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.