[POLL] Using AI to predict outcomes

[nullama]

~snip~
While those results happen from time to time it is not common and even casinos can suffer huge losses if someone was crazy enough to take a huge bet on favor of the underdog at the time.

So it is natural that even an AI will struggle to identify and accurately predict those results, still if given enough information about a particular sport and guiding the model in a very careful way I think it should be possible to produce an AI which could predict outcomes with enough accuracy to produce profits.

For every one person that wins big there are multiple others that lose.

At the end of the day the casino will always win because the odds are calculated like that. For example, let's say you win and I lose, the bank uses the money they got from me to pay you and still earn a bit from the whole transaction.

[maydna]

-snip

And just the same, even it's 99% the remaining percentage can still bring you to lose your bet, remember it's gambling and there are many things that will influence the potential outcome, I see the point where it can be developed and it can find more information but the accuracy especially when dealing in gambling, it's something that only luck can accurately dictate your winning chance.

in the end, from 99% there is still 1% luck left. as we saw when Barcelona played against Celta but Barcelona ended up losing, right?
well, this is an obvious case and maybe if using AI to predict the match AI will favor Barcelona because it is clear that the top team already has the perfect strength to beat Celta but luck of surprise and luck is always present in every sporting match.
so everything still depends on luck just like you said.

While those results happen from time to time it is not common and even casinos can suffer huge losses if someone was crazy enough to take a huge bet on favor of the underdog at the time.

So it is natural that even an AI will struggle to identify and accurately predict those results, still if given enough information about a particular sport and guiding the model in a very careful way I think it should be possible to produce an AI which could predict outcomes with enough accuracy to produce profits.

But I don't think AI technology has yet reached that stage and is still being developed, so we are still looking for more information or there is already technology that can provide accurate predictions about matches. Indeed, using AI can provide a higher percentage because calculations from AI can be more accurate than we do, but we should not make decisions based solely on information from AI. But if we talk about the luck we can get, AI is having trouble knowing when that luck is coming.

[nullama]

~snip~
But I don't think AI technology has yet reached that stage and is still being developed, so we are still looking for more information or there is already technology that can provide accurate predictions about matches. Indeed, using AI can provide a higher percentage because calculations from AI can be more accurate than we do, but we should not make decisions based solely on information from AI. But if we talk about the luck we can get, AI is having trouble knowing when that luck is coming.

It's been there for years, basically the technology that calculates the odds that every casino pays is calculated by some kind of AI.

The technology is just getting more and more accurate every year, but the math is still there, they calculate the odds and make them a bit more in favor to the casino.

That's why, even if you have an extremely accurate prediction, you will probably end up losing money against the casino in the long term. The odds are against the gambler.

[pakhitheboss]

too risky to leave our betting decisions to artificial intelligence imo, then I won't do it.
Just imagine, is it possible for ChatGPT to accurately and precisely predict yesterday's match in the European Cup final match between Sevilla vs Roma, I'm sure everyone must answer it's impossible.

it is not easy to be able to get accurate predictions, the data collected alone will not be 100% correct because soccer betting is still dominated by luck.

I tried ChatGPT to predict a few cricket matches when IPL was going on. The accuracy level was not that good, can't say bad too. I suck in writing prompts! If you know it good then the accuracy level might change. The risk is still high as you are dependent on an AI. I did felt conflicted at times as the team that I know will win is declared by the AI, has a chance of 50 percent winning. Such conflicts creates confusion and in the end you tend to not bet. Later on when you find out that you were correct, it creates a trust deficit on the AI. In my opinion when you are clueless of the outcome of a particular match then go and ask the AI and not for all games.

[len01]

-snip

But I don't think AI technology has yet reached that stage and is still being developed, so we are still looking for more information or there is already technology that can provide accurate predictions about matches. Indeed, using AI can provide a higher percentage because calculations from AI can be more accurate than we do, but we should not make decisions based solely on information from AI. But if we talk about the luck we can get, AI is having trouble knowing when that luck is coming.

well, in the end back to luck like you said.
maybe every year or even every decade AI will always be developed to get results that are quite accurate with various information that is entered into AI which provides greater accurate opportunities but all returns to luck.
remember, that gambling is about winning, losing and luck which means that nothing guarantees a win at gambling even if it is AI that has been developed.

I'm not particularly skeptical of AI just preferring AI to be used in ways other than predicting sports betting.

[Betwrong]

~

I don't think that the A.I could be useful in predicting outcomes of the things that's going to occur in future. The worst thing with A.I is that it changes its predictions every time and that's why someone who purely relies of such predictions could end up losing a lot of money. Even if someone who's the master of those A.I based predictors couldn't get a proper prediction with very good prompts. Even A.I won't be able to predict the future price of a crypto-currency like Bitcoin because it's totally dumb when it comes to predictions.

I agree that A.I can be very useful for somethings, but most of the time A.I would cause more damage than good to humans and that's why many entrepreneurs are trying their best to stop further research on A.I because they can see that it could be very harmful for humans. I have used A.I software such as Stable-diffusion and I must say it was incredible in generating some images that were of low quality. However, it was still useful for the purpose.

See, You said it yourself, it can be useful. As for predicting outcomes of the things that are going to occur in future, you can ask "How to cook a tasty cheap soup?", and AI will provide you with a recipe, and it's kinda prediction of the future, innit? It's basically saying "Do this and this and you'll get a tasty soup in the future". In sports betting it could be "Bet on this and this, and you'll be in profit in the future." Of course, it's never guaranteed. You can be allergic to some ingredients in the recipe, or you might just don't like the taste, same as your profit might be negative after following AI's advice in sports betting, but we can try several times and see whether we want its help or not. AI has been doing well so far in many fields.

[nullama]

~snip~
See, You said it yourself, it can be useful. As for predicting outcomes of the things that are going to occur in future, you can ask "How to cook a tasty cheap soup?", and AI will provide you with a recipe, and it's kinda prediction of the future, innit? It's basically saying "Do this and this and you'll get a tasty soup in the future". In sports betting it could be "Bet on this and this, and you'll be in profit in the future." Of course, it's never guaranteed. You can be allergic to some ingredients in the recipe, or you might just don't like the taste, same as your profit might be negative after following AI's advice in sports betting, but we can try several times and see whether we want its help or not. AI has been doing well so far in many fields.

Well, the thing is that it's different when you use an AI to create a plan for you, like a recipe, etc, compared to betting.

When betting, the odds are always against you. The chances of a team winning are calculated, and then the casinos add some odds in their favor.

In a simplistic example, imagine a coin toss bet. The AI calculates that it is more probable that it lands on tail right now, but the thing is that the odds are not 50/50, they are slightly on the casino's side. So, say, if you win, you don't win 1, but win 0.8 or whatever. So, in the long term, you will win some, lose some, but overall, the casino will end up winning.

[Josefjix]

well, in the end back to luck like you said.
maybe every year or even every decade AI will always be developed to get results that are quite accurate with various information that is entered into AI which provides greater accurate opportunities but all returns to luck.
remember, that gambling is about winning, losing and luck which means that nothing guarantees a win at gambling even if it is AI that has been developed.

I'm not particularly skeptical of AI just preferring AI to be used in ways other than predicting sports betting.

Everything is making advance, with AI in the picture, things going smoothly for everyone. Please don't get me wrong: AI is vastly superior to the brain since it produces long extremely important data in ways that the brain cannot accomplish. Our brain performs all of the functions in daily activities, and it is not recommended to put pressure on the brain. We must maintain steady balance for the purpose to do tasks correctly and avoid making costly mistakes. AI is best served when it involves programs other than gambling; AI is better handled when it comes to searching for essential data, such as school projects.

[Doan9269]

~snip~
While those results happen from time to time it is not common and even casinos can suffer huge losses if someone was crazy enough to take a huge bet on favor of the underdog at the time.

So it is natural that even an AI will struggle to identify and accurately predict those results, still if given enough information about a particular sport and guiding the model in a very careful way I think it should be possible to produce an AI which could predict outcomes with enough accuracy to produce profits.

For every one person that wins big there are multiple others that lose.

At the end of the day the casino will always win because the odds are calculated like that. For example, let's say you win and I lose, the bank uses the money they got from me to pay you and still earn a bit from the whole transaction.

Just imagine how some people can be ist so funny expecting the use of AI to win against the house, how possible, though things can come in any dimension when it comes to gambling but the higher wining percentage is vested on the casino because we are all humans and can't be always accurate with what we predict on, same way also is the uee of AI in gambling which cannot be effective at all the times wining against the house.

[bettercrypto]

ChatGPT is all the rage at the moment. I’ve seen that people are asking it to predict sporting events. Would you leave gambling decisions up to artificial intelligence? Do you see any potential drawbacks for outsourcing your bets to a software program? Has anyone here tried this yet? Do we need someone to put together a thread of ChatGPT predictions to see how accurate they are?  Any other thoughts?

I haven't tried it yet, has anyone tried it? did you predict correctly? But when it comes to things that are used with emotion, AI can't answer that, because of course, whatever data is put in it, that's all it will say, and there's nothing else, right?

But they say that many people have made a lot of money using AI. As for me, I don't really believe it either. It's hard to trust and expect the AI to win especially if you're going to gamble.

[Fredomago]

well, in the end back to luck like you said.
maybe every year or even every decade AI will always be developed to get results that are quite accurate with various information that is entered into AI which provides greater accurate opportunities but all returns to luck.
remember, that gambling is about winning, losing and luck which means that nothing guarantees a win at gambling even if it is AI that has been developed.

I'm not particularly skeptical of AI just preferring AI to be used in ways other than predicting sports betting.

Everything is making advance, with AI in the picture, things going smoothly for everyone. Please don't get me wrong: AI is vastly superior to the brain since it produces long extremely important data in ways that the brain cannot accomplish. Our brain performs all of the functions in daily activities, and it is not recommended to put pressure on the brain. We must maintain steady balance for the purpose to do tasks correctly and avoid making costly mistakes. AI is best served when it involves programs other than gambling; AI is better handled when it comes to searching for essential data, such as school projects.

Yes, with how AI can take multiple data and continue to store and use it when it's needed that is the advantage, we can't deny that human brain have limitations and with the help of AI the development can easily be done, though in terms of gambling there's always luck behind and even how good AI can be there are factors that it can't predict basing from the data that it collects from the avilable sources.

But yes, in terms of  different projects like school or office works, AI can be more useful to assist us in fuliflling our needs.

[goldkingcoiner]

ChatGPT is all the rage at the moment. I’ve seen that people are asking it to predict sporting events. Would you leave gambling decisions up to artificial intelligence? Do you see any potential drawbacks for outsourcing your bets to a software program? Has anyone here tried this yet? Do we need someone to put together a thread of ChatGPT predictions to see how accurate they are?  Any other thoughts?

I haven't tried it yet, has anyone tried it? did you predict correctly? But when it comes to things that are used with emotion, AI can't answer that, because of course, whatever data is put in it, that's all it will say, and there's nothing else, right?

But they say that many people have made a lot of money using AI. As for me, I don't really believe it either. It's hard to trust and expect the AI to win especially if you're going to gamble.

Not even AI can predict the future. The people who use AI for gambling and made money were just lucky, I believe. I do not consider the current AI technology to be true AI. Rather the modern Artificial Intelligence seems to be a cheap imitation of how the human brain works. But how can we have an imitation of such when we do not even understand how it fully works, in the first place? ChatGPT is just a more complex version of "let me Google that for you".

[maydna]

It's been there for years, basically the technology that calculates the odds that every casino pays is calculated by some kind of AI.

The technology is just getting more and more accurate every year, but the math is still there, they calculate the odds and make them a bit more in favor to the casino.

That's why, even if you have an extremely accurate prediction, you will probably end up losing money against the casino in the long term. The odds are against the gambler.

Perhaps, the AI used is still basic or different from the AI being developed by the developers. Moreover, the AI technology is also different from the previous one, so its use will also differ. And we have also seen how the development of this AI has come so far, and there is still work for the developers to work even harder on providing updates for the AI.

And don't fight the casino because it is the casino that will get the most from the losing gamblers. We can only bet and enjoy it, and if we are lucky, we will get that win. What's important is that we can limit the use of money, whether it's using AI or not using AI.

well, in the end back to luck like you said.
maybe every year or even every decade AI will always be developed to get results that are quite accurate with various information that is entered into AI which provides greater accurate opportunities but all returns to luck.
remember, that gambling is about winning, losing and luck which means that nothing guarantees a win at gambling even if it is AI that has been developed.

I'm not particularly skeptical of AI just preferring AI to be used in ways other than predicting sports betting.

Yes, it is. Everything will return to our luck at that time. We will win even if we don't use AI if we are lucky. But perhaps AI can provide more accurate information because AI can get it from sources that may be unfamiliar to us, so we can process it to get other clues that can support our bets.

And it depends on the updates made by the developers for each field, and of course, later in the gambling field, some developers are already working on creating AI suitable for gambling. And AI works with codes that, in the future, can process the data obtained to give us a percentage chance of winning. So we'll see how it develops later.

[wxa7115]

But I don't think AI technology has yet reached that stage and is still being developed, so we are still looking for more information or there is already technology that can provide accurate predictions about matches. Indeed, using AI can provide a higher percentage because calculations from AI can be more accurate than we do, but we should not make decisions based solely on information from AI. But if we talk about the luck we can get, AI is having trouble knowing when that luck is coming.

Casinos most likely have it, or at least their odds providers do so, after all with the huge amount of events and bets they offer it is impossible this is calculated by humans so some sort of AI must be able to do this, which is why some professional gamblers have noticed that is getting harder and harder to beat the casinos as the algorithms behind their AI is improving every single day.

Still if at some point that technology fell on the hands of gamblers they could fight fire with fire and find more easily odds in which the AI could have made a mistake.

[nullama]

But I don't think AI technology has yet reached that stage and is still being developed, so we are still looking for more information or there is already technology that can provide accurate predictions about matches. Indeed, using AI can provide a higher percentage because calculations from AI can be more accurate than we do, but we should not make decisions based solely on information from AI. But if we talk about the luck we can get, AI is having trouble knowing when that luck is coming.

Casinos most likely have it, or at least their odds providers do so, after all with the huge amount of events and bets they offer it is impossible this is calculated by humans so some sort of AI must be able to do this, which is why some professional gamblers have noticed that is getting harder and harder to beat the casinos as the algorithms behind their AI is improving every single day.

Still if at some point that technology fell on the hands of gamblers they could fight fire with fire and find more easily odds in which the AI could have made a mistake.

Yeah, well, these odds are calculated to give the casino some advantage. It doesn't matter how exact they are and that it sometimes is wrong, because in the long term after winning and losing a few times the casino will still won because there is always a better odd for them

[len01]

-snip

Yes, with how AI can take multiple data and continue to store and use it when it's needed that is the advantage, we can't deny that human brain have limitations and with the help of AI the development can easily be done, though in terms of gambling there's always luck behind and even how good AI can be there are factors that it can't predict basing from the data that it collects from the avilable sources.

But yes, in terms of  different projects like school or office works, AI can be more useful to assist us in fuliflling our needs.

well this is what I mean and makes more sense.
if AI is used for work other than predicting sports betting or other types of betting it will be better because if it is used for office or school work it is not against luck but if it is used for predictions it is clearly the same as AI against luck.
because we cannot deny that gambling is always close to luck and it is very difficult for AI to fight against this kind of thing even though AI can search for a lot of data but in the end there are always surprises at every bet that can make us lose.

from the many answers and all of them it is clear that AI will work well if it is used in various other jobs besides betting.

[maydna]

But I don't think AI technology has yet reached that stage and is still being developed, so we are still looking for more information or there is already technology that can provide accurate predictions about matches. Indeed, using AI can provide a higher percentage because calculations from AI can be more accurate than we do, but we should not make decisions based solely on information from AI. But if we talk about the luck we can get, AI is having trouble knowing when that luck is coming.

Casinos most likely have it, or at least their odds providers do so, after all with the huge amount of events and bets they offer it is impossible this is calculated by humans so some sort of AI must be able to do this, which is why some professional gamblers have noticed that is getting harder and harder to beat the casinos as the algorithms behind their AI is improving every single day.

Still if at some point that technology fell on the hands of gamblers they could fight fire with fire and find more easily odds in which the AI could have made a mistake.

Casinos will also have it in the future when AI is widely used, and gamblers have also started using it to increase their winning chances. So casinos must be careful in anticipating this by looking for solutions to beat gamblers who use AI. Casinos can still beat gamblers who don't use AI or who don't know how to operate AI. But the casinos will surely have a hard time beating gamblers who understand how AI works because those gamblers really know how to figure out how to win. We may see that the competition between casinos and gamblers for wins will be tougher. So let's just wait.

[LUCKMCFLY]

AI will become more sophisticated than now, so it will help us get more accurate information from the data we get. But we still can't leave the decision to AI because we must decide which one we choose based on all the data we have collected. Perhaps, for now, it's still strange if some people use AI in a way that AI hasn't progressed too well. We should wait until the time comes to see what will happen to the AI that can help us in our gambles.

as the days go by, there will certainly always be technological improvements, and one of them, AI will always be developed with adoption to get very accurate results, even if only 90%. however, in this adoption we should not rely on predictions or anything that has been displayed by AI because everything is still inaccurate and still has 10% error even though it has been developed to be more accurate.
so it would be better if AI was only used as a second option to consider or strengthen our predictions for betting.

And just the same, even it's 99% the remaining percentage can still bring you to lose your bet, remember it's gambling and there are many things that will influence the potential outcome, I see the point where it can be developed and it can find more information but the accuracy especially when dealing in gambling, it's something that only luck can accurately dictate your winning chance.

I have wondered something, as time goes by the AI has learned much more, and the most important thing is that the AI learns in hours to be an expert in anything, in the case of betting on casinos there is still a long way to go, but I don't know how they can do it so that I can be one step ahead of the casino systems knowing that the casino systems have the Provably Fair system and everything that entails to be able to beat it, I think that for now it is not possible, but in the future the AI with the help of quantum pc will not be difficult anymore, and that era may come soon, I always believed that quantum computer will be developed first before AI.

[STT]

I dont see AI alters the odds for the casinos themselves, the game is unchanged however it might alter the advantages between players vs other players.   Something like poker or sports betting its most relevant but its already true some will have greater experience and knowledge of the odds vs rewards on these games anyway.   Nothing massively different outside of AI making it alot more convenient and seamless to enact possibly ?

[KTChampions]

I dont see AI alters the odds for the casinos themselves, the game is unchanged however it might alter the advantages between players vs other players.   Something like poker or sports betting its most relevant but its already true some will have greater experience and knowledge of the odds vs rewards on these games anyway.   Nothing massively different outside of AI making it alot more convenient and seamless to enact possibly ?

AI poker is already playing better than humans as far as I know. As for betting and analysis of sports events, here AI should also surpass humans, after all, sports betting is statistics + processing of large data arrays + probabilistic analysis - all that AI is undoubtedly good at.
The problem is that in this area everyone will keep their secrets and we will not know the moment when the superiority of AI will become undeniable