[POLL] Using AI to predict outcomes - page 24.

Fredomago

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Quote from: traderethereum on April 26, 2023, 10:18:57 AM

Quote from: Betwrong on April 26, 2023, 04:02:50 AM

Quote from: Fredomago on April 23, 2023, 05:34:15 AM

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With a good source of information I'm sure AI will beat them but in terms of emotions things that only human experts can play and weight the possibilities, there's something that still needed to consider unforeseen cases that might affect how AI will decide with their recommendations, the good thing here is you can use AI recommendation or you can go to the other-side.

Something that you'll going to be against the favorite, which is most of the time I believe that AI will provide after sorting all the available information around.

Expecting that with all available information provided AI will always be right in its predictions is not wise. We shouldn't rule out the possibility of a team winning against all the odds. The question is, will AI predictions be more cumulatively more accurate than those of the human experts? I think, we are less than a year from the time when AI will beat humans in this regard.

But before AI can provide recommendations, we must check the accuracy of the information provided by AI, especially considering that AI still needs to be developed even better in the current situation.
I wouldn't put too much hope in AI until it could show me possibly more accurate information than I could find.
We can't still depend on AI for now. Moreover, we have seen how AI answers something we ask, so we should stick to what we have done before in betting on sports betting.
By continuing to use the methods that we are used to, maybe the chance of victory that we can hope for will also be greater, but we can also keep an eye on AI projects in the gambling sector so that we can know their progress.

If you are practical, it's really the best thing to do before following any AI recommendations, you need to know the percentages of how well AI can provide decent information about the game and how good are the sources of information before you follow or before you use the recommendation to place your bets.

With your own knowledge about the game and the information from the AI, it can confirm to follow whatever you think that will give you a win.

len01

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Quote from: nullama on April 26, 2023, 01:58:56 AM

You can also always ask roundabout questions to the AI, and make up your own mind about who's going to win an event.

-snip

yep that's true. although we can rely on AI to ask for some of the information we need, it would be better if we prefer to make our own decisions rather than having to make decisions based on the results displayed by AI.
making decisions alone can also avoid something that can happen like a surprise at sports betting and we can have other plans to cover those losses. so taking things into your own hands and asking AI for help is very wise.

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Quote from: Mahanton on April 12, 2023, 05:39:47 PM

Quote from: LUCKMCFLY on April 12, 2023, 04:44:35 PM

Quote from: nullama on March 29, 2023, 12:44:31 AM

Quote from: LUCKMCFLY on March 28, 2023, 04:51:56 PM

~snip~
Of course, obviously things with AI are like this, the data collected will never be the good option to decipher what can happen, also there are many things that influence sports games, who are the ones that motivate players to play like this, what It caught my attention, it was in the World Cup in Qatar where an AI predicted that the final would be between Portugal and Argentina, it was something really chilling because the one who won the mjudnial was Argentina, although the AI was wrong for the contender from Argentina, but It seems to me that it was just a coincidence, I know that the AI quickly pulls the statistics and that is a very good functionality.

There were also some other predictions that said that France and Brazil would be in the final.

At the end of the day, given enough predictions, one of them will be right. So always keep that in mind. People tend to ignore the failed predictions and focus on the ones that actually happened.

Yes indeed, I cannot deny that the final that the AI predicted would be between Argentina and Portugal caught my attention, because at once I imagined Messi vs CR7, and that was something phenomenal, I really would have liked it much more than France would have reached the Final, and I also did not like that Deschamps did not include Benzema and I think that was a great warning of having lost that final, this is one of the things that happens when the technical director has not been able to mature the differences with his players, you can't send the weakest to war, you must send the strongest to win it, but Deschamps couldn't see that, and that's what the AI failed to predict, that's why I say to this the AI needs a lot of development.

Even how much it would be developed, there's still no way that it could really be able to make precise predictions due to factors which cant really be read up with any AI no matter how advanced it would be.
There are things which cant really be touched up by technology advancement not matter how good it is on other aspects but in speaking about future results and other correlated things
then it would be an another story.It is really just we should accept that AI couldnt touch up betting area or something that do talks about predictions and future events
which are bound to happen.

Indeed it is so, but we cannot deny that these AIs are going to improve so much that they are going to make Better and better conjectures, they can draw Conclusions faster, they will have fresh information on many statistics and you will have the Information of all the events right there, as well as how can compete against that? a human being can't even do it because he's a Genius,then every time this will get better, of course, they're starting up now,but for what is Expected and if it joins quantum computing, it will be a possible era of "" machines"", and you have to be very careful,man can be so amazed by technology that he can be the object of its own destruction.

nullama

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Quote from: Solosanz on April 26, 2023, 09:07:44 AM

~snip~
My assumption is saying if AI will give future prediction based on the past statistic, although it's true a team which have a good record tend to win, but we have seen so many top team get beaten by mediocre team and a team which become champion for multiple times will not always make them become a champion in the next season.

Although I had saw so many thread or article saying you shouldn't involve emotion in gambling, but now the difference of human and AI is the emotion Cheesy

Well, sure, but those events are less probable to happen.

For example, if you throw a dice three times you probably won't see a 6 three times in a row, but it can still happen. And it will happen eventually. Just that it's not as common as seeing other combinations.

The same happens with sports betting as well.

traderethereum

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Quote from: Betwrong on April 26, 2023, 04:02:50 AM

Quote from: Fredomago on April 23, 2023, 05:34:15 AM

~
With a good source of information I'm sure AI will beat them but in terms of emotions things that only human experts can play and weight the possibilities, there's something that still needed to consider unforeseen cases that might affect how AI will decide with their recommendations, the good thing here is you can use AI recommendation or you can go to the other-side.

Something that you'll going to be against the favorite, which is most of the time I believe that AI will provide after sorting all the available information around.

Expecting that with all available information provided AI will always be right in its predictions is not wise. We shouldn't rule out the possibility of a team winning against all the odds. The question is, will AI predictions be more cumulatively more accurate than those of the human experts? I think, we are less than a year from the time when AI will beat humans in this regard.

But before AI can provide recommendations, we must check the accuracy of the information provided by AI, especially considering that AI still needs to be developed even better in the current situation.
I wouldn't put too much hope in AI until it could show me possibly more accurate information than I could find.
We can't still depend on AI for now. Moreover, we have seen how AI answers something we ask, so we should stick to what we have done before in betting on sports betting.
By continuing to use the methods that we are used to, maybe the chance of victory that we can hope for will also be greater, but we can also keep an eye on AI projects in the gambling sector so that we can know their progress.

Solosanz

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Quote from: Betwrong on April 26, 2023, 04:02:50 AM

Expecting that with all available information provided AI will always be right in its predictions is not wise. We shouldn't rule out the possibility of a team winning against all the odds. The question is, will AI predictions be more cumulatively more accurate than those of the human experts? I think, we are less than a year from the time when AI will beat humans in this regard.

My assumption is saying if AI will give future prediction based on the past statistic, although it's true a team which have a good record tend to win, but we have seen so many top team get beaten by mediocre team and a team which become champion for multiple times will not always make them become a champion in the next season.

Although I had saw so many thread or article saying you shouldn't involve emotion in gambling, but now the difference of human and AI is the emotion Cheesy

Lucasgabd

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Quote from: Betwrong on April 26, 2023, 04:02:50 AM

Quote from: Fredomago on April 23, 2023, 05:34:15 AM

~
With a good source of information I'm sure AI will beat them but in terms of emotions things that only human experts can play and weight the possibilities, there's something that still needed to consider unforeseen cases that might affect how AI will decide with their recommendations, the good thing here is you can use AI recommendation or you can go to the other-side.

Something that you'll going to be against the favorite, which is most of the time I believe that AI will provide after sorting all the available information around.

Expecting that with all available information provided AI will always be right in its predictions is not wise. We shouldn't rule out the possibility of a team winning against all the odds. The question is, will AI predictions be more cumulatively more accurate than those of the human experts? I think, we are less than a year from the time when AI will beat humans in this regard.

Relying only on AI predictions may not be a wise decision since there may be unforeseen circumstances that could affect the outcome of bets.
Though the advantage of AI is that it can always analyze a vast amount of data and provide recommendations based on statistics.

Betwrong

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Quote from: Fredomago on April 23, 2023, 05:34:15 AM

~
With a good source of information I'm sure AI will beat them but in terms of emotions things that only human experts can play and weight the possibilities, there's something that still needed to consider unforeseen cases that might affect how AI will decide with their recommendations, the good thing here is you can use AI recommendation or you can go to the other-side.

Something that you'll going to be against the favorite, which is most of the time I believe that AI will provide after sorting all the available information around.

Expecting that with all available information provided AI will always be right in its predictions is not wise. We shouldn't rule out the possibility of a team winning against all the odds. The question is, will AI predictions be more cumulatively more accurate than those of the human experts? I think, we are less than a year from the time when AI will beat humans in this regard.

nullama

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Quote from: batang_bitcoin on April 25, 2023, 06:14:23 PM

~snip~
That's what actually AI will respond with these set of questions that are being thrown to it. If the answer to a question is about like predicting the future outcome of a match or an answer that needs some opinion, it will answer that it cannot answer wholly and will only base on the data that's given it can find over the internet. With even gpt4, I guess that it's still having time in learning how to give some predictions related to gambling and sportsbetting.

You can also always ask roundabout questions to the AI, and make up your own mind about who's going to win an event.

There's no need to obtain an actual odd, you simply might request some specific information about key players, and things like that.

It's basically a tool, and there will be many different usages of it.

batang_bitcoin

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Quote from: Woodie on April 25, 2023, 08:10:22 AM

Is this even possible?

Am guessing when it comes to sporting events AI will make informed selections based on historical data which any pundit out there will probably use when trying to make on the same pick, so technically all what AI is doing is using existing numbers that are available to all..
Btw I don't think these can ever predict an outcome of an upset because the numbers will never agree so this AI thing and gambling does work maybe with casino games might have some luck there.

That's what actually AI will respond with these set of questions that are being thrown to it. If the answer to a question is about like predicting the future outcome of a match or an answer that needs some opinion, it will answer that it cannot answer wholly and will only base on the data that's given it can find over the internet. With even gpt4, I guess that it's still having time in learning how to give some predictions related to gambling and sportsbetting.

nullama

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Quote from: Fredomago on April 25, 2023, 01:12:41 PM

~snip~
If the gambler doesn't have any good control with their bankroll, even they've got the chance of winning eventually, they will lose it back to the house, though there are gamblers who knows how to deal with it and can manage to win, not many for sure as we continue to see more casino that keeps opening from time to time.

Moving back to the thread, AI might be used by both gambler and the house. They will both adjust and I agree that the house will continue to have that edge due to the house edge and the automated system that is being provided by bookies.

Yeah, I'm pretty sure casinos have already started to use AI to calculate their odds more accurately.

At the end of the day, they have a lot of money and usually can afford to stay on top of the game all the time.

Fredomago

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Quote from: TheGreatPython on April 25, 2023, 07:58:53 AM

Quote from: nullama on April 22, 2023, 11:24:49 PM

Whatever algorithm, AI, or whatever is designed, the odds are always set by the casinos and always they will make it an advantage for them.

Also, it's by design, and they try to disguise it a lot, so that it "looks" or "feels" like there's no advantage to the casino, but make no mistake, there really is there an advantage to them.

Well, honestly, when it comes to sports betting, there is nothing a casino can do really to have the odds in their favour, I'm not really sure how the odds are calculated but whether a casino will get more or less totally depends which team will win a match and how much is staked by the gamblers on the team that was playing against the winning team.

The odds in other gambling games are surely in the favour of the house all the time, especially with the house edge, a gambler simply doesn't have a lot of chances to win against the house and even if they manage to do that, they will eventually lose again.

If the gambler doesn't have any good control with their bankroll, even they've got the chance of winning eventually, they will lose it back to the house, though there are gamblers who knows how to deal with it and can manage to win, not many for sure as we continue to see more casino that keeps opening from time to time.

Moving back to the thread, AI might be used by both gambler and the house. They will both adjust and I agree that the house will continue to have that edge due to the house edge and the automated system that is being provided by bookies.

Woodie

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Is this even possible?

Am guessing when it comes to sporting events AI will make informed selections based on historical data which any pundit out there will probably use when trying to make on the same pick, so technically all what AI is doing is using existing numbers that are available to all..
Btw I don't think these can ever predict an outcome of an upset because the numbers will never agree so this AI thing and gambling does work maybe with casino games might have some luck there.

Quote from: lucifur on April 24, 2023, 08:44:59 AM

I just saw this thread in the unread posts lists and I remembered an episode in Young sheldon where he as a genius uses his mathematical skills to statistically predict the outcome of a game. I think it will be awesome to see this kind of technology working pretty well.

Its possible to have some kind of mathematical system of trying to beat the system like martingale or whatever it is but usually for this to work the trick is in the risk management but unfortunately from what i have tried,seen,read the house always wins at the end of the day.

TheGreatPython

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Quote from: nullama on April 22, 2023, 11:24:49 PM

Whatever algorithm, AI, or whatever is designed, the odds are always set by the casinos and always they will make it an advantage for them.

Also, it's by design, and they try to disguise it a lot, so that it "looks" or "feels" like there's no advantage to the casino, but make no mistake, there really is there an advantage to them.

Well, honestly, when it comes to sports betting, there is nothing a casino can do really to have the odds in their favour, I'm not really sure how the odds are calculated but whether a casino will get more or less totally depends which team will win a match and how much is staked by the gamblers on the team that was playing against the winning team.

The odds in other gambling games are surely in the favour of the house all the time, especially with the house edge, a gambler simply doesn't have a lot of chances to win against the house and even if they manage to do that, they will eventually lose again.

STT

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Quote

And that's why casinos continue to operate for a long time making crazy amounts of money, and people end up in financial ruin, everywhere in the world.

One doesnt imply the other, people can bet within a budget just like they do any activity. Most crypto casinos allow really low bets compared to a normal casino it can be far more modest and in no way a threat to your wallet. Also its better to have more customers then over use the few you might have who cannot in the long term carry on gambling that much, a profitable business will go for the long term objective not aim to exhaust their customer base in any unhealthy way.

Quote

statistically predict the outcome of a game

That can be done and it will say the house has an advantage. How to give yourself an extra advantage is much harder to observe then implement successfully, in most games I dont think its possible especially though I dont blame people for trying. AI will be most useful for reducing the homework and legwork to any task, if they are easy to use then only the user and their imagination becomes a limitation but mostly I see them for automation and facilitation of existing tech.

masulum

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hmph..

Quote from: lucifur on April 24, 2023, 08:44:59 AM

I just saw this thread in the unread posts lists and I remembered an episode in Young sheldon where he as a genius uses his mathematical skills to statistically predict the outcome of a game. I think it will be awesome to see this kind of technology working pretty well.

Implementing this in gambling games might result in users being deemed to have committed an offence. If he can read the patterns of online gambling games, then there will be many people who will buy the software. If that is the case, online and offline gambling will easily go bankrupt. because the pattern further increases the number of winners.

lucifur

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I just saw this thread in the unread posts lists and I remembered an episode in Young sheldon where he as a genius uses his mathematical skills to statistically predict the outcome of a game. I think it will be awesome to see this kind of technology working pretty well.

len01

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Quote from: romero121 on April 23, 2023, 06:59:44 PM

Quote from: len01 on April 23, 2023, 12:53:06 PM

Quote from: SirLancelot on April 23, 2023, 11:24:34 AM

Quote from: SquallLeonhart on April 22, 2023, 01:58:41 PM

Everyone keeps forgetting about house edge when they talk about this, and I agree that this would be the reason why they would not be managing an AI to gamble for you. You can max the capability of an AI and create the best one, but mathematically house will always win and there is no scenario, no AI, no human, no nothing that could beat a house with 1% edge (well 1% commonly but that changes based on games and casinos).

So all in all, we are not going to see an AI do better than humans do, that's just not going to happen. I hope that it will get better one day but I bet that it will not get any better and we are going to end up seeing AI fail to be better than humans. Worst part is some people will think AI will be better and test it and lose even more money than they would normally because they trusted it too much.

I don't really understand why people are behind AI to be able to make them win when everyone clearly knows that gambling is not something that can be won if your luck is against you, an AI model can simply not be able to turn your losses into wins or your bad days into good ones since it isn't capable of doing that nor it's possible.

Gambling is about pure luck and nothing else can change that. Whether you ask the AI model to give you some strategy or make it predict the outcomes of a sports event, none of that is going to be accurate at all.

gambling would be a profitable place if one could become a bookie rather than an AI.

even though AI cannot change someone's destiny from unlucky to more fortunate, AI is able to provide any search assistance we want regarding gambling. although AI cannot provide accurate information, AI is able to help consider the final results of our predictions.
there's nothing wrong with using AI to find information about sports betting.
maybe only sports betting at this time can be considered to get winning chances using AI predictions.

That's the best part of AI. It can serve as an assistance provider which can change limit the time spent to gather information relative to a game. Apart it is our responsibility to predict the outcome based on the data. Whether you go with the AI suggestion or your choice, it is completely upto the person's luck. As mentioned an AI can never change the luck factor of a gambler. If that is possible then usage of AI to predict the outcomes will be effective. For now sports betting only can use it, as the casinos have different scripts for their games.

even if we ask for AI assistance to predict a football match, for example, it would be better if we make an analysis first before predicting using AI. so the AI is only to consider from our predictions. if the predictions that are displayed are almost the same as our predictions, of course we will be more confident to bet on one of these teams.

regarding AI in sports betting. not only in sports betting, even in poker games there is AI that can be used. like the issue of some news in another thread.

ChiBitCTy

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I saw this post on instagram that had used ChatGPT (4 I think it is) to choose which 10 professional athletes are the best ever. Again this is athletes, not just single sport related. Bo Jackson wasn’t on the list. The only person to have ever been selected an all star in two different American professional sports leagues (football and baseball). The funny thing is this is well known and not really disputed. He makes the top 10, at minimum. So yeah, GhatGPT is cool no question , and it’s only going to get better..but it’s not at a point I’d take advice from it.

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Quote from: nullama on April 23, 2023, 06:44:48 PM

Quote from: len01 on April 23, 2023, 12:53:06 PM

~snip~
gambling would be a profitable place if one could become a bookie rather than an AI.

even though AI cannot change someone's destiny from unlucky to more fortunate, AI is able to provide any search assistance we want regarding gambling. although AI cannot provide accurate information, AI is able to help consider the final results of our predictions.
there's nothing wrong with using AI to find information about sports betting.
maybe only sports betting at this time can be considered to get winning chances using AI predictions.

Yeah, it's the same with financial advisors, or gambling, etc.

The person charging you a fee, independent of the outcome, is the one making the real money.

It's that simple.

They charge you an entry fee to a show basically, you might enjoy or not enjoy the show, but you will have to pay anyway.

This reminds me of the California gold rush in which many people attracted by the dreams of becoming wealthy by finding a lot of gold moved to California hoping for the best, but instead the ones that became rich were the ones which provided services to the miners.

Now that does not mean there were not successful miners, but as you may guess their numbers were small compared to the merchants, and a similar process happens now as well when it comes to the casinos.

Topic: [POLL] Using AI to predict outcomes - page 24. (Read 10042 times)