The AI illusion in gambling

[alani123]

AI use had become so prevalent in everyday use cases that people keep finding new things to replace with it without being very caring about the potential consequences. Many people have now replaced their sports betting routine with an LLM. The issue here is that people don't consider that any of the LLMs available to the general public isn't optimised for sports betting. They might be able to search the internet now and may sound very convincingly and what a sports punter would want τo hear but still, it's not a system that looks into real data about current matches.

This is mostly insider info or it's not quantifiable in a way that a public model would be able to access. So... Many people are having the illusion that they have assistance to their betting, when jn reality it's just some word salad. Have you and your friends considered that before using AI for your sports betting?

[nelson4lov]

Been there, done that.

Where people get this wrong is that they trust whatever output that comes from the AI or LLM. I use AI a lot and I think where it excel is research and helping to build things that would otherwise be impossible to build without extensive coding experience. Any gambling system will fail if it relies on AI for 100% of its decisions; plain and simple.

[qwertyup23]

Been there, done that.

Where people get this wrong is that they trust whatever output that comes from the AI or LLM. I use AI a lot and I think where it excel is research and helping to build things that would otherwise be impossible to build without extensive coding experience. Any gambling system will fail if it relies on AI for 100% of its decisions; plain and simple.

The emergence of AI should be primarily used as a tool and as a supportive technology that further enhances your existing one. If you use AI primarily to take care and create your business, then it has the potential of becoming a slop or a total mess to begin with. We should not rely exclusively on AI when it comes to gambling platforms given the nature and risks associated with it.

This is mostly insider info or it's not quantifiable in a way that a public model would be able to access. So... Many people are having the illusion that they have assistance to their betting, when jn reality it's just some word salad. Have you and your friends considered that before using AI for your sports betting?

I have a few friends that used AI not as its exclusive tool but more of a supportive tool in compiling data more efficient on their end. Additionally, they also use AI in the form of making this more efficient (e.g. research tools, gathering information, and accessing websites) for them to arrive at a decision which can be argued that is accurate at least to the info that they have vs others who have not used it as such.

[Sandra_hakeem]

AI use had become so prevalent in everyday use cases that people keep finding new things to replace with it without being very caring about the potential consequences. Many people have now replaced their sports betting routine with an LLM. The issue here is that people don't consider that any of the LLMs available to the general public isn't optimised for sports betting.

You know what else they don't consider? The fact that no language model can show up with too much information than it normally should, because the casinos too have evolved with advanced AIs to control what information gets exploited by the general public.
Another fact is that most of those LLMs are being put out there by casinos to create, like you correctly said, an illusion to punters who'd rather trust the IQ of a bot over theirs. It's also a strategy that has worked wonders for them over the few years in use.

Have you and your friends considered that before using AI for your sports betting?

I haven't considered it before and I don't find any interest to do so.

[Oshosondy]

If it is about betting, I use LLM and it has been so good, but it is normal for me to either win or lose while betting. Generally I am losing more than winning for now, but I expected it. Without the use of LLM, I was also still losing in the past.

The reason I like LMM is because it makes the analyses easier for me, unlike in the past. Now I may spend less time to select the matches that I want to go for, but I am expecting either win or loss.

I.do not use LLM all the time.

[Questat]

Been there, done that.

Where people get this wrong is that they trust whatever output that comes from the AI or LLM. I use AI a lot and I think where it excel is research and helping to build things that would otherwise be impossible to build without extensive coding experience. Any gambling system will fail if it relies on AI for 100% of its decisions; plain and simple.

This AI or LMM only aims to inform us with its multiple types of data, but it does not give us what will be the real outcome in sports betting. AI is just a tool.  LMM is just a word salad, you are right with that. Though it can be of great help and guide, but the real score in gambling has nothing to do with AI or LMM, but the way how we decide on our own bets basing from our gambling routine, and how we know our game so well.

In reality, this AI system can be our assistance, but it isn't proven effective and profitable.

[alegotardo]

AI use had become so prevalent in everyday use cases that people keep finding new things to replace with it without being very caring about the potential consequences. Many people have now replaced their sports betting routine with an LLM. The issue here is that people don't consider that any of the LLMs available to the general public isn't optimised for sports betting. They might be able to search the internet now and may sound very convincingly and what a sports punter would want τo hear but still, it's not a system that looks into real data about current matches.

This is mostly insider info or it's not quantifiable in a way that a public model would be able to access. So... Many people are having the illusion that they have assistance to their betting, when jn reality it's just some word salad. Have you and your friends considered that before using AI for your sports betting?

I am someone who uses AI to everything... questions about personal matters, to write better code and obviously I also use it to help me with sports betting. So, there is no deny that AI is very useful today to many things, including to bet.

But, calm down @alani123... I understand you and actually I support your thread, because the people you must be referring to do not use AI in the same way I do:  I use AI to "help" me with a many things, but I do not let it make decisions for me.

When it tells me that "I can leave the house without an umbrella", I try to understand how it came to this decision.... sometimes he told me this just because it did not rain on the same day in last year
In the same way, it has already ruined a good code that I had created just because I asked he to make a new and simple implementation.
And with sports betting I have also done the opposite of what it advised me to do just because my intuition was telling me otherwise....

AI is great for helping us research information faster, but it is just as bad, or even worse, than us if we let it make the final decisions.

[GreatArkansas]

AI use had become so prevalent in everyday use cases that people keep finding new things to replace with it without being very caring about the potential consequences. Many people have now replaced their sports betting routine with an LLM. The issue here is that people don't consider that any of the LLMs available to the general public isn't optimised for sports betting. They might be able to search the internet now and may sound very convincingly and what a sports punter would want τo hear but still, it's not a system that looks into real data about current matches.

This is mostly insider info or it's not quantifiable in a way that a public model would be able to access. So... Many people are having the illusion that they have assistance to their betting, when jn reality it's just some word salad. Have you and your friends considered that before using AI for your sports betting?

I am someone who uses AI to everything... questions about personal matters, to write better code and obviously I also use it to help me with sports betting. So, there is no deny that AI is very useful today to many things, including to bet.

But, calm down @alani123... I understand you and actually I support your thread, because the people you must be referring to do not use AI in the same way I do:  I use AI to "help" me with a many things, but I do not let it make decisions for me.

When it tells me that "I can leave the house without an umbrella", I try to understand how it came to this decision.... sometimes he told me this just because it did not rain on the same day in last year
In the same way, it has already ruined a good code that I had created just because I asked he to make a new and simple implementation.
And with sports betting I have also done the opposite of what it advised me to do just because my intuition was telling me otherwise....

AI is great for helping us research information faster, but it is just as bad, or even worse, than us if we let it make the final decisions.

Trusting AI for your money is basically asking it, "Who will win?" is seems like a very dumb way to gamble or even make money; I won't trust AI that way.

There are a lot of ways to use AI in a proper way; even, let's say, in gambling, which, like alegotardo said, is the healthy way to use it. 

Treating AI as a research assistant, checking its reasoning and facts, is exactly the right approach. For sure, some may disagree or find this a hassle, but for me, it's not. If it's proper, I will spend time.

[Royal Cap]

As far as I have seen, most of these AIs answer by analyzing previous information about the sports, which cannot give good information about the recent, live matches that is happening. So those who only rely on AI or llm information are more likely to make mistakes. But yes if you take the AI's response for your own research assistant and analyze the results of the new live match yourself and place a bet, then there is a chance of winning. The thing is that earlier you had to do previous matches data analysis manually, but now you can easily analyze past data with the help of AI. However, you must have your own way of thinking to place a bet.

[PostQuantumBTC]

This AI or LMM only aims to inform us with its multiple types of data, but it does not give us what will be the real outcome in sports betting. AI is just a tool.  LMM is just a word salad, you are right with that. Though it can be of great help and guide, but the real score in gambling has nothing to do with AI or LMM, but the way how we decide on our own bets basing from our gambling routine, and how we know our game so well.

In reality, this AI system can be our assistance, but it isn't proven effective and profitable.

It will be good to know that if alani123 does not want to use AI, he could have just used LLM. What he is taking about are the AI called LLM, so I do not know the reason he used both AI and LLM together.

You are right that they just give information. I like how the AI will analyze and tell people that they only speculate and not certainty that will happen.

The AI will say this team is more likely to win and not that the team would 100% be the winner.

[STT]

AI makes too many strange mistakes to take its word as gospel.   They are good for statistics and time saving collation of results which makes them relevant for gambling and maybe especially sports betting.  You surely have to draw your own conclusions and even double check the answers are correct before any possible betting on the information gathered.

Large language models tend to want to agree with you all the time which could be fatal to someone already too confident in their betting when the results do not justify placing any wager of size.   A proper tool designed for the task could or should work out far better, you get what you pay for with these tools quite often.

[crwth]

Wouldn't it be better to treat it probabilistically rather than relying on a yes-or-no from the AI tool?

What I mean is that if you are going to use it to gather information, you can make it easy: use AI and the factual information you have gathered, apply a statistical approach, and have it present the results in percentages.

At least in this way, you are still in control and not relying completely on AI, and you decide to bet on the team you want based on the information gathered by the tool.

[PX-Z]

... They might be able to search the internet now and may sound very convincingly and what a sports punter would want τo hear but still, it's not a system that looks into real data about current matches.

It depends on the AI, its version, your prompt and whatnot. Based on this quoted statement, if the AI can research and look into real data, current matches and the players' current condition based on published articles or even social media posts and compile them to analyze. Do you think AI can give higher probability decision of choosing the right team/player to win based on the current factor? I wonder if you will still say no, because bettors usually do like that to come up what they will bet or not.

What AI cannot do is give you the current data of the live match/game. So for that factors you might decide on your own, especially if the player got injured on the current game, how many fouls it already had, condition and points per quarter or rounds even at the OT, etc. etc. Because chances of getting upset result doesn't fall to zero.

[Oshosondy]

AI makes too many strange mistakes to take its word as gospel.   They are good for statistics and time saving collation of results which makes them relevant for gambling and maybe especially sports betting.  You surely have to draw your own conclusions and even double check the answers are correct before any possible betting on the information gathered.

I have used AI and I know that they make mistakes, but not like in football. I have not seen a common mistakes from the AI that I used because it will give accurate information, but in other areas I see it made mistakes. It is possible that AI are making sport information mistakes, but I have it seen one before. If it is about what could be the outcome of a match, we should know that AI is not a soothsayer, it can only prediction and not all predictions can always be perfectly accurate.

[jossiel]

Have you and your friends considered that before using AI for your sports betting?

Not me. I tried before but I think it's not even making sense on its early days until it's starting to have more development, I don't think this is going to be as good as it is for me.

The fun that's in gambling naturally with how we used to do it doesn't have to be in that form. But if the casinos give that advancement that they'll have an ai bot on the side instead of a support, I won't be surprised in that innovation.

But to include that in everyday gambling, it will be odd at first but maybe everyone will get used to it.

[alani123]

Been there, done that.

Where people get this wrong is that they trust whatever output that comes from the AI or LLM. I use AI a lot and I think where it excel is research and helping to build things that would otherwise be impossible to build without extensive coding experience. Any gambling system will fail if it relies on AI for 100% of its decisions; plain and simple.

Well I kinda of agree with that. People will trust an LLM blindly. There is indeed a WRONG way to use it. People will ask it about personal issues or even about matters it has zero information on and can't even develop a logic path on. It just pretends it knows what it's saying based on previously posted information and going off the clues the question gives. It's a trash in trash out system. Unless answers can be based on concise information the system has access to its not going to give anything good as output.

[uchegod-21]

AI in gambling is gradually becoming a trend now. First when gamblers first realised that they could actually use AI in betting, they used it primarily for analysing matches and getting the neccessary information they needed to enable them arrive at a conclusion by themselves. Suddenly, laziness creeped in and people began to let it do the prediction.

I wouldn't want to stress much convincing anyone that they are creating an AI illusion for themselves, I believe more in working with practical experience. If AI has truly been consistent in giving positive results, they would be more than excited to share their experiences. But with the reports, AI has been inaccurate in terms of making predictions. Most bettors who have shared their experiences confirmed that they have lost more than they won while using AI to make predictions.

AI is not a reliable prediction tool.

[Hispo]

AI use had become so prevalent in everyday use cases that people keep finding new things to replace with it without being very caring about the potential consequences. Many people have now replaced their sports betting routine with an LLM. The issue here is that people don't consider that any of the LLMs available to the general public isn't optimised for sports betting. They might be able to search the internet now and may sound very convincingly and what a sports punter would want τo hear but still, it's not a system that looks into real data about current matches.

This is mostly insider info or it's not quantifiable in a way that a public model would be able to access. So... Many people are having the illusion that they have assistance to their betting, when jn reality it's just some word salad. Have you and your friends considered that before using AI for your sports betting?

I have never used artificial intelligence in order to try to enhance my betting results, because I have been aware from.the very beginning how it is not possible for people to get consistent money with the help of AI on the betting market... Otherwise, there would be millions of people quitting their jobs and becoming full time bettors...

As for my friends, I am not sure whether they have tried to capitalize the use of AI on casinos or not. They have never commented such a things to me, so I assume they have not.
Even if they got consistent results, they would not comment about it and continue to pocket money.

[ArabBTC]

The world is revolving no doubt and humans are looking for more ways to reduce stress, minimize time wastage etc and AI has been a very helpful tool so far but i don’t think i will want AI to gamble for me, i can use AI to analyze data and in other aspects but i will prefer to make my gambling selections myself so that if anything goes wrong i wont put the blame on AI or anything else, gambling is really unpredictable and no matter how programmed an AI is doesn’t mean that it can predict gambling accurately since gambling follows no particular sequence.

I won’t feel the pain if i lose a bet so much if i was the one that did the prediction, it is only if someone else or AI did the prediction that it would be more hurtful.

[Hispo]

...

I won’t feel the pain if i lose a bet so much if i was the one that did the prediction, it is only if someone else or AI did the prediction that it would be more hurtful.

Following that same logic, people should also avoid taking other's tips so seriously and not to bet so much money when they are not the ones taking the choice on how to risk their capital.

One of the less mature things which could happen to us as gamblers and bettors would be blaming a third party for our poor performance on betting markets.

Anyone who is not able to acquire full responsibility over their own money should stay away from gambling and betting, in my opinion.