AI's double-edged sword

[kotajikikox]

AI has been emerging and has been improving more and more as time goes by. This can be observed more in the gambling sector. Operators are said to benefit from AI because it attracts new bettors. AI ensures bettors want to engage and stay longer in a betting platform.

Phythian said that in a sports betting category such as “Bets for You,” the technology might suggest “Because you bet on X,” to prompt a similar wager. Or, “Those who bet on X, also bet on Y,’ to suggest another bet.

“Fans will be presented with a personalized experience based on the preferences they either explicitly state in their profile or implicitly demonstrate by their behavior and consumption patterns,” he said.

Studies have shown that personalizing user experiences is beneficial for organizations that are trying to drive revenue.

On the other hand, operators may also be harmed by bettors using AI. Artificial intelligence (AI) is helping fraudsters to outwit iGaming company checks, for example via deepfake technology which can create realistic but false identification documents. Over three-quarters (78%) of compliance professionals apparently spotted a surge in AI-generated fakes over the past year.

Additionally, AI-powered bots are used for bonus abuse, where multiple accounts are opened to exploit promotional offers like welcome bonuses and free spins. It is now one of the most popular scams in the sector.

So, while gambling companies make use of AI to generate more profit it is also consequently the very tool that makes them lose money. They have to find a way to make use of AI while also protecting themselves.

[Mahiyammahi]

So, while gambling companies make use of AI to generate more profit it is also consequently the very tool that makes them lose money. They have to find a way to make use of AI while also protecting themselves.

Well everything has a ups and down . Casinos and gamling companies generating profits from AI technologies same as fraudster . It doesn't means we've to stop but we need to evolve, adapt ourselves as time passes. I think those operators who's focused on generating profit they also should make sure of fraud prevention and work for it and built a system as anti fraud.

AI isn't just a tool it's a battle field

[Webetcoins]

Casinos and gamling companies generating profits from AI technologies same as fraudster . It doesn't means we've to stop but we need to evolve, adapt ourselves as time passes. I think those operators who's focused on generating profit they also should make sure of fraud prevention and work for it and built a system as anti fraud.

Certainly casinos must be working against all misuses with the help of AI developments whereas gamblers as well must be working for cheatcode to maximize their possibilities to win. I guess that now itself we cannot speculate who will win in this race.

AI's applications are limitless hence I am afraid that AI will evolve more in a way threat to every security measurements hence gambling houses may face a strong abuses from AI based bots. I believe tier1 casinos must have already started their prevention measurements against these.

[libert19]

Everything is double edged sword in this world, isn't it? Regarding 'For you' stuff — I think people give too much credit to AI, I mean these were a thing even before recent ai blow up  — platforms harvest user data and show recommendations based on same, it's not new.

Btw, this 'text as link' looks ugly, you are better off putting text in quotes and referencing the website.

[ajanwalker]

There are definitely those who bet on sports with artificial intelligence, but I don't know how successful they are.

Because artificial intelligence produces statistics with the data it has obtained in the past and the gambler makes his bet using this statistical data.
I have never used it before because sports betting is not something that is based solely on statistical data.
A person who follows the matches does not need artificial intelligence.

I could not understand what contribution artificial intelligence makes to other machine games in casinos?

[joniboini]

Whether they use AI or not, I think companies should be more transparent and quicker in responding to user inquiries. Let's say I got flagged for suspicious documents, and they said it was AI-generated even though I use my phone to take the picture (and record it live). It would be annoying to rely on AI to handle that. If they're so desperate to cut costs, at the very least, they shouldn't do that to the point where they don't have any manpower to respond to their users. I noticed some services have become like that recently, which is a shame.

[davis196]

On the other hand, operators may also be harmed by bettors using AI. Artificial intelligence (AI) is helping fraudsters to outwit iGaming company checks, for example via deepfake technology which can create realistic but false identification documents. Over three-quarters (78%) of compliance professionals apparently spotted a surge in AI-generated fakes over the past year.

Additionally, AI-powered bots are used for bonus abuse, where multiple accounts are opened to exploit promotional offers like welcome bonuses and free spins. It is now one of the most popular scams in the sector.

1.I've predicted in the past, that KYC would become totally useless at some point. However, I don't agree that the casinos would lose money, just because the gamblers have found ways to bypass the ID verification via deepfake tools. Even if a gambler abuses the KYC, he would still deposit and bet money in the casino.
2.The casino bonuses can be abused only if there aren't good enough wagering requirements to back them up.
I agree that AI can be a double edged sword for the gambling industry. AI would definitely change gambling(and possibly every other industry around the world). We still don't know how to benefit from the upcoming changes.

[bitbollo]

AI actually could have really a negligible impact on gambling. Because there are already methods and data analysis that provide a real data on matches.
The real tech behind them would never provide a real insight but just a mix of data that could sound find.
Of course if you use in a "binary market" wehre the two opponents are barely the same... you will have around the 50% of chances to achieve your prediction thanks to AI... just pure math and no more

[retreat]

So, while gambling companies make use of AI to generate more profit it is also consequently the very tool that makes them lose money. They have to find a way to make use of AI while also protecting themselves.

Every technology has its own disadvantages and advantages, so even though on the one hand AI technology can potentially cause losses to the casino, on the other hand it can also be used by the casino to maximize their competitive advantage which can provide more profit to their business. Moreover, there is no problem without a solution, if fraudsters can use deepfake technology to trick the casino's document identification system, there will definitely be a solution to counter this. So it's back to the casino, whether they want to overcome the problem by developing a better system, or they can stay like that and let these fraudsters continue to act.

[giammangiato]

Unfortunately, artificial intelligence is now part of our lives, they use it constantly and this is not good, certainly a powerful tool but badly used!
I also noticed this way of exploiting AI to induce the user to play and make new bets.
They are optimizing earnings and time, but they do not realize that they are emotionally destroying people.
A bet is also an emotion, a desire, a pleasure and the desire to try to win.

[giorgione]

Unfortunately, artificial intelligence is now part of our lives, they use it constantly and this is not good, certainly a powerful tool but badly used!
I also noticed this way of exploiting AI to induce the user to play and make new bets.
They are optimizing earnings and time, but they do not realize that they are emotionally destroying people.
A bet is also an emotion, a desire, a pleasure and the desire to try to win.

yes exactly, playing is also instinct and passion and putting in the study, if you use artificial intelligence, you lose the pleasure of playing, even if I understand it, many players want to win and want to succeed at all costs, and they even get to use the AI, which doesn't surprise me

[viljy]

When a new technology or invention appears, there are always those who immediately start using it for crimes, including fraud. It's not something new; it's always been that way. Nowadays, it is surprising that fraud has acquired a global scale.

I think this is a consequence of the fact that the whole world is now connected through communications (Internet, social networks, communications, etc.). Deepfakes are already being used by fraudsters almost on an industrial scale. So, unfortunately, the rapid development of AI has also led to the progress of fraud methods.

[Outhue]

People use AI to place bets online, I've never but I heard about this few times before, the real thing about AI is it has the good and bad side just like every thing else, it's left for people to use them right or wrong if they want and gambling platforms need to come up with better tools to fight off frauds too.

It's insane how fraud have taken over the minds of people today, with laptops and Internet connections many lives have been destroyed, religion isn't even helping because it seems like people are just going to church and mosques for fun, people don't have the fear of God and Karma anymore.

AI is even part of the reason why scamming and defrauding gets easier, AI is now capable of mimicking everything, animals and humans combined, even stolen identities can now be used in video calls and you will think you are talking to the real person, it's possible that we humans will be the ones to end ourselves this time around.

[goldkingcoiner]

Of course AI can, will and is used for morally ambiguous purposes but it is also true the other way around. So, yes, AI is definitely a double edged sword, but it is a part of progress and therefore a net positive, after all things are considered.

Scientific progress must go on and we must all adapt.

[sunsilk]

IMHO, you don't have to put the quotes into links. Just simple put the source of the link at the bottom of those quotes.

Btw, this 'text as link' looks ugly, you are better off putting text in quotes and referencing the website.

I reckon.

Operators are said to benefit from AI because it attracts new bettors. AI ensures bettors want to engage and stay longer in a betting platform.

Because they're confident that they think they'll beat the casinos for having AI. Well, it seems that operators are aware of this and they've got an idea that they might be abused too.

But if it's a prompt game to predict wagers and winners which to bet for, it's gonna require some effort for the bettors.

[Oshosondy]

So, while gambling companies make use of AI to generate more profit it is also consequently the very tool that makes them lose money. They have to find a way to make use of AI while also protecting themselves.

This is not true at all because the gambling companies that you are talking about only need one thing to make more money, and that thing is people. If people are visiting a gambling site and the gambling site is becoming many and increase in number, you will see the gambling site get very rich be it the gamblers are using AI or not. Just know that they can not win the gambling site is how it has been. Many of them that are cheating will also be known and get banned if necessary.

[Agbamoni]

So, while gambling companies make use of AI to generate more profit it is also consequently the very tool that makes them lose money. They have to find a way to make use of AI while also protecting themselves.

Any technology can either make or break a system. The primary function of AI is for advancement in technology ie. whatever we do it enhances it, makes it faster, quicker and more accurate. It was meant to help every system, that was the intention of the developers but as humans we are, many of us will lack to use it for the wrong reasons.  I have witness that part of fake identity verification and it's very disgusting you know..only if those using it for the wrong reasons can change there will be a better system for gambling.

[_act_]

Any technology can either make or break a system. The primary function of AI is for advancement in technology ie. whatever we do it enhances it, makes it faster, quicker and more accurate. It was meant to help every system, that was the intention of the developers but as humans we are, many of us will lack to use it for the wrong reasons.  I have witness that part of fake identity verification and it's very disgusting you know..only if those using it for the wrong reasons can change there will be a better system for gambling.

So far it is gambling, the gamblers that are using AI will finally find out that they are the one that will be losing. All I know is that AI can not be used to make money when it comes to something like gambling or trading. You will see gambling sites know that someone used a fake document after the person wants to withdraw as the gambling site goes for more advanced KYC check. You can see people using AI on this forum and they are getting known, there are advanced tools that can be used to know if something is AI generated or not.

[Russlenat]

Don’t be misled into thinking that AI will help you win in the long run as it won’t.

Just think about it: if casinos are using AI and gamblers are also using AI, then it just evens out. But the house edge stays the same, and that’s something we can never beat.
The industry has been around for years, growing steadily, and gamblers are still losing. That pattern won’t change just because AI is now part of the picture.

[Sanitough]

Everyone’s using AI now, both casinos and gamblers. But in the end, whoever has the edge will still come out on top.

Some people, out of desperation, start to believe that AI might help them win or somehow uncover the "secret" to gain the edge. but honestly, that’s just wishful thinking as it’s never going to happen.

Think of it this way......
if you’re playing a game that’s purely based on luck, no AI can save you. We're still destined to lose in the long run.