Simulation/Machine Learning Effects on Gambling

[GreatArkansas]

I am a little bit curious about this because  my boss just told me last week that on their country, they have tools maybe software that predicts or simulate the horse racing game (not sure if this is an A.I.).
He said most of the people using that kind of tool/servce are winning a huge profits.
This thing is just like, you don't need to analyze or think anymore, you will just place your bet.

Here's the questions,
Is this really possible on gambling(any form)?
It is not illegal?

[1715509659]

1715509659

[maydna]

I am a little bit curious about this because  my boss just told me last week that on their country, they have tools maybe software that predicts or simulate the horse racing game (not sure if this is an A.I.).
He said most of the people using that kind of tool/servce are winning a huge profits.
This thing is just like, you don't need to analyze or think anymore, you will just place your bet.

Here's the questions,
Is this really possible on gambling(any form)?
It is not illegal?

I guess that is something similar to A.I or it is A.I. I am not sure if the software can predict 100% of winning on the horse racing game because the horse is an animal that is alive. I wonder how the software collected the data because we don't know if that horse can win or not. But if there is a detector which is installed in the horse body so we can detect some information, then I think that it could be possible to know which horse will win. But that is impossible to do that as we cannot applying to all horses.

For illegal or not, I don't know, but perhaps, in the beginning, using that software will no problem, but then if most gamblers use that software and they can win, I guess that using the software will be prohibited.

[bering]

Basically i don't believe prediction for gambling results from particular games because eventually all of gambling results is in our hands which mean depend on our luck and if those simulation machine always be correct to predict upcoming winner i think possible there was people who manipulated the race results so this will be no legal but if those machine only can predict at least 50% the correct results or less from every race then possibly it is valid machines because maybe the machine only to used to analyzed for each races

[Wexnident]

It's possible or can be used, and yes it can be called illegal. Even though it doesn't have a 100% accuracy, it still helps the user calculate the best odds possible. Humans can't compute thousands of calculations in a moment, but machines can. Through rigorous process of countless of analysis and repetitive data gathering, AI's could potentially get the right answer in a short amount of time, the right answer with the highest amount of chance of winning anyway. This already surpasses the bounds of what a User COULD do as a gambler, and really, defeats the fun in gambling.

[Mometaskers]

I don't know it this counts as AI but there was one guy that actually used a program on the Hong Kong horse racing scene and made plenty of money accurately predicting the outcomes. To be fair he spent years doing research to perfect his algorithm so I think he deserve to profit from it.

There are also already software that can recognize card hands and compute for the best action based on the probability of cards coming up from the deck. Have that on a smart glass and you pretty much improve your chance of winning.

You can look up the videos on Youtube, that's where I found these. I think online gamblers can benefit the most from AI, at least the one involving card games. There's no one monitoring that will kick them out if they suspected counting cards.

It's possible or can be used, and yes it can be called illegal. Even though it doesn't have a 100% accuracy, it still helps the user calculate the best odds possible. Humans can't compute thousands of calculations in a moment, but machines can. Through rigorous process of countless of analysis and repetitive data gathering, AI's could potentially get the right answer in a short amount of time, the right answer with the highest amount of chance of winning anyway. This already surpasses the bounds of what a User COULD do as a gambler, and really, defeats the fun in gambling.

There are people who only care about winning and you'd end up losing to those since they'd have no qualms using these methods.

[Ucy]

I am a little bit curious about this because  my boss just told me last week that on their country, they have tools maybe software that predicts or simulate the horse racing game (not sure if this is an A.I.).
He said most of the people using that kind of tool/servce are winning a huge profits.
This thing is just like, you don't need to analyze or think anymore, you will just place your bet.

Here's the questions,
Is this really possible on gambling(any form)?
It is not illegal?

I wouldn't be surprised if services like that exist but I doubt they will be very accurate.  And I guess this would be expensive to run, depending on how accurate it is. Such software/AI will likely be continously fed lots of quality data to be able to make good predictions.

Making good prediction doesn't sound illegal to me.

[youdacapt]

It's possible or can be used, and yes it can be called illegal. Even though it doesn't have a 100% accuracy, it still helps the user calculate the best odds possible. Humans can't compute thousands of calculations in a moment, but machines can. Through rigorous process of countless of analysis and repetitive data gathering, AI's could potentially get the right answer in a short amount of time, the right answer with the highest amount of chance of winning anyway. This already surpasses the bounds of what a User COULD do as a gambler, and really, defeats the fun in gambling.

I haven't found a precise comparison bot from AI software like this. It will not be completely illegal because it moves as a prediction tool by validating many factors in updates during and before the match. regardless of its accuracy, it will still depend also on the situation that occurs in the racetrack. The pleasure of gamblers is when they know how to win and then risk their big money.

[aioc]

I am a little bit curious about this because  my boss just told me last week that on their country, they have tools maybe software that predicts or simulate the horse racing game (not sure if this is an A.I.).
He said most of the people using that kind of tool/servce are winning a huge profits.
This thing is just like, you don't need to analyze or think anymore, you will just place your bet.

Here's the questions,
Is this really possible on gambling(any form)?
It is not illegal?

There's a possibility that they can control it, anything that uses software can be manipulated, they are being run by a programmer, things are still very different from a real horse racing because so many factors are on the line, like breading, experience and condition of the horses, I prefer to be in a real horses.

[JohnBitCo]

I am a little bit curious about this because  my boss just told me last week that on their country, they have tools maybe software that predicts or simulate the horse racing game (not sure if this is an A.I.).
He said most of the people using that kind of tool/servce are winning a huge profits.
This thing is just like, you don't need to analyze or think anymore, you will just place your bet.

Here's the questions,
Is this really possible on gambling(any form)?
It is not illegal?

Its impossible to predict sport betting on the basis of AI. What Artificial intelligent can do best in this scenario is that it can analysis all the previous results and suggest possible winner of the horse race. But in the actual race the horse which has the best average of winning may not be able to win this time. AI only works well there where the patterns repeat itself and this is not the correct use of AI here on the horse betting.

[sheenshane]

Maybe it will be manipulated by machine or AI as what you've said but if this kind of gambling based on their system, you can bypass what algorithm they had been used but only in a short period of time. When it comes, sports betting that every match was made on real people I think it is hard to manipulate or used the machine because the outcome of every matched is unpredictable.

It is not illegal?

Yes, that is logically and definitely illegal.

[Nadziratel]

I am a little bit curious about this because  my boss just told me last week that on their country, they have tools maybe software that predicts or simulate the horse racing game (not sure if this is an A.I.).

Aside from all other issues, including being illegal, how can a machine or program provide reliable data on horse racing? These races are organic races. So there are many factors involved, including the instant condition of horses. It seems not possible to me.

[GreatArkansas]

(..)

Aside from all other issues, including being illegal, how can a machine or program provide reliable data on horse racing? These races are organic races. So there are many factors involved, including the instant condition of horses. It seems not possible to me.

Hmmm, nice question. That's also sum up, maybe there are public data available, like previous games stats and they gathered those data and analyze, then use it in the future games.
As others said above, it's not accurate and not 100% sure, so probably they have some model analyzing that could be probably huge data.
After reading some of the posts above, hell yeah! I thought it is not true that they are making huge money on it. But it is illegal and for sure, there are still some people who operate it secretly.

[jakelyson]

I am a little bit curious about this because  my boss just told me last week that on their country, they have tools maybe software that predicts or simulate the horse racing game (not sure if this is an A.I.).

Aside from all other issues, including being illegal, how can a machine or program provide reliable data on horse racing? These races are organic races. So there are many factors involved, including the instant condition of horses. It seems not possible to me.

It could be if there is data for the history of the horses' races and their stats. Just like how stats are used in sports betting. But this is not a 100% prediction since there are factors that can affect the winnability of each horse during the race itself.

[panganib999]

Yes its illegal. That's it. Simulation Machines are capable of analysis of millions to billions of data. Analysis of the most probable result of a horse race game is as easy as pie to it, although it doesn't necessarily give the gambler a 100% winrate, it gives him/her an edge against other gamblers, which ruins the fun of the game, so yea it's definitely illegal. Plus, it infringes on the idea of gambling casinos with their provably fair games, so it isn't looked down upon, but its frowned upon.

[milewilda]

A very long read which do connects for this topic: https://towardsdatascience.com/applying-ai-to-horse-racing-e3632a7e7c92

For my opinion in regards to this one then i can say that AI can be applied but only to that extent when it comes to stat information gathering and other related field
but totally predicting on whose gonna win on a particular race? Its hard to believe on.

[crwth]

It's just like any other technical analysis gambler where you would see data and formulate the right decision based on the results you are viewing. I don't think it's going to be illegal because it's based on data available to your use. It's not going to be harmful to take advantage of a tool, but for sure, it's not 100% accuracy. There's nothing in this world that is perfect.

That tool is excellent for busy people and who could afford that service. Mostly, people who have that capacity tend to win a lot because they already have a lot. It's a tool to have an advantage, but it doesn't mean it's a sure thing already.

[Golftech]

A very long read which do connects for this topic: https://towardsdatascience.com/applying-ai-to-horse-racing-e3632a7e7c92

For my opinion in regards to this one then i can say that AI can be applied but only to that extent when it comes to stat information gathering and other related field
but totally predicting on whose gonna win on a particular race? Its hard to believe on.

AI have that capabilities, one of this advantage is the system is able to analyze different information about the condition and stats of the horse according to the database where programmer coded for the system. Not accurately but it is possible for the system to gather deeper information so before it will figured out where to place  a bet, it's done analyzing everything that can help to enhance the chance of winning.

[Eclipse26]

I don't know either whether to believe it or not since even though they have a sort of software to predicts who'll win. How come? Horse isn't a part of AI that can be controlled nor manipulated by others. It's the jockey who controls its own horse during the race. Idk if they could actually predict the result. But I know a lot of people around me who are a fan of horse racing yet I haven't heard such thing from them. But if that's true, definitely that kind of software isn't appropriate on a game. Even if it's legal, it's still inappropriate and unfair for other people.

[TalkStar]

Here's the questions,
Is this really possible on gambling(any form)?
It is not illegal?

I don't think its gonna be a wise decision to depend on prediction for gambling. As you have mentioned that your boss told you that they use an prediction tool for horse racing where i think that's probably not a tool only. Maybe some experts work behind them who have vast knowledge and updated information about horse breed and their past racing records. Horse racing is one of the popular option for offline gamblers and i don't think they will put their money based on a tool based prediction.

When its a matter of legal or illegal i think it depends on different countries laws and regulations. Although gambling is legal in many countries but still there is lots of countries who don't support gambling. So if a country government have no issues with gambling then its gamblers own choice to use any kinda service for getting profits IMO.

[iamsheikhadil]

I don't think it is illegal but this practice may not be profitable for many because the simulations don't consider mitigating factors which might play hugely to impact the outcome of a game. But for sports betting and racing games, this can be useful specially when two very strong teams compete where mitigating factors can't be determined using any odds.