Simulation/Machine Learning Effects on Gambling

[MyIdeas]

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?

Recently I read about that in an article but at that instant I felt doubt that this will not be fair like other games so I not gave attention to that betting and did any further research about that. It is either not a legal or fair game or I do not know about that game and feeling it a tricky game in which if I entered then I will not win.

[maydna]

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.

We don't know if that can be profitable for us or not because we are not yet trying the software. If they can ask us to try or test the software, then we will know if the software can help us to win or not. Perhaps, we can ask people who try that software, so we know if the software is good or not. It is difficult to know if that software can get the details of every horse since the situation in the Sportsbet will always change. Perhaps, in the future, when the A.I has to grow than now, we will see software that can detect which team that can win.

[Assface16678]

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.

We don't know if that can be profitable for us or not because we are not yet trying the software. If they can ask us to try or test the software, then we will know if the software can help us to win or not. Perhaps, we can ask people who try that software, so we know if the software is good or not. It is difficult to know if that software can get the details of every horse since the situation in the Sportsbet will always change. Perhaps, in the future, when the A.I has to grow than now, we will see software that can detect which team that can win.

Today with the world of gambling many people are struggling about their wage and trust on their bets, even you are a skilled gambler and take a lot of experience in your whole career it is not enough to win against another player that is good in gambling too. With the world of good technology and innovation, it is not impossible if there is a created an Artificial Intelligence (AI) that supports gambling. It tells a prediction where is the right side to bet and where is the best way to save your money. It depends on the creator or the developer how they manage the algorithm of the AI; it is efficient if the programmed inputted is consist of all possible data that can be used to win the game.

[Darker45]

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?

For sure, there is still an A.I. involved in that tool. The analysis and the simulation are done with the help of an A.I. The simulation may not turn out to be perfect but it is at least based on actual figures including statistics of their previous performances. More or less, they will be showing a reliable result. Not accurate of course but there is high probability that the result will be almost the same as the actual race provided the numbers being fed are accurate and comprehensive enough.

I think this is not illegal. This is not rigging, after all. This is analyzing using a certain tool. A.I. analysis is of course more accurate and has the capacity to process more details than human manual analysis.

[TheUltraElite]

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.).

Just think of it this way, if it was possible to get huge profits by simulating the horse race getting to know the outcome before the race happens, do you keep that a secret for long? Everyone in the world would know about it and they would talk about it, thus making it a very popular "bot" (!) But that did not happen.

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.

So obviously this "boss" of yours is a con-man attempting to scam you. It like saying "hey, I got a fullproof method to win" - always a scam. It is a casino game which depends on a lot of factors and often matches are fixed. You cant expect to simulate every factor to get a win, because the outcomes will vary a lot too. You may think about a weighted average but still its not a method to win every game.

[swogerino]

I think using Artificial Intelligence to better analyze things and events like horse gambling should not be illegal but this changes from country to country.If it were legal and if this thing did really work I would be surprised that no gambling company knows nothing about it,I don’t think it works because companies like Nvidia who have spent many years researching AI have not been that successful yet with it.

[mu_enrico]

I'm skeptical about this A.I or simulation for predicting events that contain some amount of unknowns/surprises. I remember doing a lot of simulation as the basis of my prediction in football, with FIFA and FM games. Even if I managed to match the tactics and players, the results were not that great. No one knows whether some players will get a red card or will make some mistakes (still crying from last night EPL games).

That logic also applied to horse races. No one knows whether Horse A will get some dirt thrown to its eyes, or slips in the last moment.

[GSpgh]

Yes, that is logically and definitely illegal.

Why would it be illegal? If it's based on public information (sports stats for example) you can't control what people do with that information. That would be like saying that being smart and betting on a stronger horse/athlete/team is illegal. It's up to bookmakers to set the odds in a way that people can't abuse. Maybe bookmakers should use AI too.

[Golftech]

Yes, that is logically and definitely illegal.

Why would it be illegal? If it's based on public information (sports stats for example) you can't control what people do with that information. That would be like saying that being smart and betting on a stronger horse/athlete/team is illegal. It's up to bookmakers to set the odds in a way that people can't abuse. Maybe bookmakers should use AI too.

For sure bookmakers will use it if the service is already available, if there's such AI where gamblers can use and  analyze the possibilities, it surely will not pass with the  bookmakers knowledge. Keep in mind that this is a business that they are running so if there's something that can be use against them sooner or later they will find it out and use the same strategy to trapped the gamblers. Again, if such system exist it will not take that long for the bookmakers to learned about it and analyze to adjust with their system.

[AliMan]

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.

We don't know if that can be profitable for us or not because we are not yet trying the software. If they can ask us to try or test the software, then we will know if the software can help us to win or not. Perhaps, we can ask people who try that software, so we know if the software is good or not. It is difficult to know if that software can get the details of every horse since the situation in the Sportsbet will always change. Perhaps, in the future, when the A.I has to grow than now, we will see software that can detect which team that can win.

What I see on this matter of perspective here, is that they're making the trial software mote attracting for any potential customers who easily be the prey kf their strategies. Of course it has an idea that more probability on a free trial apps would gain more appreciation due to high winning proofs which can't sustain in the future game implementation. That's always reality over expectations.

[acroman08]

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

No, unlike any other sports gambling game horse racing has very basic information to analyze and can be simulated very quickly and have a result in a very short time. but in case of other sports gambling like football, basketball etc. there are too many variables to consider and it would take a long time to simulate every player of the game.

[smyslov]

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?

Sounds interesting, it's hard to predict that using a software, because each horse in a given race is very much different from one race or when they are racing on different tracks, there are so many factors involved, I don't think they can simulate and predict a winner in a real horse racing, it's better if you can give us an article about that AI horse racing simulation.

[carlfebz2]

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

No, unlike any other sports gambling game horse racing has very basic information to analyze and can be simulated very quickly and have a result in a very short time. but in case of other sports gambling like football, basketball etc. there are too many variables to consider and it would take a long time to simulate every player of the game.

When it comes to number of variable on where you do need to study and analyze on then i do agree with this point yet in horseracing you are
just dealing a horse and with its stats but the thing here is you would need to choose up lots of numbers yet you cant easily decide if both
horses are almost identical on record.So it will still vary sometimes into your intuition or guts.About AI, it isnt really that illegal yet as said by other
it do only collects and analyzes horses stats nothingless.

[imstillthebest]

if its a software based gambling yes i think that was possible to manipulate or hack the system but if its offline horse racing game i think its easy though it also think that its possible to manipulate the results  .

this was considered illegal because it was not fair to others that bet fairly  . the effect on it on gambling is quite huge because people that gambling always think of this things when they are starting to loose for a longer period of time  .

[Zicadis]

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?

First of all, that too me sounds like you're reading too seriously into what you're hearing and there's one piece of advice I'd be happy to give you: don't believe everything you hear even if it is from people with more social authority than you. Second of all, that description is far from being entirely true and it sounds to me that that's just a bot...

[maydna]

~snip~

~snip~

Today with the world of gambling many people are struggling about their wage and trust on their bets, even you are a skilled gambler and take a lot of experience in your whole career it is not enough to win against another player that is good in gambling too. With the world of good technology and innovation, it is not impossible if there is a created an Artificial Intelligence (AI) that supports gambling. It tells a prediction where is the right side to bet and where is the best way to save your money. It depends on the creator or the developer how they manage the algorithm of the AI; it is efficient if the programmed inputted is consist of all possible data that can be used to win the game.

I believe that will comes to us a new era in which A.I can help the most thing in our life, and we can do another thing that still looks "traditional," including the A.I for gambling. It will help a gambler to predict or make a strategy for playing gambling with the help of A.I, and perhaps, what we already have seen now, is the first model of A.I, and that will develop and grow in the future. The A.I itself was created for helping our life so we can simplify the life itself, and I guess that we can see modern life in the future.

~snip~

~snip~

What I see on this matter of perspective here, is that they're making the trial software mote attracting for any potential customers who easily be the prey kf their strategies. Of course it has an idea that more probability on a free trial apps would gain more appreciation due to high winning proofs which can't sustain in the future game implementation. That's always reality over expectations.

I think I already have seen similar experience in another work. When I work as a blogger, I see many developers help automatic software that can help a blogger to make an article, search the material to write or the trend, and even the software can help to build a link to that blog. The developers need people to test their software, and the developers give reward to people who helps them to make better software. We are going to see a growing technology and a new era in which we are transforming our life from the traditional into digital.

[GreatArkansas]

I think I already have seen similar experience in another work. When I work as a blogger, I see many developers help automatic software that can help a blogger to make an article, search the material to write or the trend, and even the software can help to build a link to that blog. The developers need people to test their software, and the developers give reward to people who helps them to make better software. We are going to see a growing technology and a new era in which we are transforming our life from the traditional into digital.

This is quite alarming, especially in the gambling field because what if someday those kinds of software especially artificial intelligence will take over? Then I think it's so difficult to make money because maybe some people will use it and make easy money.
But I think that will still impossible for this upcoming years, I don't think so.

[zhekinsp]

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 its not really possible to predict what will happen in the future (at least for now) so these are just a tool to analyse the results based on the ability of horse and jockey,maybe the prediction will similar to the results but not all the time so risking the money has the cost.

Maybe illegal to do this kind of stuffs because the ambling owners will go bankrupt if everyone starts using this tool.

[Maotezi]

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 think it is not a violation of the law, if a lot is programmed it is allowed, so i think it is not a violation.
And thus, it is legal, but of course from state to state.
I have heard about it, but contrary to your statement, I have heard that no one gets money, that is, it cannot be easily guessed.

But it sounds interesting if I have the chance I'll definitely try.

[maydna]

I think I already have seen similar experience in another work. When I work as a blogger, I see many developers help automatic software that can help a blogger to make an article, search the material to write or the trend, and even the software can help to build a link to that blog. The developers need people to test their software, and the developers give reward to people who helps them to make better software. We are going to see a growing technology and a new era in which we are transforming our life from the traditional into digital.

This is quite alarming, especially in the gambling field because what if someday those kinds of software especially artificial intelligence will take over? Then I think it's so difficult to make money because maybe some people will use it and make easy money.
But I think that will still impossible for this upcoming years, I don't think so.

Perhaps we will see the movie Irobot will come true in which artificial intelligence lives with us and that artificial intelligence will help our lives, or maybe they will take over what we did. Yes, I don't think either that artificial intelligence will be around with us for the short term because there is a lot of things that need to develop. Perhaps, we will see software like the OP said, and then the software will develop into many things. But I already know some institute build a robot that almost the same as human but that robot still have limited in help human.