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Topic: How succesful will AI projects be to win the house? - page 22. (Read 3187 times)

legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
One can beat the house even without using the AI <...>

No. People can't. Even AI can't.

Many people mistakenly believe that because some days you come out a winner in the casino, that means beat the house, which is not the case. When we talk about beating the house we are talking about winning consistently over the long term, and that can't happen simply because of the House Edge.
hero member
Activity: 952
Merit: 555
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You mean using AI to beat the casino house? It won't happen. All the bet results are randomly generated and an AI can't predict what the next bet will be. In the long run, you will lose to the casino due to house edge. For sports betting, maybe yes, the AI can help you analyze teams and give you strategies to place the bets, but still it can't guarantee you a win. If something like this would happen, everyone would start using AI to place bets and make all casinos go bankrupt. Eventually there would be no more casinos in the business.

One can beat the house even without using the AI because to me using AI is like a way of pretending not to be cheating against the casino, yet if you make use of it there's no guarantee that you will always win over the house because they have the kind of way they operate in making a balance to both winning and loosing if not everyone will be interested in using or getting one when gambling a d the casinos will be loosing and gamblers winning over the house.
hero member
Activity: 1484
Merit: 608
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The question is..... Is gambling still fun for many people or do they grind out many hours of gambling with zero profit at all. The house edge is so bad on many of these casinos, that you hardly see any good wins anymore.

I think many people will enjoy it more, if they can find a way to get a little more profit to extend their gambling time. I am not saying that they must find an exploit and then drain all the money in the casinos .... but rather to find a mathematical advantage to increase their win chance, with a good strategy.  Grin
Playing gambling is still fun for people who treat gambling as entertainment. But people who use gambling to make money will try to win using AI and probably spend hours gambling or looking for other sports bets. With the help of AI, they feel that they can win some money and maybe even more money because AI can provide even more information than they can find out on their own.

But surely, there will be people who will experience a lot of losses because the presence of AI can make them feel comfortable in gambling and placing bets. When a person finds comfort, he can spend more time than other people, leading to difficulties later.
By using AI (artificial intelligence ) a gambler can also increase his chances of winning in gambling but since a virtual robot will work here a gambler will never get the full enjoyment of gambling as here AI will act as a third person. But for the person who uses gambling as a source of his income, AI will be very helpful for them. Since AI depends on a program, if a program with good analytics and predictive capabilities is used for it, it will work much better for gambling and will be able to make decisions several times faster than a human.
Maybe it was because they weren't looking for information as they used to before. After all, they had started relying on AI. But the presence of AI can indeed help people to get information, and maybe that information will be more than what they got before.

And the existence of AI will bring changes in the gambling business and maybe there will be many developers who offer this AI technology to gamblers. And from the casino itself will issue AI technology to help casinos continue operating and will not allow gamblers always to win using AI. Obviously, this will make competition in the gambling business even tighter with the presence of AI.
When AI technology is used in gambling then everyone will use this technology as a result of which the casino sites will also bring their more updates due to which even using Ai it will not be possible to win gambling very easily.  As Sportbet is not a part of gambling site and it does not follow any algorithm it is played live on the field and the results are based on that score so by analyzing the previous game Ai can give a gambler a possible prediction in a short period of time. It will be a successful use of AI for gambling
sr. member
Activity: 1820
Merit: 418
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It's possible that AI could be used to develop more effective gambling strategies, as machine learning algorithms can be trained on large datasets to identify patterns and make predictions. However, it's important to note that casinos already have sophisticated systems to ensure that the odds are always in their favor. On the other hand, casinos could also use AI and other technologies to identify and counteract any potential strategies developed by AI.
hero member
Activity: 1904
Merit: 541
In the first place, the AI is not accurate, that's why it is called "Artificial" or "Fake". So I doubt the AI will beat the house edge.

If the person who has emotions and own strategy and can see what is happening now has a hard time beating the house edge, unlike AI, it doesn't have it. Especially AI machines are incapable of doing that.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
AI bots for gambling shouldn't be fully trusted and should be used only for references.
One thing that we should know is that if everyone starts using these bots then predictions will drastically change over time and eventually people will start losing money.
So in the long run, one can never beat the house.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
AIs can only provide what is available to them. They cannot change the odds nor capable of rigging certain games and odds. Maybe AI in the future can assess whether odds are fair, overstated, or understated so we can avoid and take advantage of the odds that are worth it. But again, the birth of AI also means that casinos and gambling platforms will use them to avoid leverage from each other and possible exploitations on some of its markets. So I don't think AI is able to exploit much on casino games and sports betting markets.
yes of course there is no way this technology can predict something that is detrimental to the casino for example for example to find out how to win against the house, I think also the casino has anticipated that and prevented it, after all I have tried using AI technology they only provide information that is already available and not can predict something in the future, for example predicting prices or guessing the results of matches.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
The question is..... Is gambling still fun for many people or do they grind out many hours of gambling with zero profit at all. The house edge is so bad on many of these casinos, that you hardly see any good wins anymore.

I think many people will enjoy it more, if they can find a way to get a little more profit to extend their gambling time. I am not saying that they must find an exploit and then drain all the money in the casinos .... but rather to find a mathematical advantage to increase their win chance, with a good strategy.  Grin
Playing gambling is still fun for people who treat gambling as entertainment. But people who use gambling to make money will try to win using AI and probably spend hours gambling or looking for other sports bets. With the help of AI, they feel that they can win some money and maybe even more money because AI can provide even more information than they can find out on their own.

But surely, there will be people who will experience a lot of losses because the presence of AI can make them feel comfortable in gambling and placing bets. When a person finds comfort, he can spend more time than other people, leading to difficulties later.
By using AI (artificial intelligence ) a gambler can also increase his chances of winning in gambling but since a virtual robot will work here a gambler will never get the full enjoyment of gambling as here AI will act as a third person. But for the person who uses gambling as a source of his income, AI will be very helpful for them. Since AI depends on a program, if a program with good analytics and predictive capabilities is used for it, it will work much better for gambling and will be able to make decisions several times faster than a human.
Maybe it was because they weren't looking for information as they used to before. After all, they had started relying on AI. But the presence of AI can indeed help people to get information, and maybe that information will be more than what they got before.

And the existence of AI will bring changes in the gambling business and maybe there will be many developers who offer this AI technology to gamblers. And from the casino itself will issue AI technology to help casinos continue operating and will not allow gamblers always to win using AI. Obviously, this will make competition in the gambling business even tighter with the presence of AI.
hero member
Activity: 1862
Merit: 601
The Martian Child
AIs can only provide what is available to them. They cannot change the odds nor capable of rigging certain games and odds. Maybe AI in the future can assess whether odds are fair, overstated, or understated so we can avoid and take advantage of the odds that are worth it. But again, the birth of AI also means that casinos and gambling platforms will use them to avoid leverage from each other and possible exploitations on some of its markets. So I don't think AI is able to exploit much on casino games and sports betting markets.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
You mean using AI to beat the casino house? It won't happen. All the bet results are randomly generated and an AI can't predict what the next bet will be. In the long run, you will lose to the casino due to house edge. For sports betting, maybe yes, the AI can help you analyze teams and give you strategies to place the bets, but still it can't guarantee you a win. If something like this would happen, everyone would start using AI to place bets and make all casinos go bankrupt. Eventually there would be no more casinos in the business.
hero member
Activity: 1484
Merit: 608
Vave.com - Crypto Casino
The question is..... Is gambling still fun for many people or do they grind out many hours of gambling with zero profit at all. The house edge is so bad on many of these casinos, that you hardly see any good wins anymore.

I think many people will enjoy it more, if they can find a way to get a little more profit to extend their gambling time. I am not saying that they must find an exploit and then drain all the money in the casinos .... but rather to find a mathematical advantage to increase their win chance, with a good strategy.  Grin
Playing gambling is still fun for people who treat gambling as entertainment. But people who use gambling to make money will try to win using AI and probably spend hours gambling or looking for other sports bets. With the help of AI, they feel that they can win some money and maybe even more money because AI can provide even more information than they can find out on their own.

But surely, there will be people who will experience a lot of losses because the presence of AI can make them feel comfortable in gambling and placing bets. When a person finds comfort, he can spend more time than other people, leading to difficulties later.
By using AI (artificial intelligence ) a gambler can also increase his chances of winning in gambling but since a virtual robot will work here a gambler will never get the full enjoyment of gambling as here AI will act as a third person. But for the person who uses gambling as a source of his income, AI will be very helpful for them. Since AI depends on a program, if a program with good analytics and predictive capabilities is used for it, it will work much better for gambling and will be able to make decisions several times faster than a human.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
The question is..... Is gambling still fun for many people or do they grind out many hours of gambling with zero profit at all. The house edge is so bad on many of these casinos, that you hardly see any good wins anymore.

I think many people will enjoy it more, if they can find a way to get a little more profit to extend their gambling time. I am not saying that they must find an exploit and then drain all the money in the casinos .... but rather to find a mathematical advantage to increase their win chance, with a good strategy.  Grin
Playing gambling is still fun for people who treat gambling as entertainment. But people who use gambling to make money will try to win using AI and probably spend hours gambling or looking for other sports bets. With the help of AI, they feel that they can win some money and maybe even more money because AI can provide even more information than they can find out on their own.

But surely, there will be people who will experience a lot of losses because the presence of AI can make them feel comfortable in gambling and placing bets. When a person finds comfort, he can spend more time than other people, leading to difficulties later.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
--snip--

I could bet anything you want that even before artificial intelligence becomes more refined and widespread, casino software engineers and technicians have been already been tasked to study, engineer and deploy any counter measure against possible abuse of AI to enhance odds against the house.

Besides, even if AI could be used as you say to get some profits from time to time, there would be people abusing it as often as they can and prompting casinos to do something about it even faster.

House always win, not even Skynet can change that.

TBH I really don't know how can we utilize AI bots or anything related to AI to gain anything out of gambling, but if it's real then it's already being used somewhere because if such question can arise now, then just think how long has AI been into development and how many people would have already taken advantage of it against beating the odds to some extent. I understand that nobody can beat the house, and that's what I said in the very beginning of my comment but we can't deny the disruption being made by AI in many fields and if it can snatch away an average Joe's job out of his hands, then we really don't know the reach of this outperforming technology.

To reply your doubt about the future of AI and the gambling industry, we must remember that what we are mostly seeing around internet are AI's which allows us to have realistic conversations with a machine and also generate images from words. But underneath the surface, there could be more technically advanced AIs which purpose would not be to interact with human beings directly, but rather review and alter programming languages and code.  That is the kind of threat towards cyber security and online casinos we are talking about, if that technology is used recklessly.

sr. member
Activity: 1092
Merit: 342
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We are seeing more and more projects that are almost 100% built on Artificial Intelligence, like ChatGPT. Here are a few experiments that are linked between ChatGPT and gambling....

https://www.youtube.com/watch?v=IDthta5sUGQ

https://www.youtube.com/watch?v=xw3pc-47weg

https://www.youtube.com/watch?v=fYegYNkwjR0

https://www.youtube.com/watch?v=tlFrI6cLD0E

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?

Even if we were to assume this to be true and AI was able to find some way to consistently beat the casinos at some of their games, this would not be the first time someone, or in this case something, was able to find a way to beat the casinos, at that point casinos will do what they always do, which is to adapt and change their games so this strategy is no longer effective or simply ban it from use, and if you are found to be using it anyway then they can deny you access to your account and not pay you what you won as you violated their TOS.

I see AI as businesses everywhere, I don't think an AI can beat a casino, because that means that those who make and design the games don't know how to act when there are AI attacks, and how a casino determines what it is an AI and not a normal person?If they detect it, I know why then the casinos do use the AI but for them the AI is legal but not for the players,that lends itself to thinking about it, I don't have another type of thought than that and looking at it well that does make sense , the casino sei can have advantages but not only players.
hero member
Activity: 2604
Merit: 816
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I may be wrong though, but the way I picture AI being used in gambling is that users will incur more losses than usual and will tend to bet with their emotions so badly because they will think that, after all, they are not the ones making the decisions anymore, so they will see it as a stress-free situation. I feel people will get more addicted to gambling if artificial intelligence is allowed to make some gambling decisions and predictions.
Not just talking about winning chance but also it do really removes the true essence on why you are doing gambling in the first place which is to have fun.Right?

It is true that AI might be that significant but there were no proofs that it does give out that precision which is recognizable.If ever if it was effective, then we do really believe that gambling houses and companies
wont really be making a move?

This is why its really that impossible on having such application of AI in terms of gambling activity.

The question is..... Is gambling still fun for many people or do they grind out many hours of gambling with zero profit at all. The house edge is so bad on many of these casinos, that you hardly see any good wins anymore.

I think many people will enjoy it more, if they can find a way to get a little more profit to extend their gambling time. I am not saying that they must find an exploit and then drain all the money in the casinos .... but rather to find a mathematical advantage to increase their win chance, with a good strategy.  Grin
Even though I have a large balance in my account, that doesn't mean I spend hours gambling because I rarely get big wins or wins. And if I can get win, I will immediately stop and save the winnings before I'm tempted to try playing other gambling games.

Even though, for example, I only played for 15 minutes, that was enough, meaning I had fun even though I didn't get any wins. I'm still learning to control myself and not to continue gambling or try to recover my losses because it's very difficult for me.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
I may be wrong though, but the way I picture AI being used in gambling is that users will incur more losses than usual and will tend to bet with their emotions so badly because they will think that, after all, they are not the ones making the decisions anymore, so they will see it as a stress-free situation. I feel people will get more addicted to gambling if artificial intelligence is allowed to make some gambling decisions and predictions.
Not just talking about winning chance but also it do really removes the true essence on why you are doing gambling in the first place which is to have fun.Right?

It is true that AI might be that significant but there were no proofs that it does give out that precision which is recognizable.If ever if it was effective, then we do really believe that gambling houses and companies
wont really be making a move?

This is why its really that impossible on having such application of AI in terms of gambling activity.

The question is..... Is gambling still fun for many people or do they grind out many hours of gambling with zero profit at all. The house edge is so bad on many of these casinos, that you hardly see any good wins anymore.

I think many people will enjoy it more, if they can find a way to get a little more profit to extend their gambling time. I am not saying that they must find an exploit and then drain all the money in the casinos .... but rather to find a mathematical advantage to increase their win chance, with a good strategy.  Grin
member
Activity: 80
Merit: 13
It depends on the ground in which the AI usage is administered, take a developer that already found a lip hole in a casino, there may design an artificial intelligence not that could keep on exploring and exploiting the casino for as long as their want.

Because the AI bot aims to cheat the casino until their caught and banned from accessing the casino.

In general terms, I don't think this will record a lot of success anyways, but then it's still something that abusers will always attempt to use against the casino.
hero member
Activity: 2968
Merit: 687
I may be wrong though, but the way I picture AI being used in gambling is that users will incur more losses than usual and will tend to bet with their emotions so badly because they will think that, after all, they are not the ones making the decisions anymore, so they will see it as a stress-free situation. I feel people will get more addicted to gambling if artificial intelligence is allowed to make some gambling decisions and predictions.
Not just talking about winning chance but also it do really removes the true essence on why you are doing gambling in the first place which is to have fun.Right?

It is true that AI might be that significant but there were no proofs that it does give out that precision which is recognizable.If ever if it was effective, then we do really believe that gambling houses and companies
wont really be making a move?

This is why its really that impossible on having such application of AI in terms of gambling activity.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
I may be wrong though, but the way I picture AI being used in gambling is that users will incur more losses than usual and will tend to bet with their emotions so badly because they will think that, after all, they are not the ones making the decisions anymore, so they will see it as a stress-free situation. I feel people will get more addicted to gambling if artificial intelligence is allowed to make some gambling decisions and predictions.
legendary
Activity: 1960
Merit: 3107
LE ☮︎ Halving es la purga
Well, there are players who beat the house and it happens every day, in fact, if we calculate millions of bets, it happens every second.

Then, for it to be effective you shouldn't play anymore, hence, if the game has 1% , It's going to happen at some point you lose $1 for every $100, it's going to happen.

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