How Technology is Changing Sports Betting

[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.

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.

Isnt it strange they waited so long to achieve this in public sphere? I guess they wanted machine learning programs to be extremely cheap cost and profitable. Currently it happened I suppose. And yeah when I compare then to now we developed many different sports betting games thanks to computers and internet. AI will create new ones for sure only if people who knows what to do work with it. Professionals should definitely look towards it.

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[Davidvictorson]

Top 4 Technological Advancements for Sports Betting

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.

AI in sports betting will leave no room for personal improvement of the gambler. For example, an individual is able to make their review and analysis they lose a bets. In their next bet, they would have learned a lesson and made improvements. This is not so with AI if you lost a bet using AI's prediction, how would you know what went wrong? That is one of the limitations with using AI. Another limitation is AI needs to be trained and retrained with new data and its model needs to be improved upon. Well this is not the case as we are still in the early stages where it cannot training itself on the go, using it for sports betting will see a lot of outdate information and inaccuracies. Therefore, I encourage anyone using AI for sports betting to do so with caution due to its effectiveness. I will always pick personal experience and a solid betting strategy over AI sports bet predictions.

[Strongkored]

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.

AI so far has only processed data available online and that gives bettors an idea of how matches between the two clubs went in past matches, so bettors really have to do their own analysis using the data displayed.
So so far it hasn't had much of an impact on sports betting, maybe as the developers continue to develop this technology it gets better, but I'm pretty sure it won't help much for bettors to be able to win bets because if such technology exists then all the bookmakers will experience a loss, so the prediction will still be a prediction whose results can be different.

[borovichok]

AI so far has only processed data available online and that gives bettors an idea of how matches between the two clubs went in past matches, so bettors really have to do their own analysis using the data displayed.
So so far it hasn't had much of an impact on sports betting, maybe as the developers continue to develop this technology it gets better, but I'm pretty sure it won't help much for bettors to be able to win bets because if such technology exists then all the bookmakers will experience a loss, so the prediction will still be a prediction whose results can be different.

Tech have currently influenced the way we do things in gambling, changing entirely everything, good way to reduce stress. Only our predictions doesn't stand a chance, rather we ought to stick to the new tech that's absolutely running smoothly. Al is the present tech that have done more work than the human brains it provides the essential information needed and gives us good opinions on what to expect in the game. Most of us remain reluctant and depend on mostly on it for game analysis, we barely even carry out any work by ourselves.

[danherbias07]

Just the ease of access is already a big leap for me. It means I don't need to go thru traffic or ride a plane just to go to a casino, I just need my computer and internet, and better, smartphones can also access it.
With the addition of cryptocurrencies being injected into gambling sites and sports betting websites, it completes the ease of making a bet. Bringing cash online means paying up the middleman to do it, or the bank could restrict you with so much trouble. But with cryptocurrencies, all we need is an exchange and then we can also bet at the smallest portion if we are just doing it for fun.
But that's a good point OP. It really is a big difference now when you think about it. The AI also helps by pointing you in the right direction of your bet history.

[flyingcarpet]

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.

AI so far has only processed data available online and that gives bettors an idea of how matches between the two clubs went in past matches, so bettors really have to do their own analysis using the data displayed.
So so far it hasn't had much of an impact on sports betting, maybe as the developers continue to develop this technology it gets better, but I'm pretty sure it won't help much for bettors to be able to win bets because if such technology exists then all the bookmakers will experience a loss, so the prediction will still be a prediction whose results can be different.

AI can give us an idea by analyzing data, but betting-related data cannot tell us exactly what will happen. The presence of the human factor in sports shows us that the same results will not always happen. For example, a soccer player cannot always score in the same position. A player may have scored in the previous 5 positions, but there is no guarantee that he will score in the 6th position. AI tells us that the probability is high, but there is no guarantee that it will happen again.

The data only gives us an idea. The data cannot tell us what will happen. It is up to us to trust and believe this data. When it comes to sports betting, I don't exchange opinions with AI. For most sports, data is actively being processed and it already gives us data. We can look at that and form our own opinion.

[tusandii]

Top 4 Technological Advancements for Sports Betting

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.

AI in sports betting will leave no room for personal improvement of the gambler. For example, an individual is able to make their review and analysis they lose a bets. In their next bet, they would have learned a lesson and made improvements. This is not so with AI if you lost a bet using AI's prediction, how would you know what went wrong? That is one of the limitations with using AI. Another limitation is AI needs to be trained and retrained with new data and its model needs to be improved upon. Well this is not the case as we are still in the early stages where it cannot training itself on the go, using it for sports betting will see a lot of outdate information and inaccuracies. Therefore, I encourage anyone using AI for sports betting to do so with caution due to its effectiveness. I will always pick personal experience and a solid betting strategy over AI sports bet predictions.

Good thinking buddy, indeed betting using predictions or analysis that is made by yourself can provide evaluation or learning when an error occurs which makes the bet lose so that we can learn again what to do so that in the future each betting prediction made by ourselves can be better and generates greater chances of winning.
Regarding the use of AI, the information obtained has been patented and of course we cannot know all of this information whether it is really feasible to be the basis for predicting results or not and when an error occurs we can never learn from the error.
But even so, for now we can see that there are quite a lot of people who are too exaggerated in assessing Al or even too proud of Al as the best artificial intelligence technology.

No one will advise gamblers to use Al in making betting predictions, but at least don't let a gambler really depend on Al because it can have a bad impact in the long run.

[davis196]

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.

Do you really think so? I think that the sportsbooks are pretty much the same as casinos. The casino wins when the players lose.
The sportsbooks aren't so different.
AI cannot predict the outcomes of sports events. They might be helpful in gathering and analyzing data about past performance of the sports teams and athletes, but that doesn't reduce the luck factor in any sports event.
By the way, how can a sportsbook platform reveal which bets are AI driven and which bets are not AI driven? I don't think that the sportsbooks have such tracking system in hand.

[Mauser]

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.

Is sports betting really becoming more mainstream? I thought that sports betting already has been quite popular and that even 50 years ago, people where happily betting on all types of different sports. Horse betting is one of those things that I have seen countless times in old movies, but in my country there it's not common anymore. We rarely have any horses here and having a huge arena only for horses running seems not really practical anymore in today's world. In my country the most common sport people are betting on is Football and Tennis. It's great if betting becomes more popular and attracts more people, because the more sport types can be offered and less popular matches will be possible to bet on. A big part of the wider acceptance of sports betting we can see in the advertising of the big sportsbooks. Many of the big teams have the name of casinos or bookmakers on their tricots and with so many games being shown on TV these days, millions of people are seeing them. The reach for companies to advertise via sports increase a lot over the last few years and it’s good that gambling companies can take advantage of it.

[Crypt0Gore]

AI or no AI the result will be similar, humans created something that is more smarter than them? How?  I believe AI can only be use to help so paper work in any casinos, it's programmed to get things down faster and more accurately but what will be the benefits of gamblers using AI? You will lose less? You will still lose tons of money if you are not using your head and oy following your mind.

How advanced the gambling space could be it has nothing to do with your winning chance, this is why I care less about web 3 claimed online casinos, I don't see any reason to leave behind web 2 gambling games for web 3, I ain't going to win more if I move to web 3.

As a gambler, do not depend on AI, be a responsible gambler, that's the main goal and accept what comes after this the way it is, do not chase losses and only use the amount you can afford to lose.

[maydna]

AI or no AI the result will be similar, humans created something that is more smarter than them? How?  I believe AI can only be use to help so paper work in any casinos, it's programmed to get things down faster and more accurately but what will be the benefits of gamblers using AI? You will lose less? You will still lose tons of money if you are not using your head and oy following your mind.

How advanced the gambling space could be it has nothing to do with your winning chance, this is why I care less about web 3 claimed online casinos, I don't see any reason to leave behind web 2 gambling games for web 3, I ain't going to win more if I move to web 3.

As a gambler, do not depend on AI, be a responsible gambler, that's the main goal and accept what comes after this the way it is, do not chase losses and only use the amount you can afford to lose.

That's because your chances of winning depend on your luck. And it will be difficult because we don't know when our luck will come. And if AI is also implemented or used by gamblers, gamblers also cannot predict whether, by using or not using AI, they will be luckier. I don't think so because luck can't always appear when we are gambling. And only people who deserve good luck can get it.

As gamblers, we must be responsible gamblers with or using AI and not chasing losses. And the important thing is that we don't break the rules of the casino, especially if the casino prohibits its users from using AI. It will have an impact on our gambling account.

[jostorres]

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.

Well, that decentralization is in Bitcoin and not in casinos or sports betting platforms because almost all the trusted and popular casinos and sportsbooks are centralized which means even if you are depositing and betting with Bitcoins, you are not really gambling in a decentralized manner. The use of blockchain technology in making sports betting decentralized can only be achieved by utilizing web3 but we can barely find any trusted platforms with that.

So although blockchain technology has provided us with great advantages by providing us ways to deposit and withdraw money into casinos and sportsbooks without involving any third-party, I believe we are yet to actually achieve decentralized gambling without the fear of getting scammed.

[jrrsparkles]

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.

Do you really think so? I think that the sportsbooks are pretty much the same as casinos. The casino wins when the players lose.
The sportsbooks aren't so different.
AI cannot predict the outcomes of sports events. They might be helpful in gathering and analyzing data about past performance of the sports teams and athletes, but that doesn't reduce the luck factor in any sports event.
By the way, how can a sportsbook platform reveal which bets are AI driven and which bets are not AI driven? I don't think that the sportsbooks have such tracking system in hand.

Since it is too early there is no perfect system is there so the gambling sites too have to find the procedure to differentiate which bets are made with the AI and real human which is more complex than we thought but it is really bad for both the ends so the best way is to restrict the users who uses AI to bet and also the site should adapt to AI based scrutiny which may ease up this process.

[Silberman]

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.

Do you really think so? I think that the sportsbooks are pretty much the same as casinos. The casino wins when the players lose.
The sportsbooks aren't so different.
AI cannot predict the outcomes of sports events. They might be helpful in gathering and analyzing data about past performance of the sports teams and athletes, but that doesn't reduce the luck factor in any sports event.
By the way, how can a sportsbook platform reveal which bets are AI driven and which bets are not AI driven? I don't think that the sportsbooks have such tracking system in hand.

Since it is too early there is no perfect system is there so the gambling sites too have to find the procedure to differentiate which bets are made with the AI and real human which is more complex than we thought but it is really bad for both the ends so the best way is to restrict the users who uses AI to bet and also the site should adapt to AI based scrutiny which may ease up this process.

Casinos may not have to develop such a system and they could use what they have already, after all most gamblers concentrate on their favorite leagues as a way to increase their chances of winning due to the knowledge they have about it, but an expert sport bettor may bet on many different leagues always taking the best lines, so casinos can see that they are a professional and limit their accounts, the same tactic will work against an AI, and since the person behind the AI has to be the one registering an account then this will effectively ban that AI from the casino in question.

[goldkingcoiner]

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.

Well I doubt that people will be giving up on sports betting, but rather they will be giving up on trying to find a tool or a way to analyse the outcome of their sports bets. Right now technology is still not at the point where anyone can make accurate predictions on which team or player will win and not even Artificial Intelligence has the power to do that. But yes, the more technology advances, the more people will give up on sports predictions. At some point we probably will have a public AI tool that plainly shows its prediction to the public and everyone will go with that.

[Johnyz]

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.

Do you really think so? I think that the sportsbooks are pretty much the same as casinos. The casino wins when the players lose.
The sportsbooks aren't so different.
AI cannot predict the outcomes of sports events. They might be helpful in gathering and analyzing data about past performance of the sports teams and athletes, but that doesn't reduce the luck factor in any sports event.
By the way, how can a sportsbook platform reveal which bets are AI driven and which bets are not AI driven? I don't think that the sportsbooks have such tracking system in hand.

This is a big challenge for any industry to identify the difference between AI vs normal and with sportsbetting, there's no way yet to identify this one or maybe they are still safe from AI predictions as this is sports and we know that anything can happen in sports. I'm sure there are gamblers now who are using AI for their betting strategy as it provides a concrete history of data. Casinos for sure is already working for a system that can identity gamblers who are using AI, this is not illegal though but they still need to regulate it.

[uneng]

Technology has contributed for raising sports betting popularity, accessibility and adoption by a wide range of ages among the gambling public. Now we have gamblers from every ages and from every countries (including the ones where is forbidden) betting in a frequent basis thanks to the technological improvements and innovations which happened or evolved during the last decade.

These changes have their pros and cons and society is still learning how to deal with these drastic changes without taking drastic measures, such as the complete censorship against gambling practice and its enthusiasts.

I believe technology is unstoppable and gambling is unstoppable. The surest thing is that they are part of future, becoming more and more common in our daily routine. I say that due to the direct or indirect interactions we are having with gambling nowadays, even if you aren't a gambler or if you don't like gambling.

[jrrsparkles]

snip
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.Casinos may not have to develop such a system and they could use what they have already, after all most gamblers concentrate on their favorite leagues as a way to increase their chances of winning due to the knowledge they have about it, but an expert sport bettor may bet on many different leagues always taking the best lines, so casinos can see that they are a professional and limit their accounts, the same tactic will work against an AI, and since the person behind the AI has to be the one registering an account then this will effectively ban that AI from the casino in question.

It is very important to catch up the trend so if casinos settled for what they already have as security system then their system maybe out performed by AI in the next few years this not only applies to casinos its just same to every website and who understand the cyber security may get the point more clearly than an average joe.

[el kaka22]

Technology is changing sports itself, it would be naive to think it wouldn't change sports betting as well. Sports players end up being much better than the ones we had 10-20-30 years ago and more, new generations are amazing and rules change just because of them.

Think about it, pick any sport you want, pick something like NBA for example, Westbrook is an MVP and all but plays for bare minimum right now, and if you put his current self, not the 2016 or so great self, him in his today shape, back into 70's, that dude would be breaking records after records and getting like 10 rings in a row. Think about someone even better, like Lebron James, back in 80's, that dude would slap Bird and Magic together all by himself. We are talking about sports growing and getting better, not just talent.

[wiss19]

Just the ease of access is already a big leap for me. It means I don't need to go thru traffic or ride a plane just to go to a casino, I just need my computer and internet, and better, smartphones can also access it.
With the addition of cryptocurrencies being injected into gambling sites and sports betting websites, it completes the ease of making a bet. Bringing cash online means paying up the middleman to do it, or the bank could restrict you with so much trouble. But with cryptocurrencies, all we need is an exchange and then we can also bet at the smallest portion if we are just doing it for fun.
But that's a good point OP. It really is a big difference now when you think about it. The AI also helps by pointing you in the right direction of your bet history.

The ease of access is one of the main factors that has made the online gambling industry grow so rapidly within the last few years. The global online gambling size is currently over $70b and is expected to grow to over $120b by 2028 which is huge. We all know as we have seen that online casinos were never as popular as they are today, and that was not so far back but just before the pandemic and covid-19 caught the world by surprise.

A lot of people who used to go to land-based casinos before the pandemic switched to online platforms when land-based casinos were closed down during the pandemic and those people are now sticking to their latter choice of online platforms instead of going back to land-based casinos and it is only because of the ease these platforms provide.