Topic: How Technology is Changing Sports Betting - page 6. (Read 652 times)

I don't get why a lot of people are really amazed on how AIs can do things. Without human touch and input, AIs will not function to a human's liking and would be more of a liability than a tool. In sports betting, those who are versed in the game are more likely to do better decision-making than an AI who can only crunch numbers that is fed on to it by a human or another machine. AIs can do a lot of cool things in terms of automated betting, but I wouldn't depend on it 100% to bet on my behalf in sports.

I can only be speechless amazed by the advancement of technology and the convenience in it.
In the past, when I wanted to do data analysis to win a bet, it took quite a long time because I had to find valid information from various sources and continue to absorb the latest information as material for analysis. What's different now is that after the advent of AI, they can infer the information we need for analysis in a short amount of time.
Well... we can't completely rely on AI alone. Predictions can still go wrong, we also need to absorb other information, don't just stick to AI. And if we only focus on AI/artificial intelligence, if we do this in the long term it will make us stupid, because we also have thoughts that need to be honed.

Gambling is gambling. I get the fact that using a bot or an AI could increase the potential of your winning but not in all games because sometimes we all still lose bet I’m games that we were 99% sure that we were going to win. Take for example when an Upset happens, and just like the post above mine started I would I use bots for trading than to trust it for my gambling.

Let’s talk about the casino itself, while some gamblers might be willing to use AI to gamble since they are going to realize more profit you won’t just expect the casino to sit down and watch their money being scoped away by an AI, for one some might restrict the use of AI and if an anomaly is detected they could shutdown the account without further explanation and if your think they won’t be a way to detect AI usage trust me they’ll figure it out. For now, let’s keep having our fun while still outing our brain to use.

If a gambler is using AI bot, there is still probability that he will still lose, especially as he gambles more frequently. AI bots does not make someone to be a better punter, the person can still lose and lose.

I can not think of better ways to the extent of looking for ways to earn more than I lose. I will still consider bots in trading than gambling but which I am not using too. There is nothing better than me to gamble appropriately without AI or anything like bots.

I can assure you that AI or other bots does not guarantee winning.

I was just wondering how cool it would be when an AI would do the data analysis work. Imagine it analyzing the data and picking up the best odd for a bettor. There is a possibility that an AI could outrun a human being in those spaces and they might excel in it. But, we cannot ignore the fact that a sportsbook won't work on improving their side. Eventually, they would catch up pretty quickly and would limit a bettor's profit from an AI. Do not forget they are once who are known to adopt new and innovative technology first than any other industry. So to an extent AI betting would help the bettor but it wont last in the long run.

Top 4 Technological Advancements for Sports Betting

Bitcoin and behind the scenes blockchain technology

We should start with the most obvious and most important advancement, how we manage our betting dollars. When we wager in old school, traditional, currency like dollars we must often use a middle person.

In this case, that middle person is almost always a credit card company. However, when we wager in bitcoin, we use peer-to-peer, decentralized technology, that allows us to bet in mBTC, a thousandth of a bitcoin.

Bitcoin uses proof of work, which makes it ultra secure. Not only that, but advancements in blockchain technology, protocols like PraSaga have solved the trilemma – – a blockchain that’s decentralized, scalable, and maintains proof of work-like security, means advancements in bitcoin and blockchain betting will only increase.

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.

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.

To get true decentralization, to have the power of a sports handicapper in your hands, you must use a bitcoin and blockchain sportsbook.

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