How succesful will AI projects be to win the house?

[Nrcewker]

No matter whatever strategy you use, how many AI you integrate, the house always wins in the legacy gambling games. I cannot explain you with a proof, but I am sure many of the gamblers will agree with me. The seeds are designed in a such manner that it’s probably fair, but at the same time it, favours the house. Moreover I don’t like AI managing our money, as at the end of the day, these are robots only. So if any mistake happens, then no one can be kept accountable for it. So I don’t think AIs will be successful in beating the house.

[tusandii]

In the first place, the AI is not accurate, that's why it is called "Artificial" or "Fake". So I doubt the AI will beat the house edge.

If the person who has emotions and own strategy and can see what is happening now has a hard time beating the house edge, unlike AI, it doesn't have it. Especially AI machines are incapable of doing that.

Actually Al could beat the house edge but his chances are still low because after all no one can ever beat the house.
Even if one can make their own strategy and see what's going on it's still no guarantee of winning the house.
Unless luck is on your side, victory is inevitable, because nothing can stop someone's luck except the person himself.
So far only a few people can beat the house and even then it's very rare to even have only 1 or 2 people in a thousand.

[acroman08]

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?

unless an AI can somehow create a strategy that is foolproof and ignores the casino's house edge, I don't think they can. but let's say they did, what I think would happen or the impact it will have on casinos, is casinos will ban the strategy because if they don't, it can ruin their business and possibly the gambling market.

There’s no way to remove or ignore house edge because all gambling games is designed with the rules that will make the house edge. The only way to create a strategy that will ignore it is to use a software to cheat for the result so that you can guarantee win on every bet.

yeah, I know that the only way a "strategy" can ignore house edge is if they cheat. that's why I said, "I don't think they can." to be honest, I think if AI ever created a Strategy for Gambling it would probably just be similar to the already existing strategies out there like how to manage your bankroll, what games you should play etc...

[xSkylarx]

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?

unless an AI can somehow create a strategy that is foolproof and ignores the casino's house edge, I don't think they can. but let's say they did, what I think would happen or the impact it will have on casinos, is casinos will ban the strategy because if they don't, it can ruin their business and possibly the gambling market.

There’s no way to remove or ignore house edge because all gambling games is designed with the rules that will make the house edge. The only way to create a strategy that will ignore it is to use a software to cheat for the result so that you can guarantee win on every bet.

yeah, I know that the only way a "strategy" can ignore house edge is if they cheat. that's why I said, "I don't think they can." to be honest, I think if AI ever created a Strategy for Gambling it would probably just be similar to the already existing strategies out there like how to manage your bankroll, what games you should play etc...

But again, it is impossible to cheat in a casino, mostly if there are no exploits in the casino, so still, it is very difficult. The only thing AI can do is calculate what the probabilities are that what is the best move or, like, what to bet on because they run calculations on it. I think AI can still predict, but that doesn't mean it's 100% true and you can win. They are still basing their decisions on the history or statistics of it to decide who will win or what is the best bet to increase the chances of winning.

[ethereumhunter]

The question is..... Is gambling still fun for many people or do they grind out many hours of gambling with zero profit at all. The house edge is so bad on many of these casinos, that you hardly see any good wins anymore.

I think many people will enjoy it more, if they can find a way to get a little more profit to extend their gambling time. I am not saying that they must find an exploit and then drain all the money in the casinos .... but rather to find a mathematical advantage to increase their win chance, with a good strategy.  

Playing gambling is still fun for people who treat gambling as entertainment. But people who use gambling to make money will try to win using AI and probably spend hours gambling or looking for other sports bets. With the help of AI, they feel that they can win some money and maybe even more money because AI can provide even more information than they can find out on their own.

But surely, there will be people who will experience a lot of losses because the presence of AI can make them feel comfortable in gambling and placing bets. When a person finds comfort, he can spend more time than other people, leading to difficulties later.

By using AI (artificial intelligence ) a gambler can also increase his chances of winning in gambling but since a virtual robot will work here a gambler will never get the full enjoyment of gambling as here AI will act as a third person. But for the person who uses gambling as a source of his income, AI will be very helpful for them. Since AI depends on a program, if a program with good analytics and predictive capabilities is used for it, it will work much better for gambling and will be able to make decisions several times faster than a human.

Maybe it was because they weren't looking for information as they used to before. After all, they had started relying on AI. But the presence of AI can indeed help people to get information, and maybe that information will be more than what they got before.

And the existence of AI will bring changes in the gambling business and maybe there will be many developers who offer this AI technology to gamblers. And from the casino itself will issue AI technology to help casinos continue operating and will not allow gamblers always to win using AI. Obviously, this will make competition in the gambling business even tighter with the presence of AI.

When AI technology is used in gambling then everyone will use this technology as a result of which the casino sites will also bring their more updates due to which even using Ai it will not be possible to win gambling very easily.  As Sportbet is not a part of gambling site and it does not follow any algorithm it is played live on the field and the results are based on that score so by analyzing the previous game Ai can give a gambler a possible prediction in a short period of time. It will be a successful use of AI for gambling

But get that success still needs more time until AI technology can develop as expected. In the meantime, we can continue to use the methods we have done before while waiting for updates from each developer regarding their AI technology. Maybe in a year or two, there will be AI technology that is more advanced than the current one that will be introduced to the public so this will trigger AI for the gambling business to be launched. We cannot imagine how this AI can develop in the future, including if AI is included in the gambling business. It will become more interesting and the gambling business will be tighter because each casino can offer something different, and the developers will provide AI to gamblers.

[coinerer]

The question is..... Is gambling still fun for many people or do they grind out many hours of gambling with zero profit at all. The house edge is so bad on many of these casinos, that you hardly see any good wins anymore.

I think many people will enjoy it more, if they can find a way to get a little more profit to extend their gambling time. I am not saying that they must find an exploit and then drain all the money in the casinos .... but rather to find a mathematical advantage to increase their win chance, with a good strategy.  

Playing gambling is still fun for people who treat gambling as entertainment. But people who use gambling to make money will try to win using AI and probably spend hours gambling or looking for other sports bets. With the help of AI, they feel that they can win some money and maybe even more money because AI can provide even more information than they can find out on their own.

But surely, there will be people who will experience a lot of losses because the presence of AI can make them feel comfortable in gambling and placing bets. When a person finds comfort, he can spend more time than other people, leading to difficulties later.

By using AI (artificial intelligence ) a gambler can also increase his chances of winning in gambling but since a virtual robot will work here a gambler will never get the full enjoyment of gambling as here AI will act as a third person. But for the person who uses gambling as a source of his income, AI will be very helpful for them. Since AI depends on a program, if a program with good analytics and predictive capabilities is used for it, it will work much better for gambling and will be able to make decisions several times faster than a human.

Maybe it was because they weren't looking for information as they used to before. After all, they had started relying on AI. But the presence of AI can indeed help people to get information, and maybe that information will be more than what they got before.

And the existence of AI will bring changes in the gambling business and maybe there will be many developers who offer this AI technology to gamblers. And from the casino itself will issue AI technology to help casinos continue operating and will not allow gamblers always to win using AI. Obviously, this will make competition in the gambling business even tighter with the presence of AI.

When AI technology is used in gambling then everyone will use this technology as a result of which the casino sites will also bring their more updates due to which even using Ai it will not be possible to win gambling very easily.  As Sportbet is not a part of gambling site and it does not follow any algorithm it is played live on the field and the results are based on that score so by analyzing the previous game Ai can give a gambler a possible prediction in a short period of time. It will be a successful use of AI for gambling

But get that success still needs more time until AI technology can develop as expected. In the meantime, we can continue to use the methods we have done before while waiting for updates from each developer regarding their AI technology. Maybe in a year or two, there will be AI technology that is more advanced than the current one that will be introduced to the public so this will trigger AI for the gambling business to be launched. We cannot imagine how this AI can develop in the future, including if AI is included in the gambling business. It will become more interesting and the gambling business will be tighter because each casino can offer something different, and the developers will provide AI to gamblers.

Since the launch of ChatGPT, AI has been the talk for everyone.  And AI is being considered for crypto as well. And now a lot of hype has started about it. And artificial intelligence has gained a lot of popularity among all as a possible technology of the future.  So surely AI will be more advanced in coming days and AI will be used in almost all fields. And it will also be widely used for gambling.  Just as gamblers will use AI, gambling companies will also use AI as an advanced technology on their sites

[Kakmakr]

Ok, so I read through all the posts that was posted in my thread and it seems as though the majority of the people are saying that AI will not be able to "beat the house".

Now, I have to agree with them, because the "house edge" are fixed, so casinos are designed to win, even if AI are used... but what happens if AI found an exploit? (Can the exploit be used to clean the house?)

Casinos are now up against a new challenge to protect their profits, but they can also use AI to "test" their games and also to test their security to prevent any exploits that might be found by the AI and provided to the players. 

[klidex]

Actually Al could beat the house edge but his chances are still low because after all no one can ever beat the house.
Even if one can make their own strategy and see what's going on it's still no guarantee of winning the house.
Unless luck is on your side, victory is inevitable, because nothing can stop someone's luck except the person himself.
So far only a few people can beat the house and even then it's very rare to even have only 1 or 2 people in a thousand.

What do you mean there are few people who can beat the house? Who is it ?
In all my time in gambling I've never come across a gambler who can beat the house, that's impossible.
Or maybe you mean the person you said was just because you got a big win after that you said you could beat the house?
A gambler who gets a big win doesn't mean that it seems like he can beat the house, but look at the numbers he has lost and won to see if they are comparable.
It's funny when you say anyone can beat the house.

[worle1bm]

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.

The results will be based on past events or how the team/players have performed in recent matches so the algorithm will be giving out predictions based on it but the actual results can totally vary because the current performance can be better or worse so can't say AI will give best results in sportsbetting.

[acroman08]

but what happens if AI found an exploit? (Can the exploit be used to clean the house?)

they can't, sooner or later the casino will notice the account and its activity and would most likely flag it for suspicious activity and freeze the account while they conduct their investigation.

Casinos are now up against a new challenge to protect their profits, but they can also use AI to "test" their games and also to test their security to prevent any exploits that might be found by the AI and provided to the players.  

If someone created an AI program to test the casino's games for possible exploitation? yeah, I think they can.

[delfastTions]

they can't, sooner or later the casino will notice the account and its activity and would most likely flag it for suspicious activity and freeze the account while they conduct their investigation.


[quote author=Kakmakr link=topic=5444560.msg61921280#msg61921280 date=1678946803
Casinos are now up against a new challenge to protect their profits, but they can also use AI to "test" their games and also to test their security to prevent any exploits that might be found by the AI and provided to the players. 

If someone created an AI program to test the casino's games for possible exploitation? yeah, I think they can.

It would be strange if such a new modern technology as AI would not gradually penetrate the gambling industry.  It goes without saying that this is the case.  And here are two opposite directions of AI activity.  This includes participation in gambling itself and analysis of big data in order to know for sure that a particular casino uses a provable honesty algorithm. 
This is how I see what AI is for in the gambling industry

[RILWAN]

If ever artificial intelligence become superior to the casino and making steady wining against the house that will be the destruction of most casinos because abusers will exploit that and reck the casino of all their funds.

[Cling18]

If ever artificial intelligence become superior to the casino and making steady winning against the house that will be the destruction of most casinos because abusers will exploit that and reck the casino of all their funds.

They can be helpful in so many ways but they can't still guarantee sure winnings all the time. It is. It is honestly hard to beat the house no matter how effective an AI program is. Lots of people rely on artificial intelligence nowadays but I don't think it will be reliable in the long run unless they would have huge developments to make it more effective in the future. It can be a good guide yet it will be hard for it to beat the house edge for now.

[Finestream]

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.

AI projects has nothing to do with gambling. Yes, it can answer our queries in gambling but it won’t give us guarantees to win in gambling. It’s still on our own luck actually when we gamble, and if we think we can beat the house, that will never happen. The house will never let us win all the time, as gambling is purely designed to put the house as having the most advantage over the gamblers themselves.

[DoublerHunter]

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.

AI projects has nothing to do with gambling. Yes, it can answer our queries in gambling but it won’t give us guarantees to win in gambling. It’s still on our own luck actually when we gamble, and if we think we can beat the house, that will never happen. The house will never let us win all the time, as gambling is purely designed to put the house as having the most advantage over the gamblers themselves.

^That is definitely right, I don't know how AI works in gambling since I did not try it but I think it can assist in providing information and insights related to gambling, but it cannot guarantee a win. For me, gambling was designed for the house to have an advantage, and the odds are never in favor of the gambler. While luck may play a role in some cases, in the long run, the house always wins. It is very risky to approach gambling with caution and never rely on it as a source of income or a solution to financial problems. Instead, just gamble responsibly and within your means.

[rahmad2nd]

AI projects has nothing to do with gambling. Yes, it can answer our queries in gambling but it won’t give us guarantees to win in gambling. It’s still on our own luck actually when we gamble, and if we think we can beat the house, that will never happen. The house will never let us win all the time, as gambling is purely designed to put the house as having the most advantage over the gamblers themselves.

So, I agree. maybe Al can answer our questions about anything, including gambling. in fact, Al is always a hot topic of conversation wherever it is. but in fact, artificial intelligence technology is enabled to help us in facilitating our activities as humans. but again, AI's function was not designed for gambling, not even to beat the house.

Let's just say that Al can be used as a prediction, but every result will not guarantee a win. moreover, if it is intended to predict a football match which in fact football cannot be predicted accurately. because, there are no exact calculations that can predict the outcome of a match. although, based on statistical data though. so either way, it's all down to luck.

[blockman]

A developer might just develop another software to deal with those gamblers that solely rely on AI just to gamble and try to beat the house and its system.
We can't be too optimistic about a technology unless it's being tested and proven that it can beat the house. If someone keeps on beating the house and its system through an AI, the houses aren't dumb and blind not to see and do nothing with it. They'll just reinvest somewhere for it and that gambler can no longer beat them anymore and much worse if it's written on their TOS, that gambler might be banned forever and can't even withdraw the funds he's got stuck in that casino.

[Yatsan]

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.

AI projects has nothing to do with gambling. Yes, it can answer our queries in gambling but it won’t give us guarantees to win in gambling. It’s still on our own luck actually when we gamble, and if we think we can beat the house, that will never happen. The house will never let us win all the time, as gambling is purely designed to put the house as having the most advantage over the gamblers themselves.

The house won't and cannot simply allow players to have something on their advantage to win most of the time 'coz it would be loss on the house's edge. Also, the goal is not to beat the house but to jist win. Even if an individual player win the jackpot, think of how many players are losing and that simply proves that the house will always win. Regarding AI Projects, there's now ay it would be breaching winning bets to help players. And if there are any, the house will make sure that it won't be allowed by blocking the app itself to not be used against them.

AI projects has nothing to do with gambling. Yes, it can answer our queries in gambling but it won’t give us guarantees to win in gambling. It’s still on our own luck actually when we gamble, and if we think we can beat the house, that will never happen. The house will never let us win all the time, as gambling is purely designed to put the house as having the most advantage over the gamblers themselves.

So, I agree. maybe Al can answer our questions about anything, including gambling. in fact, Al is always a hot topic of conversation wherever it is. but in fact, artificial intelligence technology is enabled to help us in facilitating our activities as humans. but again, AI's function was not designed for gambling, not even to beat the house.

Let's just say that Al can be used as a prediction, but every result will not guarantee a win. moreover, if it is intended to predict a football match which in fact football cannot be predicted accurately. because, there are no exact calculations that can predict the outcome of a match. although, based on statistical data though. so either way, it's all down to luck.

Tips from AL projects are just random and with no certainty. The knowledge on these applications are simply limited on its creator and that is an enough reason to say that these AI projects do not know everything in this industry. It is one's luck indeed but it would be better to just rely on your own hunch to lessen the regets when losing.

[paxmao]

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?

Against the house, I do not think so. However there are some cases, in games that are more open and do not have a built-in bias in which the AIs can win against other players. I do not see any problem in letting an AI play poker and learn until it becomes a decent player. It certainly works with chess and dog-fighting with planes in certain situations. We will have to get used to it.

[QueenVera]

I wouldn't say for sure if AI will really do this works and have a working strategy that works forever because one thing I know is that strategies always fails after some time and most times if not basically all the time, the works of an AI is actually programmed by humans and one reason why it seems AI works efficiently is the fact that it maintains a given set of instructions for a long time with any compromise or fail in one factor of consideration of making a pick or predictions.
But actually I've seen friends who do use AI usefully in making great predictions and also make some big winnings and on one or two occasions I've also had the privilege of joining them and I really loved the work it did but just as the joy is there when the winnings come, so will be pains be there when the losses come.