How Technology is Changing Sports Betting

[slapper]

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.

How has technology impacted gambling? I was just thinking that technology was making our toast crispier. Listen, people need to understand that the world is not a nursery facility. Everybody makes decisions. Some people decide not to gamble, while others do. Who gives a damn?

It's their issue if some nations can't bear the pressure and want to hide behind their "forbidden" designations. Are we really going to shed tears for every individual who succumbs to the siren call of internet gambling? Let's be brutally honest: the strong will succeed while the weak will perish. That is life, that is business, and that is nature

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[topbitcoin]

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.

How has technology impacted gambling? I was just thinking that technology was making our toast crispier. Listen, people need to understand that the world is not a nursery facility. Everybody makes decisions. Some people decide not to gamble, while others do. Who gives a damn?

It's their issue if some nations can't bear the pressure and want to hide behind their "forbidden" designations. Are we really going to shed tears for every individual who succumbs to the siren call of internet gambling? Let's be brutally honest: the strong will succeed while the weak will perish. That is life, that is business, and that is nature

Yes.. it's true that gambling is a choice but when we have decided to play gambling it will be difficult to get out of this activity. many of them plunge into gambling but they are unable to control gambling activities which make them complacent and lose everything.

Online gambling is very accessible to all people and many people are caught up in it. This convenience is a warning for all of us to always pay attention to the activities of those closest to us, especially our children, so that they don't get involved in gambling at an early age and are unable to control themselves. So parental assistance is needed until they are mature enough to determine what is best for them.

[Yamifoud]

If no one can testify that it's working, then I don't believe a particular AI will increase our chances of winning in gambling. I'm actually quite interested in sports betting AI, but I don't think it could effectively work considering games occur on a daily basis. Knowing AI, I don't think they are that up-to-date. What are the sources of information? I'm sure they're on the web, but in gambling, there's unwritten information that's crucial for our analysis. That alone would already make an AI less effective.

[livingfree]

If no one can testify that it's working, then I don't believe a particular AI will increase our chances of winning in gambling.

I don't see that it will help us increase a chance of winning but it will make betting easier. That should classify and differentiate it from what people are thinking of exaggerating the effect of AI in sports betting.

I'm actually quite interested in sports betting AI, but I don't think it could effectively work considering games occur on a daily basis. Knowing AI, I don't think they are that up-to-date. What are the sources of information? I'm sure they're on the web, but in gambling, there's unwritten information that's crucial for our analysis. That alone would already make an AI less effective.

Maybe it's still unclear for now but sooner or later, we shall see people that are managing to get their hands on it and keeps on using it.

And that all means that it's been effective to them. But as of this time, I can say that there's no need for its application and the current tech is more than enough. It doesn't mean that I'm not open to changes and adaptation.

[Distinctin]

I'm actually quite interested in sports betting AI, but I don't think it could effectively work considering games occur on a daily basis. Knowing AI, I don't think they are that up-to-date. What are the sources of information? I'm sure they're on the web, but in gambling, there's unwritten information that's crucial for our analysis. That alone would already make an AI less effective.

Maybe it's still unclear for now but sooner or later, we shall see people that are managing to get their hands on it and keeps on using it.

And that all means that it's been effective to them. But as of this time, I can say that there's no need for its application and the current tech is more than enough. It doesn't mean that I'm not open to changes and adaptation.

If they develop an application specifically for sports bettors, there's a chance that we will have updated information. The developers are aware of how significant their market is, as gamblers who are risking a substantial amount of money will not hesitate to buy subscriptions, as it would make their job easier. However, I don't think it will disrupt the sports betting industry. Instead, I see a positive impact on the industry, as more people will become interested in sports betting, leading to increased profitability on their side.

[alastantiger]

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

The summary of the replies on the topic of Technology and sports betting is that in as much as we know the potential of AI to gambling as most users have said, it just cannot replace or guarantee a 100% success. If gamblers are using AI to make predictions, I feel that the sports betting companies will also use AI to detect non-human bets or predictions. I don't know if this tech exists already, I just know that it is going to happen just as we have AI's that detect human and non-human writings. We would see it, sooner than later.

[eaLiTy]

~
We should start with the most obvious and most important advancement, how we manage our betting dollars. When we wager in old school, traditional, currency like dollars we must often use a middle person.

This is a major difference as some of the places have gambling termed illegal and it was difficult to proceed with the transactions directly, you need to hop between couple of online payment processors and that takes transaction charges and with the introduction of cryptocurrency based gambling, it is a lot easier.

Sports betting AI

AI can help in determining the best odds but it will help the odds makers to rectify their errors as well. It is impossible to predict the outcome of sporting events all the time.
 

[len01]

If no one can testify that it's working, then I don't believe a particular AI will increase our chances of winning in gambling. I'm actually quite interested in sports betting AI, but I don't think it could effectively work considering games occur on a daily basis. Knowing AI, I don't think they are that up-to-date. What are the sources of information? I'm sure they're on the web, but in gambling, there's unwritten information that's crucial for our analysis. That alone would already make an AI less effective.

artificial intelligence can sometime accurately predict sports betting, but sometimes the predictions are wrong because AI is made from human expertise, so it can not be as perfect as we want, although the hope that AI gambler can provide accurate predictions on sports betting is a little very difficult because the overall data used by AI still mixed from past data so its a little less precise for me. but if using AI to predict only to consider our own predictions it does not matter the most important thing is to keep prioritizing the predictions that we analyze ourselves rather than choosing predictions from AI that are not necessarily accurate.
TBH, Im also little curious how AI works to predict sportsbetting but to this day Im still a little hesitant to use it as guide for placing bets.

[adzino]

Top 4 Technological Advancements for Sports Betting

Bitcoin and behind the scenes blockchain technology

We should start with the most obvious and most important advancement, how we manage our betting dollars. When we wager in old school, traditional, currency like dollars we must often use a middle person.

In this case, that middle person is almost always a credit card company. However, when we wager in bitcoin, we use peer-to-peer, decentralized technology, that allows us to bet in mBTC, a thousandth of a bitcoin.

Bitcoin uses proof of work, which makes it ultra secure. Not only that, but advancements in blockchain technology, protocols like PraSaga have solved the trilemma – – a blockchain that’s decentralized, scalable, and maintains proof of work-like security, means advancements in bitcoin and blockchain betting will only increase.

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.

Read more→ https://n2g.io/e622977

This sounds more like a promotional post where you are trying to promote a "coin" along with your site I guess. Anyway, using bitcoin doesn't mean you are doing "decentralized" gambling. You are using a centralized platform to gamble, which most likely has all your information and can confiscate/scam you anytime you want and you won't be able to do anything.
I doubt you can use AI to predict your bets accurately. AI's can't predict the future. They can give you probabilities based on past data (which people already do. How do you think we get the odds?), but they can never help you guarantee a win.

[Kakmakr]

I personally feel "Blockchain" technology have not been incorporated enough into the gambling industry. I think SatoshiDice was the last big attempt at that..and it failed. Yes, it might have been the buzzword that has been thrown around by the industry as a marketing tool to create a hype for them being on the cutting edge of new technology, but they mostly just added some new Alt coins or NFT to their payment options. 

My idea of "Blockchain" technology implementation is something that are "running" bets on the actual "Blockchain" or even better yet, something running on a side-chain that are linked to the Bitcoin Blockchain to reduce transaction congestion. 

[livingfree]

Maybe it's still unclear for now but sooner or later, we shall see people that are managing to get their hands on it and keeps on using it.

And that all means that it's been effective to them. But as of this time, I can say that there's no need for its application and the current tech is more than enough. It doesn't mean that I'm not open to changes and adaptation.

If they develop an application specifically for sports bettors, there's a chance that we will have updated information. The developers are aware of how significant their market is, as gamblers who are risking a substantial amount of money will not hesitate to buy subscriptions, as it would make their job easier.

Yeah, I guess that's how they will capitalize on and that's through subscription. But the features should be unique and haven't seen yet from the typical features that we've got from the casinos.

However, I don't think it will disrupt the sports betting industry. Instead, I see a positive impact on the industry, as more people will become interested in sports betting, leading to increased profitability on their side.

Maybe on that side as it will make betting more interesting if they add up some newer tech that hasn't been seen yet before.

And as for more people coming in, I think that it's just all about the casual reasons why there have been gamblers and that's all about having fun.

[Josefjix]

If no one can testify that it's working, then I don't believe a particular AI will increase our chances of winning in gambling. I'm actually quite interested in sports betting AI, but I don't think it could effectively work considering games occur on a daily basis. Knowing AI, I don't think they are that up-to-date. What are the sources of information? I'm sure they're on the web, but in gambling, there's unwritten information that's crucial for our analysis. That alone would already make an AI less effective.

AI existence in gambling have really aides in the easy movement of games. It affects and works for good for those of us that's not ignorant and ready to accept new adaptation. Changes are constructed in betting, which corresponds to the outcome we should expect from the system. Technology is rapidly developing particularly exerts an advantageous effect on sports betting. It is apparent how gamblers can have online access to betting without leaving their residences. Betting conveniently from the comfort of your own home, it is imperative that we understand the fundamentals of gambling

[Shamm]

~
We should start with the most obvious and most important advancement, how we manage our betting dollars. When we wager in old school, traditional, currency like dollars we must often use a middle person.

This is a major difference as some of the places have gambling termed illegal and it was difficult to proceed with the transactions directly, you need to hop between couple of online payment processors and that takes transaction charges and with the introduction of cryptocurrency based gambling, it is a lot easier.

Sports betting AI

AI can help in determining the best odds but it will help the odds makers to rectify their errors as well. It is impossible to predict the outcome of sporting events all the time.
 

Nahh if we say sports betting then there's no accurate technique which is still the sports betting is unpredictable especially in boxing which is pretty good if we bet in boxing because once a 2 star fighter will matchup then it's hard to choose cause they have the skills and technique to counter each other as long as once a known champion fighting with an unknown challenger then for sure there are high percentage of winning if we put our bet to the champ.

[retreat]

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 casino platform will certainly be one step ahead, because after all they are a business and they have networks and resources that they can use to be able to make their business more profitable and minimize users to be able to increase their profits. They will definitely do anything to keep them from losing money and maybe they will do dirty things, if that's necessary, because that's not something new in the casino industry.

[maydna]

If no one can testify that it's working, then I don't believe a particular AI will increase our chances of winning in gambling. I'm actually quite interested in sports betting AI, but I don't think it could effectively work considering games occur on a daily basis. Knowing AI, I don't think they are that up-to-date. What are the sources of information? I'm sure they're on the web, but in gambling, there's unwritten information that's crucial for our analysis. That alone would already make an AI less effective.

AI existence in gambling have really aides in the easy movement of games. It affects and works for good for those of us that's not ignorant and ready to accept new adaptation. Changes are constructed in betting, which corresponds to the outcome we should expect from the system. Technology is rapidly developing particularly exerts an advantageous effect on sports betting. It is apparent how gamblers can have online access to betting without leaving their residences. Betting conveniently from the comfort of your own home, it is imperative that we understand the fundamentals of gambling

But we may not be able to see AI applications like we want because the developers are still carrying out the development. And until it can be officially launched, we can see what it looks like and how it works. But in our dreams, the use of AI looks like we are giving orders to AI to find data about matches that are about to start, and AI, which with its ability to collect data faster than us and come from valid sources, it can give us more data that we can use to choose a team that has a chance to win. But until then, we can only be patient and wait for the results while keeping abreast of the latest developments from each developer.

[Silberman]

But we may not be able to see AI applications like we want because the developers are still carrying out the development. And until it can be officially launched, we can see what it looks like and how it works. But in our dreams, the use of AI looks like we are giving orders to AI to find data about matches that are about to start, and AI, which with its ability to collect data faster than us and come from valid sources, it can give us more data that we can use to choose a team that has a chance to win. But until then, we can only be patient and wait for the results while keeping abreast of the latest developments from each developer.

Unfortunately for people that vision may never become a reality, an AI is a self-improving algorithm, but it still needs to rely on human inputs in order to learn, unless you could build that module on your own with your coding skills and then feed that information to the AI, so as you can see the development of a AI is still a very complex matter that only a handful of people can manage, and as such it is possible this technology will never be available to the general public.

[LUCKMCFLY]

But we may not be able to see AI applications like we want because the developers are still carrying out the development. And until it can be officially launched, we can see what it looks like and how it works. But in our dreams, the use of AI looks like we are giving orders to AI to find data about matches that are about to start, and AI, which with its ability to collect data faster than us and come from valid sources, it can give us more data that we can use to choose a team that has a chance to win. But until then, we can only be patient and wait for the results while keeping abreast of the latest developments from each developer.

Unfortunately for people that vision may never become a reality, an AI is a self-improving algorithm, but it still needs to rely on human inputs in order to learn, unless you could build that module on your own with your coding skills and then feed that information to the AI, so as you can see the development of a AI is still a very complex matter that only a handful of people can manage, and as such it is possible this technology will never be available to the general public.

I agree with what they say, besides that this AI thing is becoming fashionable, I don't even want to think when quantum computers come out, how many speculations will not come out of that alone, so that's an idea of all things possible that are to come, we are clear that when it comes to the chances of winning at a casino, things come out like the AI, and that it can beat anything, if it can be, but not for now, they are in very beta versions and a lot of work , in fact some Information is extracted from the web and I don't know how they do it to verify the sources and that reliable sources take it without error, I think that for that a lot of development is needed, apart from we cannot deny that this type of robots they learn very quickly, and that only with the information from the very beginning of their days if they have it, then what these robots do that with all that information, obviously it is easier to predict what the result of a sporting event might be like , even more so if the The Robot has fully defined and well optimized its memories in terms of the pure and simple algorithm of information, so by means of probability I was able to extract the information and make a respectable prediction, in addition to the fact that each robot can extract information from each player or each athlete of the sport and have a speed appraisal of them.

Everything is possible as long as things like these Robots and their development is eventually very complete, as the robots advance they have their training and that training is in a short time and the more they do it, the more expert the robot is , which means that As long as he makes good Progress he will be almost a prodigy, this is the only thing a robot can take us Ahead of.

Now, with all the Cool tools of a robot, including all kinds of Mathematical modeling and the perfect use of forecasts, statistics and having more tools that are in the forums, public opinions of fabulous people , things can change for the better and be a little more Accurate in the Predictions.

[maydna]

~snip~

Unfortunately for people that vision may never become a reality, an AI is a self-improving algorithm, but it still needs to rely on human inputs in order to learn, unless you could build that module on your own with your coding skills and then feed that information to the AI, so as you can see the development of a AI is still a very complex matter that only a handful of people can manage, and as such it is possible this technology will never be available to the general public.

I wonder if such technology has been found, especially if we look at how AI has developed so far. It may take a few more moments to see how AI can help us find what we want without giving us more information. There will come a time when AI will evolve to be better because humans will never be satisfied in achieving something and will set higher achievement targets than before. So technological developments will make things even better than before in many areas, including gambling.

[elevates]

I wonder if such technology has been found, especially if we look at how AI has developed so far. It may take a few more moments to see how AI can help us find what we want without giving us more information. There will come a time when AI will evolve to be better because humans will never be satisfied in achieving something and will set higher achievement targets than before. So technological developments will make things even better than before in many areas, including gambling.

Already AI has started accurately predict the share market with the inputs from Trading view. I won't be able to exactly post here a source to my reply but if you do a normal Google search you would find various claims related to it. AI is not evolving it has already evolved and it is just getting better day by day. I once asked it about few matches and it was able to predict it based on the data available on the internet which for me was quite cool. As it did 80 percent of my job without I doing anything. The outcomes were not as great as I expected still it was satisfactory for me. My understanding about AI is that it is a threat which we won't understand today but in the future we will. Give it a year or two and you would find it doing everything which we cannot expect as of now.

[maydna]

~snip~

Already AI has started accurately predict the share market with the inputs from Trading view. I won't be able to exactly post here a source to my reply but if you do a normal Google search you would find various claims related to it. AI is not evolving it has already evolved and it is just getting better day by day. I once asked it about few matches and it was able to predict it based on the data available on the internet which for me was quite cool. As it did 80 percent of my job without I doing anything. The outcomes were not as great as I expected still it was satisfactory for me. My understanding about AI is that it is a threat which we won't understand today but in the future we will. Give it a year or two and you would find it doing everything which we cannot expect as of now.

At least we'll see it in the near future as AI development is accelerating. I haven't done the usual google search, but perhaps I'll try to see the results later. And if it's good, it could give newbies hope they can learn to use it to their advantage. And if AI can provide predictions based on data available on the internet, that will help bettors to get the data faster than usual. I also feel that AI is a threat in the future, but it depends on humans to keep control over AI so that it does not become a threat but as something that can help people's daily activities.