How succesful will AI projects be to win the house? - page 19.

Mauser

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Quote from: Rabata on March 21, 2023, 07:26:05 AM

AI has been able to bring massive changes in every field. In Casino gambling use of artificial intelligence is also rise tremendously. AI is now playing a huge role in every part of prediction and analysis. Where earlier one had to wait for others' analysis and wait for a long time but now it is no longer necessary. Making predictions based on all information and data for very fast in gambling AI will contribute the most.

While it's true that AI is making a lot of changes and has huge potential in the way it's quickly analysing data and learning from it, I am not convinced that it will make many changes to the gambling industry. Back in high-school I learned a bit about casinos in my statics class and the first we focused on was that gambling rounds are independent from each other. So even after analysing all the past rounds over several months, is not going to change the odds of us winning or losing. Every new round is going to give us the exact same odds, which makes it very hard to find a winning strategy. Every casino game has a house edge to ensure that casino is making money long term. If there were strategies that make a consistent profit for the gambler than the casino would need to change it's games, otherwise they would go bankrupt.

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AI has been able to bring massive changes in every field. In Casino gambling use of artificial intelligence is also rise tremendously. AI is now playing a huge role in every part of prediction and analysis. Where earlier one had to wait for others' analysis and wait for a long time but now it is no longer necessary. Making predictions based on all information and data for very fast in gambling AI will contribute the most.

gunhell16

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Quote from: maydna on March 19, 2023, 06:09:49 AM

Quote from: bettercrypto on March 18, 2023, 07:05:15 PM

Quote from: Kelvinid on March 17, 2023, 10:23:32 AM

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

Quote from: Daltonik on March 12, 2023, 07:59:56 AM

A bot that makes sports betting predictions, according to the author of the first video, it seems to me that it may well be a useful tool that makes it easier for players to bet on a possible winner, because not everyone is deeply immersed in the events of different sports and an extra analysis will always be useful.

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:

...

This would tell us that no perfect technology that could see what will happen next. Though we can appreciate how this AI has been created but when it comes to gambling, they are just like us humans and they can be wrong. At the end of the day, the house still makes money even though all gamblers will use this technology.

Because what I see is that everything that has been created has some limitations and so we can't expect AI's knows everything and is able to surpass theeir limitation.

I don't believe that AI knows everything because first of all it is known if others have also noticed that AI is not updated in cryptocurrency and it is not accurate either, how did I say it? because when it comes to matters related to human emotions, it will no longer be able to answer the question correctly.

That's one of the reasons why that is no longer covered by AI because it is no longer in their program, therefore when it comes to gambling in the casino it can only provide guidlines or options that we can choose but not at the point where the gamblers will win on the house edge, because if that is true the casinos will not apply the AI system because they will only lose to the gamblers who always win in their casino, this is the logic that I see in my understanding.

AI may not know everything yet because it is still under development by the developers so we cannot rely on AI for our daily activities. I can only imagine that AI will be like the AI we have seen in fiction films that collaborate with humans to carry out their daily activities.

Maybe casinos will also implement AI to protect their business from the invasion of gamblers who use AI, but I don't know. That's still far from my imagination and we also don't know what the future development of AI will be like. But if there is an AI that can provide more accurate information for gamblers, maybe gamblers will take that info to their advantage in betting.

At this point that you said, I have seen some AI movies where they are usually the partners of humans, based on the show AI can be used for good and bad, then I also watched one where the creator was killed by an AI robot to him as if the AI used to have emotions which is really impossible.

Now the AI that is being developed in relation to the gambling casino is still not perfect and there are not many users of it, it is still in the experimental stage. So there are still many arguments about it.

Desmong

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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.

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Quote from: shasan on March 19, 2023, 07:30:08 PM

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

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

I want to say that gambling is not for the fun hence gambling is for addiction. For fun, people play free games or those games which have not have such an option to win based on the amount of betting. Though there is only a portion of people use gambling sites for fun/refreshment but the majority of people are addicted to winning more funds or recovering losses on gambling.

I totally agree. I have always found it hard to comprehend that a gambler is playing only "for the fun" while risking the loss of their money. I understand for the thrill, though that also comes with addiction in a way. As to gain thrill, a large risk would have to be taken, which would likely mean the bet is irresponsible and thus it is more addiction than it is for fun.

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

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

I want to say that gambling is not for the fun hence gambling is for addiction. For fun, people play free games or those games which have not have such an option to win based on the amount of betting. Though there is only a portion of people use gambling sites for fun/refreshment but the majority of people are addicted to winning more funds or recovering losses on gambling.

CryptoHeadlineNews

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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

maydna

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Quote from: bettercrypto on March 18, 2023, 07:05:15 PM

Quote from: Kelvinid on March 17, 2023, 10:23:32 AM

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

Quote from: Daltonik on March 12, 2023, 07:59:56 AM

A bot that makes sports betting predictions, according to the author of the first video, it seems to me that it may well be a useful tool that makes it easier for players to bet on a possible winner, because not everyone is deeply immersed in the events of different sports and an extra analysis will always be useful.

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:

...

This would tell us that no perfect technology that could see what will happen next. Though we can appreciate how this AI has been created but when it comes to gambling, they are just like us humans and they can be wrong. At the end of the day, the house still makes money even though all gamblers will use this technology.

Because what I see is that everything that has been created has some limitations and so we can't expect AI's knows everything and is able to surpass theeir limitation.

I don't believe that AI knows everything because first of all it is known if others have also noticed that AI is not updated in cryptocurrency and it is not accurate either, how did I say it? because when it comes to matters related to human emotions, it will no longer be able to answer the question correctly.

That's one of the reasons why that is no longer covered by AI because it is no longer in their program, therefore when it comes to gambling in the casino it can only provide guidlines or options that we can choose but not at the point where the gamblers will win on the house edge, because if that is true the casinos will not apply the AI system because they will only lose to the gamblers who always win in their casino, this is the logic that I see in my understanding.

AI may not know everything yet because it is still under development by the developers so we cannot rely on AI for our daily activities. I can only imagine that AI will be like the AI we have seen in fiction films that collaborate with humans to carry out their daily activities.

Maybe casinos will also implement AI to protect their business from the invasion of gamblers who use AI, but I don't know. That's still far from my imagination and we also don't know what the future development of AI will be like. But if there is an AI that can provide more accurate information for gamblers, maybe gamblers will take that info to their advantage in betting.

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Quote from: tusandii on March 19, 2023, 12:46:08 AM

Quote from: klidex on March 16, 2023, 02:45:57 AM

Quote from: tusandii on March 15, 2023, 08:21:21 PM

Actually Al could beat the house edge but his chances are still low because after all no one can ever beat the house.
Even if one can make their own strategy and see what's going on it's still no guarantee of winning the house.
Unless luck is on your side, victory is inevitable, because nothing can stop someone's luck except the person himself.
So far only a few people can beat the house and even then it's very rare to even have only 1 or 2 people in a thousand.

What do you mean there are few people who can beat the house? Who is it ?
In all my time in gambling I've never come across a gambler who can beat the house, that's impossible.
Or maybe you mean the person you said was just because you got a big win after that you said you could beat the house?
A gambler who gets a big win doesn't mean that it seems like he can beat the house, but look at the numbers he has lost and won to see if they are comparable.
It's funny when you say anyone can beat the house.

Yes, it's because you get a big win that a gambler can be said to beat the house.
Even though what you get cannot be compared to what has been lost before, at least at that time gamblers can win and beat the house. This kind of thing actually makes a proud impression because not everyone can beat the house even just once.
Don't you know that not everyone has good luck. If you only rely on gambling to get profit, then that is not the right action, so even though the victory is not commensurate with what you have lost before, we can still feel happiness from that win.

I'm in a very philosophical mood today, and I can't wait to dive into this amazing topic! People, it's a fact: not everyone can beat the house, but that doesn't mean we should bet our way to riches. Someone wise once said, and I'm paraphrasing here, "You can't control everything, but you can control your response." Even if we don't get rich, the trip can still be fun.

Friends, the trip is just as important as where you're going. When we only care about the big prize, we miss out on all the amazing lessons and experiences we could have learned along the way. We can learn a lot about ourselves and how we handle money through gambling. It teaches us how to be focused, have patience, and plan like a genius. We know how hard it was to get where we are now, so when we win, it feels great.

tusandii

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Quote from: klidex on March 16, 2023, 02:45:57 AM

Quote from: tusandii on March 15, 2023, 08:21:21 PM

Actually Al could beat the house edge but his chances are still low because after all no one can ever beat the house.
Even if one can make their own strategy and see what's going on it's still no guarantee of winning the house.
Unless luck is on your side, victory is inevitable, because nothing can stop someone's luck except the person himself.
So far only a few people can beat the house and even then it's very rare to even have only 1 or 2 people in a thousand.

What do you mean there are few people who can beat the house? Who is it ?
In all my time in gambling I've never come across a gambler who can beat the house, that's impossible.
Or maybe you mean the person you said was just because you got a big win after that you said you could beat the house?
A gambler who gets a big win doesn't mean that it seems like he can beat the house, but look at the numbers he has lost and won to see if they are comparable.
It's funny when you say anyone can beat the house.

Yes, it's because you get a big win that a gambler can be said to beat the house.
Even though what you get cannot be compared to what has been lost before, at least at that time gamblers can win and beat the house. This kind of thing actually makes a proud impression because not everyone can beat the house even just once.
Don't you know that not everyone has good luck. If you only rely on gambling to get profit, then that is not the right action, so even though the victory is not commensurate with what you have lost before, we can still feel happiness from that win.

joniboini

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Quote from: bettercrypto on March 18, 2023, 07:05:15 PM

I don't believe that AI knows everything because first of all it is known if others have also noticed that AI is not updated in cryptocurrency and it is not accurate either, how did I say it? because when it comes to matters related to human emotions, it will no longer be able to answer the question correctly.

At the end of the day, AI is just a tool, anyone can use machine learning and build a bot specifically for crypto if they really want to. I don't see why the need to correctly measure human emotion anyway if you're talking about making bets. If anything, they can simply disregard any emotional instability when making decisions and just look at technical/statistics data that leans more to the winning side. It is not that far off considering we see many trading bots with more advanced features nowadays. Whether it is worth it or not is a different question.

Quote from: bettercrypto on March 18, 2023, 07:05:15 PM

That's one of the reasons why that is no longer covered by AI because it is no longer in their program, therefore when it comes to gambling in the casino it can only provide guidlines or options that we can choose but not at the point where the gamblers will win on the house edge, because if that is true the casinos will not apply the AI system because they will only lose to the gamblers who always win in their casino, this is the logic that I see in my understanding.

It is hard to understand what you're trying to say. Are you saying that casinos or any platform can ban AI if AI gives its users more profits? That's certainly true, but bots are common nowadays, and it is also a form of AI. I don't see any platform going bankrupt just because the user uses a bot, not to mention they can simply change things to prevent the algorithm that the bot uses from always working. In the end, there are many ways to circumvent the issue.

bettercrypto

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Quote from: Kelvinid on March 17, 2023, 10:23:32 AM

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

Quote from: Daltonik on March 12, 2023, 07:59:56 AM

A bot that makes sports betting predictions, according to the author of the first video, it seems to me that it may well be a useful tool that makes it easier for players to bet on a possible winner, because not everyone is deeply immersed in the events of different sports and an extra analysis will always be useful.

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:

...

This would tell us that no perfect technology that could see what will happen next. Though we can appreciate how this AI has been created but when it comes to gambling, they are just like us humans and they can be wrong. At the end of the day, the house still makes money even though all gamblers will use this technology.

Because what I see is that everything that has been created has some limitations and so we can't expect AI's knows everything and is able to surpass theeir limitation.

I don't believe that AI knows everything because first of all it is known if others have also noticed that AI is not updated in cryptocurrency and it is not accurate either, how did I say it? because when it comes to matters related to human emotions, it will no longer be able to answer the question correctly.

That's one of the reasons why that is no longer covered by AI because it is no longer in their program, therefore when it comes to gambling in the casino it can only provide guidlines or options that we can choose but not at the point where the gamblers will win on the house edge, because if that is true the casinos will not apply the AI system because they will only lose to the gamblers who always win in their casino, this is the logic that I see in my understanding.

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Was it to win against the house or for the casino to win more?
Maybe it will depend on the script.
If it's against the house, then I seriously doubt that. They have all the resources to trace this kind of anomaly and tweaking the system will be easy for them.
If it's the house adding more percentage for them to win then I guess this will be too unfair for the gamblers. Why would they even add more chance to win against us if they are already swimming in money due to the higher number of gamblers losing than winning?

Wiwo

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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.

TimeTeller

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Quote from: serjent05 on March 18, 2023, 05:36:50 PM

Quote from: taufik123 on March 18, 2023, 01:13:07 PM

Quote from: virasog on March 18, 2023, 04:08:53 AM

-snip-
You can use AI for different purposes but using it to predict matches and to bet on the matches based on the result of the AI is not a wise thing to do. Also paying for GPT-4 or any AI software is even more stupid thing because even a paid version of the tool has no clue of the future.

No matter how sophisticated AI technology is, it will not be able to provide accurate future guidance, all of that is only based on Probability because ChatGPT has complex supporting data and is studied with its intelligence.

Someone's luck cannot be detected by AI, maybe in the prediction TEAM A will win with valid supporting data, but if TEAM B is lucky and turns out to be superior in the final round, then the prediction will not be accurate.

Provided with a paid version it can be used for other knowledge purposes, there is much that can be explored apart from asking about betting predictions.

Another thing, AI also cannot detect the present conditions of the player. Also, it cannot detect the game strategy of the team. AI is good for data analysis of the previous event but it is not good in predicting the present activities thus that made AI less effective in predicting the game results. There are also a situation that is unseen by AI like injuries, current game performance, and many more. So as for me, AI is only good in comparing team data, the history of strengths and weaknesses of the team's performance but not the current events so depending on AI is disastrous if there are several changes and development in teams right before their game.

That's the blind spot of AI. They can only use the previous history of the event.
But as you said, the current conditions or techniques of the team, they won't know it.
So for me, AI may get a good prediction for the event, but they will always miss something, so it won't be 100% accurate.
Also, if the sportsbooks already learned that AI are giving them trouble, which means, the percentage of winnings are getting higher, definitely,
they will act on this situation. I don't think they will let the AI bankrupt their business.

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Quote from: taufik123 on March 18, 2023, 01:13:07 PM

Quote from: virasog on March 18, 2023, 04:08:53 AM

-snip-
You can use AI for different purposes but using it to predict matches and to bet on the matches based on the result of the AI is not a wise thing to do. Also paying for GPT-4 or any AI software is even more stupid thing because even a paid version of the tool has no clue of the future.

No matter how sophisticated AI technology is, it will not be able to provide accurate future guidance, all of that is only based on Probability because ChatGPT has complex supporting data and is studied with its intelligence.

Someone's luck cannot be detected by AI, maybe in the prediction TEAM A will win with valid supporting data, but if TEAM B is lucky and turns out to be superior in the final round, then the prediction will not be accurate.

Provided with a paid version it can be used for other knowledge purposes, there is much that can be explored apart from asking about betting predictions.

Another thing, AI also cannot detect the present conditions of the player. Also, it cannot detect the game strategy of the team. AI is good for data analysis of the previous event but it is not good in predicting the present activities thus that made AI less effective in predicting the game results. There are also a situation that is unseen by AI like injuries, current game performance, and many more. So as for me, AI is only good in comparing team data, the history of strengths and weaknesses of the team's performance but not the current events so depending on AI is disastrous if there are several changes and development in teams right before their game.

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Quote from: taufik123 on March 18, 2023, 01:13:07 PM

Quote from: virasog on March 18, 2023, 04:08:53 AM

-snip-
You can use AI for different purposes but using it to predict matches and to bet on the matches based on the result of the AI is not a wise thing to do. Also paying for GPT-4 or any AI software is even more stupid thing because even a paid version of the tool has no clue of the future.

No matter how sophisticated AI technology is, it will not be able to provide accurate future guidance, all of that is only based on Probability because ChatGPT has complex supporting data and is studied with its intelligence.

Someone's luck cannot be detected by AI, maybe in the prediction TEAM A will win with valid supporting data, but if TEAM B is lucky and turns out to be superior in the final round, then the prediction will not be accurate.

Provided with a paid version it can be used for other knowledge purposes, there is much that can be explored apart from asking about betting predictions.

I totally get what you're saying. AI has come a long way and can provide us with some pretty accurate analyzes based on historical data and trends, but there are still certain things that are outside of its capabilities. Like, you know, luck and human behavior can definitely impact the outcome of things, especially in sports competitions, so therefore I wouldn't trust AI predictions without hesitation.

But, that being said, AI technology still has so many other amazing uses! I mean, think about it - it can help us automate certain tasks, identify patterns and trends, and even make recommendations. For example, in the world of sports, AI algorithms can analyze a team's past performance, player statistics, and other relevant factors to make predictions about the outcome of a game. While these predictions are not always accurate, they can still be helpful in making informed decisions.

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Quote from: virasog on March 18, 2023, 04:08:53 AM

-snip-
You can use AI for different purposes but using it to predict matches and to bet on the matches based on the result of the AI is not a wise thing to do. Also paying for GPT-4 or any AI software is even more stupid thing because even a paid version of the tool has no clue of the future.

No matter how sophisticated AI technology is, it will not be able to provide accurate future guidance, all of that is only based on Probability because ChatGPT has complex supporting data and is studied with its intelligence.

Someone's luck cannot be detected by AI, maybe in the prediction TEAM A will win with valid supporting data, but if TEAM B is lucky and turns out to be superior in the final round, then the prediction will not be accurate.

Provided with a paid version it can be used for other knowledge purposes, there is much that can be explored apart from asking about betting predictions.

virasog

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Quote from: taufik123 on March 18, 2023, 12:13:47 AM

Quote from: Peanutswar on March 17, 2023, 11:48:49 PM

-snip-
But if you play in the sports gambling its really effective because the data you must need is they can provide instantly.

Expecting on ChatGPT as a prediction engine for sports gambling is also not reliable.
ChatGPT depends on the database it has, while the database collected and studied at this time is only in 2021, and after that ChatGPT cannot find any data.

and sports matches continue to make updates such as players, player conditions, and weather conditions at that time.
Then the prediction will not be accurate because the data used is not supporting the latest match.

And now that GPT-4 is also available and it's paid, maybe the data used has been updated to 2023.
But are you willing to pay just to make predictions that are not necessarily 100% accurate?

Just think of a moment that the AI has all the data up to date about all the teams, players and matches but AI does not have the data of the future. No matter in the past, the player or team won many matches and AI will predict the same team to be the winner in future matches but there is no guarantee that this will happen. It is only a probability that one team has more chance of winning than the other team.

You can use AI for different purposes but using it to predict matches and to bet on the matches based on the result of the AI is not a wise thing to do. Also paying for GPT-4 or any AI software is even more stupid thing because even a paid version of the tool has no clue of the future.

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Quote from: Nrcewker on March 15, 2023, 08:18:18 PM

No matter whatever strategy you use, how many AI you integrate, the house always wins in the legacy gambling games. I cannot explain you with a proof, but I am sure many of the gamblers will agree with me. The seeds are designed in a such manner that it’s probably fair, but at the same time it, favours the house. Moreover I don’t like AI managing our money, as at the end of the day, these are robots only. So if any mistake happens, then no one can be kept accountable for it. So I don’t think AIs will be successful in beating the house.

Definitely. AI will never be reliable enough to beat the house, as the house will always have an edge over the players. As most of the gambling games are still luck based, so even if you use the best AI tools or the best working strategies you have onhand, that will not give you an assurance to win over the house. Gambling is designed to spend our money and gamble more, and to make the house always win over its gamblers. That is how gambling casinos end up richer while making the players poorer once they leave the house.

Topic: How succesful will AI projects be to win the house? - page 19. (Read 3140 times)