especially our children, so that they don't get involved in gambling at an early age and are unable to control themselves. So parental assistance is needed until they are mature enough to determine what is best for them.

If no one can testify that it's working, then I don't believe a particular AI will increase our chances of winning in gambling. I'm actually quite interested in sports betting AI, but I don't think it could effectively work considering games occur on a daily basis. Knowing AI, I don't think they are that up-to-date. What are the sources of information? I'm sure they're on the web, but in gambling, there's unwritten information that's crucial for our analysis. That alone would already make an AI less effective.

I don't see that it will help us increase a chance of winning but it will make betting easier. That should classify and differentiate it from what people are thinking of exaggerating the effect of AI in sports betting.

Maybe it's still unclear for now but sooner or later, we shall see people that are managing to get their hands on it and keeps on using it.

And that all means that it's been effective to them. But as of this time, I can say that there's no need for its application and the current tech is more than enough. It doesn't mean that I'm not open to changes and adaptation.

If they develop an application specifically for sports bettors, there's a chance that we will have updated information. The developers are aware of how significant their market is, as gamblers who are risking a substantial amount of money will not hesitate to buy subscriptions, as it would make their job easier. However, I don't think it will disrupt the sports betting industry. Instead, I see a positive impact on the industry, as more people will become interested in sports betting, leading to increased profitability on their side.

The summary of the replies on the topic of Technology and sports betting is that in as much as we know the potential of AI to gambling as most users have said, it just cannot replace or guarantee a 100% success. If gamblers are using AI to make predictions, I feel that the sports betting companies will also use AI to detect non-human bets or predictions. I don't know if this tech exists already, I just know that it is going to happen just as we have AI's that detect human and non-human writings. We would see it, sooner than later.

This is a major difference as some of the places have gambling termed illegal and it was difficult to proceed with the transactions directly, you need to hop between couple of online payment processors and that takes transaction charges and with the introduction of cryptocurrency based gambling, it is a lot easier.

AI can help in determining the best odds but it will help the odds makers to rectify their errors as well. It is impossible to predict the outcome of sporting events all the time.
 

artificial intelligence can sometime accurately predict sports betting, but sometimes the predictions are wrong because AI is made from human expertise, so it can not be as perfect as we want, although the hope that AI gambler can provide accurate predictions on sports betting is a little very difficult because the overall data used by AI still mixed from past data so its a little less precise for me. but if using AI to predict only to consider our own predictions it does not matter the most important thing is to keep prioritizing the predictions that we analyze ourselves rather than choosing predictions from AI that are not necessarily accurate.
TBH, Im also little curious how AI works to predict sportsbetting but to this day Im still a little hesitant to use it as guide for placing bets.

This sounds more like a promotional post where you are trying to promote a "coin" along with your site I guess. Anyway, using bitcoin doesn't mean you are doing "decentralized" gambling. You are using a centralized platform to gamble, which most likely has all your information and can confiscate/scam you anytime you want and you won't be able to do anything.
I doubt you can use AI to predict your bets accurately. AI's can't predict the future. They can give you probabilities based on past data (which people already do. How do you think we get the odds?), but they can never help you guarantee a win.

I personally feel "Blockchain" technology have not been incorporated enough into the gambling industry. I think SatoshiDice was the last big attempt at that..and it failed. Yes, it might have been the buzzword that has been thrown around by the industry as a marketing tool to create a hype for them being on the cutting edge of new technology, but they mostly just added some new Alt coins or NFT to their payment options.  ::)

My idea of "Blockchain" technology implementation is something that are "running" bets on the actual "Blockchain" or even better yet, something running on a side-chain that are linked to the Bitcoin Blockchain to reduce transaction congestion.  ::)

Yeah, I guess that's how they will capitalize on and that's through subscription. But the features should be unique and haven't seen yet from the typical features that we've got from the casinos.

Maybe on that side as it will make betting more interesting if they add up some newer tech that hasn't been seen yet before.

And as for more people coming in, I think that it's just all about the casual reasons why there have been gamblers and that's all about having fun.

AI existence in gambling have really aides in the easy movement of games. It affects and works for good for those of us that's not ignorant and ready to accept new adaptation. Changes are constructed in betting, which corresponds to the outcome we should expect from the system. Technology is rapidly developing particularly exerts an advantageous effect on sports betting. It is apparent how gamblers can have online access to betting without leaving their residences. Betting conveniently from the comfort of your own home, it is imperative that we understand the fundamentals of gambling

Nahh if we say sports betting then there's no accurate technique which is still the sports betting is unpredictable especially in boxing which is pretty good if we bet in boxing because once a 2 star fighter will matchup then it's hard to choose cause they have the skills and technique to counter each other as long as once a known champion fighting with an unknown challenger then for sure there are high percentage of winning if we put our bet to the champ.

The casino platform will certainly be one step ahead, because after all they are a business and they have networks and resources that they can use to be able to make their business more profitable and minimize users to be able to increase their profits. They will definitely do anything to keep them from losing money and maybe they will do dirty things, if that's necessary, because that's not something new in the casino industry.

But we may not be able to see AI applications like we want because the developers are still carrying out the development. And until it can be officially launched, we can see what it looks like and how it works. But in our dreams, the use of AI looks like we are giving orders to AI to find data about matches that are about to start, and AI, which with its ability to collect data faster than us and come from valid sources, it can give us more data that we can use to choose a team that has a chance to win. But until then, we can only be patient and wait for the results while keeping abreast of the latest developments from each developer.

Unfortunately for people that vision may never become a reality, an AI is a self-improving algorithm, but it still needs to rely on human inputs in order to learn, unless you could build that module on your own with your coding skills and then feed that information to the AI, so as you can see the development of a AI is still a very complex matter that only a handful of people can manage, and as such it is possible this technology will never be available to the general public.

I agree with what they say, besides that this AI thing is becoming fashionable, I don't even want to think when quantum computers come out, how many speculations will not come out of that alone, so that's an idea of all things possible that are to come, we are clear that when it comes to the chances of winning at a casino, things come out like the AI, and that it can beat anything, if it can be, but not for now, they are in very beta versions and a lot of work , in fact some Information is extracted from the web and I don't know how they do it to verify the sources and that reliable sources take it without error, I think that for that a lot of development is needed, apart from we cannot deny that this type of robots they learn very quickly, and that only with the information from the very beginning of their days if they have it, then what these robots do that with all that information, obviously it is easier to predict what the result of a sporting event might be like , even more so if the The Robot has fully defined and well optimized its memories in terms of the pure and simple algorithm of information, so by means of probability I was able to extract the information and make a respectable prediction, in addition to the fact that each robot can extract information from each player or each athlete of the sport and have a speed appraisal of them.

Everything is possible as long as things like these Robots and their development is eventually very complete, as the robots advance they have their training and that training is in a short time and the more they do it, the more expert the robot is , which means that As long as he makes good Progress he will be almost a prodigy, this is the only thing a robot can take us Ahead of.

Now, with all the Cool tools of a robot, including all kinds of Mathematical modeling and the perfect use of forecasts, statistics and having more tools that are in the forums, public opinions of fabulous people , things can change for the better and be a little more Accurate in the Predictions.

I wonder if such technology has been found, especially if we look at how AI has developed so far. It may take a few more moments to see how AI can help us find what we want without giving us more information. There will come a time when AI will evolve to be better because humans will never be satisfied in achieving something and will set higher achievement targets than before. So technological developments will make things even better than before in many areas, including gambling.

Already AI has started accurately predict the share market with the inputs from Trading view. I won't be able to exactly post here a source to my reply but if you do a normal Google search you would find various claims related to it. AI is not evolving it has already evolved and it is just getting better day by day. I once asked it about few matches and it was able to predict it based on the data available on the internet which for me was quite cool. As it did 80 percent of my job without I doing anything. The outcomes were not as great as I expected still it was satisfactory for me. My understanding about AI is that it is a threat which we won't understand today but in the future we will. Give it a year or two and you would find it doing everything which we cannot expect as of now.

At least we'll see it in the near future as AI development is accelerating. I haven't done the usual google search, but perhaps I'll try to see the results later. And if it's good, it could give newbies hope they can learn to use it to their advantage. And if AI can provide predictions based on data available on the internet, that will help bettors to get the data faster than usual. I also feel that AI is a threat in the future, but it depends on humans to keep control over AI so that it does not become a threat but as something that can help people's daily activities.

the last time I made my post on this subject I spoke about something similar that I will talk about today, in the last few days I have seen many people talking a lot about the great revolution that AI is bringing, even here in the forum I have already seen some threads talking about the possibility of AI to predict the results of games, although it would be tempting just to imagine this possibility because it would make everyone earn a lot of money with the predictions made by the AI, that's why I ask: if one day there was an AI capable of predicting the result of any game, so would any bookmaker exist? probably wouldn't exist because everyone would make money because they would get all the predictions right and I also wonder how the teams would have the courage to go play

being that the AI would predict the result even before the teams play? so when you look at that side you realize that AI does not have and will not have the power to see the future, the predictions made by AI if there is in the future something capable of making predictions of sports games then this one is going to make a lot of mistakes and will have some successes, You won't always be able to get hits, so it won't be much better than people like some wanting to force appear. so I don't see why some people keep talking about AI as if it were something that would revolutionize the world of sports betting or casinos, especially in this part of game prediction

as if it weren't enough that they're giving a lot of importance to something that doesn't even exist yet, I'm talking about AI capable of predicting the results of games accurately without making mistakes, now they're also adding bitcoin to that list of technologies that have changed sports betting, it's true that thanks to bitcoin we have sports betting and cryptocurrency casinos, but even so I see some exaggeration

AI may be good in prediction but it is based on previous history of the game, and so saying it can accurately predict results is just an exaggeration. they may not consider other factors that can affect the actual game such as sudden change of game tactics by the coach, different lineup, change of weather, unknown injuries and so on. so i won't say, AI can precisely know the outcome of every game because there are blind factors in here.
and do take note, that before AI can truly be exploited in the world of sportsbetting, these bookies already did their due diligence not to get bankrupt by the possible influence of AI in this business.

I don't fully concur with this statement. In my opinion, AI excels at providing information, but when it comes to prediction, its function is based solely on algorithms to offer insights. Even if individuals possess the same comprehension of the information, they might arrive at different predictions. AI lacks the capability to experience emotions or feelings, which makes it unreliable for predicting the inherently unpredictable outcomes of a game.

I think what he meant is just the numbers, the previous history of the game, the scores or results. And maybe through that, AI can generate a prediction without the aid of emotions and that is the big difference between us and this Ai.
Maybe for AI if they look at the historical logs and see that this team is always losing, then it will just continue with the trend and says that it's going to lose next game.
But for us, there could be some upsets in the making, that AI can't see. Like players getting injured before or even during the game that can change the complexion and those underdogs become the favorite now because of such unfortunate cases.

I agree with you; there's no problem with accessing the results or the history, as all of that is recorded on the internet or whatever website serves as a source. However, using that information to generate predictions might be beyond the capabilities of an AI. I'm not entirely sure, but I would appreciate it if @AmoreJaz could provide some screenshots of AI-generated predictions to clarify this point.

If it has you can bet that it is a heavily guarded secret, AI algorithms by themselves are no secret as you can find them in any book about the topic in almost any computer language that exist, however the specific settings that make an AI work may not be available as this is information people keep close to their chests in order to keep an advantage over their competitors, however even if at some point creating your own AI was as simple as just pushing a button, you can sure the most powerful AIs will still need some kind of human input in order to increase their performance.