Topic: [POLL] Using AI to predict outcomes - page 12. (Read 10140 times)

I do not know the details of how employees or teams work in a casino, but surely it has happened. I mean we all do not know how a team or employees work in a casino, but remembering that humans are always greedy with money, of course this has been done, its just that we do not really know about it all.

it makes sense when a team or employee tries to create their own AI to beat the casino taking advantage of system weaknesses and trying to use other people accounts to test whether AI can work properly and of course not using their own family account, of course the casino can easily find out .
I also think that the AI created by the team itself to make a profit from the casino one day changes hands or someone leaks about the AI, which is also very risky because it violates the rules of the casino employees themselves. but I hope this does not happen too much in a big casino

I've been thinking about that, and it could happen because if AI can really help them to get another income, maybe they'll try to use it. But they won't use their account but might ask a friend to help them play using a different account so that there are no suspicions from the casino if they win.

Of course, employees can do this, especially if they know there are leaks or weaknesses in the system and use it for their own interests to get money. And if it's related to money, people will be dazzled and use many ways to get it.

Well, of course. Sports results are a random event, otherwise you wouldn't be able to bet in them

The key thing is to have a system that gives you as close as reality as possible how probable certain team is going to win. If you have a better model than the casinos, then you might be able to get some kind of edge against the casinos.

But of course, this might not always apply because casinos have huge resources and they usually have better quality data, they even have people looking at the games(even 3rd division matches) in real time, annotating what's happening.

is it possible to have some idea of how profitable?
why wonder what the margins are
if I had to bet I'd say it's way beyond 100% for online casinos
but I have no idea, do you think it reaches the thousands?

if a system is well designed AI won't be able to beat it, the house will keep their edge

in the case of sports betting, that person who works at the casino and even if he were the employee responsible for coding would not be able to predict correctly the result of the games of some sport, even if someone created the most incredible AI in the world, even so this AI would be committing errors in game predictions, that's because in sport there are many factors that even being very well analyzed they defy all that analysis. for example, a few days ago there was a game in the Portuguese league, who was playing was benfica against boavista. the odd for Benfica to win the game was 1.22 and when looking at the squads of both teams it was clear the difference

Benfica has a much better squad than Boavista's squad, Benfica didn't have injured players and Boavista too, looking at the value of the odds, looking at the squads of the two teams, looking at the performance of the last games of the two teams, people could say: benfica will win this game without many problems, and these people could even bet a lot of money on benfica to win the game, because they are seeing a big advantage for benfica. but it turns out that in this game benfica lost the game. they conceded 3 goals and didn't lose due to bad luck, they lost because they were weaker than the opponent

and see that the funniest thing about this game is that benfica is winning by 2 - 0, anyone would say that benfica already won, but boavista drew and then scored the winning goal. this shows that even AI will not be able to predict the results of the games when it comes to sports betting

but of the many things we have talked about here, have you ever thought that an employee or a development team at one of the casinos could make AI for betting or in other words make AI for other income, have you ever thought about this?
TBH, a few days ago I had the thought of whether it is possible if an employee or team in a casino tries to make AI to bet using another account because that person knows the weakness of the system so tries to find other advantages by making AI to bet and get wins that can earn income addition. I think its a little ridiculous but it can happen because sometimes insiders cannot be fully trusted.

I think the main issue with this is that AI requires a lot of time for training, so it's not usually aware of the latest things that have happened, which are the most critical for sports.

Probably if you can constrain it to just real time betting in sports, you might be able to do some transfer learning and keep updating the model quite fast, but I'm not sure something like that is available openly.

It seems that Al's technology is no longer something that is excited about in our community. now, the discussion about Al has greatly reduced unlike when we first discussed this phenomenon in the community. Until now, I have never even tried this artificial intelligence technology. somehow I'm not too interested when referring to betting predictions, because there are several factors behind my understanding of Al's predictions whose accuracy cannot be ascertained at all.

But let's just wait, maybe someone from the community is experimenting with this artificial intelligence technology. The NBA season may be drawing near, but the football season has only just begun. something that really interests me, if anyone tries to predict the outcome of the game from this artificial intelligence technology. even though I'm not at all sure and believe in the predictions made by the machine, at least curiosity seems to surround my mind. well, let's wait for the response from the community who may have conducted experiments by trying to predict using AI.

Of all the AIs launching all over the internet, none so far was able to release one that is for sports betting. The one that it can be relied on is the Bookmarker itself to which whoever has the odds of winning, would also be the pick of the AI.

It's gonna be harder for developers to really get involved in outcome prediction for sports. Probably not as easy as AIs for writing articles and answering questions where AIs can pull sources from the internet.

Has anyone made any progress is uncovering the secrets to get AI to help decide on bets to place for sporting events? With the NBA season now quickly approaching, it would be great to get to mess around with AI and placing bets on games. I guess I’ll have to get down and dirty and see what solution I can come up with.

It is the same, a casino will always show its security to the maximum, so things sometimes do not happen when you want, but rather it is due to surprises, normally an AI attack in a casino is taken as a hack, and that is something that the casinos take great care of, and in particular what I see that the casinos can do is hire many programmers and AI specialists to avoid this, in fact the csinso at this time must already have specialized personnel to keep their security in that sense, because the AI is being developed, and any attack must be withheld and neutralized, that is what must be done, of course that is what I assume, I do not have access to any information from the casinos, but that is what must be done. be so, in addition to the receipt of so much money you have to make the expense that is necessary so that you are always safe.

The AI is one of the things that we can now see as something innovative, but that is not right now, not even because ChatGPT was launched, most of them were amazed and thought that with this tool they can do anything, and it is not like that, For whatever it is, great expertise and knowledge is needed, in addition to things when it comes to AI development, it is training the robot in many aspects, and the truth is that it is a lot of information, it is difficult to enter it, and it is difficult for a robot trains so much to beat a casino, for this reason is that each AI algorithm is very specialized, depending on the task it takes to learn, but for now what we have shown is a simple part, in beta mode of what they are developing.

In the security of a casino it is very difficult to unlock, there is a lot of it, in fact if it is with AI they will be detected, so this is something that we always have to take into consideration, the investment that casinos make is much like for any robot enter, violate all security and apart from all that, well break blockchain codes, which is technically impossible (until now).

I think many gamblers have thoughts that they are somehow different, and that math and probability doesn't apply to them, because they are lucky and will win this time.

If everyone actually knew the real odds of winning against the casino, and acted rationally, then literally no one would bet, because it has a negative return on the investment.

It's mostly the entertainment and the hope that you would become a millionaire that is valued at more than the entry ticket price.

But the company should have been able to anticipate problems with vulnerabilities or hacking from insiders by selecting people who apply to the company. And the company will only hire people who can work well and carry out their duties professionally, so insider hacking won't happen.

And the name of a business is challenging to manage, and it depends on how the owner can get people who will help him work. And as long as professional people manage the casino, the casino will be safe from hacking or other things.

Perhaps because the salary of the people who work in the casino is more than what other people get in other businesses so they never think of getting more money. Besides that, if someone has done a good job and got a good salary, he will get maximum work, which will give him a good reputation to get a bonus for his work.

And casinos will always update their systems properly and follow existing trends so that they can withstand all attacks that come to their casinos. And we have seen these big casinos survive many attacks and can, run their business well, and get a good reputation too.

every technological development, usually every big casino, always has a way to overcome all problems that threaten the loss of the casino, as I said earlier that casinos have a lot of money to do anything for the security of their platforms, so whenever there is a trend like AI, casinos are also always looking for a team that has expertise. in the field of AI so that it can always strengthen the security of the gambling system.

but it is very rare for insiders to leak casino systems because insiders have more than enough salary so they have no plans to divulge anything related to the platform system.

Yes, and to be honest and fair; it is not something which is exclusive to the gambling market (both online and when comes to brick-and-mortar casinos). In every big market which has players who have been already been around for years it is difficult to come up with something appealing enough to be competitive and take a piece of the share and volume.

One can take for example what Facebook wanted to achieve with their Metaverse. They thought they were inventing something unique and they could not miss the target with their huge budget and professionals. In the end, experiences like Half Life Alyx, Second Life or even Vr Chat had more to offer, and the idea or the Metaverse slowly started to die.

So if it can be that difficult for a blue chip company like Meta, one needs to get one's expectations right when considering to get into a market like gambling.

However the implementation of AI technology algorithms will not produce accurate sports betting predictions, AI technology provides all information instantly based on any question, but so far regarding the question "sports betting predictions" there is no answer, AI suggests we look for sports related sources to analyze several factors regarding match predictions and the conditions during the match are likely to change according to the game tactics and weather conditions so that the predicted results will not match expectations.

Let's be real, any hardcore gambler out there knows that house always has the edge in the long run. Talk about tens or hundreds of millions of bets, right? But hey, who's counting? Dive into the game, feeling the rush, and hope for the best

However, the AI twist is some next-level mojo! Though I'm skeptical about AI making casinos go broke, I'd be lying if I said I wasn’t a tiny bit envious of someone smart enough to use it to their advantage. Just imagine: a little digital buddy whispering in your ear, giving you the lowdown. But remember, if it sounds too good to be true, it probably is. Game responsibly, folks

Well, I think online casinos are not like crypto exchanges where a lot of man power is need in the work force to make sure everything is going as it should, when it comes to insider attacks or hacks, what i do think is that, the more the people working in that company, the more the company is prone to such attacks, for online casinos, I don't think the chances that it would face attacks that is initiated by an insider is very high, compared to crypto exchanges, this is because online casinos are usually ran or managed by just few persons at most, there are even some online casinos that are managed by the developer alone.
So personally, I thinks managing a casino is as complicated or complex like managing a crypto exchange, and this is probably why a lot of crypto exchanges get hacked, meanwhile, we hardly ever hear that an online gambling casino was hacked, so possibly, its because running an online casino only required just a few persons, so the chances that an insider will reveal the casinos secret to an outsider hacker is very slim or low.

That is why casinos look more convincing with the ability of their securities to withstand any attacks that could harm their system. The casino also has a capable security team with all the capabilities to keep a good eye on the casino at all times. And when AI gets smarter, the systems in casinos will also be more reliable in counteracting AI attacks gamblers use.

But if an insider is trying to work with hackers to break into the security system, the casino should be able to find the leak and fix it as soon as possible. It will be more interesting to follow the development of AI systems.

The questing is for how long? Some people say, you have to make tens of millions bets, others say, hundreds of millions before you are guaranteed to lose the house edge, like 5 % of your wagers, to the casino. No one is saying how many times you can play before you lose all your money. I think it depends on your balance and on the bet size. And also on luck. I think it's possible to win even with 20% house edge, like in your example, but the the probability of that is very low if you make millions of bets. With just hundreds of bets it's pretty much possible. And that's without any help from AI.

It's yet unknown what AI can change in that regard, but what I think we can say with certainty is that it will not "beat" the house edge in the sense that casinos will go bankrupt. The volume will always do its job and casino will get its share. But for someone in particular, someone who can create a good prompt, AI can be very helpful. Not only it can help to not lose all your money or the house edge. It can help you win some money too.