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Author Topic: Is AI going to affect gambling in any way ?  (Read 1656 times)
Cookdata
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March 07, 2024, 07:58:12 PM
 #81

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

AI is real, everyone must have come across one or two but let's stop this hype for once and have a real discussion about AI. Since 2010 was the time I have been hearing how computers will change our ways of life and improve health, that I have seen some changes but not up to how the hype was back then, I think we are now in the same era of AI where everyone want to say something nice about these artificial intelligence. What has AI really changed other the writing of articles and, the ability to make improvements to written materials and graphics, after these things, I have not seen anywhere the use of AI has changed completely, they say they are going to take away the jobs but I haven't seen any sign.

AI is not going to change anything much about gambling, the companies are watching and besides use of external software to gamble is highly prohibited. The highest place I think AI might work is in some casino games, football predictions can't work on AI because past events data isn't sufficient to make predictions in football and in other sports games.

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March 07, 2024, 07:58:23 PM
 #82

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

You can bet that behind the scenes AI is already shaking that AI is already shaking things up. There will be players trying to leverage the data mining side of it, which has levelled them up slightly compared to bookmakers who once held most of the power. However bookmakers will also be utilizing ever more advanced techniques in order to scrape more profits out of their users. There are so many techniques and data points that can be analyzed in greater detail, it is probably only limited by the processing power they're able they're able to throw at it.
Ai Will be used by both parties so one side can't actually exploit it's use to their advantage alone because I believe like you are implying, same way the players or gamblers have gotten an edge through this technology that's the same way even the bookmakers and the casino owners themselves are well aware of the treat that AI tech poses to their industry and business.
   Actually you have a point. AI might not affect the gambling industry, I say might because I am not quite sure if the house edge will also benefit from the use of an AI.
   IMO anything that has to do with money making, no one would like to miss it, so if truly the house will benefit from AI that means it's more fun, but on what I understand, the house edge will actually use the AI on every odds.
   They will also make sure that the odds is always not in favour of any bettor, the AI will be of help to everyone and it will also  be against many gamblers.

R


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March 07, 2024, 08:07:10 PM
 #83

It may affect gamblers, maybe with the way AI technology is making some people's jobs easier and also making some people lazier, there will also be gamblers who may depend on AI technology for predictions in games because they will become lazy to analyze games themselves. I do not believe that AI can actually predict games especially games that are based on luck and the outcome are very unpredictable like football or other sports, so as a result, AI technology will affect and interfere with the believe that gamblers will have on themselves, which may also affect the wining rate.
the use of artificial intelligence now is currently making employment to be scarce to people, even in banking sector and the companies most of the companies now are using artificial intelligence to perform major activities in their companys so when you see in gambling sector using artificial intelligence will you also make some people not to participate in gambling because there are not sure of what they are doing in gambling because of the artificial intelligence is a program being programmed by someone, so the function is to do the work an individual will do and get tired within space of time

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March 08, 2024, 04:51:31 AM
 #84

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

I mean it will certainly help brick n mortar casinos and even online casionos finding trends and information much more quickly, probably most with complex calculations and probabilities but I would say that it will definitely have a much larger effect in the coming years as it progresses learns and implements certain language models - even ones that are more so geared towards gambling may help with certain types of bets etc.

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March 08, 2024, 07:20:53 AM
 #85

Yes, since technologies continue to advance. Many online casinos are now using AI chatbots that can answer questions and can provide 24/7 support. AI can also customize game recommendations by analyzing user behavior, preferences, and history. And even fraud detection by analyzing patterns and transaction data
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March 08, 2024, 07:21:10 AM
 #86

It may affect gamblers, maybe with the way AI technology is making some people's jobs easier and also making some people lazier, there will also be gamblers who may depend on AI technology for predictions in games because they will become lazy to analyze games themselves. I do not believe that AI can actually predict games especially games that are based on luck and the outcome are very unpredictable like football or other sports, so as a result, AI technology will affect and interfere with the believe that gamblers will have on themselves, which may also affect the wining rate.

During the last world cup, there was many AI predictions on who's going to win the world cup and some did get their predictions right while others didn't and this is just how AI will work when you wan to use them for predicting of games in casino. They'll find it hard to predict luck based games as those AI don't have any statistics that the AI can use to make their predictions. AI are making their decision based on the data that they have therefore things that they don't have any data on becomes very difficult to make an accurate prediction on.

Also since there are many factors that influenced the game of sports, AI won't be able to predict those outcome and will be giving any individual using their services for predicting, a wrong prediction. AI are just computers and computers are programmed devices. Ai isn't going to affect gambling in the aspect of prediction but it'll affect how we gamble, we can have more realistic feelings of the games.

R


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March 08, 2024, 12:45:10 PM
 #87

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?
It will always affect a business every time there is a new technology that emerges as well as gambling, whether it affects the casino business or also affects players directly, but I have not yet seen how AI will affect gamblers, for example by making gamblers have a greater chance of winning at gambling, because as far as I understand AI will help us by providing data but it cannot directly help determine the name of the athlete, team or final result of the match if we want to bet on sports betting, moreover, casino games are based on luck because they will always be based on luck, because the casino business will no longer be profitable if games based on luck can also know the results through AI.

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March 08, 2024, 01:12:00 PM
 #88

AI is actually fast developing and if you ask me, the answer to your question is conditionally YES. Now I said conditionally YES because it won't affect every single aspect of gambling activities equally. Gambling activities are not only experience and calculation based but also luck based. Therefore even an AI can't beat luck. AIs are just series of programs and codes that take actions based on probability and existing data.
Take for example if a particular stake has a probability of a 79% win chance and a 21%loss  chance, and another stake has a 60% win chance and 40% loss chance, an AI will obviously go for the first stake because of the higher chance of winning ,even if the second one will bring a bigger return. Whereas a normal gambler will take the second bet and actually make a  win even with the thinner chances.

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March 08, 2024, 01:22:04 PM
 #89

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?
Well, I’ve read several post and I’m even confused if I’m to say yes or no but gambling is about predictions which might be something difficult to do accurately and if an AI is to make a certain prediction then I think it will be based on some features which might include clubs previous performances and the rest of that and let’s just say the cases with trading bots and we can agree that, even with all the hypes with trading bots, people still make severe losses with bots in some cases but that doesn’t mean m, boots are bad or aren’t making profitable trades and this might just be the same case with gambling AI and personally I would prefer to make my predictions and picks rather than leaving for an AI.

R


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March 08, 2024, 10:01:13 PM
 #90

-cut-
One of the popular AI is the one being used in Football is zcodesystem.com

Quote
ZCode System:Focusing on football, this AI prediction software utilises a complex score prediction formula based on more than 80 parameters. It conducts 10,000 simulations to forecast scores based on historical data.
it cost $198/month and for serious Football bettors
-cut-
AI fomo is real. And that's quite fascinating, because with $198 month (and that's with discount) developers must be e having pretty lucrative gross margin on sales. If they have enough customers that is.  

Just think about it. Anyone tech savvy enough could rent a powerful cloud server and run a custom large language model. Base code for it is already free and ready, and configuring it just for gambling shouldn't be that hard. Owners of such service would still get to keep most of the $198 / month, as cloud services for that doesn't cost that much. And they could automate the system. so with some web development skills and by scalng it up with new users, that would pay small fraction of that $198 / month... Soon it would still be a lucrative investment.

I wonder how accurate those predictions really are, because i am not trusting those charts at the site. Anything that shows portfolios that are just going up seems like a scam to me. Or at least an attempt of misleading marketing.

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March 08, 2024, 10:31:06 PM
 #91

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?
With Artificial Intelligence, many little employment opportunities that are usually available in the gambling space will no longer be available because those positions will be replaced by technology and the people who usually worked in those positions will lose their jobs and become jobless. In the gambling sector if artificial intelligence is employed in settling customer disputes, it may lead to a faster rate of resolution of customer problems regarding gambling on the their website, deposit or withdrawal problems, or others.

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March 08, 2024, 10:31:25 PM
 #92

This has been discussed several times, and most of the times people here concluded that AI will have very minimal impact on the gambling industry. There will be something perhaps in the side of the operators, but for players, there's very little that it can offer that is not being done by now.

AIs are excellent when it comes to analyzing huge data sets and trying to make sense out of it. Give it some clear-cut instructions and it will find you the most logical approach to a problem. In sports betting for example, if you feed the AI enough data regarding H2H and matchups, alongside information about player transfers and who's injured, it might give you a nice prediction for every game you want to bet on. However, what AI lacks is familiarity to how each game is played and to the players involved. It only knows numbers, but it does not know the human aspect of the game and the data it is receiving.

In short, human elements are still needed in order to succeed in something, gambling included. People out here thinking AI is a one-stop-shop for every problem is certainly not capable of making use of AIs efficiently to their advantage.

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Rockstarguy
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March 08, 2024, 10:34:39 PM
 #93

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?
Gamblers depending on Al to help in predicting games may cause more damages for lots of gamblers.  This can make people to be so addicted because it will make people to have so much trust in Al having the mindset that Al can predict every game accurately and this will also make people to play gamble the amount that they can afford to lose . Right now people so much believe in Al that it can assist in doing things perfectly,  this is the same mindset people will think about Al towards gambling.

One thing I know for sure is that  gambling is always unpredicted and I don't think using Al as a way of playing will change anything about gambling. People should always have in mind that gambling is always unpredictable and playing with amount one can afford to lose is the best way to go while playing gambling.

R


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March 08, 2024, 11:13:47 PM
 #94

Artificial intelligence can be used on many levels beyond just being used by gamblers for profit. Artificial intelligence is also a possible way for gambling platform owners to provide a better gambling experience at a lower cost.
Artificial intelligence can help improve the efficiency of operations in online casinos by automating tasks such as customer service and financial processing, in addition to the possibility of using artificial intelligence to create new games with capabilities that were not previously available.
Artificial intelligence can also help detect fraud and prevent money laundering by analyzing betting patterns and identifying suspicious behaviour.

There are many options available to use artificial intelligence to further develop game algorithms and control systems. I think it is better to approach the issue from this angle, which is more important.
Gambling platforms must work to fortify their systems because if someone succeeds in finding a winning strategy using artificial intelligence, this poses a real danger to the entire sector.

R


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March 10, 2024, 07:28:17 PM
 #95

Artificial intelligence can be used on many levels beyond just being used by gamblers for profit. Artificial intelligence is also a possible way for gambling platform owners to provide a better gambling experience at a lower cost.
Artificial intelligence can help improve the efficiency of operations in online casinos by automating tasks such as customer service and financial processing, in addition to the possibility of using artificial intelligence to create new games with capabilities that were not previously available.
Artificial intelligence can also help detect fraud and prevent money laundering by analyzing betting patterns and identifying suspicious behaviour.

There are many options available to use artificial intelligence to further develop game algorithms and control systems. I think it is better to approach the issue from this angle, which is more important.
Gambling platforms must work to fortify their systems because if someone succeeds in finding a winning strategy using artificial intelligence, this poses a real danger to the entire sector.

Well, to be honest, when I go to the support of a casino or an exchange, it bothers me a lot that an AI attends to me, because for me it is a waste of time, because there are things that should only be attended to and supervised by a human, the AIs in support The general thing is to solve very simple tasks without complications, at least that is the type of AI that I have to deal with, therefore every time an AI assists me it is something that annoys and annoys me, because one is in a hurry and you want your problem to be Resolved as soon as Possible, so in that aspect I still do not agree that AI should be introduced as support, I know that it can be cheaper, but in a casino I consider that they should pay people to attention is as easy and fast as possible.

In other aspects of casinos, such as security, well, I don't know, AI is not yet developed as we sometimes imagine, they have many flaws, in fact an AI is very good help for programming engineers when they have doubts about how to do things. a type of code because it can function like an open book but you can say that it is not yet at the level of a human being, I say that AI is not yet Intelligence, but rather it takes certain patterns as basic rules that a machine can record , but it does not have consciousness, therefore it is not yet "intelligence" for me, I don't know, it's just my perception.

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March 10, 2024, 08:06:24 PM
 #96

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?
Just as if I knew earlier today when I aligned against a gambling event recently organised by big shots in the industry. My position was that AI is the next development to be watched out for when it comes to gambling when they state otherwise. Now seeing it here is very good for me which buttresses my point. I've thought so deeply about the next steps of advancement in gambling and I realised that it is AI-inclined advancement that we should expect. It is going to be better then, and I must say that the project must have started already in some quarters, and in the next few years, we might be seeing something like that.

Well, this is so needed because the house itself needs to be proactive and even make the work easier for themselves through this initiative. My latest research about AI in the gambling industry proves that some casinos have even started using it as they started using it to easily and quickly detect unusual and similar patterns in the betting of customers. This will be more effective than the former manual ways of doing it and will prevent more fraud as fast as possible. Also, as we know AIs, they can do enough datasets so speedily and prevent fraud no matter how hidden it could be depending on how the AI works. This is one out of many to expect in the AIs' development and integration with the casino and sports betting businesses.

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March 11, 2024, 06:14:32 PM
 #97

Have you ever tried it? For example, asking the AI that you use to predict or apply formulas or whatever it is for the gambling you do to get a win.

I myself have tried it all and did not find any results, some of them are reluctant to answer because they are not programmed for that, even if there is an AI that gives answers about gambling matters I think you have to question the possibility again, it's the same as asking your friend who you don't know whether he is gambling or not, but he is very smart.
But you already know that they are not programmed for this? Also, common sense is only needed here. There will be no such thing because this is going to make all the gamblers rich and time will come that there will be no gambling. I won't say it's a good thing because our one source of entertainment have been removed.

If let say it is possible that some tool can have a greater advantage against the casino, it will only be solo by those who discover it, as it can also make their lives in danger. At the meantime, some good AI's might still work on giving formulas to other things like for example in our school subjects or homeworks, and also if we are a developer/programmer.

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March 11, 2024, 06:29:01 PM
 #98

AI cannot affect gambling. Can AI make accurate predictions? It cannot and so there is no way it can affect the gambling industry. Gambling is an activity that cannot be influenced at all. AI cannot see the future and so has to stake in gambling. It is one area where AI has no impact. Gamble depends on luck and even if you furnish AI with all the information, it will be difficult to tell the outcome. AI can aid you mainly in academics or other spheres which involves gathering information but cannot tell you what might happen shortly and making a prediction simply means telling what will happen in the future.

I haven`t attempted to make use of AI in making predictions or even rely on it to gather information but I know that AI is not built on making forecasts. Even if there is such an AI, it will still not guarantee anyone 100% win because some outcomes like red card and injury cannot be foreseen before the game and these factors can decide a game.

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March 11, 2024, 06:35:20 PM
 #99

As the years go by, technology evolves at a very large pace, we just need to see what the designers of online casinos were like 5 years ago and what the designs of current casinos are like and the resources that current casinos have offered to understand how they are. evolving and AI will certainly bring more valuable resources to casinos, nowadays many casino games are much better than in the past, game providers are following the advancement of technology, I won't be surprised if in 5 years we see the people using their phones and when they enter the casinos with just voice commands, they play, select the games they want to play with just voice commands without using their fingers

I also won't be surprised if in 25 years we see online casinos that offer glasses capable of allowing people when they wear the glasses to virtually project themselves into the game and be able to play against other players who also used the glasses and projected themselves into the game, eventually this will be possible, because today the technology capable of one day allowing this to happen is being developed at a very high pace and in another 25 years or less we will see things like the one I mentioned happening, AI at the moment is in an advanced phase of development and more In a few years we will see a lot of good things that, thanks to AI, can be implemented in online casinos

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bangjoe
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March 12, 2024, 10:14:47 AM
 #100

Have you ever tried it? For example, asking the AI that you use to predict or apply formulas or whatever it is for the gambling you do to get a win.

I myself have tried it all and did not find any results, some of them are reluctant to answer because they are not programmed for that, even if there is an AI that gives answers about gambling matters I think you have to question the possibility again, it's the same as asking your friend who you don't know whether he is gambling or not, but he is very smart.
But you already know that they are not programmed for this? Also, common sense is only needed here. There will be no such thing because this is going to make all the gamblers rich and time will come that there will be no gambling. I won't say it's a good thing because our one source of entertainment have been removed.

If let say it is possible that some tool can have a greater advantage against the casino, it will only be solo by those who discover it, as it can also make their lives in danger. At the meantime, some good AI's might still work on giving formulas to other things like for example in our school subjects or homeworks, and also if we are a developer/programmer.
Yes I know that, they are not programmed for such things to cheat in gambling, but I, experimented on a version where chatGPT did not yet have restrictions and in the end it was about many parties and then limited access to information, but for me who did not really understand programming it was quite difficult to understand it. And then I tried to get curious again on another AI engine even though I knew that it wasn't programmed for that.

I think it's pretty sure there are tools to do it, but it will be very difficult for us to find, usually only people who are close to the inventor of the tool, such as seeing bugs or anything in gaining an advantage in the casino that has weaknesses, but specifically a formula in the game is a lie because of the fact that the house has control.

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