Topic: How Technology is Changing Sports Betting - page 3. (Read 652 times)

AI can give us an idea by analyzing data, but betting-related data cannot tell us exactly what will happen. The presence of the human factor in sports shows us that the same results will not always happen. For example, a soccer player cannot always score in the same position. A player may have scored in the previous 5 positions, but there is no guarantee that he will score in the 6th position. AI tells us that the probability is high, but there is no guarantee that it will happen again.

The data only gives us an idea. The data cannot tell us what will happen. It is up to us to trust and believe this data. When it comes to sports betting, I don't exchange opinions with AI. For most sports, data is actively being processed and it already gives us data. We can look at that and form our own opinion.

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.

Tech have currently influenced the way we do things in gambling, changing entirely everything, good way to reduce stress. Only our predictions doesn't stand a chance, rather we ought to stick to the new tech that's absolutely running smoothly. Al is the present tech that have done more work than the human brains it provides the essential information needed and gives us good opinions on what to expect in the game. Most of us remain reluctant and depend on mostly on it for game analysis, we barely even carry out any work by ourselves.

AI so far has only processed data available online and that gives bettors an idea of how matches between the two clubs went in past matches, so bettors really have to do their own analysis using the data displayed.
So so far it hasn't had much of an impact on sports betting, maybe as the developers continue to develop this technology it gets better, but I'm pretty sure it won't help much for bettors to be able to win bets because if such technology exists then all the bookmakers will experience a loss, so the prediction will still be a prediction whose results can be different.

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.

Isnt it strange they waited so long to achieve this in public sphere? I guess they wanted machine learning programs to be extremely cheap cost and profitable. Currently it happened I suppose. And yeah when I compare then to now we developed many different sports betting games thanks to computers and internet. AI will create new ones for sure only if people who knows what to do work with it. Professionals should definitely look towards it.

AIs definitely have an upper hand in each aspect. But the perfection is required can only be achieved when there is human interaction in the work. Tech really enhances the user experience. But at the end of the day, gambling is followed in a traditional manner, like it was used to be before only. I don’t see any drastic change in the gambling industry due to the technology. Rather technology have just made the betting more fair.

It shouldn't count as cheating when it's more or less a convenient tool for gamblers because you can't expect most gamblers to have a lot of time on their hands.

It's unlikely that gamblers will get banned for using AI since you've mentioned there's still luck in gambling. If their AI is that good and effective, then it's only a matter of time until the sportsbook finds out about their unusual winning record and gives them the lowest betting limit.

Just like trends keep coming and going, I believe more advancement are coming to the world which will make gambling to be more interesting than the way we are seeing it now. People have started trying to exploring the way the gamble making betting to be adventurous for everyone that want to try other ways to bet and make money from.

As advancement keep growing, casinos are making money less gamblers are making money too but many are losing there funds. The loses do not come frequently but once a while without us having the sense that we are losing a lot of money because of our aim of making profits from gambling.

Agreed, it is crucial to highlight the significance of comprehending the constraints and intricacies involved in employing AI within the realm of sports betting. Undoubtedly, AI possesses the potential to wield substantial analytical capabilities and furnish valuable insights. However, it is imperative to acknowledge that AI does not offer an infallible route to triumph, nor can it supplant the quintessential faculties of human decision-making. Although AI can proffer indispensable perspectives and contribute to the decision-making process, it must not supersede the intelligence and expertise that humans bring to the arena of sports betting. To achieve favorable and gratifying betting experiences, it is prudent to adopt a well-balanced approach that integrates AI-generated insights with human judgment, comprehension, and the practice of responsible gambling.

Using AI for gambling doesn't guarantee that you will win your bet. Gambling is about luck and when you use an AI not the casino wouldn't want to be cheated and this might lead to ban on your account. Another thing that I have come to realize is that if AI are rampardly used by gamblers,then the casinos might also change their games to use AI from preventing customers from winning most times.

I don't know why we are thinking of cheating in gambling when a professional can do all his research himself and will still come out with a better results than AI. It is when you see gambling as a means of profit that one will think that AI can help make some good profit from gambling but the fact with gambling is that you must loss more than you win either by AI or your reason faculty. Technology is easing human stress.

I'd say the only real advancement here is AI though? Blockchain is more like on payment methods instead of sports gambling itself, and as for acceptance, it's, well, acceptance. Probably should've added the VAR technology instead, it's been making rounds the past few years and has been used in quite a few big official tournaments already (which I'd probably count separate from AI).

It's a question of these tech being helpful though, I don't think an AI that could make accurate bets exists as of yet, I haven't heard from ChatGPT's plugin (iirc) feature which is what I was expecting to be at the front of AI accessing the internet. VAR is kind of in the middle, Afaik it's had it's own issues but at the same time, they would've stopped using it if it only had issues so I reckon there were some pros with it.

Using AI bot to making your bets doesn't mean you won't lose a bet, it's even useless when someone with someone who have no knowledge about sport betting now relying on AI to do the whole chunk of predictions for him because he won't know how well to use it because for AI to give you a good result of something you must have good idea of what you're  using it for.
With the use of AI in gambling and sport betting we perhaps might start having more losses in gambling than we're now having making use of our very human intelligence, as our intelligence can't be limited in any form by the gamblingg/casino house but it can with AI usage.

That's when artificial intelligence technology project would try to over do each other. I am not a supporter of this idea because gambling should be a fair game and no one is meant to get ahead of anyone.

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.

Technology is changing everything, not just sports betting... but in the end, we are the ones who decide how much "technology" we will let in our activities, in this case, sports betting. I don't bet on sports all the time, I usually place bets when I have time to check some news and I like to see some general statistics, it's a fun process for me... so I doubt that I will change that, I guess I am too old to for that.


Well, on the other side, this can be interesting... I don't think I can imagine an AI interactive gambling game based more on skills than luck. Maybe that can be some improved "Dragon Tales" game. That would be really something.

and once AI can give a very high percentage of winning chance, for sure, these bookies will start to change something on their business. remember, they are here to earn income not to lose from their players. but do remember, AI needs to be programmed by humans. so the performance will still depend on how good a person set-up his AI. but if they start seeing that with the aid of AI, they are losing their business, high likely they will shutdown their operations before they are exhausted with funds.

I think that technology already exists. As far as to how accurate it is, I have no idea.

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.

The main problem with AI analytics is that both you and the bookie have it, so eventually it will become boring. The bookie will know who's the favorite and know the exact odds, but gamblers will use the same machine to check it and see if it matches. At some point they will even stop doing that and know that if the AI shows 80%, then it must be 80, so all the debates who's favored, if it's worth it to bet on the underdog, will stop and people will just ask the AI and bet money on the winner. There will be no arbitrage too because all bookies will use the same AI. I hope that it won't come to that.

I concur with you and I think the fun about betting often is that it is not about any AI technology we could be using, but about our own intuition and knowledge we gathered over time. Of course if it is all about making money and you are in it and would be willing to use algorithms to tell you what is the best pick under which circumstances, that is a different situation maybe. But those who gamble for fun (they also don't want to lose of course), also do it because the way sometimes is the fun and the goal. Sitting together with some friends, placing some bets and one guy says this will happen and another guy says that will happen.

If I am convinced that an injury has a certain impact on the team and I feel that the favorite might lose the game because of an injury and AI tells me otherwise, I would still go with my own opinion. I think that gambling would become less attractive if everyone only had to punch in some ideas into a calculator and then gets the answers what to pick. I think that the total volume generated through gambling could even decline when algorithms were available that do everything for the gambler. It would also significantly decrease the margins for the providers as everyone would have access to the same technology and come closer to the spot/spread where the betting providers make the money from.

I mean using AI to gather information about the games you intend to bet on can be helpful but I don't recommend relying purely on AI picks for making your decisions. These picks are primarily based on predictions derived from online data and might not accurately reflect the real life situation. However, they can provide valuable informations related to the games you play especially for beginners in gambling. To be honest, personally I believe that making your own choices and doing your own analysis is a more effective way than depending on AI.

The human brain is far superior to AI in many aspects, so I suggest utilizing your own abilities before considering the use of AI generated recommendations.