[POLL] Using AI to predict outcomes

[nullama]

~snip~
understanding that creation of phrases and numbers using an statistical model for the best possible response is different than predicting the future is a must

this article on how LLMs work is quite good to grasp the basics
What Is ChatGPT Doing … and Why Does It Work?

still a funny game, as you mentioned, but probably won't be so accurate, if it gets it right it'll be more due to luck than due to skill, kind like an oracle, maybe

Yes, you are right.

The thing is that creating text like that basically tricks the brain into assuming that an intelligent entity wrote that. But it is just based on previous knowledge, not new insights.

I wonder if we somehow peaked in terms of generation of content, as AI based content will start using AI based content in their datasets for training, and that kind of loop usually ends up in worse outcomes.

Still, I think AI can be used to generate a good enough prediction.

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[Lucasgabd]

~snip~
understanding that creation of phrases and numbers using an statistical model for the best possible response is different than predicting the future is a must

this article on how LLMs work is quite good to grasp the basics
What Is ChatGPT Doing … and Why Does It Work?

still a funny game, as you mentioned, but probably won't be so accurate, if it gets it right it'll be more due to luck than due to skill, kind like an oracle, maybe

Yes, you are right.

The thing is that creating text like that basically tricks the brain into assuming that an intelligent entity wrote that. But it is just based on previous knowledge, not new insights.

I wonder if we somehow peaked in terms of generation of content, as AI based content will start using AI based content in their datasets for training, and that kind of loop usually ends up in worse outcomes.

Still, I think AI can be used to generate a good enough prediction.

maybe in the future with AI models advancing too things will change
I'm really curious for the next decades
we'll see many interesting things for sure.

any other ideas on how AI may affect the future of betting?

[nullama]

~snip~

maybe in the future with AI models advancing too things will change
I'm really curious for the next decades
we'll see many interesting things for sure.

any other ideas on how AI may affect the future of betting?

Well, one thing that comes to mind is speed.

Since an AI can process information much faster than the human mind, maybe there would be bets in a faster time-scales than what we can perceive.

Machines are able to uncover things that we can't see, so it's natural to see a progression towards betting on those things as well.

[boyptc]

~snip~

maybe in the future with AI models advancing too things will change
I'm really curious for the next decades
we'll see many interesting things for sure.

any other ideas on how AI may affect the future of betting?

Well, one thing that comes to mind is speed.

Since an AI can process information much faster than the human mind, maybe there would be bets in a faster time-scales than what we can perceive.

Machines are able to uncover things that we can't see, so it's natural to see a progression towards betting on those things as well.

That's what AIs can do, they're quick in processing information and data gathering as long as it can be found on the web.

What we are not going to see is that the actual results and these predictions will just be based on the data that they can gather.

In short, they can be like us that can predict with basis but it can't do prediction like what we do like that we're just guessing.

[Betwrong]

To be honest, I'm generating the price of bitcoin or any kind of random number using the OpenAi chatGPT right now. Gamble cant be predicted especially with random numbers or bitcoin price I mean precisely. Si Usually I just talk to chat gpt and tell them to generate number in range between xx to xx. Till this date I never won but it is fun to chat with an AI hahahha

understanding that creation of phrases and numbers using an statistical model for the best possible response is different than predicting the future is a must

this article on how LLMs work is quite good to grasp the basics
What Is ChatGPT Doing … and Why Does It Work?

still a funny game, as you mentioned, but probably won't be so accurate, if it gets it right it'll be more due to luck than due to skill, kind like an oracle, maybe

Thank you for the link! Hope such a long article will help us understand how this machine works. There are 53 comments after the article and I think it's important to read them too to understand it even better. I think I'll do that.

still a funny game, as you mentioned, but probably won't be so accurate, if it gets it right it'll be more due to luck than due to skill, kind like an oracle, maybe

It gets right many things, but the outcomes of the sport events isn't one of them. Maybe the article will help me understand the theory behind it, but in practice I tried many times and AI was right only once in a dozen tries, so, as you said, due to luck, I guess.

[Lucasgabd]

~snip~

maybe in the future with AI models advancing too things will change
I'm really curious for the next decades
we'll see many interesting things for sure.

any other ideas on how AI may affect the future of betting?

Well, one thing that comes to mind is speed.

Since an AI can process information much faster than the human mind, maybe there would be bets in a faster time-scales than what we can perceive.

Machines are able to uncover things that we can't see, so it's natural to see a progression towards betting on those things as well.

that's interesting
supposing you have a tested model that gets 70% win rate but is limited by your analysis and time you could scale this strong by using AI and programming

To be honest, I'm generating the price of bitcoin or any kind of random number using the OpenAi chatGPT right now. Gamble cant be predicted especially with random numbers or bitcoin price I mean precisely. Si Usually I just talk to chat gpt and tell them to generate number in range between xx to xx. Till this date I never won but it is fun to chat with an AI hahahha

understanding that creation of phrases and numbers using an statistical model for the best possible response is different than predicting the future is a must

this article on how LLMs work is quite good to grasp the basics
What Is ChatGPT Doing … and Why Does It Work?

still a funny game, as you mentioned, but probably won't be so accurate, if it gets it right it'll be more due to luck than due to skill, kind like an oracle, maybe

Thank you for the link! Hope such a long article will help us understand how this machine works. There are 53 comments after the article and I think it's important to read them too to understand it even better. I think I'll do that.

still a funny game, as you mentioned, but probably won't be so accurate, if it gets it right it'll be more due to luck than due to skill, kind like an oracle, maybe

It gets right many things, but the outcomes of the sport events isn't one of them. Maybe the article will help me understand the theory behind it, but in practice I tried many times and AI was right only once in a dozen tries, so, as you said, due to luck, I guess.

you're welcome
the article is great and helped me understand LLMs better even though some things go beyoned my comprehension

LLMs won't work well to predict game results because as mentioned they don't calculate probabilities of future stuff that we don't know about, they use statistics to give you the best phrases and order of words.

[OgNasty]

~snip~

maybe in the future with AI models advancing too things will change
I'm really curious for the next decades
we'll see many interesting things for sure.

any other ideas on how AI may affect the future of betting?

Well, one thing that comes to mind is speed.

Since an AI can process information much faster than the human mind, maybe there would be bets in a faster time-scales than what we can perceive.

Machines are able to uncover things that we can't see, so it's natural to see a progression towards betting on those things as well.

I’m sure it’s only a matter of time before someone creates and AI bot that can sit around making thousands of bets per day and winning at a rate slightly higher than the average gambler. I still don’t think AI can beat the odds over a casino in the long run, but I imagine it could probably bet a massive amount of money with a ton of bets to make gamblers inflate their amount bet numbers like never before.

[cabron]

~snip~

maybe in the future with AI models advancing too things will change
I'm really curious for the next decades
we'll see many interesting things for sure.

any other ideas on how AI may affect the future of betting?

Well, one thing that comes to mind is speed.

Since an AI can process information much faster than the human mind, maybe there would be bets in a faster time-scales than what we can perceive.

Machines are able to uncover things that we can't see, so it's natural to see a progression towards betting on those things as well.

I’m sure it’s only a matter of time before someone creates and AI bot that can sit around making thousands of bets per day and winning at a rate slightly higher than the average gambler. I still don’t think AI can beat the odds over a casino in the long run, but I imagine it could probably bet a massive amount of money with a ton of bets to make gamblers inflate their amount bet numbers like never before.

It's possible only if it's the bookies who will create the AI. All they need to do is just collect the information of the sharpest bettors in their platform and then allow the AI to grab that information to present their picks to the public. But I don't think they are willing to do this for it's gonna be their loss.

So far the bookies are presenting already their fave team, more than likely they are the ones who always win but to pinpoint exactly how to win thru the odds, its the hardest.

[Lucasgabd]

~snip~

maybe in the future with AI models advancing too things will change
I'm really curious for the next decades
we'll see many interesting things for sure.

any other ideas on how AI may affect the future of betting?

Well, one thing that comes to mind is speed.

Since an AI can process information much faster than the human mind, maybe there would be bets in a faster time-scales than what we can perceive.

Machines are able to uncover things that we can't see, so it's natural to see a progression towards betting on those things as well.

I’m sure it’s only a matter of time before someone creates and AI bot that can sit around making thousands of bets per day and winning at a rate slightly higher than the average gambler. I still don’t think AI can beat the odds over a casino in the long run, but I imagine it could probably bet a massive amount of money with a ton of bets to make gamblers inflate their amount bet numbers like never before.

what is the average gambler winrate?
not sure if this matter so much tbh

there are people building bots and data-based models for gambling with success win rates, right now
we don't need a futuristic AI for that, it's already happening

[nullama]

~snip~
I’m sure it’s only a matter of time before someone creates and AI bot that can sit around making thousands of bets per day and winning at a rate slightly higher than the average gambler. I still don’t think AI can beat the odds over a casino in the long run, but I imagine it could probably bet a massive amount of money with a ton of bets to make gamblers inflate their amount bet numbers like never before.

In a way this has already happened, in the stock exchange. It's called High Frequency Trading (HFT), and it's been happening since more than a decade or two already.

Basically the bots try to find a good opportunity and they buy or sell stocks, all of this in milliseconds. There's no way a human can compete with this.

In terms of betting, I guess most casinos have slower interfaces so I don't think they provide a similar infrastructure like the stock exchange.

[Lucasgabd]

~snip~
I’m sure it’s only a matter of time before someone creates and AI bot that can sit around making thousands of bets per day and winning at a rate slightly higher than the average gambler. I still don’t think AI can beat the odds over a casino in the long run, but I imagine it could probably bet a massive amount of money with a ton of bets to make gamblers inflate their amount bet numbers like never before.

In a way this has already happened, in the stock exchange. It's called High Frequency Trading (HFT), and it's been happening since more than a decade or two already.

Basically the bots try to find a good opportunity and they buy or sell stocks, all of this in milliseconds. There's no way a human can compete with this.

In terms of betting, I guess most casinos have slower interfaces so I don't think they provide a similar infrastructure like the stock exchange.

the more I learn the more I find that it's usually better to try to get rich slowly and over time than trying to get rich quickly only.
time does a beautiful job for you in terms of compounding gains and rushing/being worried about money many times will make you lose instead of win.

[Latviand]

~

The first thing that comes to mind to me is that basically it would be impossible to know someone was using an AI to make bets. How you come up with your bet is almost impossible to prove.

Second, is that AI might be great, but still the odds will probably be against you. So, yeah, maybe the AI can help you get closer to say 50/50 chances, but you still as a gambler will have slightly less odds, that's just how casinos design their games. It is basically impossible to bet on something that is not more favorable to the casino, by design.

A little pattern recognition would probably help you, if you suspect that someone's using an AI, just use all the AIs available for you to see if you can replicate the result and see some correlation, there's not much up to date AIs out there so you're investigation is easy. It's not impossible to prove that someone's using AI, more like tedious and full of coercion because you've got to make them admit they're using AI. You're right that it's not going to give you the win easily but you also said it ups your chances so it's a win to me if I can get an edge on the casinos.

~

Yes, AIs are useful, but,for better or worse, not for making bets. I've checked that many times for sports betting, and and it gives you no edge whatsoever. Can you use AI to predict outcomes of slot games and dice? Well, that's a deeply philosophical question, innit?

For now, I would agree that you're goddamn right about AI's usefulness in terms of making bets but give it time, I believe that AI technology will continue to grow so I am sure that this kind of prediction for bets will be an easy thing for an AI to do, it's learning as I type this right now and it will continue to accumulate information about everything until it's perfected. You don't need to have AI to predict outcomes for slot machines, I believe there's a device for you to do that or something that foces the machine to give you the win.

[Twentyonepaylots]

~snip~
I’m sure it’s only a matter of time before someone creates and AI bot that can sit around making thousands of bets per day and winning at a rate slightly higher than the average gambler. I still don’t think AI can beat the odds over a casino in the long run, but I imagine it could probably bet a massive amount of money with a ton of bets to make gamblers inflate their amount bet numbers like never before.

In terms of betting, I guess most casinos have slower interfaces so I don't think they provide a similar infrastructure like the stock exchange.

In a way that AI has been helping us in many different ways, I think this is not applicable with gambling like taking all the factors to predict the outcome. AI does predict outcome by analyzing previous data, in short its prediction is from the pattern, pattern that a human can't see or comprehend and I think that's cheating. Gambling isn't made for such technology, perhaps it is the enemy of gambling. If AI continue to upgrade, enter all the industry that it could be then it may be a disruption for some causing some boundary and may be a new age of security detecting AIs in some area.

[nullama]

~snip~
In a way that AI has been helping us in many different ways, I think this is not applicable with gambling like taking all the factors to predict the outcome. AI does predict outcome by analyzing previous data, in short its prediction is from the pattern, pattern that a human can't see or comprehend and I think that's cheating. Gambling isn't made for such technology, perhaps it is the enemy of gambling. If AI continue to upgrade, enter all the industry that it could be then it may be a disruption for some causing some boundary and may be a new age of security detecting AIs in some area.

I don't think it would be considered cheating, as the odds are still against the gambler.

Even the most powerful AI will give you certain probabilities, and at the end the casino will have setup the game to have some advantages, independent if you are right or not in your guess.

[maydna]

In a way that AI has been helping us in many different ways, I think this is not applicable with gambling like taking all the factors to predict the outcome. AI does predict outcome by analyzing previous data, in short its prediction is from the pattern, pattern that a human can't see or comprehend and I think that's cheating. Gambling isn't made for such technology, perhaps it is the enemy of gambling. If AI continue to upgrade, enter all the industry that it could be then it may be a disruption for some causing some boundary and may be a new age of security detecting AIs in some area.

In the future, AI will help us in various ways so that we can benefit from AI. AI is currently still in the development stage so that it can be even better and can reach a level where it can provide the results desired by humans. However, casinos will not just watch the development of AI but will prepare AI to fight AI too. And later, there will be competition between AI involving casinos and gamblers who want to win. But it looks like casinos will still make the most profits because that is their business. Meanwhile, many gamblers still experience loss because they are not yet able to use AI.

[electronicash]

In a way that AI has been helping us in many different ways, I think this is not applicable with gambling like taking all the factors to predict the outcome. AI does predict outcome by analyzing previous data, in short its prediction is from the pattern, pattern that a human can't see or comprehend and I think that's cheating. Gambling isn't made for such technology, perhaps it is the enemy of gambling. If AI continue to upgrade, enter all the industry that it could be then it may be a disruption for some causing some boundary and may be a new age of security detecting AIs in some area.

In the future, AI will help us in various ways so that we can benefit from AI. AI is currently still in the development stage so that it can be even better and can reach a level where it can provide the results desired by humans. However, casinos will not just watch the development of AI but will prepare AI to fight AI too. And later, there will be competition between AI involving casinos and gamblers who want to win. But it looks like casinos will still make the most profits because that is their business. Meanwhile, many gamblers still experience loss because they are not yet able to use AI.

casino's AI is to keep gamblers from winning and the gambler's AI is to keep winning. it will be a hell of a fight as AIs are getting sophisticated i think the dev can actually develop something that will deceive the other bot. AI industry will be the new industry that we are going to be working on.

AIs to predict sports outcomes might still be impossible to achieve for now. we have a long way to go since this depends on the athletes playing the game.
how much access will AI have inorder to predict games? personal life of athletes, health and team meetings. i doubt they are going to allow it.

[Ever-young]

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?

Well I've never thought of that before, but since you've just brought it to my notice, I might as well just give it a try and see just what the outcome might be. Although I feel that AI would be more advantaged when it comes to making analysis and coming up with a possible prediction and outcome of a game more than most of us could ever do. I'll let an AI give me a prediction, I'll stake it and then I'll come back to this thread to update everyone on the outcome.

[Nwada001]

That's what AIs can do, they're quick in processing information and data gathering as long as it can be found on the web.

What we are not going to see is that the actual results and these predictions will just be based on the data that they can gather.

In short, they can be like us that can predict with basis but it can't do prediction like what we do like that we're just guessing.

The truth there is that AI's are just in the form of advanced humans; they are just programmed to do a little better than what human thinking will do. If we are to make our predictions based on past events, the time it will take us to calculate the possibility of outcomes will take them less than that to get the actual result and give out their protection.
 
And for the aspect of betting, which requires some mathematical calculations, they get a desired and accurate result. I think the AI will also do best in that aspect, depending on how they are programmed to function. Most of them can give an accurate result, as they can solve and determine the next result within minutes.
 
But there is just some kind of thinking that those AIs will lack that humans only possess, which is beyond mathematical thinking, but one just needs to think outside the box in order to make such a game happen and turn it into winning.

[Ever-young]

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?

Well I've never thought of that before, but since you've just brought it to my notice, I might as well just give it a try and see just what the outcome might be. Although I feel that AI would be more advantaged when it comes to making analysis and coming up with a possible prediction and outcome of a game more than most of us could ever do. I'll let an AI give me a prediction, I'll stake it and then I'll come back to this thread to update everyone on the outcome.

I said I was going to try it and yes I did, I also promised I'd show post the result here. so here goes. I asked my WhatsApp Chat AI for a prediction on a soccer game and it did give me a prediction, I staked it and the result was fantastic. So I guess we can say it does work.
Note: that I am not recommending this to anyone, I only said it worked for me so try it out at your own risk.

[nullama]

~snip~
In the future, AI will help us in various ways so that we can benefit from AI. AI is currently still in the development stage so that it can be even better and can reach a level where it can provide the results desired by humans. However, casinos will not just watch the development of AI but will prepare AI to fight AI too. And later, there will be competition between AI involving casinos and gamblers who want to win. But it looks like casinos will still make the most profits because that is their business. Meanwhile, many gamblers still experience loss because they are not yet able to use AI.

I would argue that AI is already there doing its thing, now in the present.

Sometimes it helps us, and sometimes it helps someone else that wants someone from us.

It's better to learn a bit about all this and be more aware, because things have been changing in this realm for a few years already, now it is mainstream.