I don't know about you all, but I am still quite skeptical on the benefits Artifical inteligence could have in the world of sport betting, because if we talk about the use of AI to predict outcomes, I doubt they would have much of an advantage and even if there is an actual advantage, if most of people learn how to use and have access to such technology, then all of us would have the chance to exploit it and betting would lose the uncertainty which makes it attractive and profitable for those who manage to get the results right.
A situation like that would make the odds to look very unbalanced, in short, it would break sport betting.
Though, I am counting on AI not being so precise.
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
It is not only the fact that businesses would lose money but the industry would change in a very negative way. For example, if there was an open source AI, which all of us had access to and we decided to use it to try to get betting results, it would imply the AI would say the same to all of us. If we actually took the AI advice then the volume of money put at stake for a result would be much bigger than the contrary result. That is the unbalance I am talking about.
Even if the AI would only Increase the chances of success in 35% or so, still would create an unbalance, depending of the volume of the market and the casino, Arbitrage would propagate the problem further to other markets.