How Technology is Changing Sports Betting

[Beparanf]

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.

Afaik, There’s already machine learning program available on github that being shared publicly. Most of this tools is focus on specific sports such as basketball and football. They use statistics for this bot learn and adapt what’s the best pick on each match considering all the previous stats.

This is machine learning and I’m sure that AI technology is developing such tools for sport betting since there’s a demand for it in case this AI will work. This will be helpful for those people that doesn’t have time to browse sports mews to analyze upcoming matches.

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[Yatsan]

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.

Afaik, There’s already machine learning program available on github that being shared publicly. Most of this tools is focus on specific sports such as basketball and football. They use statistics for this bot learn and adapt what’s the best pick on each match considering all the previous stats.

This is machine learning and I’m sure that AI technology is developing such tools for sport betting since there’s a demand for it in case this AI will work. This will be helpful for those people that doesn’t have time to browse sports mews to analyze upcoming matches.

Programming and developing such thing would be easy on industries involving money.It is a bit not surprising to know that advaancement in technology would also be applicable to gambling. One example of this advancement is how the game changed. If we would go back with the past, games has an original form perhaps with slot machines, dice games, and even with sports betting. As we can see at the present there are now variations of how will a game be gambled such as with parlays, wagers  and the likes. From the platform to the number of sports being included. As in line with tools to come up with a win, for sure gambling sites won't allow it to pass through easily.

[molsewid]

nAfaik, There’s already machine learning program available on github that being shared publicly. Most of this tools is focus on specific sports such as basketball and football. They use statistics for this bot learn and adapt what’s the best pick on each match considering all the previous stats.

This is machine learning and I’m sure that AI technology is developing such tools for sport betting since there’s a demand for it in case this AI will work. This will be helpful for those people that doesn’t have time to browse sports mews to analyze upcoming matches.

Really? that's cool people will not consume time to research and look for more info about the game and that could be easier for us. But then what is the percentage of it being reliable and accurate? Maybe it will still depends, but if people still wants to do the traditional way and want to research first those things then it is fine and okay to do it and to use traditional ways.

[Stepstowealth]

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.

This acceptance makes sense to me. The advancement of gambling from being a must to visit a place to gamble to being able to do it at your comfort has massively increased the number of people who have accepted it as a fun activity. It was discouraging to always have to leave your comfort to gamble, so gambling was ignored, but now with the advancement in technology, sports betting has grown into something you can do from anywhere just with the fairly okay internet connection and a mobile phone. Unfortunately also, the advancement in technology has also increased the number of people that can get addicted to sports betting.

[Dunamisx]

This is machine learning and I’m sure that AI technology is developing such tools for sport betting since there’s a demand for it in case this AI will work. This will be helpful for those people that doesn’t have time to browse sports mews to analyze upcoming matches.

With the use of AI in sport bettings, alot of changes could be seen from the way people gambles and the mode at which they pass through to get this satisfaction in sport bettings because everything will be made simple than before with the use of AI being introduced, gamblers have always been on the expectations of something related to see with sport betting, because it also saves time and stress, though we should not misconcept AI for accuracy in gambling, it's just a precision on how we get more satisfaction when gambling, we loose and win and that remains constant while gambling.

[YOSHIE]

Basically we already understand and often read about sports betting technology which is often discussed by sports betting lovers, of course what we often see is: How Technology is Changing the Sports Betting Landscape., as you said in the thread the first page.

As time goes by and technology develops, plus more and more gamblers and sportsbook lovers are increasing day by day, of course many sportsbook organizations have thoughts about how sports gamblers should have many choices and the way they bet using technology in the world of sports, especially those who bet on various online crypto gambling sites today.

For example: sports betting technologies that are in use these days such as:

* Smarter prediction with AI powered bot method.
* Improved Interface.
* Social Betting
* Improved Odds and Pricing.
* The Rise of Mobile Betting.
* Improved Security.
* Enhanced Interactive Experiences.

Of course, it's all for the sake of good, convenience for the continuation of sports betting, but even though at this time sports betting technology, which is often used by many gambling players, to be honest, for now I prefer to use my own traditional methods, all of that can make me a little safer to do it without anxiety and negative actions, I'm still happy to use it all, rather than technology like the one in the quote above.

[Aikidoka]

~snip~
This is machine learning and I’m sure that AI technology is developing such tools for sport betting since there’s a demand for it in case this AI will work. This will be helpful for those people that doesn’t have time to browse sports mews to analyze upcoming matches.

I mean using AI to gather information about the games you intend to bet on can be helpful but I don't recommend relying purely on AI picks for making your decisions. These picks are primarily based on predictions derived from online data and might not accurately reflect the real life situation. However, they can provide valuable informations related to the games you play especially for beginners in gambling. To be honest, personally I believe that making your own choices and doing your own analysis is a more effective way than depending on AI.

The human brain is far superior to AI in many aspects, so I suggest utilizing your own abilities before considering the use of AI generated recommendations.

[tiCeR]

Basically we already understand and often read about sports betting technology which is often discussed by sports betting lovers, of course what we often see is: How Technology is Changing the Sports Betting Landscape., as you said in the thread the first page.

As time goes by and technology develops, plus more and more gamblers and sportsbook lovers are increasing day by day, of course many sportsbook organizations have thoughts about how sports gamblers should have many choices and the way they bet using technology in the world of sports, especially those who bet on various online crypto gambling sites today.

For example: sports betting technologies that are in use these days such as:

* Smarter prediction with AI powered bot method.
* Improved Interface.
* Social Betting
* Improved Odds and Pricing.
* The Rise of Mobile Betting.
* Improved Security.
* Enhanced Interactive Experiences.

Of course, it's all for the sake of good, convenience for the continuation of sports betting, but even though at this time sports betting technology, which is often used by many gambling players, to be honest, for now I prefer to use my own traditional methods, all of that can make me a little safer to do it without anxiety and negative actions, I'm still happy to use it all, rather than technology like the one in the quote above.

I concur with you and I think the fun about betting often is that it is not about any AI technology we could be using, but about our own intuition and knowledge we gathered over time. Of course if it is all about making money and you are in it and would be willing to use algorithms to tell you what is the best pick under which circumstances, that is a different situation maybe. But those who gamble for fun (they also don't want to lose of course), also do it because the way sometimes is the fun and the goal. Sitting together with some friends, placing some bets and one guy says this will happen and another guy says that will happen.

If I am convinced that an injury has a certain impact on the team and I feel that the favorite might lose the game because of an injury and AI tells me otherwise, I would still go with my own opinion. I think that gambling would become less attractive if everyone only had to punch in some ideas into a calculator and then gets the answers what to pick. I think that the total volume generated through gambling could even decline when algorithms were available that do everything for the gambler. It would also significantly decrease the margins for the providers as everyone would have access to the same technology and come closer to the spot/spread where the betting providers make the money from.

[darkangel11]

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.

The main problem with AI analytics is that both you and the bookie have it, so eventually it will become boring. The bookie will know who's the favorite and know the exact odds, but gamblers will use the same machine to check it and see if it matches. At some point they will even stop doing that and know that if the AI shows 80%, then it must be 80, so all the debates who's favored, if it's worth it to bet on the underdog, will stop and people will just ask the AI and bet money on the winner. There will be no arbitrage too because all bookies will use the same AI. I hope that it won't come to that.

[goldkingcoiner]

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.

I think that technology already exists. As far as to how accurate it is, I have no idea.

But if you think about it logically, if everyone would be using the same Artificial Intelligence tools to get ahead, then does anyone actually gain an advantage? I think the given odds will reflect this. If technology becomes more advanced, the less profitable sport betting will become.

Personally I am not a fan of using AI when it comes to betting or trading. The reason is very simple: AI will never be able to out-do the human mind and furthermore, gambling in such a fashion is absolutely no fun.

[AmoreJaz]

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.

I think that technology already exists. As far as to how accurate it is, I have no idea.

But if you think about it logically, if everyone would be using the same Artificial Intelligence tools to get ahead, then does anyone actually gain an advantage? I think the given odds will reflect this. If technology becomes more advanced, the less profitable sport betting will become.

Personally I am not a fan of using AI when it comes to betting or trading. The reason is very simple: AI will never be able to out-do the human mind and furthermore, gambling in such a fashion is absolutely no fun.

and once AI can give a very high percentage of winning chance, for sure, these bookies will start to change something on their business. remember, they are here to earn income not to lose from their players. but do remember, AI needs to be programmed by humans. so the performance will still depend on how good a person set-up his AI. but if they start seeing that with the aid of AI, they are losing their business, high likely they will shutdown their operations before they are exhausted with funds.

[iv4n]

Technology is changing everything, not just sports betting... but in the end, we are the ones who decide how much "technology" we will let in our activities, in this case, sports betting. I don't bet on sports all the time, I usually place bets when I have time to check some news and I like to see some general statistics, it's a fun process for me... so I doubt that I will change that, I guess I am too old to for that.

I am more into what could be implemented as new games through AI developments not guess part honestly.

Well, on the other side, this can be interesting... I don't think I can imagine an AI interactive gambling game based more on skills than luck. Maybe that can be some improved "Dragon Tales" game. That would be really something.

[BIT-BENDER]

But if you think about it logically, if everyone would be using the same Artificial Intelligence tools to get ahead, then does anyone actually gain an advantage? I think the given odds will reflect this. If technology becomes more advanced, the less profitable sport betting will become.

Personally I am not a fan of using AI when it comes to betting or trading. The reason is very simple: AI will never be able to out-do the human mind and furthermore, gambling in such a fashion is absolutely no fun.

That's when artificial intelligence technology project would try to over do each other. I am not a supporter of this idea because gambling should be a fair game and no one is meant to get ahead of anyone.

And one thing artificial intelligence technology has aimed to do in every sector they go it to make things more advanced technologically and if this enters the sport betting then we may see people giving up on sport betting if they keep losing or it doesn't favor them.

[letteredhub]

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.

Using AI bot to making your bets doesn't mean you won't lose a bet, it's even useless when someone with someone who have no knowledge about sport betting now relying on AI to do the whole chunk of predictions for him because he won't know how well to use it because for AI to give you a good result of something you must have good idea of what you're  using it for.
With the use of AI in gambling and sport betting we perhaps might start having more losses in gambling than we're now having making use of our very human intelligence, as our intelligence can't be limited in any form by the gamblingg/casino house but it can with AI usage.

[Wexnident]

~

I'd say the only real advancement here is AI though? Blockchain is more like on payment methods instead of sports gambling itself, and as for acceptance, it's, well, acceptance. Probably should've added the VAR technology instead, it's been making rounds the past few years and has been used in quite a few big official tournaments already (which I'd probably count separate from AI).

It's a question of these tech being helpful though, I don't think an AI that could make accurate bets exists as of yet, I haven't heard from ChatGPT's plugin (iirc) feature which is what I was expecting to be at the front of AI accessing the internet. VAR is kind of in the middle, Afaik it's had it's own issues but at the same time, they would've stopped using it if it only had issues so I reckon there were some pros with it.

[Frankolala]

Using AI for gambling doesn't guarantee that you will win your bet. Gambling is about luck and when you use an AI not the casino wouldn't want to be cheated and this might lead to ban on your account. Another thing that I have come to realize is that if AI are rampardly used by gamblers,then the casinos might also change their games to use AI from preventing customers from winning most times.

I don't know why we are thinking of cheating in gambling when a professional can do all his research himself and will still come out with a better results than AI. It is when you see gambling as a means of profit that one will think that AI can help make some good profit from gambling but the fact with gambling is that you must loss more than you win either by AI or your reason faculty. Technology is easing human stress.

[Minecache]

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.

Using AI bot to making your bets doesn't mean you won't lose a bet, it's even useless when someone with someone who have no knowledge about sport betting now relying on AI to do the whole chunk of predictions for him because he won't know how well to use it because for AI to give you a good result of something you must have good idea of what you're  using it for.
With the use of AI in gambling and sport betting we perhaps might start having more losses in gambling than we're now having making use of our very human intelligence, as our intelligence can't be limited in any form by the gamblingg/casino house but it can with AI usage.

Agreed, it is crucial to highlight the significance of comprehending the constraints and intricacies involved in employing AI within the realm of sports betting. Undoubtedly, AI possesses the potential to wield substantial analytical capabilities and furnish valuable insights. However, it is imperative to acknowledge that AI does not offer an infallible route to triumph, nor can it supplant the quintessential faculties of human decision-making. Although AI can proffer indispensable perspectives and contribute to the decision-making process, it must not supersede the intelligence and expertise that humans bring to the arena of sports betting. To achieve favorable and gratifying betting experiences, it is prudent to adopt a well-balanced approach that integrates AI-generated insights with human judgment, comprehension, and the practice of responsible gambling.

[Wakate]

Just like trends keep coming and going, I believe more advancement are coming to the world which will make gambling to be more interesting than the way we are seeing it now. People have started trying to exploring the way the gamble making betting to be adventurous for everyone that want to try other ways to bet and make money from.

As advancement keep growing, casinos are making money less gamblers are making money too but many are losing there funds. The loses do not come frequently but once a while without us having the sense that we are losing a lot of money because of our aim of making profits from gambling.

[ralle14]

Using AI for gambling doesn't guarantee that you will win your bet. Gambling is about luck and when you use an AI not the casino wouldn't want to be cheated and this might lead to ban on your account. Another thing that I have come to realize is that if AI are rampardly used by gamblers,then the casinos might also change their games to use AI from preventing customers from winning most times.

I don't know why we are thinking of cheating in gambling when a professional can do all his research himself and will still come out with a better results than AI. It is when you see gambling as a means of profit that one will think that AI can help make some good profit from gambling but the fact with gambling is that you must loss more than you win either by AI or your reason faculty. Technology is easing human stress.

It shouldn't count as cheating when it's more or less a convenient tool for gamblers because you can't expect most gamblers to have a lot of time on their hands.

It's unlikely that gamblers will get banned for using AI since you've mentioned there's still luck in gambling. If their AI is that good and effective, then it's only a matter of time until the sportsbook finds out about their unusual winning record and gives them the lowest betting limit.

[Nrcewker]

AIs definitely have an upper hand in each aspect. But the perfection is required can only be achieved when there is human interaction in the work. Tech really enhances the user experience. But at the end of the day, gambling is followed in a traditional manner, like it was used to be before only. I don’t see any drastic change in the gambling industry due to the technology. Rather technology have just made the betting more fair.