[POLL] Using AI to predict outcomes

[nullama]

~snip~
Everyone keeps forgetting about house edge when they talk about this, and I agree that this would be the reason why they would not be managing an AI to gamble for you. You can max the capability of an AI and create the best one, but mathematically house will always win and there is no scenario, no AI, no human, no nothing that could beat a house with 1% edge (well 1% commonly but that changes based on games and casinos).

So all in all, we are not going to see an AI do better than humans do, that's just not going to happen. I hope that it will get better one day but I bet that it will not get any better and we are going to end up seeing AI fail to be better than humans. Worst part is some people will think AI will be better and test it and lose even more money than they would normally because they trusted it too much.

That's right.

Whatever algorithm, AI, or whatever is designed, the odds are always set by the casinos and always they will make it an advantage for them.

Also, it's by design, and they try to disguise it a lot, so that it "looks" or "feels" like there's no advantage to the casino, but make no mistake, there really is there an advantage to them.

[1714473034]

1714473034

[1714473034]

1714473034

[1714473034]

1714473034

[Fredomago]

~ If you are already done with doing your part and you see that AI is giving you a same advantages, possible that you will proceed and take that call and place your bet.

I think AI can be more accurate in predicting the outcomes of sport events than we humans. It just needs to take into account all the data that is relevant, and ignore misleading ones. It should be prompted properly, and for that you need some knowledge about sports betting. But then it will be very helpful. More helpful then our own analysis. I'm pretty sure pf it, and can't wait to start using an AI connected to the internet for predictions.

Using the data that are available I can agree to your statement that AI do have an advantage in analysing the possible outcome of the sport events, all the shared information will be sorted out to provide better analysis and with your knowledge about the game you'll be able to back up what AI are providing and decide on your next step after confirming it with your own analysis.

We need that confirmation form the external source. We are always like "am I right?", "am I wrong?", "what else didn't I took into account?". I'm positive that if AI will come up with the same conclusions about the outcomes, it is very likely that it will be just so. If it's a guy from your neighborhood, I wouldn't be so sure. Will AI eventually beat any human analyses? I don't know. But it will surely beat many of the so-called "experts".

With a good source of information I'm sure AI will beat them but in terms of emotions things that only human experts can play and weight the possibilities, there's something that still needed to consider unforeseen cases that might affect how AI will decide with their recommendations, the good thing here is you can use AI recommendation or you can go to the other-side.

Something that you'll going to be against the favorite, which is most of the time I believe that AI will provide after sorting all the available information around.

[stomachgrowls]

~snip~
Everyone keeps forgetting about house edge when they talk about this, and I agree that this would be the reason why they would not be managing an AI to gamble for you. You can max the capability of an AI and create the best one, but mathematically house will always win and there is no scenario, no AI, no human, no nothing that could beat a house with 1% edge (well 1% commonly but that changes based on games and casinos).

So all in all, we are not going to see an AI do better than humans do, that's just not going to happen. I hope that it will get better one day but I bet that it will not get any better and we are going to end up seeing AI fail to be better than humans. Worst part is some people will think AI will be better and test it and lose even more money than they would normally because they trusted it too much.

That's right.

Whatever algorithm, AI, or whatever is designed, the odds are always set by the casinos and always they will make it an advantage for them.

Also, it's by design, and they try to disguise it a lot, so that it "looks" or "feels" like there's no advantage to the casino, but make no mistake, there really is there an advantage to them.

For old timers then we do already accept that fact because we know that they wont really be building a business if they werent making any advantage against into its players which is something that understandable.

If there are things which would be putting their business into danger then we do really believe that they wont really be doing something in regarding to that? If AI would be the main enemy then they cant really just
let it to happen but in overall then its not something that cant be possible for AI to be relevant on knowing results and outcomes of a certain game.

We do know that no matter how AI would progressed or advanced then there's no way on predicting out things which would happen in the future.

[SirLancelot]

Everyone keeps forgetting about house edge when they talk about this, and I agree that this would be the reason why they would not be managing an AI to gamble for you. You can max the capability of an AI and create the best one, but mathematically house will always win and there is no scenario, no AI, no human, no nothing that could beat a house with 1% edge (well 1% commonly but that changes based on games and casinos).

So all in all, we are not going to see an AI do better than humans do, that's just not going to happen. I hope that it will get better one day but I bet that it will not get any better and we are going to end up seeing AI fail to be better than humans. Worst part is some people will think AI will be better and test it and lose even more money than they would normally because they trusted it too much.

I don't really understand why people are behind AI to be able to make them win when everyone clearly knows that gambling is not something that can be won if your luck is against you, an AI model can simply not be able to turn your losses into wins or your bad days into good ones since it isn't capable of doing that nor it's possible.

Gambling is about pure luck and nothing else can change that. Whether you ask the AI model to give you some strategy or make it predict the outcomes of a sports event, none of that is going to be accurate at all.

[len01]

Everyone keeps forgetting about house edge when they talk about this, and I agree that this would be the reason why they would not be managing an AI to gamble for you. You can max the capability of an AI and create the best one, but mathematically house will always win and there is no scenario, no AI, no human, no nothing that could beat a house with 1% edge (well 1% commonly but that changes based on games and casinos).

So all in all, we are not going to see an AI do better than humans do, that's just not going to happen. I hope that it will get better one day but I bet that it will not get any better and we are going to end up seeing AI fail to be better than humans. Worst part is some people will think AI will be better and test it and lose even more money than they would normally because they trusted it too much.

I don't really understand why people are behind AI to be able to make them win when everyone clearly knows that gambling is not something that can be won if your luck is against you, an AI model can simply not be able to turn your losses into wins or your bad days into good ones since it isn't capable of doing that nor it's possible.

Gambling is about pure luck and nothing else can change that. Whether you ask the AI model to give you some strategy or make it predict the outcomes of a sports event, none of that is going to be accurate at all.

gambling would be a profitable place if one could become a bookie rather than an AI.

even though AI cannot change someone's destiny from unlucky to more fortunate, AI is able to provide any search assistance we want regarding gambling. although AI cannot provide accurate information, AI is able to help consider the final results of our predictions.
there's nothing wrong with using AI to find information about sports betting.
maybe only sports betting at this time can be considered to get winning chances using AI predictions.

[slapper]

~snip~
Everyone keeps forgetting about house edge when they talk about this, and I agree that this would be the reason why they would not be managing an AI to gamble for you. You can max the capability of an AI and create the best one, but mathematically house will always win and there is no scenario, no AI, no human, no nothing that could beat a house with 1% edge (well 1% commonly but that changes based on games and casinos).

So all in all, we are not going to see an AI do better than humans do, that's just not going to happen. I hope that it will get better one day but I bet that it will not get any better and we are going to end up seeing AI fail to be better than humans. Worst part is some people will think AI will be better and test it and lose even more money than they would normally because they trusted it too much.

That's right.

Whatever algorithm, AI, or whatever is designed, the odds are always set by the casinos and always they will make it an advantage for them.

Also, it's by design, and they try to disguise it a lot, so that it "looks" or "feels" like there's no advantage to the casino, but make no mistake, there really is there an advantage to them.

For old timers then we do already accept that fact because we know that they wont really be building a business if they werent making any advantage against into its players which is something that understandable.

If there are things which would be putting their business into danger then we do really believe that they wont really be doing something in regarding to that? If AI would be the main enemy then they cant really just
let it to happen but in overall then its not something that cant be possible for AI to be relevant on knowing results and outcomes of a certain game.

We do know that no matter how AI would progressed or advanced then there's no way on predicting out things which would happen in the future.

You guys have it figured out. Businesses? They're way ahead of the game. But we will not let it prevent us from being cautious and aware of the risks. AI? Totally blind to the future. But what about game integrity? Crucial. The prevalence of advanced technologies necessitates vigilance to prevent cheating by AI. In the end, everyone benefits by competing on a level playing field. If we can maintain our wits and our knowledge, we can avoid falling for any hoaxes.

[nullama]

~snip~
gambling would be a profitable place if one could become a bookie rather than an AI.

even though AI cannot change someone's destiny from unlucky to more fortunate, AI is able to provide any search assistance we want regarding gambling. although AI cannot provide accurate information, AI is able to help consider the final results of our predictions.
there's nothing wrong with using AI to find information about sports betting.
maybe only sports betting at this time can be considered to get winning chances using AI predictions.

Yeah, it's the same with financial advisors, or gambling, etc.

The person charging you a fee, independent of the outcome, is the one making the real money.

It's that simple.

They charge you an entry fee to a show basically, you might enjoy or not enjoy the show, but you will have to pay anyway.

[romero121]

Everyone keeps forgetting about house edge when they talk about this, and I agree that this would be the reason why they would not be managing an AI to gamble for you. You can max the capability of an AI and create the best one, but mathematically house will always win and there is no scenario, no AI, no human, no nothing that could beat a house with 1% edge (well 1% commonly but that changes based on games and casinos).

So all in all, we are not going to see an AI do better than humans do, that's just not going to happen. I hope that it will get better one day but I bet that it will not get any better and we are going to end up seeing AI fail to be better than humans. Worst part is some people will think AI will be better and test it and lose even more money than they would normally because they trusted it too much.

I don't really understand why people are behind AI to be able to make them win when everyone clearly knows that gambling is not something that can be won if your luck is against you, an AI model can simply not be able to turn your losses into wins or your bad days into good ones since it isn't capable of doing that nor it's possible.

Gambling is about pure luck and nothing else can change that. Whether you ask the AI model to give you some strategy or make it predict the outcomes of a sports event, none of that is going to be accurate at all.

gambling would be a profitable place if one could become a bookie rather than an AI.

even though AI cannot change someone's destiny from unlucky to more fortunate, AI is able to provide any search assistance we want regarding gambling. although AI cannot provide accurate information, AI is able to help consider the final results of our predictions.
there's nothing wrong with using AI to find information about sports betting.
maybe only sports betting at this time can be considered to get winning chances using AI predictions.

That's the best part of AI. It can serve as an assistance provider which can change limit the time spent to gather information relative to a game. Apart it is our responsibility to predict the outcome based on the data. Whether you go with the AI suggestion or your choice, it is completely upto the person's luck. As mentioned an AI can never change the luck factor of a gambler. If that is possible then usage of AI to predict the outcomes will be effective. For now sports betting only can use it, as the casinos have different scripts for their games.

[wxa7115]

~snip~
gambling would be a profitable place if one could become a bookie rather than an AI.

even though AI cannot change someone's destiny from unlucky to more fortunate, AI is able to provide any search assistance we want regarding gambling. although AI cannot provide accurate information, AI is able to help consider the final results of our predictions.
there's nothing wrong with using AI to find information about sports betting.
maybe only sports betting at this time can be considered to get winning chances using AI predictions.

Yeah, it's the same with financial advisors, or gambling, etc.

The person charging you a fee, independent of the outcome, is the one making the real money.

It's that simple.

They charge you an entry fee to a show basically, you might enjoy or not enjoy the show, but you will have to pay anyway.

This reminds me of the California gold rush in which many people attracted by the dreams of becoming wealthy by finding a lot of gold moved to California hoping for the best, but instead the ones that became rich were the ones which provided services to the miners.

Now that does not mean there were not successful miners, but as you may guess their numbers were small compared to the merchants, and a similar process happens now as well when it comes to the casinos.

[ChiBitCTy]

I saw this post on instagram that had used ChatGPT (4 I think it is) to choose which 10 professional athletes are the best ever. Again this is athletes, not just single sport related. Bo Jackson wasn’t on the list. The only person to have ever been selected an all star in two different American professional sports leagues (football and baseball). The funny thing is this is well known and not really disputed. He makes the top 10, at minimum. So yeah, GhatGPT is cool no question , and it’s only going to get better..but it’s not at a point I’d take advice from it.

[len01]

Everyone keeps forgetting about house edge when they talk about this, and I agree that this would be the reason why they would not be managing an AI to gamble for you. You can max the capability of an AI and create the best one, but mathematically house will always win and there is no scenario, no AI, no human, no nothing that could beat a house with 1% edge (well 1% commonly but that changes based on games and casinos).

So all in all, we are not going to see an AI do better than humans do, that's just not going to happen. I hope that it will get better one day but I bet that it will not get any better and we are going to end up seeing AI fail to be better than humans. Worst part is some people will think AI will be better and test it and lose even more money than they would normally because they trusted it too much.

I don't really understand why people are behind AI to be able to make them win when everyone clearly knows that gambling is not something that can be won if your luck is against you, an AI model can simply not be able to turn your losses into wins or your bad days into good ones since it isn't capable of doing that nor it's possible.

Gambling is about pure luck and nothing else can change that. Whether you ask the AI model to give you some strategy or make it predict the outcomes of a sports event, none of that is going to be accurate at all.

gambling would be a profitable place if one could become a bookie rather than an AI.

even though AI cannot change someone's destiny from unlucky to more fortunate, AI is able to provide any search assistance we want regarding gambling. although AI cannot provide accurate information, AI is able to help consider the final results of our predictions.
there's nothing wrong with using AI to find information about sports betting.
maybe only sports betting at this time can be considered to get winning chances using AI predictions.

That's the best part of AI. It can serve as an assistance provider which can change limit the time spent to gather information relative to a game. Apart it is our responsibility to predict the outcome based on the data. Whether you go with the AI suggestion or your choice, it is completely upto the person's luck. As mentioned an AI can never change the luck factor of a gambler. If that is possible then usage of AI to predict the outcomes will be effective. For now sports betting only can use it, as the casinos have different scripts for their games.

even if we ask for AI assistance to predict a football match, for example, it would be better if we make an analysis first before predicting using AI. so the AI is only to consider from our predictions. if the predictions that are displayed are almost the same as our predictions, of course we will be more confident to bet on one of these teams.

regarding AI in sports betting. not only in sports betting, even in poker games there is AI that can be used. like the issue of some news in another thread.

[lucifur]

I just saw this thread in the unread posts lists and I remembered an episode in Young sheldon where he as a genius uses his mathematical skills to statistically predict the outcome of a game. I think it will be awesome to see this kind of technology working pretty well.

[masulum]

I just saw this thread in the unread posts lists and I remembered an episode in Young sheldon where he as a genius uses his mathematical skills to statistically predict the outcome of a game. I think it will be awesome to see this kind of technology working pretty well.

Implementing this in gambling games might result in users being deemed to have committed an offence. If he can read the patterns of online gambling games, then there will be many people who will buy the software. If that is the case, online and offline gambling will easily go bankrupt. because the pattern further increases the number of winners.

[STT]

And that's why casinos continue to operate for a long time making crazy amounts of money, and people end up in financial ruin, everywhere in the world.

One doesnt imply the other, people can bet within a budget just like they do any activity.  Most crypto casinos allow really low bets compared to a normal casino it can be far more modest and in no way a threat to your wallet.    Also its better to have more customers then over use the few you might have who cannot in the long term carry on gambling that much, a profitable business will go for the long term objective not aim to exhaust their customer base in any unhealthy way.

statistically predict the outcome of a game

That can be done and it will say the house has an advantage.  How to give yourself an extra advantage is much harder to observe then implement successfully, in most games I dont think its possible especially though I dont blame people for trying.   AI will be most useful for reducing the homework and legwork to any task, if they are easy to use then only the user and their imagination becomes a limitation but mostly I see them for automation and facilitation of existing tech.

[TheGreatPython]

Whatever algorithm, AI, or whatever is designed, the odds are always set by the casinos and always they will make it an advantage for them.

Also, it's by design, and they try to disguise it a lot, so that it "looks" or "feels" like there's no advantage to the casino, but make no mistake, there really is there an advantage to them.

Well, honestly, when it comes to sports betting, there is nothing a casino can do really to have the odds in their favour, I'm not really sure how the odds are calculated but whether a casino will get more or less totally depends which team will win a match and how much is staked by the gamblers on the team that was playing against the winning team.

The odds in other gambling games are surely in the favour of the house all the time, especially with the house edge, a gambler simply doesn't have a lot of chances to win against the house and even if they manage to do that, they will eventually lose again.

[Woodie]

Is this even possible?

Am guessing when it comes to sporting events AI will make informed selections based on historical data which any pundit out there will probably use when trying to make on the same pick, so technically all what AI is doing is using existing numbers that are available to all..
Btw I don't think these can ever predict an outcome of an upset because the numbers will never agree so this AI thing and gambling does work maybe with casino games might have some luck there.

I just saw this thread in the unread posts lists and I remembered an episode in Young sheldon where he as a genius uses his mathematical skills to statistically predict the outcome of a game. I think it will be awesome to see this kind of technology working pretty well.

Its possible to have some kind of mathematical system of trying to beat the system like martingale or whatever it is but usually for this to work the trick is in the risk management but unfortunately from what i have tried,seen,read the house always wins at the end of the day.

[Fredomago]

Whatever algorithm, AI, or whatever is designed, the odds are always set by the casinos and always they will make it an advantage for them.

Also, it's by design, and they try to disguise it a lot, so that it "looks" or "feels" like there's no advantage to the casino, but make no mistake, there really is there an advantage to them.

Well, honestly, when it comes to sports betting, there is nothing a casino can do really to have the odds in their favour, I'm not really sure how the odds are calculated but whether a casino will get more or less totally depends which team will win a match and how much is staked by the gamblers on the team that was playing against the winning team.

The odds in other gambling games are surely in the favour of the house all the time, especially with the house edge, a gambler simply doesn't have a lot of chances to win against the house and even if they manage to do that, they will eventually lose again.

If the gambler doesn't have any good control with their bankroll, even they've got the chance of winning eventually, they will lose it back to the house, though there are gamblers who knows how to deal with it and can manage to win, not many for sure as we continue to see more casino that keeps opening from time to time.

Moving back to the thread, AI might be used by both gambler and the house. They will both adjust and I agree that the house will continue to have that edge due to the house edge and the automated system that is being provided by bookies.

[nullama]

~snip~
If the gambler doesn't have any good control with their bankroll, even they've got the chance of winning eventually, they will lose it back to the house, though there are gamblers who knows how to deal with it and can manage to win, not many for sure as we continue to see more casino that keeps opening from time to time.

Moving back to the thread, AI might be used by both gambler and the house. They will both adjust and I agree that the house will continue to have that edge due to the house edge and the automated system that is being provided by bookies.

Yeah, I'm pretty sure casinos have already started to use AI to calculate their odds more accurately.

At the end of the day, they have a lot of money and usually can afford to stay on top of the game all the time.

[batang_bitcoin]

Is this even possible?

Am guessing when it comes to sporting events AI will make informed selections based on historical data which any pundit out there will probably use when trying to make on the same pick, so technically all what AI is doing is using existing numbers that are available to all..
Btw I don't think these can ever predict an outcome of an upset because the numbers will never agree so this AI thing and gambling does work maybe with casino games might have some luck there.

That's what actually AI will respond with these set of questions that are being thrown to it. If the answer to a question is about like predicting the future outcome of a match or an answer that needs some opinion, it will answer that it cannot answer wholly and will only base on the data that's given it can find over the internet. With even gpt4, I guess that it's still having time in learning how to give some predictions related to gambling and sportsbetting.

[nullama]

~snip~
That's what actually AI will respond with these set of questions that are being thrown to it. If the answer to a question is about like predicting the future outcome of a match or an answer that needs some opinion, it will answer that it cannot answer wholly and will only base on the data that's given it can find over the internet. With even gpt4, I guess that it's still having time in learning how to give some predictions related to gambling and sportsbetting.

You can also always ask roundabout questions to the AI, and make up your own mind about who's going to win an event.

There's no need to obtain an actual odd, you simply might request some specific information about key players, and things like that.

It's basically a tool, and there will be many different usages of it.