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Topic: How succesful will AI projects be to win the house? - page 23. (Read 3173 times)

legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
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?


I just skimmed the first link you shared. In the video, the man is betting using a bot that makes betting predictions. this makes me wonder, whether Al or ChatGPT can accurately predict the outcome of a sports match. because, this really doesn't make sense to me. and if it did work, all casinos would suffer inevitable losses. because, automatically gamblers will take advantage of ChatGPT to their advantage.

Once again I say, to be honest I have never once tried to use this artificial intelligence technology. So, I can't assume or judge it too far. However, if we talk about sports betting, there is no such thing as a prediction that is proven to be accurate. everything is just a prediction, even though we have gone through a series of studies and analyzes that we did before. in fact, every outcome would be decided during the game. consistent team, potentially win the fight. but if we use Al as a medium to find all the information, including information from sports teams that we need. that would obviously be of great help.
Well, the AI is not prepared to make predictions, where this works then the bookmakers and everything related to sports betting would be bankrupt, obviously the topic is in fashion, ChatGPT is in fashion, but it has many errors, don't worry marvel at what is just being developed, there is the AI in demo or beta mode, it is impossible for it to reach such speeds or for the AI as such to be a conscience where it will always be right, what it can do It is to help make mathematical, probabilistic and statistical modeling, which is a very nice tool to help with dictions, but it is not something reliable, it always has to have the judgment of a human.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino
Before you promote a project I believe that you will master the project and did not dare the elementary basis of the project before you can search that this project is worthy for someone to invest or attach it's thought into it so sometimes a reason why some people do not make a research before promoting some certain project website
You are missing the topic of discussion and I don't see any relevance of thos comments in this thread as they contribute nothing to the discussion and also seem off-topic at this point, so I advise you to read through the thread again to get familiar and build a better understanding of the topic of discussion.

-AI is a new trending topic: it has to do with the use of artificial intelligence to perform duties as humans but know that it has its shortcomings.
legendary
Activity: 2548
Merit: 1009
Leading Crypto Sports Betting & Casino Platform
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?


I just skimmed the first link you shared. In the video, the man is betting using a bot that makes betting predictions. this makes me wonder, whether Al or ChatGPT can accurately predict the outcome of a sports match. because, this really doesn't make sense to me. and if it did work, all casinos would suffer inevitable losses. because, automatically gamblers will take advantage of ChatGPT to their advantage.

Once again I say, to be honest I have never once tried to use this artificial intelligence technology. So, I can't assume or judge it too far. However, if we talk about sports betting, there is no such thing as a prediction that is proven to be accurate. everything is just a prediction, even though we have gone through a series of studies and analyzes that we did before. in fact, every outcome would be decided during the game. consistent team, potentially win the fight. but if we use Al as a medium to find all the information, including information from sports teams that we need. that would obviously be of great help.
member
Activity: 686
Merit: 21
Before you promote a project I believe that you will master the project and did not dare elementary basis of the project before you can search that this project is worthy for someone to invest or attach it's thought into it so sometimes a reason why some people do not make a research before promoting some certain project website
hero member
Activity: 2534
Merit: 605
I see most people seem to think that it is not possible to win the house, but what if the AI finds some kind of exploit and then give that as a answer to millions of people that are asking that question?

I am a human and I have spotted two flaws in casino slots (that I reported) ....but if the AI spots something, will it report it or simple do what it is designed to to... (namely to solve problems)

This makes for some interesting discussions.  Wink
AI generally will not look for flaws or glitches or anything that can give the player an advantage over the house unless you ask it to do so. AI models act only according to the prompts provided to them, so whatever you ask them to do, they will do in the best possible way they can. AI is a very vast field and we are yet to see a lot of revolution in it though.

We may see a lot of advantages in AI in the near future as companies are always working to create and implement new and more advanced AI algorithms and language-learning models. So AI surely has a bright future, but we will have to wait to see if it can come out to be good at gambling or not.
legendary
Activity: 3052
Merit: 1273
--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.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
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.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino

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?


No, the gambling algorithm is random and at the current state of AI, it won't be able to give good advice on which one will win.  It may be good on sports betting if it has access to the data of players but in games like slots, dice, and others that is luck base games, AI will fail us.  I watched a YT stream by watchgamestv using a chatbot to suggest a winning combination and most of it fail.  That alone is solid proof that AI won't be successful to win against the gambling house.
Exactly AI is not consistent and can not detect gambling algorithm so at that AI bots can communicate on the existing games to beat the house, this is what has been proven many times and its uncertainty rate is quite high.

-Artificial intelligence (AI) will not succeed in casinos and even if they exploit some vulnerability in the casino systems it will not last before the casino cashed up with them and bans the accounts involved.
hero member
Activity: 826
Merit: 641
Leading Crypto Sports Betting & Casino Platform
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?
No, I do not see the AI winning against the house, the technology of the house is in control, not the external AI. I will always say it that the house has carefully and cleverly programmed its games, and this program can never be broken by AI even if AI knows what is wrong and what to do, access can't be granted. The internal program that favours the house will always win irrespective of whether it's human or AI.

Not that AI is not super-intelligent, it can only see what the house allows it, and they might use their programs to confuse it.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS

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?


No, the gambling algorithm is random and at the current state of AI, it won't be able to give good advice on which one will win.  It may be good on sports betting if it has access to the data of players but in games like slots, dice, and others that is luck base games, AI will fail us.  I watched a YT stream by watchgamestv using chatgpt to suggest a winning combination and most of it fail.  That alone is solid proof that AI won't be successful to win against the gambling house.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
AI can be userd to play with better odds on your side, but that is not enough to win against the house, because that small percent in the house's favor will make the house always win in the long run, that's how it works.

I have done in the past some betting bots with weird betting methods that make me win, but after running them for weeks in the long way the hit a bad streak, so, if you ask to an IA to make a method to win against the casino for sure it answers will be to not play is the best way to win.

there's a reason why there's house edge. you may win from time to time but as you said, in the long run, house always win. if not, not many casinos will survive in this business if the players will win in the long run. this is why gambling business is a very lucrative one if the owners know how to handle their businesses. sure, they will pay some big winners but overall, they are still in positive side. otherwise, they won't be in the business anymore. and if in the future, they found that AI is winning over them, that's the time that they will close their services rather than be bankrupted by AI system.
sr. member
Activity: 826
Merit: 460
Winning the house is a near impossibility for me, even though it is basically assisted by AI with all its advantages lately and continues to be developed. AI can indeed provide the right formula and the right strategy in determining bets and what must be considered mathematically, but can it fight casinos that are directly controlled by casino server owners. I'm too complicated if I have to understand what's in the video to take a bet. really it's done for people who want to really win the bet and take a lot of profit.
but if the results of what the AI suggests can reach 70% -90% success, casino owners have to be careful.
legendary
Activity: 3346
Merit: 3125
AI can be userd to play with better odds on your side, but that is not enough to win against the house, because that small percent in the house's favor will make the house always win in the long run, that's how it works.

I have done in the past some betting bots with weird betting methods that make me win, but after running them for weeks in the long way the hit a bad streak, so, if you ask to an IA to make a method to win against the casino for sure it answers will be to not play is the best way to win.
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
Time will tell op. Current AI software like ChatGPT, Bard etc have their limitations(ChatGPT processes 2021 or older data etc) in the gambling world which is why it's not possible to beat the house edge through them.

However, this could change in the future thanks to advancements in the tech space. Companies wouldn't obviously allow their softwares to be used for gambling purposes, but hackers will definitely find ways to do so.

High risk, high reward at the end of the day!
legendary
Activity: 2240
Merit: 1993
A Bitcoiner chooses. A slave obeys.
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?


I think AI will most definitely be more successful than humans to find a working gambling strategy against the house but they will still not be able to actually beat the house. I think its just no way around mathematical probabilities, even for AI. But I have been wrong before, so I won't give that opinion of mine any guarantees.

It does make me wonder how powerful AI's will become. I am sure that casinos themselves already deploy certain AI to weed out cheaters, scammers etc.

Both sides of AI both pro and contra online gambling casinos will improve. So, that might be another reason why AI won't win against house.
copper member
Activity: 2800
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Leading Crypto Sports Betting & Casino Platform
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?
unless an AI can somehow create a strategy that is foolproof and ignores the casino's house edge, I don't think they can. but let's say they did, what I think would happen or the impact it will have on casinos, is casinos will ban the strategy because if they don't, it can ruin their business and possibly the gambling market.

There’s no way to remove or ignore house edge because all gambling games is designed with the rules that will make the house edge. The only way to create a strategy that will ignore it is to use a software to cheat for the result so that you can guarantee win on every bet.

But there’s a limitation on what AI can do since it’s knowledge is highly dependent on its source like the web or it’s programer. There might be few cheats software available but the casino will surely notice it once you are winning big time most of the time. Even a bot can cause you to be banned if ever someone find a foolproof strategy because casino will never allow such instrument that will increase the player win chance rate.
hero member
Activity: 2702
Merit: 672
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AI has certain limitations when it comes to predicting sports events.
Other factors such as players' injuries, environmental conditions, or strategies may not be incorporated in their system.
If AI is giving the advantage to its players, these casinos and bookies may have already stop its operations due to possible bankruptcy.
But I believe, it is still far from happening as this AI system can only work to some extent, they maybe can predict but it depends on the database they have.
For now, it is not a threat yet to these gambling sites. The sites themselves will worry if they start seeing casinos going down owed to AI winnings.
That's my point, it can easily predict matches that are so far apart from each other, e.g. a tier 3 team vs a tier 1 team (unless the skill level is so high that gaps between tiers almost become so nonexistent), in comparison to a fight between both tier 1 teams. There are a LOT of factors involved, not just strategies, injuries, or whatnot, heat moment decisions aren't exactly something you can predict, nor does every move in a game can be telegraphed like how chess can. I do believe AI will make predicting easier to some semblance, at least, it makes a lot of info accessible and can crunch it down and translate it to your average gambler, but it can't exactly include everything in its prediction. It's a basis to build up your prediction of sorts.
legendary
Activity: 2436
Merit: 1104
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?
unless an AI can somehow create a strategy that is foolproof and ignores the casino's house edge, I don't think they can. but let's say they did, what I think would happen or the impact it will have on casinos, is casinos will ban the strategy because if they don't, it can ruin their business and possibly the gambling market.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
We make a common mistakes when it comes to discussions about AI which is the overrating that we give them, we should know that they are limited to the level of potentials they can perform in carrying out a task unlike humanbeing, AI work by one way directly such a way that they only perform their task base on the program made on them, in gambling there are many ways gamblers uses their brain to win against the house edge in gambling which i believe is a pitfall on AI to do so.
People had been talking about a.i for over a while now and I am still surprised why will I have to use i.a to make my predictions when I can easily do that myself. I do play more of sportbets that is why I don't see a.i as a helping source to make me have a better winnings. I mostly depends on luck because that is what had been bringing the fortunes in.
hero member
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I see most people seem to think that it is not possible to win the house, but what if the AI finds some kind of exploit and then give that as a answer to millions of people that are asking that question?

I am a human and I have spotted two flaws in casino slots (that I reported) ....but if the AI spots something, will it report it or simple do what it is designed to to... (namely to solve problems)

This makes for some interesting discussions.  Wink
If AI development has gone so far as to figure out how to beat something like finding an exploit to win a gambling game, it may work in the future. But I think the casinos will also try to prevent this by developing AI technology, so there will be an AI technology war.

If it finds something that is a weakness of casino slots, AI will provide that data to the gambler and then depend on the gambler. Or the AI could simply attack those weaknesses and use them to the gambler's advantage. We can never imagine what will happen with AI technology because AI technology will surely develop rapidly.
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