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Topic: Sports Betting and AI predictions - page 4. (Read 576 times)

legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
October 15, 2024, 12:12:51 PM
#19
if will ever exist an AI able to predict outcomes of sports events for sure... this will be in the hand of bookmakers and odds providers and not in the hands of the gamblers!!!

systems that are ALREADY used in betting are well known and of course used by them.
Personally I don't think that an AI Predictor could be an issue or a threat for them... this will be just another instrument that they can use in order to become more profitable Roll Eyes

How could we call the system based on the algorithm responsible of calculating the odds bookmakers offer, but AI? The OP and most users talk about a hypothetical AI which would be 100% accurate and available for all (which is impossible, due to the infinite factors that have impact in the results) and forget that a not so infallible system, but accurate enough, is what they find every time they make a bet.

As the algo continues being improved, I don't think anything will change dramatically.
hero member
Activity: 1666
Merit: 709
Playbet.io - Crypto Casino and Sportsbook
October 15, 2024, 12:10:27 PM
#18
The funny thing is that Ai can do alot of things but one this it can't do is successful predict all matches. Yes you can have an idea of how a game is supposed to go by checking previous records, infact this is how odds are giving to teams, players or events in the game but as a long time sport better I can tell you that not all the time does a game go as predicted.

Ai can easily access all the records and would go for the smallest odds but as humans you can have emotions or your feelings about a match not necessarily by record and win the game.
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
October 15, 2024, 12:02:44 PM
#17
I feel like casinos are at a big risk nowadays, just think about a new AI focused on sports coming to the market to bring the best predictions, it would be a huge trouble, and even if no one can predict the future those AI could have a huge accurate rate, and that's an "Always win" game for the users.

For sure some AI will be locked for features like this, but some others will work with freedom and will be able even to analyze live games and suggest the right bet for the second time of the match.

That's certain for all die hard fans and sport enthusiasts to foresee their analysis on this part of gambling game. But for AI, I can't really figure out how accurate is their upbringing on this idea of 100% target to be obtained once the game commences. This is very difficult even for those masters of each analytical skills, due to unpredictability of each match. Better face the risk than to rely with AI analysis, because you'll regret if you give your trust at 100% towards it.
hero member
Activity: 1316
Merit: 787
Rollbit - The #1 Solana Casino
October 15, 2024, 11:54:27 AM
#16
I don't know why I'm a bit reluctant to do something using AI even though I know that this technology can make everything that people do easier.
Although in the future AI technology will be widely used by gamblers to make betting predictions, eventually they will realize that using AI in terms of predictions will not get them the results they want.
If there are casinos that have decided to implement AI on their sites, gamblers will slowly ignore AI in every betting prediction. I'm sure that will happen.
hero member
Activity: 896
Merit: 586
Leading Crypto Sports Betting & Casino Platform
October 15, 2024, 10:36:43 AM
#15
I feel like casinos are at a big risk nowadays, just think about a new AI focused on sports coming to the market to bring the best predictions, it would be a huge trouble, and even if no one can predict the future those AI could have a huge accurate rate, and that's an "Always win" game for the users.
It is impossible for AI to predict accurately the outcome of a match in future because these are human activities. Casinos will be very happy since it will make more people go into gambling, giving the casinos more profit because many will be misled by AI results and they will stake hugely to make profit. Whether you like it or not, luck is by chance and it is beyond human capacity, and AI is programmed by human.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
October 15, 2024, 10:23:12 AM
#14
There was an AI prediction tool posted here a few months ago. It wasn't really that accurate although the AI compared the skills and their previous wins, the AI didn't correctly predict the outcome of the game.

I always believe that the odds given by the sports bookies were already an accurate one. Heavy favorites have x1.01 - x1.30 odds and the underdogs with lower adds to win their match. It will just depend on us on what we want to pick.
I mean they are already predicting that the heavy favorite has a higher chance to win which could be the same as what the AI will offer. It's not like they just pull it somewhere in the streets because I bet there are also analyzers who did it and made sure that it is right.
Also, do not forget about traps, I have seen some during my long time betting on sports and if the AI is just taking their predictions from the internet, it will most likely choose the trap and the user of the AI becomes a victim of it.
Yeah, if we're talking about people who want to exploit casino using AI, people are forgot if the owner already hire developer who work to strengthen their security and use AI to calculate the odds more precisely. Of course this depend on which one is faster to upgrade their system, that's why there are still many hackers can exploit centralized sites.

There's a chance if someone already learn the algorithm of Chatgpt, Gemini etc and the way they collect the datas, someone could create fake content as many as they can to make Chatgpt, Gemini to collect data from their fake content.

They could program it to only get data from reliable sources and often the casino will collect the data of the bettors who usually win. And then they can use this data to only give these users customized odds.
sr. member
Activity: 1106
Merit: 391
October 15, 2024, 10:14:09 AM
#13
AI makes analysis based on the information it collects, so depending on the information it collects, AI can predict well or worse. Moreover, in the game anything can happen - it could be that the underestimated team suddenly wins the game - and many other unexpected variables that can make AI predictions go astray. So from this we can see that AI is not an enemy of the casino, in fact they welcome it and maybe in the future they will also develop AI that can help them make better decisions.
legendary
Activity: 1820
Merit: 1207
October 15, 2024, 10:05:56 AM
#12
I always believe that the odds given by the sports bookies were already an accurate one. Heavy favorites have x1.01 - x1.30 odds and the underdogs with lower adds to win their match. It will just depend on us on what we want to pick.
I mean they are already predicting that the heavy favorite has a higher chance to win which could be the same as what the AI will offer. It's not like they just pull it somewhere in the streets because I bet there are also analyzers who did it and made sure that it is right.
Also, do not forget about traps, I have seen some during my long time betting on sports and if the AI is just taking their predictions from the internet, it will most likely choose the trap and the user of the AI becomes a victim of it.
Yeah, if we're talking about people who want to exploit casino using AI, people are forgot if the owner already hire developer who work to strengthen their security and use AI to calculate the odds more precisely. Of course this depend on which one is faster to upgrade their system, that's why there are still many hackers can exploit centralized sites.

There's a chance if someone already learn the algorithm of Chatgpt, Gemini etc and the way they collect the datas, someone could create fake content as many as they can to make Chatgpt, Gemini to collect data from their fake content.
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
October 15, 2024, 09:58:37 AM
#11
if will ever exist an AI able to predict outcomes of sports events for sure... this will be in the hand of bookmakers and odds providers and not in the hands of the gamblers!!!

systems that are ALREADY used in betting are well known and of course used by them.
Personally I don't think that an AI Predictor could be an issue or a threat for them... this will be just another instrument that they can use in order to become more profitable Roll Eyes
hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
October 15, 2024, 09:53:49 AM
#10
I feel like casinos are at a big risk nowadays, just think about a new AI focused on sports coming to the market to bring the best predictions, it would be a huge trouble, and even if no one can predict the future those AI could have a huge accurate rate, and that's an "Always win" game for the users.


If AI gives huge accurate winning rate then what do you think would happen? Of course all gamblers would be rich overnight and those who are white collar workers that don't like gambling would immediately turn to gambling. No one likes to labour without seeing rewards and you see new adoptors in gambling.

I don't believe there is free meal anywhere. So gamblers should always disabuse their minds of easy winning or any magic exist in AI or betting sites. Just do your research and analyse your bets and bet according to how you can bear your loses. Some of these AI information and sure winning sites are the reason some gamblers overstake thinking they have certain assurance and later end up regretting.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
October 15, 2024, 09:47:02 AM
#9
I always believe that the odds given by the sports bookies were already an accurate one. Heavy favorites have x1.01 - x1.30 odds and the underdogs with lower adds to win their match. It will just depend on us on what we want to pick.
I mean they are already predicting that the heavy favorite has a higher chance to win which could be the same as what the AI will offer. It's not like they just pull it somewhere in the streets because I bet there are also analyzers who did it and made sure that it is right.
Also, do not forget about traps, I have seen some during my long time betting on sports and if the AI is just taking their predictions from the internet, it will most likely choose the trap and the user of the AI becomes a victim of it.
sr. member
Activity: 728
Merit: 388
Vave.com - Crypto Casino
October 15, 2024, 09:34:24 AM
#8
AI predictions? I've been there, as easy as it sounds you won't have your way, because AI predicts using analysis and that's all there is, even AI can be wrong, see this whole thing is people trying too hard to avoid losing in gambling and winning a lot more instead, you aren't going to get that, because you want the house out of business it seems, the more you get this the easier you will understand gambling.

Whenever you win someone else is losing, it is this simple, we can't all the winners and that's why life is hard on many of us, if it is very easy to make money everyone will be rich and our money won't have value, AI betting only increase your chance by one or two plus, thinking that you can't lose simply because of AI prediction is stupid.

AI or no AI, better be prepared with what you can only afford to lose, there is nothing that can completely safe you from losing when gambling, you will only get hurt if you risk alot and you can end up chasing your loss.
hero member
Activity: 1400
Merit: 623
October 15, 2024, 09:31:18 AM
#7
I feel like casinos are at a big risk nowadays, just think about a new AI focused on sports coming to the market to bring the best predictions, it would be a huge trouble, and even if no one can predict the future those AI could have a huge accurate rate, and that's an "Always win" game for the users.

For sure some AI will be locked for features like this, but some others will work with freedom and will be able even to analyze live games and suggest the right bet for the second time of the match.

I think casino will lower the odds to the minimum point for the picks that chosen by an AI assuming that they have high accuracy rate. Also casino can easily restrict or limit any user that use an AI for their game just like restricting the use of arbitrage bet that guarantee +EV on bets.

There’s a lot of ways for casino to counter and there’s no way that they will allow that gamblers will use them as source of income through a sure bet

Expect more additions to Casino ToS just to counter this tool.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
October 15, 2024, 09:30:24 AM
#6
Yes Ai will definitely improve on match prediction but I doubt there's much worry here, since live games can't be entirely predictable, after all this are being played by we humans, nobody have an 100% stand on who will win, score or draw in a game except the game is rigged.
There is nothing it will improve for me. I only go for the matches that I know. Also I can make use of some free prediction sites. I do not care if the site use AI or not. After checking the prediction site, I will still make investigation to know if I should bet on the match or not. In common leagues like EPL, I know the clubs that I should bet on, I do not need AI or any prediction at all.
sr. member
Activity: 700
Merit: 470
Hope Jeremiah 17vs7
October 15, 2024, 09:23:57 AM
#5
I feel like casinos are at a big risk nowadays, just think about a new AI focused on sports coming to the market to bring the best predictions, it would be a huge trouble, and even if no one can predict the future those AI could have a huge accurate rate, and that's an "Always win" game for the users.

For sure some AI will be locked for features like this, but some others will work with freedom and will be able even to analyze live games and suggest the right bet for the second time of the match.
Yes Ai will definitely improve on match prediction but I doubt there's much worry here, since live games can't be entirely predictable, after all this are being played by we humans, nobody have an 100% stand on who will win, score or draw in a game except the game is rigged.

The more the chances of Ai and we gamblers have in predicting a game correctly, we see such prediction having small odd set by sports bookers on that game and so I think this will continually be used for it.
legendary
Activity: 1456
Merit: 1108
Top-tier crypto casino and sportsbook
October 15, 2024, 09:13:10 AM
#4
I feel like casinos are at a big risk nowadays, just think about a new AI focused on sports coming to the market to bring the best predictions, it would be a huge trouble, and even if no one can predict the future those AI could have a huge accurate rate, and that's an "Always win" game for the users.
AI for sports betting will look like they will increase the chances for sports bettors, but it still is not a guarantee for accurate predictions. Gamblers who will depend on them solely will lose a lot.

For sure some AI will be locked for features like this, but some others will work with freedom and will be able even to analyze live games and suggest the right bet for the second time of the match.
If it comes to fruition, I expect some kind of response from betting platforms in adjustment to this new technology that threatens the profit they make even though they don't guarantee an accurate result. Maybe they will reduce the options of bets available and maybe stop live betting as well.
hero member
Activity: 2716
Merit: 904
October 15, 2024, 09:06:13 AM
#3
I feel like casinos are at a big risk nowadays, just think about a new AI focused on sports coming to the market to bring the best predictions, it would be a huge trouble, and even if no one can predict the future those AI could have a huge accurate rate, and that's an "Always win" game for the users.

For sure some AI will be locked for features like this, but some others will work with freedom and will be able even to analyze live games and suggest the right bet for the second time of the match.

hmmm.. it sounds tempting for bettors to use AI for predictions, thinking it might lead to more wins, in reality, that’s not the case as it's hard to succeed in sportsbetting... and only a small percentage of bettors actually come out on top....

Okay to make it simple....Let me give an example to explain why I believe it’s still hard to win in sports betting, even with AI.

Let’s say you’re betting on an NBA game, with these odds:

Warriors +7 vs Celtics -7...

You ask the AI to analyze the game with the given odds.

The AI might respond, "Hey, with the odds you’ve provided, the Warriors have a solid chance of covering the spread as the Warriors are a good team, and in their last three games, they not only covered the spread but also won. On the other hand, the Celtics are a great team as the defending champs, but they only covered 1 out of their last 3 games. So, the best pick here is... Warriors +7."

Now, imagine 80% of the bettors use the same AI and get the same recommendation. They all bet on the Warriors +7. Bookies, knowing this, would just adjust the line--maybe they move it to Warriors +5 or less as more money pours in on the Warriors. Then, some bettors check with AI again, and now the AI might suggest betting on the Celtics at -3, because those odds look more favorable.

See, bookies have a system. They constantly adjust the odds to balance the betting action. No matter what we do, it’s unlikely that the majority of bettors will win because the bookies control the odds and spreads. When they balance the bets, they lock in their commission or juice, and the higher the betting volume, the more money they make, even if it’s just from that 10% com....

In the end, it’s still the bookies who have the upper hand.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
October 15, 2024, 08:59:30 AM
#2
If there are AI that are predicting matches, betting sites will be very happy. They will be happy because they know that the AI will let people think that they can use them for betting. But at the end, those that bet frequently will still be losing. To make money from betting is beyond prediction. Not good for people to think they can make money from betting because it will disappoint like those prediction sites.
legendary
Activity: 3346
Merit: 3125
October 15, 2024, 08:52:35 AM
#1
I feel like casinos are at a big risk nowadays, just think about a new AI focused on sports coming to the market to bring the best predictions, it would be a huge trouble, and even if no one can predict the future those AI could have a huge accurate rate, and that's an "Always win" game for the users.

For sure some AI will be locked for features like this, but some others will work with freedom and will be able even to analyze live games and suggest the right bet for the second time of the match.
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