You're right because the introduction of AI to gambling does not guarantee a 100% success in gambling it might only increase one's performance or reduce much loss but the chances of losing is still their, currently there is not technology or strategy that guarantees regular success in gambling it a game of both luck and skills combined and I think any years that a successful strategy is discovered then that is the end of gambling, many businesses would close down because alot of individuals if not all would want to use that strategy and it would lead to bankruptcy therefore for this not to occur the casino owners would try as much as possible to secure their business against all odds or strategies that would lead to loss money or close down completely
The summary of the replies on the topic of Technology and sports betting is that in as much as we know the potential of AI to gambling as most users have said, it just cannot replace or guarantee a 100% success. If gamblers are using AI to make predictions, I feel that the sports betting companies will also use AI to detect non-human bets or predictions. I don't know if this tech exists already, I just know that it is going to happen just as we have AI's that detect human and non-human writings. We would see it, sooner than later. 
Topic: How Technology is Changing Sports Betting - page 2. (Read 652 times)
I'm actually quite interested in sports betting AI, but I don't think it could effectively work considering games occur on a daily basis. Knowing AI, I don't think they are that up-to-date. What are the sources of information? I'm sure they're on the web, but in gambling, there's unwritten information that's crucial for our analysis. That alone would already make an AI less effective.
Maybe it's still unclear for now but sooner or later, we shall see people that are managing to get their hands on it and keeps on using it.And that all means that it's been effective to them. But as of this time, I can say that there's no need for its application and the current tech is more than enough. It doesn't mean that I'm not open to changes and adaptation.
If they develop an application specifically for sports bettors, there's a chance that we will have updated information. The developers are aware of how significant their market is, as gamblers who are risking a substantial amount of money will not hesitate to buy subscriptions, as it would make their job easier. However, I don't think it will disrupt the sports betting industry. Instead, I see a positive impact on the industry, as more people will become interested in sports betting, leading to increased profitability on their side.
If no one can testify that it's working, then I don't believe a particular AI will increase our chances of winning in gambling.
I don't see that it will help us increase a chance of winning but it will make betting easier. That should classify and differentiate it from what people are thinking of exaggerating the effect of AI in sports betting.I'm actually quite interested in sports betting AI, but I don't think it could effectively work considering games occur on a daily basis. Knowing AI, I don't think they are that up-to-date. What are the sources of information? I'm sure they're on the web, but in gambling, there's unwritten information that's crucial for our analysis. That alone would already make an AI less effective.
Maybe it's still unclear for now but sooner or later, we shall see people that are managing to get their hands on it and keeps on using it.And that all means that it's been effective to them. But as of this time, I can say that there's no need for its application and the current tech is more than enough. It doesn't mean that I'm not open to changes and adaptation.
If no one can testify that it's working, then I don't believe a particular AI will increase our chances of winning in gambling. I'm actually quite interested in sports betting AI, but I don't think it could effectively work considering games occur on a daily basis. Knowing AI, I don't think they are that up-to-date. What are the sources of information? I'm sure they're on the web, but in gambling, there's unwritten information that's crucial for our analysis. That alone would already make an AI less effective.
Technology has contributed for raising sports betting popularity, accessibility and adoption by a wide range of ages among the gambling public. Now we have gamblers from every ages and from every countries (including the ones where is forbidden) betting in a frequent basis thanks to the technological improvements and innovations which happened or evolved during the last decade.
These changes have their pros and cons and society is still learning how to deal with these drastic changes without taking drastic measures, such as the complete censorship against gambling practice and its enthusiasts.
I believe technology is unstoppable and gambling is unstoppable. The surest thing is that they are part of future, becoming more and more common in our daily routine. I say that due to the direct or indirect interactions we are having with gambling nowadays, even if you aren't a gambler or if you don't like gambling.
How has technology impacted gambling? I was just thinking that technology was making our toast crispier. Listen, people need to understand that the world is not a nursery facility. Everybody makes decisions. Some people decide not to gamble, while others do. Who gives a damn?These changes have their pros and cons and society is still learning how to deal with these drastic changes without taking drastic measures, such as the complete censorship against gambling practice and its enthusiasts.
I believe technology is unstoppable and gambling is unstoppable. The surest thing is that they are part of future, becoming more and more common in our daily routine. I say that due to the direct or indirect interactions we are having with gambling nowadays, even if you aren't a gambler or if you don't like gambling.
It's their issue if some nations can't bear the pressure and want to hide behind their "forbidden" designations. Are we really going to shed tears for every individual who succumbs to the siren call of internet gambling? Let's be brutally honest: the strong will succeed while the weak will perish. That is life, that is business, and that is nature
Online gambling is very accessible to all people and many people are caught up in it. This convenience is a warning for all of us to always pay attention to the activities of those closest to us, especially our children, so that they don't get involved in gambling at an early age and are unable to control themselves. So parental assistance is needed until they are mature enough to determine what is best for them.
Technology has contributed for raising sports betting popularity, accessibility and adoption by a wide range of ages among the gambling public. Now we have gamblers from every ages and from every countries (including the ones where is forbidden) betting in a frequent basis thanks to the technological improvements and innovations which happened or evolved during the last decade.
These changes have their pros and cons and society is still learning how to deal with these drastic changes without taking drastic measures, such as the complete censorship against gambling practice and its enthusiasts.
I believe technology is unstoppable and gambling is unstoppable. The surest thing is that they are part of future, becoming more and more common in our daily routine. I say that due to the direct or indirect interactions we are having with gambling nowadays, even if you aren't a gambler or if you don't like gambling.
How has technology impacted gambling? I was just thinking that technology was making our toast crispier. Listen, people need to understand that the world is not a nursery facility. Everybody makes decisions. Some people decide not to gamble, while others do. Who gives a damn?These changes have their pros and cons and society is still learning how to deal with these drastic changes without taking drastic measures, such as the complete censorship against gambling practice and its enthusiasts.
I believe technology is unstoppable and gambling is unstoppable. The surest thing is that they are part of future, becoming more and more common in our daily routine. I say that due to the direct or indirect interactions we are having with gambling nowadays, even if you aren't a gambler or if you don't like gambling.
It's their issue if some nations can't bear the pressure and want to hide behind their "forbidden" designations. Are we really going to shed tears for every individual who succumbs to the siren call of internet gambling? Let's be brutally honest: the strong will succeed while the weak will perish. That is life, that is business, and that is nature
Just the ease of access is already a big leap for me. It means I don't need to go thru traffic or ride a plane just to go to a casino, I just need my computer and internet, and better, smartphones can also access it.
With the addition of cryptocurrencies being injected into gambling sites and sports betting websites, it completes the ease of making a bet. Bringing cash online means paying up the middleman to do it, or the bank could restrict you with so much trouble. But with cryptocurrencies, all we need is an exchange and then we can also bet at the smallest portion if we are just doing it for fun.
But that's a good point OP. It really is a big difference now when you think about it. The AI also helps by pointing you in the right direction of your bet history.
The ease of access is one of the main factors that has made the online gambling industry grow so rapidly within the last few years. The global online gambling size is currently over $70b and is expected to grow to over $120b by 2028 which is huge. We all know as we have seen that online casinos were never as popular as they are today, and that was not so far back but just before the pandemic and covid-19 caught the world by surprise.With the addition of cryptocurrencies being injected into gambling sites and sports betting websites, it completes the ease of making a bet. Bringing cash online means paying up the middleman to do it, or the bank could restrict you with so much trouble. But with cryptocurrencies, all we need is an exchange and then we can also bet at the smallest portion if we are just doing it for fun.
But that's a good point OP. It really is a big difference now when you think about it. The AI also helps by pointing you in the right direction of your bet history.
A lot of people who used to go to land-based casinos before the pandemic switched to online platforms when land-based casinos were closed down during the pandemic and those people are now sticking to their latter choice of online platforms instead of going back to land-based casinos and it is only because of the ease these platforms provide.
Technology is changing sports itself, it would be naive to think it wouldn't change sports betting as well. Sports players end up being much better than the ones we had 10-20-30 years ago and more, new generations are amazing and rules change just because of them.
Think about it, pick any sport you want, pick something like NBA for example, Westbrook is an MVP and all but plays for bare minimum right now, and if you put his current self, not the 2016 or so great self, him in his today shape, back into 70's, that dude would be breaking records after records and getting like 10 rings in a row. Think about someone even better, like Lebron James, back in 80's, that dude would slap Bird and Magic together all by himself. We are talking about sports growing and getting better, not just talent.
Think about it, pick any sport you want, pick something like NBA for example, Westbrook is an MVP and all but plays for bare minimum right now, and if you put his current self, not the 2016 or so great self, him in his today shape, back into 70's, that dude would be breaking records after records and getting like 10 rings in a row. Think about someone even better, like Lebron James, back in 80's, that dude would slap Bird and Magic together all by himself. We are talking about sports growing and getting better, not just talent.
snip
.
.Casinos may not have to develop such a system and they could use what they have already, after all most gamblers concentrate on their favorite leagues as a way to increase their chances of winning due to the knowledge they have about it, but an expert sport bettor may bet on many different leagues always taking the best lines, so casinos can see that they are a professional and limit their accounts, the same tactic will work against an AI, and since the person behind the AI has to be the one registering an account then this will effectively ban that AI from the casino in question.
It is very important to catch up the trend so if casinos settled for what they already have as security system then their system maybe out performed by AI in the next few years this not only applies to casinos its just same to every website and who understand the cyber security may get the point more clearly than an average joe. .
.Casinos may not have to develop such a system and they could use what they have already, after all most gamblers concentrate on their favorite leagues as a way to increase their chances of winning due to the knowledge they have about it, but an expert sport bettor may bet on many different leagues always taking the best lines, so casinos can see that they are a professional and limit their accounts, the same tactic will work against an AI, and since the person behind the AI has to be the one registering an account then this will effectively ban that AI from the casino in question.
Technology has contributed for raising sports betting popularity, accessibility and adoption by a wide range of ages among the gambling public. Now we have gamblers from every ages and from every countries (including the ones where is forbidden) betting in a frequent basis thanks to the technological improvements and innovations which happened or evolved during the last decade.
These changes have their pros and cons and society is still learning how to deal with these drastic changes without taking drastic measures, such as the complete censorship against gambling practice and its enthusiasts.
I believe technology is unstoppable and gambling is unstoppable. The surest thing is that they are part of future, becoming more and more common in our daily routine. I say that due to the direct or indirect interactions we are having with gambling nowadays, even if you aren't a gambler or if you don't like gambling.
These changes have their pros and cons and society is still learning how to deal with these drastic changes without taking drastic measures, such as the complete censorship against gambling practice and its enthusiasts.
I believe technology is unstoppable and gambling is unstoppable. The surest thing is that they are part of future, becoming more and more common in our daily routine. I say that due to the direct or indirect interactions we are having with gambling nowadays, even if you aren't a gambler or if you don't like gambling.
Quote
Ah, but what’s good for the sports bettor is good for the sportsbook. Sportsbooks won’t ever shut down wagers on AI driven bets one-hundred percent, but they may request a larger vig, more juice, to place bets on AI driven options.
Do you really think so? I think that the sportsbooks are pretty much the same as casinos. The casino wins when the players lose.
The sportsbooks aren't so different.
AI cannot predict the outcomes of sports events. They might be helpful in gathering and analyzing data about past performance of the sports teams and athletes, but that doesn't reduce the luck factor in any sports event.
By the way, how can a sportsbook platform reveal which bets are AI driven and which bets are not AI driven? I don't think that the sportsbooks have such tracking system in hand.
But if you think about it logically, if everyone would be using the same Artificial Intelligence tools to get ahead, then does anyone actually gain an advantage? I think the given odds will reflect this. If technology becomes more advanced, the less profitable sport betting will become.
Personally I am not a fan of using AI when it comes to betting or trading. The reason is very simple: AI will never be able to out-do the human mind and furthermore, gambling in such a fashion is absolutely no fun.
And one thing artificial intelligence technology has aimed to do in every sector they go it to make things more advanced technologically and if this enters the sport betting then we may see people giving up on sport betting if they keep losing or it doesn't favor them.
Well I doubt that people will be giving up on sports betting, but rather they will be giving up on trying to find a tool or a way to analyse the outcome of their sports bets. Right now technology is still not at the point where anyone can make accurate predictions on which team or player will win and not even Artificial Intelligence has the power to do that. But yes, the more technology advances, the more people will give up on sports predictions. At some point we probably will have a public AI tool that plainly shows its prediction to the public and everyone will go with that.
Quote
Ah, but what’s good for the sports bettor is good for the sportsbook. Sportsbooks won’t ever shut down wagers on AI driven bets one-hundred percent, but they may request a larger vig, more juice, to place bets on AI driven options.
Do you really think so? I think that the sportsbooks are pretty much the same as casinos. The casino wins when the players lose.
The sportsbooks aren't so different.
AI cannot predict the outcomes of sports events. They might be helpful in gathering and analyzing data about past performance of the sports teams and athletes, but that doesn't reduce the luck factor in any sports event.
By the way, how can a sportsbook platform reveal which bets are AI driven and which bets are not AI driven? I don't think that the sportsbooks have such tracking system in hand.
Quote
Ah, but what’s good for the sports bettor is good for the sportsbook. Sportsbooks won’t ever shut down wagers on AI driven bets one-hundred percent, but they may request a larger vig, more juice, to place bets on AI driven options.
Do you really think so? I think that the sportsbooks are pretty much the same as casinos. The casino wins when the players lose.
The sportsbooks aren't so different.
AI cannot predict the outcomes of sports events. They might be helpful in gathering and analyzing data about past performance of the sports teams and athletes, but that doesn't reduce the luck factor in any sports event.
By the way, how can a sportsbook platform reveal which bets are AI driven and which bets are not AI driven? I don't think that the sportsbooks have such tracking system in hand.
To get true decentralization, to have the power of a sports handicapper in your hands, you must use a bitcoin and blockchain sportsbook.
Making use of a blockchain sportbook in gambling is one of the best decision to make while having adequate gambling experience especially for the lovers of sports bettings, everything with this technology had been made simplified with the blockchain technology because it had been improvised with better experience, let's try to make the best use of this technology with cryptocurrency to have the most amazing fantasy with sport betting through a decentralized network. So although blockchain technology has provided us with great advantages by providing us ways to deposit and withdraw money into casinos and sportsbooks without involving any third-party, I believe we are yet to actually achieve decentralized gambling without the fear of getting scammed.
AI or no AI the result will be similar, humans created something that is more smarter than them? How? 
I believe AI can only be use to help so paper work in any casinos, it's programmed to get things down faster and more accurately but what will be the benefits of gamblers using AI? You will lose less? You will still lose tons of money if you are not using your head and oy following your mind.
How advanced the gambling space could be it has nothing to do with your winning chance, this is why I care less about web 3 claimed online casinos, I don't see any reason to leave behind web 2 gambling games for web 3, I ain't going to win more if I move to web 3.
As a gambler, do not depend on AI, be a responsible gambler, that's the main goal and accept what comes after this the way it is, do not chase losses and only use the amount you can afford to lose.
That's because your chances of winning depend on your luck. And it will be difficult because we don't know when our luck will come. And if AI is also implemented or used by gamblers, gamblers also cannot predict whether, by using or not using AI, they will be luckier. I don't think so because luck can't always appear when we are gambling. And only people who deserve good luck can get it. I believe AI can only be use to help so paper work in any casinos, it's programmed to get things down faster and more accurately but what will be the benefits of gamblers using AI? You will lose less? You will still lose tons of money if you are not using your head and oy following your mind. How advanced the gambling space could be it has nothing to do with your winning chance, this is why I care less about web 3 claimed online casinos, I don't see any reason to leave behind web 2 gambling games for web 3, I ain't going to win more if I move to web 3.
As a gambler, do not depend on AI, be a responsible gambler, that's the main goal and accept what comes after this the way it is, do not chase losses and only use the amount you can afford to lose.
As gamblers, we must be responsible gamblers with or using AI and not chasing losses. And the important thing is that we don't break the rules of the casino, especially if the casino prohibits its users from using AI. It will have an impact on our gambling account.
AI or no AI the result will be similar, humans created something that is more smarter than them? How? I believe AI can only be use to help so paper work in any casinos, it's programmed to get things down faster and more accurately but what will be the benefits of gamblers using AI? You will lose less? You will still lose tons of money if you are not using your head and oy following your mind.
How advanced the gambling space could be it has nothing to do with your winning chance, this is why I care less about web 3 claimed online casinos, I don't see any reason to leave behind web 2 gambling games for web 3, I ain't going to win more if I move to web 3.
As a gambler, do not depend on AI, be a responsible gambler, that's the main goal and accept what comes after this the way it is, do not chase losses and only use the amount you can afford to lose.
I believe AI can only be use to help so paper work in any casinos, it's programmed to get things down faster and more accurately but what will be the benefits of gamblers using AI? You will lose less? You will still lose tons of money if you are not using your head and oy following your mind. How advanced the gambling space could be it has nothing to do with your winning chance, this is why I care less about web 3 claimed online casinos, I don't see any reason to leave behind web 2 gambling games for web 3, I ain't going to win more if I move to web 3.
As a gambler, do not depend on AI, be a responsible gambler, that's the main goal and accept what comes after this the way it is, do not chase losses and only use the amount you can afford to lose.
Advancements in sports betting acceptance
Acceptance isn’t exactly a technological advancement. But it qualifies for this list because it’s a major advancement in online sports betting.
U.S.-based organizations like DraftKings and BetMGM have opened the door for sports betting as a viable, accepted, form of entertainment. However, organizations like DraftKings and BetMGM are running traditional operations, meaning they are as centralized as a brick and mortar Vegas sportsbook.
Is sports betting really becoming more mainstream? I thought that sports betting already has been quite popular and that even 50 years ago, people where happily betting on all types of different sports. Horse betting is one of those things that I have seen countless times in old movies, but in my country there it's not common anymore. We rarely have any horses here and having a huge arena only for horses running seems not really practical anymore in today's world. In my country the most common sport people are betting on is Football and Tennis. It's great if betting becomes more popular and attracts more people, because the more sport types can be offered and less popular matches will be possible to bet on. A big part of the wider acceptance of sports betting we can see in the advertising of the big sportsbooks. Many of the big teams have the name of casinos or bookmakers on their tricots and with so many games being shown on TV these days, millions of people are seeing them. The reach for companies to advertise via sports increase a lot over the last few years and it’s good that gambling companies can take advantage of it.
Quote
Ah, but what’s good for the sports bettor is good for the sportsbook. Sportsbooks won’t ever shut down wagers on AI driven bets one-hundred percent, but they may request a larger vig, more juice, to place bets on AI driven options.
Do you really think so? I think that the sportsbooks are pretty much the same as casinos. The casino wins when the players lose.
The sportsbooks aren't so different.
AI cannot predict the outcomes of sports events. They might be helpful in gathering and analyzing data about past performance of the sports teams and athletes, but that doesn't reduce the luck factor in any sports event.
By the way, how can a sportsbook platform reveal which bets are AI driven and which bets are not AI driven? I don't think that the sportsbooks have such tracking system in hand.
Top 4 Technological Advancements for Sports Betting
Sports betting AI
We add a question mark to number two. Eventually, AI will get so advanced that an artificial intelligence program should allow sports bettors to quickly identify bets with the highest probabilities of scoring wins.
Ah, but what’s good for the sports bettor is good for the sportsbook. Sportsbooks won’t ever shut down wagers on AI driven bets one-hundred percent, but they may request a larger vig, more juice, to place bets on AI driven options.
So AI driven options may present a double-edged sword. All advancements in all technology isn’t always the best thing. Sharpening your handicapping skills will always be the best option to finding winning wagers because AI will never develop sports betting intuition.
AI in sports betting will leave no room for personal improvement of the gambler. For example, an individual is able to make their review and analysis they lose a bets. In their next bet, they would have learned a lesson and made improvements. This is not so with AI if you lost a bet using AI's prediction, how would you know what went wrong? That is one of the limitations with using AI. Another limitation is AI needs to be trained and retrained with new data and its model needs to be improved upon. Well this is not the case as we are still in the early stages where it cannot training itself on the go, using it for sports betting will see a lot of outdate information and inaccuracies. Therefore, I encourage anyone using AI for sports betting to do so with caution due to its effectiveness. I will always pick personal experience and a solid betting strategy over AI sports bet predictions. Sports betting AI
We add a question mark to number two. Eventually, AI will get so advanced that an artificial intelligence program should allow sports bettors to quickly identify bets with the highest probabilities of scoring wins.
Ah, but what’s good for the sports bettor is good for the sportsbook. Sportsbooks won’t ever shut down wagers on AI driven bets one-hundred percent, but they may request a larger vig, more juice, to place bets on AI driven options.
So AI driven options may present a double-edged sword. All advancements in all technology isn’t always the best thing. Sharpening your handicapping skills will always be the best option to finding winning wagers because AI will never develop sports betting intuition.
Regarding the use of AI, the information obtained has been patented and of course we cannot know all of this information whether it is really feasible to be the basis for predicting results or not and when an error occurs we can never learn from the error.
But even so, for now we can see that there are quite a lot of people who are too exaggerated in assessing Al or even too proud of Al as the best artificial intelligence technology.
No one will advise gamblers to use Al in making betting predictions, but at least don't let a gambler really depend on Al because it can have a bad impact in the long run.
Jump to: