The Role of AI in Gambling

[Crypto Library]

With all of the hype surrounding AI, I wonder what impact will it have on the gambling industry? Perhaps, gamblers will experience more fairness and randomness when betting online. I mean, provably-fair casinos already exist. But AI can help improve them in the long run.

Feel free to share your opinion below. Thank you.

Artificial Intelligence is improving all sectors and I think there will be improvement in this sector through Artificial Intelligence but if we think that the improvement will be such that we can always win by gambling using AI then it will be wrong. And if that ever happens then I would say there will be no gambling industry.

And so I think it's best not to overthink artificial intelligence.

[KTChampions]

With all of the hype surrounding AI, I wonder what impact will it have on the gambling industry? Perhaps, gamblers will experience more fairness and randomness when betting online. I mean, provably-fair casinos already exist. But AI can help improve them in the long run.

Feel free to share your opinion below. Thank you.

It is unlikely that you can come up with something new in gambling like roulette, slots, etc., since the mathematical model is clear and everything is simple there. AI can only affect games with incomplete information - this is betting and games like poker. Considering that AI can operate with any amount of information, the strategies that it considers optimal will probably be the best. As I recently read in a neighboring thread about poker, AI (and not only AI, but simple solvers and algorithmizers) turned online poker into an extremely dull game with minimal chances to at least win back the rake.

[Dump3er]

With all of the hype surrounding AI, I wonder what impact will it have on the gambling industry? Perhaps, gamblers will experience more fairness and randomness when betting online. I mean, provably-fair casinos already exist. But AI can help improve them in the long run.

Feel free to share your opinion below. Thank you.

Either a casino is provably fair or it is not. AI can't help a casino become more provably fair than before because proven fairness can't be more or less proven.

It is possible that the user experience will be enhanced by making the bettors dive into immersive gaming experiences. I think that sector could grow significantly because of AI in the future. It already is, but the standard casinos aren't into it deeply yet. But I think it will come, enhance the user experience with the objective to make them spend more while they feel more attachment to the event itself.

[viljy]

I believe that AI can be a virtual buddy for a gambler when he is gambling. This friend can empathize with losses or winnings, and most importantly, at the right moment, independently withdraw the money won and throw the gambler out of the online game if the boundary conditions set for bankroll management are reached.

If you lose, the AI will do the same, and will not allow you to re-enter the casino for several hours. Such a role of AI as a "babysitter" who manages the bankroll according to certain rules would be useful. At the same time, the AI can still be a psychologist and have a soothing conversation.

One of the many reasons where artificial intelligence could become useful, your mentality is the right one!
You gave a really nice idea, a babysitter role able to understand when it's time to stop.
I would really like this function, it would reduce the risks a lot, but I think it would reduce the earnings of a casino.
Limiting is certainly less invoicing, there is no doubt about it.

I'm glad you liked the idea. I would also be interested in trying out such AI in an online casino. Of course, casino profits may decrease at first, but it is possible that such a service may subsequently attract more gamblers who will feel more relaxed if they know that they will not go "beyond" their financial capabilities.

In any case, AI will inevitably penetrate into all areas of business, including the gambling business. And it will be important for every casino to be among the first to understand the potential of AI. It will be like with online commerce. Those retailers who didn't realize the potential of online commerce a couple of decades ago have been left out of history with their empty shopping malls...

[babo]

I'm glad you liked the idea. I would also be interested in trying out such AI in an online casino. Of course, casino profits may decrease at first, but it is possible that such a service may subsequently attract more gamblers who will feel more relaxed if they know that they will not go "beyond" their financial capabilities.

In any case, AI will inevitably penetrate into all areas of business, including the gambling business. And it will be important for every casino to be among the first to understand the potential of AI. It will be like with online commerce. Those retailers who didn't realize the potential of online commerce a couple of decades ago have been left out of history with their empty shopping malls...

yes but be careful
It will become a help for the gambler but also for the casino

you are assuming that casinos will just stand still and not evolve using ai... HUGE MISTAKE
they will evolve, and it will be necessary to use AI, let's say it's a sort of race to arm ourselves with technology
nothing new under the sun

[Oshosondy]

yes but be careful
It will become a help for the gambler but also for the casino

It is very possible while gambling against other gamblers that AI might help but when it comes to the casinos, I mean gambling against the casinos which is what most of us on this forum are doing, the casinos will be very happy for anyone having this kind of mindset because it means money to the casinos if the person is using AI to gamble on the casinos. The person can be using AI but the casinos would win more. I see the question like saying can AI be used to break the expected value which casinos are using to favour themselves. No AI can do that.

[babo]

yes but be careful
It will become a help for the gambler but also for the casino

It is very possible while gambling against other gamblers that AI might help but when it comes to the casinos, I mean gambling against the casinos which is what most of us on this forum are doing, the casinos will be very happy for anyone having this kind of mindset because it means money to the casinos if the person is using AI to gamble on the casinos. The person can be using AI but the casinos would win more. I see the question like saying can AI be used to break the expected value which casinos are using to favour themselves. No AI can do that.

how can casinos earn more if you use AI? it seems like a contradiction to me
if you place more probable bets for example by getting help, obviously they will have to adjust the rates in order to stay within them, the rates will have to be even more precise

This is the classic battle between prey and predator. If the prey becomes more skilled, the predator gets equipped.
and also the other way around of course!

[aylabadia05]

With all of the hype surrounding AI, I wonder what impact will it have on the gambling industry? Perhaps, gamblers will experience more fairness and randomness when betting online. I mean, provably-fair casinos already exist. But AI can help improve them in the long run.

Feel free to share your opinion below. Thank you.

The more complete the application of technology in the type of game at the casino will make players able to enjoy the game instead of further increasing the opportunity for players to benefit.

Casinos that are able to provide playing comfort for players without many complaints that players get are fair enough I think because not all capitalize on luck and skill as long as the system game continues to run.

[CryptoYar]

While some online casinos already use provably fair systems for transparency and if they use AI so AI can make things even better. Just think AI constantly watching game outcomes not just checking basic rules but spotting tiny tricks so this can be better as compare to human.

With fairness AI is also very effective at finding fraud like bots or money laundering much better than humans and making games safer for everyone. And AI can help with responsible gambling with noticing signs of problem  and even suggesting limits to help people bet more healthily.

[eisen33]

With all of the hype surrounding AI, I wonder what impact will it have on the gambling industry? Perhaps, gamblers will experience more fairness and randomness when betting online. I mean, provably-fair casinos already exist. But AI can help improve them in the long run.

Feel free to share your opinion below. Thank you.

I think we are now moving towards a point where AI will be increasingly integrated into all areas of our lives. In some way of course AI will also be present in gambling. At first maybe as some kind of support then for monitoring and handling different operational tasks. But if you meant using AI for different games I am not sure it is a good idea at least not at this stage of AI development.

[Dr.Bitcoin_Strange]

With all of the hype surrounding AI, I wonder what impact will it have on the gambling industry?

Zero!
AI is meaningless, especially in gambling. Everything is already in place, being run by algorithms from your random bets to the odds the bookies make and how they adjust them. AI has been in gambling for decades, just under less fancy words.Nothing would change with "AI" since it will be the same humans who designed those algorithms now putting the same prompts into an LLM. The results will be exactly the same!

The only thing the new wave of AI models has brought to gambling is people making ads with it and using it for posts, and don’t expect anything more, because there’s no need for it!

You are totally right @stompix, AI has been there in casinos for decades but called in a different word, and from what it seems to be, the casinos are the ones that will still be in total advantage of it more than gamblers who will always remain at the losing end. I remember a topic I created last year "Do you know any casino that has integrated "predictive AI" Into their system?" What I understand there was that AI can only help the gambler select a game it feels that anyone would like but it can not enhance winning.

[o48o]

With all of the hype surrounding AI, I wonder what impact will it have on the gambling industry? Perhaps, gamblers will experience more fairness and randomness when betting online. I mean, provably-fair casinos already exist. But AI can help improve them in the long run.

Feel free to share your opinion below. Thank you.

Improve how exactly and for whom? I am confused. How would a large language model make bets more fair? Gamblers can already choose which team they are betting on, so how would some AI improve that experience? Maybe we could get extracted data from some team's past performance, but doesn't that already exist?

From the odds we can already determine the calculated probability of a winner, so AI is not going to be helpful with that. And how would randomness work? RNG already exists, so i don't even know how AI could improve that. And i want to remind that use of AI costs money to companies. I feel like people think that like they thought with blockchain in 2017, thinking that they can just stuck into everything and make it better.

[Porfirii]

The hype has come from the novelty of the LLMs. I don't think these tools can help any gambler in the short term with their bets (maybe in games heavily based on skills, LLMs an help a player learn in the long term).

It can help players to learn in long term but that is different from earn. Or did you mean earn? Because you can learn and continue learning but be losing. If it is an heavily based game and the players which are the gamblers are playing against the casinos, just know that they can learn but the results will still be the same which are losses. The best is to learn money management and responsible gambling.

Hey Oshosondy I meant learn. Now that more and more people talk about the potential of the AI in education, one could think that in the near future, instead of courses or classes, one could simply ask the AI and get taught.

I believe that the personal touch, proximity and empathy will be difficult to replace by the machine. But looking at the terrible content some so-called experts sell to make you a successful poker (among others) player, it can be a good alternative. It won't assure you that you'll win, but you'll save money in shitty courses.

[GigaBit]

With all of the hype surrounding AI, I wonder what impact will it have on the gambling industry? Perhaps, gamblers will experience more fairness and randomness when betting online. I mean, provably-fair casinos already exist. But AI can help improve them in the long run.

Feel free to share your opinion below. Thank you.

Artificial intelligence can be very helpful for someone who is conducting a casino gambling platform, especially if he can do it on his platform, then he can benefit even more. With the help of this artificial intelligence, you can observe the mentality of a gambler. But as a gambler, artificial intelligence cannot give you any advantage through which you can benefit. If AI could give this advantage, then the casino platform would never be able to pay and they would be on the verge of bankruptcy. In a gambling platform, this AI can only benefit the owner of the platform but it will not be helpful for the average gambler. One of the main reasons why gamblers can't is that if a casino platform finds something like this true, they can restrict that account. But when a casino platform uses an AI, there will be no restrictions.

[Oluwa-btc]

AI is indeed a useful tool,it could still be manipulative for the industry,but it's got a smooth work flow for gambling generally.Nowadays, gambling/betting odds can't do away without AI, it's simply a blessing to promoting gambling operations to personalized games and the likes.

[sana54210]

So far AI's impact are not on what you said there but it is about marketing and then how players can potentially win the game. There are only debates about it if its truly effective or not but for sure it is still beneficial to the casino because it can drive them a demand. AI is only an addition but some things can still be achieved even without them.

And even if let say AI can contribute in the fairness, nothing can still change because casinos are a business, although bettors can trust the casinos more when they saw that it is now more transparent or fair. This can help casinos that are not using a provably fair system to scale against the other.

[YOSHIE]

Feel free to share your opinion below. Thank you.

If I correctly understand the role of artificial intelligence (AI) in the gambling industry can be considered to bring positive changes and can also bring negative changes, It depends on how to use it, whether it is by the casino or the user itself.

Positive:
In the development of the Gambling industry, the Navy can help in developing new games dynamically and can also detect fraud and so on or about security for the casino itself and so on.

Negative:
If Al in the wrong use it will cause a variety of problems such as causing the risk of privacy as well as data security, because the nature of Al needs access to the personal data of the player and so on.

The point: Al will have a positive impact if used responsibly the opposite will have a negative impact if used irresponsible.

[Slow death]

yes but be careful
It will become a help for the gambler but also for the casino

It is very possible while gambling against other gamblers that AI might help but when it comes to the casinos, I mean gambling against the casinos which is what most of us on this forum are doing, the casinos will be very happy for anyone having this kind of mindset because it means money to the casinos if the person is using AI to gamble on the casinos. The person can be using AI but the casinos would win more. I see the question like saying can AI be used to break the expected value which casinos are using to favour themselves. No AI can do that.

how can casinos earn more if you use AI? it seems like a contradiction to me
if you place more probable bets for example by getting help, obviously they will have to adjust the rates in order to stay within them, the rates will have to be even more precise

This is the classic battle between prey and predator. If the prey becomes more skilled, the predator gets equipped.
and also the other way around of course!

I also agree, in my opinion AI would only help casinos to speed up odds adjustments, for example when there is a football match and one of the teams scores a goal, the bookmakers close all markets for a few minutes, the person has to wait a few minutes to then see what the odds are.

If there is AI with good information power it could speed up this process, something like team A scored a goal and AI in a few seconds would calculate that team A would have 1.20 odds and team B 5.00, draw 3.00. This way it would be very interesting for people who like live betting.

[Rating Place]

Everyone uses AI. Many don't use Google anymore. The casinos got better because of AI and players got better. It's an even trade.

[GiftedMAN]

AI in gambling is more useful to the casino's/betting sites than gamblers, like for customers care services and so but not giving sure and accurate predictions anyone thar thinks they'll win the house with the help of AI is a master at time wasting cause the only thing the AI would do is give analysis from past records of teams playing each other but winning would always depend on the luck factor and not how good the AI tool you're using is.