How succesful will AI projects be to win the house? - page 15.

danadc

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Quote from: RILWAN on March 29, 2023, 08:28:51 AM

We expect to see some level of success in AI work on gambling but the thing is that we cant ascertain whether there will be consistency in it winning over the house, but then since this is a new development let's see how to far it can go.

If what they are looking for is to beat the house, they are very far from Reality, I do not know much about AI, but I know and I am sure that the programs that have been developed are to have a resistance to the AI, and each time they are Improving and Updating, so that is not a problem for those who are looking for or trying to beat the house, I also imagine that in every casino when a player is winning a lot of money, the alarms are activated and they begin to monitor the player's Movements, and they look for or study why they are winning so much, if it is an error in the games.

mak013

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Quote from: Lucasgabd on March 29, 2023, 08:10:14 AM

Well. Putting it simple. If there is an edge, AI (and future AGIs) will find it. No doubt
The thing is we’ll probably move to a scenario where there is no edge at all on the games and in the long run the house wins.

Still possible to use AI to manage bankroll strategies and try to find an edge on some skill games

I think it would be AI against AI. It is bad idea to think that the casino hires dumbs specialists. They will use the same tools and most time the casino has more opportunities due to their money.
And there is ToS, and it is possible to include some rules when casino can prohibite using AI and ban gamblers if they suspect it.

AicecreaME

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Quote from: Oshosondy on March 12, 2023, 07:23:04 AM

In the long run, you can not win the house. The chance you can be lucky and win big to become rich will always be less than 1% while in long time, the house will always be the winner.

Just as it has been advised several times, gamble for just fun.

You cannot really win against the house because the moment you decided to gamble, they already got what they want from you. You can win several times, may it be a small or huge amount, but regardless, the casino already profited from you and the other players. After all, they are a business that needs to earn profit at the expense of others. The RTP of the casino and the odds given on your account will play a role on how frequent and how big you will win.

AI can be a basis of your bet, but it won't really beat the house. Consistent winning with failproof method doesn't exist since there's only a certain extent where you can win big then the rest of the bets will just balance your previous wins out.

RILWAN

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We expect to see some level of success in AI work on gambling but the thing is that we cant ascertain whether there will be consistency in it winning over the house, but then since this is a new development let's see how to far it can go.

Lucasgabd

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There's no need to be upset

Well. Putting it simple. If there is an edge, AI (and future AGIs) will find it. No doubt
The thing is we’ll probably move to a scenario where there is no edge at all on the games and in the long run the house wins.

Still possible to use AI to manage bankroll strategies and try to find an edge on some skill games

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Quote from: traderethereum on March 28, 2023, 11:12:45 PM

Quote from: len01 on March 28, 2023, 04:18:48 AM

on the other hand, the definition of beating the house is like an impossible thing, whereas casinos are designed to always be profitable and the casino business never goes bankrupt.

We have to realize this if we want to try to beat the casino because casinos will always prevent gamblers from always winning.
We also will never know how it happened but it did happen and because of that, not many gamblers could win big money.
People who manage to win from the casino will come back to the casino with more money because they think they can win again.
And when they use a lot of money to gamble, the casinos take over the money and make the greedy gamblers lose their money.
It will be hard for us to beat the casinos so we better be aware of that and just gamble for fun.

Only a small percentage of winners are capable to enjoy this kind of thing that why better to gamble responsibly, a small portion of players only make huge winnings and getting a chance of bankrupt with the casino is far from too much reality unless the player does not enjoy their casino and leave it that the time casino makes an action for gaining back and possible of bankruptcy, but if the small percentage of the winners, for example, is 10:1000 of players still at the end its the casinos win. Risk or to lose.

Plaguedeath

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Quote from: CryptoHeadlineNews on March 29, 2023, 07:47:55 AM

Yes, no doubt A.I is the new trend of internet marketing, affiliate marketing and online gambling as it has proven to do works initially meant for humans in the slightest few seconds, more faster and accurate. And as such making many people now lose their jobs, which is quite both good and bad, as with the use of A.I a user don't need to pay for voiceover anymore as we have got A.I human-like tool that convert text into speech in few seconds, write a full blog post with A.I, generate a YouTube video, analyze a sport betting team and do lots of more others.

If you think A.I human-like tool is really helping to write a full blog post, then why you're not using A.I to create post in this forum? or this post was created by A.I Shocked

A.I isn't a perfect tool, someone can easily recognize between the difference of blog, voice, analyze etc created by A.I and created by real human. No one will interested to read a general wall of text, no one will interested to hear a voice without intonation etc, etc.

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Quote from: Desmong on March 20, 2023, 06:40:52 PM

Quote from: CryptoHeadlineNews on March 19, 2023, 10:40:55 AM

Quote from: Kakmakr on March 12, 2023, 06:13:28 AM

Do you think AI will be more successful to get a working gambling strategy to win the house... and if they do, what will be the impact on casinos?

For me, I think it is likely to be impossible to ever get a working strategy to always consistently win the house, because casino are always designed in such a way that the house is always at advantage against the gambler, except in those cases where the gambler may happens to be lucky. But however, what this A.I does is gather generic sentimental information from across all social media all around the globe, and come up with what might seem to be the possible outcome of that sporting event, which in most cases can be true or not.

But, moreover, A.I has really help simplify more works for humans ever since it came into existence

IA is good and with time people are going to appreciate it. There are still some persons that had been thinking of AI been a thread to a common man with different opinion of it dominating the market making people to me lose there job. I respect to see the use of AI I'm businesses and also in school.

Yes, no doubt A.I is the new trend of internet marketing, affiliate marketing and online gambling as it has proven to do works initially meant for humans in the slightest few seconds, more faster and accurate. And as such making many people now lose their jobs, which is quite both good and bad, as with the use of A.I a user don't need to pay for voiceover anymore as we have got A.I human-like tool that convert text into speech in few seconds, write a full blog post with A.I, generate a YouTube video, analyze a sport betting team and do lots of more others.

redsun114

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Quote from: Wiwo on March 27, 2023, 04:04:00 PM

Being unable to analyze the current event and adapt to change quickly make the use of AI in gambling ineffective and since artificial intelligence needs configuration to work effectively it is of no use and can't predict or analyze games.

-There is no doubt that a lot of AI development has been on the increase lately but its usage is still limited due to some factors.

AI development is yet to witness that level of adaptivity but there are alternatives to that that can be used, it is to manually feed data to it by copy-pasting every single detail and information and ask it to memorize it all, if it has the capability to memorize that much detail that is manually fed to it, it will probably do the analysis if you ask it with the perfect prompt.

But even after doing that, it won't really be able to provide accurate results since it may miss a lot of details and information that a human can observe within or around the match/matches that they are going to bet on.

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Quote from: traderethereum on March 28, 2023, 11:12:45 PM

Quote from: len01 on March 28, 2023, 04:18:48 AM

on the other hand, the definition of beating the house is like an impossible thing, whereas casinos are designed to always be profitable and the casino business never goes bankrupt.

We have to realize this if we want to try to beat the casino because casinos will always prevent gamblers from always winning.
We also will never know how it happened but it did happen and because of that, not many gamblers could win big money.
People who manage to win from the casino will come back to the casino with more money because they think they can win again.
And when they use a lot of money to gamble, the casinos take over the money and make the greedy gamblers lose their money.
It will be hard for us to beat the casinos so we better be aware of that and just gamble for fun.

Never before has a gambler beaten the casino to lose so much money to pay and go bankrupt.
If there are only a few and even then it is supported by luck not because of the abilities of the gamblers.
If the gambler who gets this win has a greedy nature then what you are talking about from the casino back to the casino will happen and can even exceed the money won.
Besides realizing that gamblers are hard to win and gamble for fun, we also need to have targets, such as stopping when we win and not betting more than we can.

traderethereum

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Quote from: len01 on March 28, 2023, 04:18:48 AM

on the other hand, the definition of beating the house is like an impossible thing, whereas casinos are designed to always be profitable and the casino business never goes bankrupt.

We have to realize this if we want to try to beat the casino because casinos will always prevent gamblers from always winning.
We also will never know how it happened but it did happen and because of that, not many gamblers could win big money.
People who manage to win from the casino will come back to the casino with more money because they think they can win again.
And when they use a lot of money to gamble, the casinos take over the money and make the greedy gamblers lose their money.
It will be hard for us to beat the casinos so we better be aware of that and just gamble for fun.

LUCKMCFLY

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Quote from: Wiwo on March 18, 2023, 06:16:10 PM

Quote from: Slow death on March 17, 2023, 10:18:12 AM

from my experience I would say that AI will not be able to bring consistent profits unless the person makes a combination of the results obtained from the AI with analyzes obtained by himself, I will give a concrete example: let's say I want to bet on the game between:

Chelsea FC - Everton FC

in this game, chelsea has an odd of @1.46 and Everton has an odd of @7.00, that is, chelsea is being seen as a favorite, for the AI there is no problem in this game, without a doubt that the AI would recommend betting on chelsea, but a person can watch the videos of the games of each of these teams and see the performance of each one of them and will conclude that in this game there is a good chance of a draw because everton has improved a lot and Chelsea are still not unstable in attack

I can give example from the game:

Paris Saint-Germain FC - Stade Rennais FC

You are right, AI will always choose the club with the sure odds and cannot double chance the bets, so at the end of the day, you still need individual contribution to make a bet decision and there is no way an Artificial intelligence will beat that.

-The use of AI in the casinos is an attempt but the house is always ahead and will not give chances to any development that will lead to loss of money for the casino.

I wouldn't trust AI to the fullest, I know it's fashionable but it's something that can happen over time, but I just don't trust it right now because it's in full swing, it's like giving an adult homework to a baby , This is still a long way from being developed, I understand that ChatGPT4 will be paid, so for now the hopes for a lot will fade little by little, I don't think that the prediction property has among its improvements, so on that side I don't The thing is painting well , because it would be chaos all betting and making the casinos unseat.

jostorres

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Quote from: Wiwo on March 27, 2023, 02:25:58 PM

Quote from: tjtonmoy on March 26, 2023, 07:59:58 PM

I wonder how far they have gone with ChatGPT-4. And Microsoft's new AI claims to be more advance than ChatGPT. It is no wonder that machine learning AIs can do a far better job than a human could and in so less time than it would take for a human to do it. Complex calculation could be done in seconds with many different data.
But everything has it two sides. AI does have its limitations based on how it was designed. But if one can create such bot or AI then it will be game changing. And it is possible to win the house. Then again, a few days back, I saw a post where a guy lost millions with an odd of 1.008 (source). So there's that.
Luck matters too.

I agree with you on the fact that Machines perform higher than humans in terms of getting a job done, but if you talk about reasoning, Machines can't reason as human and that is where the human brain is far higher than machines in terms of reasoning.

-If this is applied to gambling, you will discover that humans are more consistent in gambling and predicting the right results compared to Artificial Intelligence.

Artificial Intelligence, especially the currently existing models, was not created to be used for this purpose, to predict future outcomes, especially for gambling, so they will probably not be a suitable solution for this and will lack reasoning and many other aspects that will not allow them to come up with accurate or nearly accurate results.

So those who try to use them for something that they are not meant to be used for, I don't think they will get desired results from it. It is better to just let them be used for what they are meant to be used for instead.

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Quote from: tusandii on March 28, 2023, 03:42:11 AM

Quote from: dezoel on March 27, 2023, 03:28:29 PM

AI is a very vast technology and we are yet to see its full potential. We are only at the beginning phase of AI development and we are yet to see the real revolution. I'm sure there will be way more usage opportunities for AI in all fields of life as we proceed toward the future.

Al is indeed a very broad technology including in artificial intelligence which can greatly help anyone who uses it in the future.
But so far I haven't seen and proved that Al can be relied on.
Maybe for a casino business AI can be so useful but for gamblers like not and it's not easy for gamblers to use Al freely because every casino will prohibit gamblers who use this artificial technology to bet.
I want to ask if anyone here can prove that Al really can be relied on?

At the current stage we are on AI still needs human oversight and can't be trusted blindly. In gambling I have no experience with AI, but in investing I have seen selflearning AIs build quite complex trading strategies. The problem is that the AI sometimes identifies anomalies in the market and builds a whole strategy around, and the occurrence of the anomaly is so low that is not going to make a profit for a long time. In gambling these anomalies don't really exist, all the odds and profits are known before and analysing a lot of past games won't give an edge. Handling large sums of data is a key advantage of AI, but in gambling this won't influence future winning chances. All rounds are a new game and are not connected to each other.

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Quote from: tjtonmoy on March 27, 2023, 01:34:58 PM

Quote from: len01 on March 27, 2023, 04:20:34 AM

maybe you misplaced your reply. It's not about referrals and it's not about affiliation either.
please reread before replying!

maybe he's talking about the bonus you get by joining the gambling platform using referrals. You can use it to try out the bot or AI prediction. I'm not sure.

Quote

so it is absolutely impossible for the AI to beat the house and there is only a 0.0001% chance of beating the house.

I got your point, but when it comes to analyzing the massive data available on the internet, no human can beat a machine. Maybe some can, but not all of us. And what if the person who builds a perfect bot to predict it correctly never decides to join the platform as a recruit? I bet he can use that strategy to make a lot of money. I am just saying. Likewise, I don't know their decision. So it fair to say that it is possible to win the house using AI or Machine Learning technology. But as I said before, luck matters too.

like I said the AI has a 0.0001% chance of beating the house not that it's impossible.
but the chances are very small because beating the house is like luck. If we all know that the casino will always win, that is a certainty that cannot be ignored and if there is an AI that is indeed intelligent beyond humans, it will only be used as a consideration of the main predictions of the human mind.

on the other hand, the definition of beating the house is like an impossible thing, whereas casinos are designed to always be profitable and the casino business never goes bankrupt.

tusandii

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Quote from: dezoel on March 27, 2023, 03:28:29 PM

AI is a very vast technology and we are yet to see its full potential. We are only at the beginning phase of AI development and we are yet to see the real revolution. I'm sure there will be way more usage opportunities for AI in all fields of life as we proceed toward the future.

Al is indeed a very broad technology including in artificial intelligence which can greatly help anyone who uses it in the future.
But so far I haven't seen and proved that Al can be relied on.
Maybe for a casino business AI can be so useful but for gamblers like not and it's not easy for gamblers to use Al freely because every casino will prohibit gamblers who use this artificial technology to bet.
I want to ask if anyone here can prove that Al really can be relied on?

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Quote from: Newlifebtc on March 27, 2023, 05:54:18 PM

Quote from: Desmong on March 27, 2023, 05:32:18 PM

Quote from: bettercrypto on March 26, 2023, 05:17:32 PM

If there are people who have experienced earning from the referral scheme I can say that it is not bad if the system is done properly. Not everyone is called to be an affiliate marketer, and you have nothing to lose if you try.

Even though they are newbies in this industry, they gave the guts to do it because there are many social media platforms that can share the referral bonus and maybe it also depends on the platform you share/

Earning referral bonuses is of different type depending of what the so called casino we are using is offering.
We can earn from referring people to Casinos if we know what we are doing. This should not be a hard thing if we have a group or blog of our one where to can seeing people willing to join the casino we are adverting.

Another point I understand in referring people for a casino platform and when those people our first the particular site then also like the site because of they want to achieve the referral bonus. I believe systematically that people like referring other in a particular platform provided that casino is concern so that at the end they will have a referral bonus to play Another bet

when you referred people to a particular gambling it is for the benefit of the referrer Who will you have a bonus for referring people so that is why many people always involved in referring people for gambling so I believe that that is the reason why people refer people to the platform and those people who also refer another set of people that particular platform

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Quote from: Desmong on March 27, 2023, 05:32:18 PM

Quote from: bettercrypto on March 26, 2023, 05:17:32 PM

If there are people who have experienced earning from the referral scheme I can say that it is not bad if the system is done properly. Not everyone is called to be an affiliate marketer, and you have nothing to lose if you try.

Even though they are newbies in this industry, they gave the guts to do it because there are many social media platforms that can share the referral bonus and maybe it also depends on the platform you share/

Earning referral bonuses is of different type depending of what the so called casino we are using is offering.
We can earn from referring people to Casinos if we know what we are doing. This should not be a hard thing if we have a group or blog of our one where to can seeing people willing to join the casino we are adverting.

Another point I understand in referring people for a casino platform and when those people our first the particular site then also like the site because of they want to achieve the referral bonus. I believe systematically that people like referring other in a particular platform provided that casino is concern so that at the end they will have a referral bonus to play Another bet

Desmong

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Quote from: bettercrypto on March 26, 2023, 05:17:32 PM

If there are people who have experienced earning from the referral scheme I can say that it is not bad if the system is done properly. Not everyone is called to be an affiliate marketer, and you have nothing to lose if you try.

Even though they are newbies in this industry, they gave the guts to do it because there are many social media platforms that can share the referral bonus and maybe it also depends on the platform you share/

Earning referral bonuses is of different type depending of what the so called casino we are using is offering.
We can earn from referring people to Casinos if we know what we are doing. This should not be a hard thing if we have a group or blog of our one where to can seeing people willing to join the casino we are adverting.

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Quote from: Wiwo on March 27, 2023, 04:04:00 PM

Quote from: BobK71 on March 27, 2023, 02:58:52 PM

Of course, humans can analyze things but AI cannot. We should not request AI for prediction because they have no real sense or they can't guess. But it is possible for human. Bots are only able to provide algorithmic results. No matter how advanced this AI is, it will never be able to predict future. Humans are capable of combining emotions, feelings, and situations to give an answer that is not possible through artificial intelligence. But even if they can't give information about the future they can do other tasks smoothly which is very difficult for humans.

Being unable to analyze the current event and adapt to change quickly make the use of AI in gambling ineffective and since artificial intelligence needs configuration to work effectively it is of no use and can't predict or analyze games.

-There is no doubt that a lot of AI development has been on the increase lately but its usage is still limited due to some factors.

Exactly,AI if it is used to "beat" the house can only be used in sport betting as you cannot beat the casino in slot machines or games of luck where the house has set what is called "the house edge" in order to make the casinos always be in profit in the long run.
Now on sport betting they can give us more insights in a much shorter time span than that of which we need to analyze the game ourselves and can help us in making a decision faster but that is only for the bets we place before the game has started and once we want to make a live bet because we are watching the game live,AI has no way of helping us here,so its usage is extremely limited but as I said useful only in the bets we make before the event starts.

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