How succesful will AI projects be to win the house?

[Kakmakr]

We are seeing more and more projects that are almost 100% built on Artificial Intelligence, like ChatGPT. Here are a few experiments that are linked between ChatGPT and gambling....

https://www.youtube.com/watch?v=IDthta5sUGQ

https://www.youtube.com/watch?v=xw3pc-47weg

https://www.youtube.com/watch?v=fYegYNkwjR0

https://www.youtube.com/watch?v=tlFrI6cLD0E

Do you think AI will be more successful to get a working gambling strategy to win the house... and if they do, what will be the impact on casinos?

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[Oshosondy]

In the long run, you can not win the house. The chance you can be lucky and win big to become rich will always be less than 1% while in long time, the house will always be the winner.

Just as it has been advised several times, gamble for just fun.

[Nwada001]

Do you think AI will be more successful to get a working gambling strategy to win the house... and if they do, what will be the impact on casinos?

When one wants to predict a game, you go through previous games how they play and there score and the qualify/skill of the club to the best of your knowledge, from there you can be able to make your decision about who is to be your winner or not, which will not be the same with other's production.  I believe these AI are built using the same idea, but since they are machines, they will be more calculative than humans, but they won't give 100% accuracy to all games, just as humans predict sometimes correctly and sometimes incorrectly. 

If anything makes this proposed project work successfully, then the casino's businesses will all be shut down for good. Everyone will want to use the AI to predict and win, and when there is no losing, the casino won't have anything to keep them going since they are likely profit-oriented businesses. 

[Ojima-ojo]

The use of artificial intelligence (AI) have really changed the way things works lately even though some aspect of our life and work doesn't permit it usage, but if allow in gambling it should be a great deal and if it can win against the house it will be a great tool for player to win against the house.

But even at that since AI work based on scripts what happens if the AI programming becomes insolent because of constant upgrade from casino, or AI usage on casino become illegal and term as an abuse against the casino.

[AHOYBRAUSE]

AI is also just based on math and mathematically you cannot beat the house. Not if the house edge is against you.
Only games that are beatable are blackjack and maybe others where you can turn the % in your favour.


AI certainly can help you to minimize your losses by optimizing a strategy but winning is pretty much impossible I would say.

There is no perfect way to beat odds that are stacked against you, only luck can help.

[Daltonik]

A bot that makes sports betting predictions, according to the author of the first video, it seems to me that it may well be a useful tool that makes it easier for players to bet on a possible winner, because not everyone is deeply immersed in the events of different sports and an extra analysis will always be useful.

[piebeyb]

AI artificial intelligence actually helps a lot in any case but if it is used to play casino and test it I don't think it will be possible to win against the house, after all all casinos must have overcome that, so there is no chance to win against the house all wins are based on luck after all I only play to have fun so no need to use this technology to play casino. not sure it will be full 100% success  

[coinerer]

-snip-

While AI performs well in all areas, I am still not sure that it will perform very well in gambling.  However, since it is a robot, if it has good functions, it must be able to make an analysis and make a decision several times faster than a human. So if AI is developed further and AI is made for gambling it will definitely work well. But with the popularity Ai is gaining, i think Ai will be used as a major tool for gambling in the future

[robelneo]

We are seeing more and more projects that are almost 100% built on Artificial Intelligence, like ChatGPT. Here are a few experiments that are linked between ChatGPT and gambling....

https://www.youtube.com/watch?v=IDthta5sUGQ

Do you think AI will be more successful to get a working gambling strategy to win the house... and if they do, what will be the impact on casinos?

There is that probability, based on this video it's like fast-tracking the best gambling strategy that you can come out with so instead of experimenting and coming out with results based on trial and error you can actually come out but when it comes to implementation, it's up to you how you trust the method you created based on ChatGpt.
Even though the video creator gives us a glimpse of a very good model on how to win in sports betting he still put this disclaimer because he knows that there is no perfect gambling strategy, everything is a probability, so take your risk if you are ok with it.
 

First, a disclaimer - Do NOT invest any money in any type of sports betting bot or algorithmic engine that you are not willing to lose. I gave this sports betting bot money because I was willing to lose money to make a great video for my AI Wizards out there.

[Eureka_07]

<snip>

As much as I want to believe that house can be beaten in the long run, I still cannot convince my self that it will. There is chance of course, but since the results are always random, plus the odds are always against the player, the result is still based on luck, perhaps cannot be calculated.  From that, I am more into believing that house will never lose from bots... But who knows what lies in the future...

[goaldigger]

Do you think AI will be more successful to get a working gambling strategy to win the house... and if they do, what will be the impact on casinos?

Casinos will not allow this to happen, or else they will be bankrupt.
I'm thinkin though that they are already working with the AI for their own benefit, most probably on looking for a cheater automatically and you'll get ban right away. So don't ever think that technologies will stop the house from winning, because they are more advance compare to the ordinary gamblers and they already know what to do counter such development with AI technology.

[len01]

for now I see a lot of gamblers out there discussing ChatGPT and they also discuss strategies for using ChatGPT. but anyway, no matter how good our strategy is and in whatever way we do it for victory against the house, it will be in vain. because we in gambling will only always lose, we can't go against the house.

impact on gambling or casinos, seems to be non-existent. because the casino has better intelligence for its win against gamblers. even though ChatGPT is very smart, it will not be able to make us always win.

[YOSHIE]

Do you think AI will be more successful to get a working gambling strategy to win the house... and if they do, what will be the impact on casinos?

ChatGPT The system in the AI ​​method is specifically designed for debriefing between humans and robots, you can't get perfect answers from Al to your questions, especially about betting in online casinos, if you use the AI ​​method to gamble, I believe 100% sure you will lose and be disappointed.

ChatGPT can only answer what has happened, if you ask, AI cannot answer something that has never happened, if he answers it is all nonsense you cannot be guided by AI projects to gamble.

I once tried to ask about football between the Arsenal v Sporting teams yesterday, Al said Arsenal won with a score of 2-0, the facts on the field the result was 2-2, this is a sign that ChatGPT is damaged in guessing and gambling, so don't rely on ChatGPT for gambling, do it yourself with the experience you have.

[Odusko]

This project is not possible AI are not human but bots are designed for a specific purpose and they can not work outside it environment of programming, gambling has to do with statistical analysis of events and competition bringing in place some relevant factors that aid your decision.
I bet you that you will have 99% failure in performance and accuracy for the bot, so you see, it is a lose-lose situation for anyone using them.

[Wexnident]

Do you think AI will be more successful to get a working gambling strategy to win the house... and if they do, what will be the impact on casinos?

It's technically just numbers crunched down to the possible limit with certain algs used I think. It wouldn't be a guaranteed prediction, but it CAN at least imagine a scenario of who's winning against who based on said numbers. There are also matches that show more probability or heavily favor one side, so making a prediction through that much is easily doable for AI's as well. It can be successful imo, but it can also fail since sports isn't exactly just a straight-up yes/no type of game, things like comebacks, dark horses, and whatnot exist which is what makes watching sports enjoyable in the first place, and AI can't (at least for now) exactly add those kinds of factors in its prediction.

And to add, I don't think if ChatGPT has fixed it yet but it has that tendency to explain stuff in a way that looks "correct", but really isn't in some cases afaik.

[maydna]

I don't know yet, but there is a possibility that AI can be more successful at coming up with betting strategies because AI can collect all the information on the internet faster. And it can also help us analyze the results that AI gets even though AI can directly provide the percentage of success.

But we can't just accept the results of AI because we have to analyze them further. And the impact for the casino may be that they can experience losses, especially if there are many gamblers who can win a lot of money. But I don't think casinos will sit idly by and watch AI develop because casinos must have ways so that AI can't work optimally.

[Crypt0Gore]

AI can't win against something that's created to make you lose, it is in the system of gambling casinos, this is why gambling should be play for the fun of it, also it is better to use little amount of money for exchange of this fun, you will only win when you least expected and if all you are using so far is what you can afford to lose, there is nothing to worry about, it's either you lose that little amount of money and have fun or you win once in a while and still have fun.

A gambler only lose himself when he used the amount he is not prepared to lose.  

[TimeTeller]

Do you think AI will be more successful to get a working gambling strategy to win the house... and if they do, what will be the impact on casinos?

It's technically just numbers crunched down to the possible limit with certain algs used I think. It wouldn't be a guaranteed prediction, but it CAN at least imagine a scenario of who's winning against who based on said numbers. There are also matches that show more probability or heavily favor one side, so making a prediction through that much is easily doable for AI's as well. It can be successful imo, but it can also fail since sports isn't exactly just a straight-up yes/no type of game, things like comebacks, dark horses, and whatnot exist which is what makes watching sports enjoyable in the first place, and AI can't (at least for now) exactly add those kinds of factors in its prediction.

And to add, I don't think if ChatGPT has fixed it yet but it has that tendency to explain stuff in a way that looks "correct", but really isn't in some cases afaik.

AI has certain limitations when it comes to predicting sports events.
Other factors such as players' injuries, environmental conditions, or strategies may not be incorporated in their system.
If AI is giving the advantage to its players, these casinos and bookies may have already stop its operations due to possible bankruptcy.
But I believe, it is still far from happening as this AI system can only work to some extent, they maybe can predict but it depends on the database they have.
For now, it is not a threat yet to these gambling sites. The sites themselves will worry if they start seeing casinos going down owed to AI winnings.

[Gozie51]

As much we can try to win the house with Al by creating whatever bots to do that we can't have a satisfying win all round at every gamble we make. Gamble is a lucky based fun game and nothing beyond that, you win today, you lose more tomorrow and the circle returns to someone else. I watched some of the YouTube links you sent but they are all talking of bots and when talking about gambling, bots don't have that high performance to win against the house. Regarding to football gambling, how will the ChatGPT react to emotional challenges of players that would affect their performance on the field because even football commentators and analyse on television do make reference to all that and how it relates to their performance.

[Coin_trader]

In theory using an AI is good to remove human error and emotion on your bets to minimize risk of losing nut I don’t see the sense of using it on gambling because all gambling games is based on luck while using AI doesn’t increase your winning chance rate but just decrease your chance of error due to emotion. Also using an AI defeats the purpose of you playing gambling which is for a source of fun.

There’s no AI can defeat a house unless somehow they can analyze the algorithm of the casino for giving a result then this is a possible concept.