Is AI going to affect gambling in any way ? - page 8.

irhact

hero member

Activity: 616

Merit: 749

Quote from: Queentoshi on March 06, 2024, 01:53:44 AM

It may affect gamblers, maybe with the way AI technology is making some people's jobs easier and also making some people lazier, there will also be gamblers who may depend on AI technology for predictions in games because they will become lazy to analyze games themselves. I do not believe that AI can actually predict games especially games that are based on luck and the outcome are very unpredictable like football or other sports, so as a result, AI technology will affect and interfere with the believe that gamblers will have on themselves, which may also affect the wining rate.

During the last world cup, there was many AI predictions on who's going to win the world cup and some did get their predictions right while others didn't and this is just how AI will work when you wan to use them for predicting of games in casino. They'll find it hard to predict luck based games as those AI don't have any statistics that the AI can use to make their predictions. AI are making their decision based on the data that they have therefore things that they don't have any data on becomes very difficult to make an accurate prediction on.

Also since there are many factors that influenced the game of sports, AI won't be able to predict those outcome and will be giving any individual using their services for predicting, a wrong prediction. AI are just computers and computers are programmed devices. Ai isn't going to affect gambling in the aspect of prediction but it'll affect how we gamble, we can have more realistic feelings of the games.

SeaCoinCollector.

jr. member

Activity: 112

Merit: 1

Yes, since technologies continue to advance. Many online casinos are now using AI chatbots that can answer questions and can provide 24/7 support. AI can also customize game recommendations by analyzing user behavior, preferences, and history. And even fraud detection by analyzing patterns and transaction data

tread93

hero member

Activity: 1274

Merit: 568

Quote from: biggerthanawhale on March 06, 2024, 01:43:08 AM

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

I mean it will certainly help brick n mortar casinos and even online casionos finding trends and information much more quickly, probably most with complex calculations and probabilities but I would say that it will definitely have a much larger effect in the coming years as it progresses learns and implements certain language models - even ones that are more so geared towards gambling may help with certain types of bets etc.

Onyeeze

full member

Activity: 560

Merit: 175

Quote from: Queentoshi on March 06, 2024, 01:53:44 AM

It may affect gamblers, maybe with the way AI technology is making some people's jobs easier and also making some people lazier, there will also be gamblers who may depend on AI technology for predictions in games because they will become lazy to analyze games themselves. I do not believe that AI can actually predict games especially games that are based on luck and the outcome are very unpredictable like football or other sports, so as a result, AI technology will affect and interfere with the believe that gamblers will have on themselves, which may also affect the wining rate.

the use of artificial intelligence now is currently making employment to be scarce to people, even in banking sector and the companies most of the companies now are using artificial intelligence to perform major activities in their companys so when you see in gambling sector using artificial intelligence will you also make some people not to participate in gambling because there are not sure of what they are doing in gambling because of the artificial intelligence is a program being programmed by someone, so the function is to do the work an individual will do and get tired within space of time

rachael9385

sr. member

Activity: 476

Merit: 337

Quote from: DaNNy001 on March 07, 2024, 03:35:43 PM

Quote from: Fortify on March 07, 2024, 11:07:16 AM

Quote from: biggerthanawhale on March 06, 2024, 01:43:08 AM

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

You can bet that behind the scenes AI is already shaking that AI is already shaking things up. There will be players trying to leverage the data mining side of it, which has levelled them up slightly compared to bookmakers who once held most of the power. However bookmakers will also be utilizing ever more advanced techniques in order to scrape more profits out of their users. There are so many techniques and data points that can be analyzed in greater detail, it is probably only limited by the processing power they're able they're able to throw at it.

Ai Will be used by both parties so one side can't actually exploit it's use to their advantage alone because I believe like you are implying, same way the players or gamblers have gotten an edge through this technology that's the same way even the bookmakers and the casino owners themselves are well aware of the treat that AI tech poses to their industry and business.

Actually you have a point. AI might not affect the gambling industry, I say might because I am not quite sure if the house edge will also benefit from the use of an AI.
IMO anything that has to do with money making, no one would like to miss it, so if truly the house will benefit from AI that means it's more fun, but on what I understand, the house edge will actually use the AI on every odds.
They will also make sure that the odds is always not in favour of any bettor, the AI will be of help to everyone and it will also be against many gamblers.

Cookdata

hero member

Activity: 1064

Merit: 903

Not Your Keys, Not Your Bitcoin

Quote from: biggerthanawhale on March 06, 2024, 01:43:08 AM

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

AI is real, everyone must have come across one or two but let's stop this hype for once and have a real discussion about AI. Since 2010 was the time I have been hearing how computers will change our ways of life and improve health, that I have seen some changes but not up to how the hype was back then, I think we are now in the same era of AI where everyone want to say something nice about these artificial intelligence. What has AI really changed other the writing of articles and, the ability to make improvements to written materials and graphics, after these things, I have not seen anywhere the use of AI has changed completely, they say they are going to take away the jobs but I haven't seen any sign.

AI is not going to change anything much about gambling, the companies are watching and besides use of external software to gamble is highly prohibited. The highest place I think AI might work is in some casino games, football predictions can't work on AI because past events data isn't sufficient to make predictions in football and in other sports games.

iv4n

legendary

Activity: 3248

Merit: 1179

Quote from: biggerthanawhale on March 06, 2024, 01:43:08 AM

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

I think that AI has been present in the gambling industry for a while now... in gambling many things are done by different algorithms, and who is better at that than AI? So I am sure that casinos are using AI in some way or another, as I am sure that many people are trying to use AI as leverage against casinos. I guess we can say that casinos are winning the race for now, with deeper pockets they have an advantage, but I believe that some people who are really into AI will/can make a breakthrough, but that will not last long, so when casino team notices something strange happening they will do something about it.

I don't bother myself a lot with that. As an old-timer, I am a fair player and when I play I hope that luck will shine upon me, I don't try tp cheat the system... I think we can say it's for people who have some programers skills.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: biggerthanawhale on March 06, 2024, 01:43:08 AM

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

The effects of AI cannot be escaped no matter which industry we are talking about, AI can help casinos at least in two fundamental ways, the first one is the most obvious one, casinos can use an AI for most of the requests for customer support, and while they may still maintain a few people employed to attend very difficult requests, an AI could deal with the rest, the second way in which an AI could be used is by improving the ability of casinos to generate odds for sport matches, making it way more difficult for pro players to beat them and become profitable.

DaNNy001

hero member

Activity: 644

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Quote from: Fortify on March 07, 2024, 11:07:16 AM

Quote from: biggerthanawhale on March 06, 2024, 01:43:08 AM

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

You can bet that behind the scenes AI is already shaking that AI is already shaking things up. There will be players trying to leverage the data mining side of it, which has levelled them up slightly compared to bookmakers who once held most of the power. However bookmakers will also be utilizing ever more advanced techniques in order to scrape more profits out of their users. There are so many techniques and data points that can be analyzed in greater detail, it is probably only limited by the processing power they're able they're able to throw at it.

Ai Will be used by both parties so one side can't actually exploit it's use to their advantage alone because I believe like you are implying, same way the players or gamblers have gotten an edge through this technology that's the same way even the bookmakers and the casino owners themselves are well aware of the treat that AI tech poses to their industry and business.

len01

hero member

Activity: 1330

Merit: 585

Leading Crypto Sports Betting & Casino Platform

it seems like this question should have been given a more detailed explanation as questions about AI cover a large part in gambling.
I mean if this question is aimed at developments in gambling technology it might happen but it doesn't seem like it will affect the chances of winning.
this has previously been discussed in threads in the past and everyone said that AI could be used as a prediction for sports betting and some are also used for poker betting but for me it still will never affect the chances of winning because the casino can always win.
however, if this question is directed to customer support, it might happen and most gambling companies now use AI systems to help the support team answer customer questions.

I have previously explained statements like this in other threads that discuss almost the same question, but it seems that the development of AI will probably not have any bad impact on gambling or gamblers because AI cannot actually be used to help with anything related to gambling except only to help with something that makes more sense.

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: biggerthanawhale on March 06, 2024, 01:43:08 AM

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

You can bet that behind the scenes AI is already shaking that AI is already shaking things up. There will be players trying to leverage the data mining side of it, which has levelled them up slightly compared to bookmakers who once held most of the power. However bookmakers will also be utilizing ever more advanced techniques in order to scrape more profits out of their users. There are so many techniques and data points that can be analyzed in greater detail, it is probably only limited by the processing power they're able they're able to throw at it.

Mr.suevie

sr. member

Activity: 546

Merit: 342

Quote from: Ever-young on March 06, 2024, 03:15:28 PM

Well, AI could help to intervene or provide support to those who need it. This could save people from losing large amounts of money and suffering the negative effects of gambling addiction so AI can affect and support gamblers in some way, it has advantages and disadvantages which can be used in making decisions. And can also help in prediction, Incase it could be used in manipulating people to gamble more.

I doubt that it's effect would be the one for saving people from gambling addiction and increasing more Winning chances. We all know that the gambling industry is a business and no business owner would want anything to reduce their chances of making more money from their business and that's where the big boys who own the tech and industry come in because they can act as influential Powers to making sure that the use of AI tech is definitely for their benefits.

leonair

sr. member

Activity: 1260

Merit: 390

Quote from: biggerthanawhale on March 06, 2024, 01:43:08 AM

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

AI is only a robot with artificial intelligence, it will never fully think like a human or make decisions like a human. so it is foolish to gamble on trusting Ai. And betting on gambling based on Ai will never get the real fun of gambling. Therefore AI should never be used when gambling for fun. Ai will never win over anyone. So I see no reason to gamble using Ai or gambling can change something on gambling industry in any way

blckhawk

sr. member

Activity: 1526

Merit: 332

It's inevitable that AI will affect every aspect of life as we know it and I don't believe or even think that gambling isn't going to be affected by it in any shape or form, most definitely we'll see a new kind of cheaters that will utilize AI to gain advantage, now imagine an AI that can compute at the millisecond speed in roulette and predict what could be the possible number or color that it's going to land, most definitely AI involved in gambling is going to be more about the cheaters so watch out to all gambling business owners out there, you're going to be the one affected the most by these things.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Volimack on March 07, 2024, 06:20:55 AM

Self analysis is good in gambling I think AI will give more advantages to online gambling sites The biggest difference between artificial intelligence machines with humans is the ability to work. Where people get tired after working for a while or doing the same job continuously, a machine needs no break, it can do the same job accurately for hours. But it may have disadvantages and should be used with caution.

AI can bring a fast searching for data that we want so we can then analyze the data to get more information that can we used to select the right teams. AI in gambling industry can grow better more than now without we can imagine because the technology itself is change with the newest and if the casino can see the benefits of using AI, they will use it and apply to their business. This will also what gamblers do because if they can get benefits from the AI, they will use it and maybe they can hopes that they can increase their winning chance. But that will not be easy because the casino will prevents them to win much money with their AI. We will sees battle between AI from gamblers and AI from the casinos.

Julien_Olynpic

legendary

Activity: 2562

Merit: 3477

Artificial intelligence can help us gather certain information. But we're talking about whether artificial intelligence can bring us an advantage, right? Since this tool is available to both the bookmaker and the player, it, as a rule, does not bring any benefit to anyone. But it all depends on how actively you use artificial intelligence. I would say that customized AI can give the player an edge, so to speak. Such a tool will no longer be freely available. You need to configure it yourself. Such intelligence can collect data on matches played, look for matches that are somewhat unusual, collect statistics on odds offered by bookmakers, and much more. It can process a lot of information that is freely available.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: biggerthanawhale on March 06, 2024, 01:43:08 AM

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

None.

I think if there is then it will most likely with the customer support of the casinos. They're going to automate it which is happening for many of them right now.

I guess that's the best usage that they can do with AI so that they'll save time and money for having a human resource which can be catered with AI for the basic inquiries.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: biggerthanawhale on March 06, 2024, 01:43:08 AM

AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

By impact, what do you mean? More people will be into gambling? Gambling will be more beneficial? AI will help gamblers winning rate.

With AI technology being applied, we can say that it's a big innovation and a trendy thing but it's only the experience that will change. For example, when dealing with sports betting analysis, AI can predict the possible outcome based on the current team status and players but still, it's no different from self-analysis although it's manual. The result will still depend on how teams will behave in the match.

GigaBit

hero member

Activity: 1666

Merit: 513

Leading Crypto Sports Betting & Casino Platform

According to some, the use of AI in gambling does not have much impact, but in reality it has a huge impact. Although AI cannot provide exact result about gambling wins or losses, AI is helping gamblers immensely. AI is working as a boon for all categories of people, not just gamblers. AI is currently playing a major role in data analysis and analytical work and in differentiation. Decisions that cannot be taken by humans can now be done easily by AI. A user who is not benefiting from the use of AI will not be found. In gambling I have seen gamblers I know rely heavily on this eye. Although they can help people in various other matters, they cannot exorcise them. Moreover, all kinds of information and data can help a gambler to take better decisions.

Volimack

member

Activity: 462

Merit: 13

★Bitvest.io★ Play Plinko or Invest!

Self analysis is good in gambling I think AI will give more advantages to online gambling sites The biggest difference between artificial intelligence machines with humans is the ability to work. Where people get tired after working for a while or doing the same job continuously, a machine needs no break, it can do the same job accurately for hours. But it may have disadvantages and should be used with caution.

Topic: Is AI going to affect gambling in any way ? - page 8. (Read 1804 times)