How Technology is Changing Sports Betting

[Silberman]

I was just wondering how cool it would be when an AI would do the data analysis work. Imagine it analyzing the data and picking up the best odd for a bettor. There is a possibility that an AI could outrun a human being in those spaces and they might excel in it. But, we cannot ignore the fact that a sportsbook won't work on improving their side. Eventually, they would catch up pretty quickly and would limit a bettor's profit from an AI. Do not forget they are once who are known to adopt new and innovative technology first than any other industry. So to an extent AI betting would help the bettor but it wont last in the long run.

It is doubtful that gamblers will ever get an edge over the casino using an AI, and this is because an AI depends on the data that is given and your expertise in order to produce the results that you want, and in that respect casinos are above gamblers, they have all the data they may wish and they can hire the best experts to combat any strategy players may come up with, so those dreams that gamblers have of using an AI in this way are likely to remain just dreams.

[1715167720]

1715167720

[GigaBit]

I don't know about you all, but I am still quite skeptical on the benefits Artifical inteligence could have in the world of sport betting, because if we talk about the use of AI to predict outcomes, I doubt they would have much of an advantage and even if there is an actual advantage, if most of people learn how to use and have access to such technology, then all of us would have the chance to exploit it and betting would lose the uncertainty which makes it attractive and profitable for those who manage to get the results right.

A situation like that would make the odds to look very unbalanced, in short, it would break sport betting.
Though, I am counting on AI not being so precise.

You're right because the introduction of AI to gambling does not guarantee a 100% success in gambling it might only increase one's performance or reduce much loss but the chances of losing is still their, currently there is not technology or  strategy that guarantees regular success in gambling it a game of both luck and skills combined and I think any years that a successful strategy is discovered then that is the end of gambling, many businesses would close down because alot of individuals if not all would want to use that strategy and it would lead to bankruptcy therefore for this not to occur the casino owners would try as much as possible to secure their business against all odds or strategies that would lead to loss money or close down completely

Someone can get advantages using AI which cannot be achieved manually for human being. But we can say that using AI there is no 100% guaranteed success in gambling and it doesn't seem like it will ever happen. Because no one can predict future. But there is no doubt that this AI will give you more support. Those who run casino and those who play casino both will take the advantages of the use of AI. It is not that one side will take more advantage and the others side will not get.

[blockman]

While there could be a big change for betting in sports through AI. I just want to go with the traditional one which I prefer since I'm used to it. Maybe sooner or later the changes through AI in all of its forms including gambling will also be adopted eventually. But I just can't feel it right now because I'm all for the typical setup that we're having. Maybe, just like in chatbox where there's an AI and you want to cast a bet and that's it. It will be recorded automatically and you'll be able to cast bets with simple types of words. That's how it is going to change but then, as long as there's not that much demand on it and there's more with the former, that doesn't hurt the people like me that still prefers the older system.

[Westinhome]

While there could be a big change for betting in sports through AI. I just want to go with the traditional one which I prefer since I'm used to it. Maybe sooner or later the changes through AI in all of its forms including gambling will also be adopted eventually. But I just can't feel it right now because I'm all for the typical setup that we're having. Maybe, just like in chatbox where there's an AI and you want to cast a bet and that's it. It will be recorded automatically and you'll be able to cast bets with simple types of words. That's how it is going to change but then, as long as there's not that much demand on it and there's more with the former, that doesn't hurt the people like me that still prefers the older system.

Some people involve in the sports bet using AI,AI was taking the place of all the domain.So it like the virus attacking all the field.At the first the AI was used in the way of IT sector to automate all the man doing activities like the report generation for certain task.Many team in IT was not automated with many bots and AI for the man activities.When you use the AI for the bet,it will analysis the entire old data of the player using the google.So the possibilities of getting profit from the sports bet is high by using the AI.

[Casdinyard]

Sports betting AI

We add a question mark to number two. Eventually, AI will get so advanced that an artificial intelligence program should allow sports bettors to quickly identify bets with the highest probabilities of scoring wins.

Ah, but what’s good for the sports bettor is good for the sportsbook. Sportsbooks won’t ever shut down wagers on AI driven bets one-hundred percent, but they may request a larger vig, more juice, to place bets on AI driven options.

So AI driven options may present a double-edged sword. All advancements in all technology isn’t always the best thing. Sharpening your handicapping skills will always be the best option to finding winning wagers because AI will never develop sports betting intuition.

Advancements in sports betting acceptance

Acceptance isn’t exactly a technological advancement. But it qualifies for this list because it’s a major advancement in online sports betting.

U.S.-based organizations like DraftKings and BetMGM have opened the door for sports betting as a viable, accepted, form of entertainment. However, organizations like DraftKings and BetMGM are running traditional operations, meaning they are as centralized as a brick and mortar Vegas sportsbook.

To get true decentralization, to have the power of a sports handicapper in your hands, you must use a bitcoin and blockchain sportsbook.

I was just wondering how cool it would be when an AI would do the data analysis work. Imagine it analyzing the data and picking up the best odd for a bettor. There is a possibility that an AI could outrun a human being in those spaces and they might excel in it. But, we cannot ignore the fact that a sportsbook won't work on improving their side. Eventually, they would catch up pretty quickly and would limit a bettor's profit from an AI. Do not forget they are once who are known to adopt new and innovative technology first than any other industry. So to an extent AI betting would help the bettor but it wont last in the long run.

It would be cool. But judging how complex a simple game of football is in variation and probability, predicting a game's outcome through AI will take lightyears of paperwork before you even come up with a workable algorithm. While the process of winning in a football match is linear, the process of getting into it is what makes it a little complex. Same goes with any form of team sport with a point system, and casual individual sports with points basis as well. Determining who's got more chances of winning is a little difficult for AI to do so. We could make these predictions since not only do we use a crude form of prediction which doesn't really get anywhere, we're at the same time able to process these eventualities and account for them with pinpoint accuracy.

[Hispo]

While there could be a big change for betting in sports through AI. I just want to go with the traditional one which I prefer since I'm used to it. Maybe sooner or later the changes through AI in all of its forms including gambling will also be adopted eventually. But I just can't feel it right now because I'm all for the typical setup that we're having. Maybe, just like in chatbox where there's an AI and you want to cast a bet and that's it. It will be recorded automatically and you'll be able to cast bets with simple types of words. That's how it is going to change but then, as long as there's not that much demand on it and there's more with the former, that doesn't hurt the people like me that still prefers the older system.

It is very unlikely a new AI powered system would be implemented and adopted to the point of replacing what we consider to be the "classic one". It would take casinos and betting providers to come up with new forms of engaging on their markets which have never been seen before, basically an overhaul of the concept of betting.

I personally think the role of Artificial intelligence within Sport betting will stay only as a personal assistant for people setting bets and also as a tool to try to predict outcomes or the percentage of chance of an specific outcome, by analyzing much data in real time. Though, I think we are still very far from reaching that point and I doubt of the grade of accuracy those tools will have to predict stuff going on in the real world, like a football match or a political election.

As it stands AI has become more a curiosity used to generate suggestive art for free on the internet.

[tiCeR]

While there could be a big change for betting in sports through AI. I just want to go with the traditional one which I prefer since I'm used to it. Maybe sooner or later the changes through AI in all of its forms including gambling will also be adopted eventually. But I just can't feel it right now because I'm all for the typical setup that we're having. Maybe, just like in chatbox where there's an AI and you want to cast a bet and that's it. It will be recorded automatically and you'll be able to cast bets with simple types of words. That's how it is going to change but then, as long as there's not that much demand on it and there's more with the former, that doesn't hurt the people like me that still prefers the older system.

It is very unlikely a new AI powered system would be implemented and adopted to the point of replacing what we consider to be the "classic one". It would take casinos and betting providers to come up with new forms of engaging on their markets which have never been seen before, basically an overhaul of the concept of betting.

I personally think the role of Artificial intelligence within Sport betting will stay only as a personal assistant for people setting bets and also as a tool to try to predict outcomes or the percentage of chance of an specific outcome, by analyzing much data in real time. Though, I think we are still very far from reaching that point and I doubt of the grade of accuracy those tools will have to predict stuff going on in the real world, like a football match or a political election.

As it stands AI has become more a curiosity used to generate suggestive art for free on the internet.

It is of course worth thinking about what could change in the near future. Or maybe it will still take some time until we as the users of the platforms experience some fundamental changes as to how we gamble or what the screen could be looking like, but most of the technological innovation could also happen on the providers' end without sharing the new insights and technologies with the users. For instance, if they found a way to analyze data sets better than the average bettor and they also understand how to use AI to their own benefit, I think that the industry would for as long as they can keep those secrets to themselves and exploit the advantage over the user for themselves.

These casinos are all about profitability and when an industry is profitable, it is quite normal that they also become lethargic in regards to innovation. So far I haven't seen that casinos in the online area are threatened by any new technology from any innovative casino. If that was the case, all casinos would put effort and resources into advanced technologies themselves, but if their cashflow remains as it is, which is significantly positive, I don't think that we will see any significant changes being made to the user experience if it is not necessary from a business point of view.

[goaldigger]

While there could be a big change for betting in sports through AI. I just want to go with the traditional one which I prefer since I'm used to it. Maybe sooner or later the changes through AI in all of its forms including gambling will also be adopted eventually. But I just can't feel it right now because I'm all for the typical setup that we're having. Maybe, just like in chatbox where there's an AI and you want to cast a bet and that's it. It will be recorded automatically and you'll be able to cast bets with simple types of words. That's how it is going to change but then, as long as there's not that much demand on it and there's more with the former, that doesn't hurt the people like me that still prefers the older system.

AI will still be improve and soon it will be a big help to gambling industry and let’s just hope that AI will be use the right way. Betting the old way is still a good one and there’s no need to update it but since technology is still growing, we should also adopt so we will not be left behind. Casinos have to introduce new feature as well so they remain competitive, the competition between those casinos are also growing.

[TimeTeller]

While there could be a big change for betting in sports through AI. I just want to go with the traditional one which I prefer since I'm used to it. Maybe sooner or later the changes through AI in all of its forms including gambling will also be adopted eventually. But I just can't feel it right now because I'm all for the typical setup that we're having. Maybe, just like in chatbox where there's an AI and you want to cast a bet and that's it. It will be recorded automatically and you'll be able to cast bets with simple types of words. That's how it is going to change but then, as long as there's not that much demand on it and there's more with the former, that doesn't hurt the people like me that still prefers the older system.

AI will still be improve and soon it will be a big help to gambling industry and let’s just hope that AI will be use the right way. Betting the old way is still a good one and there’s no need to update it but since technology is still growing, we should also adopt so we will not be left behind. Casinos have to introduce new feature as well so they remain competitive, the competition between those casinos are also growing.

The evolvement of technology is inevitable, so these business owners are also trying to catch up with the current technology.
What I like about the sportsbetting scene is that owed to crypto online sportsbooks, I can bet anytime, anywhere I want.
Also, you don't need big amount of money just to place your bet. Some online bookies even accept a $1 bet.
Before, with traditional bookies, you would be ashamed if you will only place bet using 5-10 bucks.
But today, with these crypto bookies, they have very low min amount that you can use to place a bet, and very convenient to check all the betting lines available.

[Aanuoluwatofunmi]

To get true decentralization, to have the power of a sports handicapper in your hands, you must use a bitcoin and blockchain sportsbook.

Making use of a blockchain sportbook in gambling is one of the best decision to make while having adequate gambling experience especially for the lovers of sports bettings, everything with this technology had been made simplified with the blockchain technology because it had been improvised with better experience, let's try to make the best use of this technology with cryptocurrency to have the most amazing fantasy with sport betting through a decentralized network.

[Ulven]

I don't get why a lot of people are really amazed on how AIs can do things. Without human touch and input, AIs will not function to a human's liking and would be more of a liability than a tool. In sports betting, those who are versed in the game are more likely to do better decision-making than an AI who can only crunch numbers that is fed on to it by a human or another machine. AIs can do a lot of cool things in terms of automated betting, but I wouldn't depend on it 100% to bet on my behalf in sports.

Your viewpoint is one that I share. It's important to keep in mind that while AI can accomplish some amazing things, it still requires human direction and data input in order to work properly. AI, which mostly processes data it is provided, is typically outperformed by human skill and intuition in decision-making in industries like sports betting. Even though automated systems might be helpful tools, relying only on them might not produce the greatest results, especially in complicated circumstances where contextual awareness is important.

[Slow death]

It is true that technology has evolved a lot to the point that today online casinos have better looks and functions that make life much easier for bettors and players, but there are many challenges that casinos are very far from being able to overcome, for example in terms of customer service. to support, even today it takes a long time for casinos to solve people's problems, the fact that online casinos don't have at least a physical office in the real world is another big headache for people when they have problems, casinos don't have it either licenses coming from first world countries, that's because in these first world countries the toughest rules for gambling

online casinos are also unable to pay for the rights to broadcast live games of the main soccer leagues, which is very bad because if a person wants to place live bets on games from the main leagues, that person needs to watch the games on tv or internet and live at the same time being at the online casino to be able to place a bet, this is a big headache, I don't know in what year we will see all online casinos or at least most online casinos being able to broadcast live the games of the main leagues, I only see them broadcasting the Bundesliga and NBA and Tennis games and other small leagues

now talking about AI, honestly even though it's a good thing and it's in great progress, I still ask myself the following: a person with 5 years of experience as a sports bettor, this person always takes some time to analyze the games he will bet on , but after a while he starts using the AI to predict the results of the games, could this person still be called a professional bettor when he now uses the AI and no longer analyzes the games himself?

[dothebeats]

I don't get why a lot of people are really amazed on how AIs can do things. Without human touch and input, AIs will not function to a human's liking and would be more of a liability than a tool. In sports betting, those who are versed in the game are more likely to do better decision-making than an AI who can only crunch numbers that is fed on to it by a human or another machine. AIs can do a lot of cool things in terms of automated betting, but I wouldn't depend on it 100% to bet on my behalf in sports.

Your viewpoint is one that I share. It's important to keep in mind that while AI can accomplish some amazing things, it still requires human direction and data input in order to work properly. AI, which mostly processes data it is provided, is typically outperformed by human skill and intuition in decision-making in industries like sports betting. Even though automated systems might be helpful tools, relying only on them might not produce the greatest results, especially in complicated circumstances where contextual awareness is important.

I've seen automated machines and software fail their simple tasks in time. What's the difference of that with automated betting machines? Even scripts with simple instructions break over time when they encounter something that is not within their instruction set or parameters. AIs are great tools when combined with human touch. Until then, I'd stick to manual betting, or if I use an AI or something automated, I'll get on top of it and make sure that everything runs as I expect it to be.

[ralle14]

I was just wondering how cool it would be when an AI would do the data analysis work. Imagine it analyzing the data and picking up the best odd for a bettor. There is a possibility that an AI could outrun a human being in those spaces and they might excel in it. But, we cannot ignore the fact that a sportsbook won't work on improving their side. Eventually, they would catch up pretty quickly and would limit a bettor's profit from an AI. Do not forget they are once who are known to adopt new and innovative technology first than any other industry. So to an extent AI betting would help the bettor but it wont last in the long run.

That reminds me of the betting models that sports bettors use for experiments and testing. I remember tailing a few models with good records and the bad ones became a fading tool for the other bettors.

Ah, but what’s good for the sports bettor is good for the sportsbook. Sportsbooks won’t ever shut down wagers on AI driven bets one-hundred percent, but they may request a larger vig, more juice, to place bets on AI driven options.

Or increase the juice on specific markets because I doubt it'd be easy for most sportsbooks to find all those AI bets.

[Pierre 2]

I am more into what could be implemented as new games through AI developments not guess part honestly. Currently we are wagering on same traditional games. But with highly developed AI, there could new games where you interact more with ai especially in live betting. AI may measure more data on pitch (speaking about football) that gambling companies may use. Advancement with ai will change a lot.

[Rruchi man]

Sports betting AI

I expected to see Sports betting AI as I went through the write-up, because AI application in different fields is a part of what is new and trending.

Because it is a trending technology that is mind blowing to most, and has shown some kind of accuracy according to programing, many people consider them to be faultless. There is an extent to which the each AI technology can function, they are not limitless.

In the area of Sports betting, for the outcome of some sports or games which is a future occurrence that defies whatever statistics sometimes, AI technology will never be able to make 100% accurate predictions for use by sport bettors to place bets. It will only be able to show you the likely outcome.

[swogerino]

I don't want to ruin all that enthusiasm I don't see only here but also in professional social media like Linkedin,everybody is talking about how AI will change things and I find it funny because no matter how much advanced that AI becomes it is still fed by our data,the data we put into search engines and similar things,so it will remain a virtual assistant,a powerful virtual assistant,just that though a virtual assistant.

I have tried to ask ChatGPT of which bets of today games is the most high likely to win and it did not answer me telling me that I should read different things as I can't help predicting future outcomes,this for me says enough.

[maydna]

I am more into what could be implemented as new games through AI developments not guess part honestly. Currently we are wagering on same traditional games. But with highly developed AI, there could new games where you interact more with ai especially in live betting. AI may measure more data on pitch (speaking about football) that gambling companies may use. Advancement with ai will change a lot.

There will be new games that will implement AI into the game to attract people and make them curious. And gambling games in the future may be different from what we play today. And if that happens, maybe our generation will miss the types of gambling games that we often play today. But for sports betting, AI can easily collect the necessary data so we can analyze it by combining these data. And using these data might increase our chances of choosing a team with a greater chance of winning.

[qwertyup23]

I was just wondering how cool it would be when an AI would do the data analysis work. Imagine it analyzing the data and picking up the best odd for a bettor. There is a possibility that an AI could outrun a human being in those spaces and they might excel in it. But, we cannot ignore the fact that a sportsbook won't work on improving their side. Eventually, they would catch up pretty quickly and would limit a bettor's profit from an AI. Do not forget they are once who are known to adopt new and innovative technology first than any other industry. So to an extent AI betting would help the bettor but it wont last in the long run.

It is doubtful that gamblers will ever get an edge over the casino using an AI, and this is because an AI depends on the data that is given and your expertise in order to produce the results that you want, and in that respect casinos are above gamblers, they have all the data they may wish and they can hire the best experts to combat any strategy players may come up with, so those dreams that gamblers have of using an AI in this way are likely to remain just dreams.

Like what I previously mentioned, using AI in order to determine which odds are greater should be used as a supportive tool only.

AIs are created in order to be a supplement on what humans could achieve on their own. If you base purely your decisions on the predicted outcome of an AI, then you would run on the risk of losing at the end. At the end of the day, AIs can only do as much as gathering data and predicting outcomes but the ultimate decision still comes with you. There still remains a human aspect on outcomes and matches in sports-betting.

In conclusion, sure- AI can definitely help you decide on which team to choose but this should not be used primarily as your main and deciding tool for every game.

[abel1337]

I am more into what could be implemented as new games through AI developments not guess part honestly. Currently we are wagering on same traditional games. But with highly developed AI, there could new games where you interact more with ai especially in live betting. AI may measure more data on pitch (speaking about football) that gambling companies may use. Advancement with ai will change a lot.

There will be new games that will implement AI into the game to attract people and make them curious. And gambling games in the future may be different from what we play today. And if that happens, maybe our generation will miss the types of gambling games that we often play today. But for sports betting, AI can easily collect the necessary data so we can analyze it by combining these data. And using these data might increase our chances of choosing a team with a greater chance of winning.

Yep that's true. There's a chance that AI that is focus in sports betting is now being develop by someone. It will be an easy money for the developer if it happen that he develop a high accuracy one. Though making an AI a smart one is not easy as it need to be constantly trained and feed by data. Also, I don't know if casino's will be against this knowing that they won't suffer that much losses in sports betting compared to the casino games they are offering. Sooner or later, we will see how AI will dominate gambling in the future.