Topic: Is AI going to affect gambling in any way ? - page 4. (Read 1859 times)

Yes, AI is poised to revolutionize gambling through enhanced analytics, personalized experiences, risk management, game development, and regulatory compliance.

AI would make our job easy like making a research about a certain game, usually apply in sports betting as i don't see it will work in a casino games where huge house edge are in place. With sports handicapping which is necessary, we can use an AI to provide us the necessary important we can use as a basis, however, it doesn't still guarantee a win, so overall there's no significant impact at all on chances of winning.

Maybe you should have started by telling us how you think it can have a major impact in the gambling industry. If you meant casino companies using AI to make their job easy in certain areas, then it is something that can happen, if it is not already, but if you meant gamblers using it to get their predictions correct, then no way; they are going to get many of it wrong and people who use it will lose money. It is better to do your own research, analysis or whatever and just put a little money on it, what's the use of AI in things like this.

Gambling us risky, grabbing golden opportunities. AI will take over everything but It doesn't mean we should be underrating the use of these modern days technologies, they're comprehended coupled with legit pieces of information. I'm just here gathering the basis of information and wanting more, it relenting but enforcing useful information, which will provides aides for us. While for Luck which is built based on the beliefs of human, we just gave to be resourceful in the system, ready to take good lead and enable ourselves sitting ontop the big winnings.

I don't think luck can be manipulated in any way. All that can be read is the concept on which that luck will exist.
The idea is that the house will win most of the time because its chances are greater according to simple mathematical algorithms, and users also rely on luck, but with much lower chances. Almost all games are programmed according to this basis.
Gambling platforms and house systems do not have to manipulate their systems to achieve a profit that can be obtained without having to do so.

Well as far as I'm concerned things with this can happen in different ways, first if we use an AI for whatever, is it not as developed as many believe, that it can replace the human being? I think not yet, just for some tasks, but it is not something that is very decisive, however things can happen very well if it does not work properly, I am not able to fully pay attention to an AI because mostly Things can go wrong because they can give very general Answers, something will always give results that are not so specific, also seeing things as they go, it is always necessary to do a good analysis of things, we cannot continue thinking that an AI is The solution to everything, casinos I don't know if they should worry about AI, maybe later when AI takes more development.

I would guess that it is at the infancy stages and not really working all that well right now. I have seen the works of it, there was an AI software that tried to predict how the games could go, but it was about soccer and even the players themselves don't know how it will be and how they will play, things change a lot.

This is why there is this randomness impacted into it, and yes the better team usually wins, that's why they are the champions or at the top, but the randomness makes it so that the best team can't win all the games, and sometimes loses to an unexpectedly bad team. This means that AI can't really predict everything, it can try to do whatever they try to do and that would definitely be something to look for without a doubt.

I think it is still not accurate to say that it is a substitute for humans. If it is said to be a substitute, it means that all gambling activities are carried out by AI. starting from recognizing, and deciding to place a bet. Maybe we can, but if we only focus on AI, of course we won't be able to control the game ourselves. Everything will be controlled by AI, maybe even until your money runs out.

I agree with you, the use of AI to obtain information is very good, especially the use of real-time AI (of course paid). If you use free AI to collect detailed information, it might be possible, but it's not real-time and accurate.
Many gamblers use AI tools as a means of game analysis, but the decision maker is still the gambler himself

I think casinos won't be among things that AI will have success in, this is very important because casinos are for money making and for that they will put everything in place to avoid any form of dominance of their platform that could put them in any disadvantage position that can effect their revenues, and secondly casinos have a fixed system that put the house edge over every other thing and that eliminate the possibility of AI even before it starts.
Most of the time casino are ahead of such development AI may only be used by gambler's to gather information on the teams and games based on just analysis but it can act accordingly when involved in decisions process while the game inla on.

This is true. Before, I am not believing such things about AI and probably most of us have been glorifying it that it's going to replace jobs but I am starting to see the light and it's actually really changing a lot of things like Devin, an AI software engineer: https://devinai.ai/
So, this got me thinking that if it's already changing the game for software engineers then, soon, there can be some correlation of it with the gambling industry but just how I am curious before. I have no idea yet on how they're going to do it. Maybe in the side of the casinos that many of their staff will be laid off and they'll be replaced by the AI that are going to have definite function within their organization. And when that happens, we'll start to see a lot of them has to change their ways too and upgrade the skills that they have. As a gambler, I don't see anything that's going to affect but I am feeling bad for those hardworking people that will be replaced by these AIs.

And you think the owners of these casino won't also make it difficult for gamblers to use AI to get the winnings ? Because I believe that their business would slowly crumble if AI  was to be able to bring gambling closer to the edge of making beautiful winnings. For me the casino owners might probably alternate to the scrambling of such games that gives the AI an edge because I believe the casino is actually a business and the only wey they make profits is when the customer lose out them.

In activities like betting where having access to up-to-date and relevant data, AI is an upgraded tool for making informed decisions. Leveraging AI to gather and analyze information quickly and comprehensively can be incredibly beneficial. Utilizing AI to track the progress of selected teams, assess current conditions, and analyze trends, people can enhance their decision-making process when it comes to betting. AI algorithms can process vast amounts of data in a fraction of the time it would take a human. It's able to provide valuable insights and help to identify potential opportunities or risks more efficiently.

AI can be a powerful tool in decision-making, but it should be used as a complement to human judgment rather than a substitute. Human intuition, creativity, and critical thinking skills still play a vital role in interpreting AI-generated insights and making final decisions. Therefore, integrating AI into the process of betting can indeed be advantageous.

AI has a limit to what they can do, and it's not all games that they can predict; there are games for which even the casino owners don't know what the result will look like. Those games whose numbers are randomly generated can't be predicted by AI because the result can't be known; it's just a game of luck. 
 
But when it comes to those games that can be mathematically solved, then AI's might perform very well in that area, and any casino that they deploy to operate will suffer a heavy exploit during that period unless they take quick action.

Just as humans can't always be correct with their predictions, AI's will also make mistakes sometimes, and the person who deploys them will lose money too. But if they are perfectly programmed for gambling, then yes, there will be a negative effect on the casino.

An AI that is proficient enough can replace a human on an activity, and this is something that is already taking place all over the world and on many different fields, so it is not surprising that bettors are thinking of ways to use an AI to achieve the same result and replace themselves for an AI that can do a better job as a sport bettor or poker player, however in the case this were to happen, I am sure casinos will eventually put a rule against it, and anyone that is detected using an AI to gamble could be banned from gambling at that casino ever again.

Luck cannot really be manipulated.

If you really look into it basically luck means a boring math definition.

It's simply the odds of winning a bet, that in the case of gambling it is negative, that is the house almost always win.

That's pretty much it, but "luck" has the connotation that you win. So it is kinda like a wonderful thing, so it is always described as that.

In what I know about AI working in the gambling industry I am simply doubting if luck could be manipulated like that but it is viable in some cases sure the house has this kind of AI feature but for sure if there is some AI predicting what is happening with gambling I will surely be impressed but not all can be solved with AI this is just what I think it is better to gamble on your own than to console an AI what you're going to do next,

For me, the application for gamblers is not viable but for the house, it could be used in random Casino bets and when the AI is going to make the gambler win a bet or not, or some application in the gambling industry that is not applicable for use in gambling.

Update and I'm curious because you asked hahahha  Now Im gonna ask Bing Auto Pilot and ChatGpt and the answer is like this :

ChatGPT said this :

Yes, AI is already significantly impacting the gambling industry and will continue to do so in various ways:

Predictive Analytics, Fraud Detection, Personalized Recommendations, Responsible Gambling Tools, Game Development, Risk Management, Market Analysis

Overall, AI is poised to continue shaping the gambling industry by enhancing efficiency, improving user experiences, and addressing regulatory and ethical considerations. However, it also raises concerns about privacy, fairness, and addiction that need to be carefully addressed as these technologies evolve.

While the Copilot said almost the same thing  :

Certainly! Artificial Intelligence (AI) is already having a significant impact on the gambling industry, particularly in sports betting. Let’s explore how AI is transforming this field:

Predictive Analytics, Personalized Betting Experiences, Enhanced Security and Responsible Gambling

In summary, AI is rewriting the rules of sports betting, making it more advanced, user-friendly, and precise. Whether you’re a seasoned bettor or a casual player, AI is shaping the future of gambling

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I don't know what companies that using AI for now but I do believe there is one or two companies that already use it.

In sports betting there is a way to make money with AI actually.

Casinos have to evaluate the odds of something happening, and set the payment for it.

If their system is not as good as an AI, then your AI can spot the difference in the odds, and suggest you to bet on that.

Let's say for example the AI knows a strange fact not well known by the casino, and uses that information to get a different probability of something happening. That's your way for making money with AI.

its definitely a game based on the capabilities of AI we all know football club got better odd of winning if team consists of good players and has been consistently winning previous matches.
same with AI if the data used to train the AI is good it might results victory and there will be statistics to determine.
I mean AI nowaday is literally just garbage in garbage out we put garbage data we got garbage AI therefore it will become edge for anyone trying to win match for a game where AI against AI to supply the sufficient data and we all know development always dynamically changing.

In fact, AI was created to help human work, not replace humans, especially in decision making. in this case, it is very appropriate to use AI to search for information faster and deeper. it can be about the progress of the chosen team, what the latest conditions are and so on. This can be done to help us make decisions when betting.