Topic: Using AI for betting predictions - page 3. (Read 743 times)

It might even be recommended soon to use AI in everything we do including betting. As of now, chat support reps are even using openAI and this is according to my friend who is a chat support and an ELTS teacher.

There must be some developers by now trying to develop AI for sports prediction. The more this question about AI betting prediction on different websites, the more there is means a lot of demand for it.

As we know recently AI has been performing very well in many areas, so we can't rule out AI giving more accurate predictions than a team of analysts. If many famous personalities say that AI is the future, it means that sooner or later it will be used in forecasting. Besides, we cannot know which analytical companies and bookmakers are already using AI in their work. But it seems to me that AI is clearly already being used.

I don't believe there's anyone who has successfully created a tool that guarantees easy wins in gambling. When we discuss gambling prediction tools, I assume we're referring to skill-based games, as luck-based games inherently have a house edge that no tools can consistently outperform in the long run.

The reality is, if such tools existed, it would be relatively easy for gamblers to bankrupt a casino. Given the enormous financial stakes involved, it seems unlikely that such tools exist now or will be created in the future.

Even in sports betting, the most popular form of gambling where the outcome of games is involved, if someone were to create a tool that accurately predicts results, making significant money would be seemingly easy. However, despite the vast size of the sports betting industry, there's no evidence of gamblers consistently winning. Therefore, it's safe to presume that no such tool has been developed yet.

I do not see anything preventing the use of artificial intelligence tools to study probabilities according to statistics and results of previous matches.  I am not saying that these methods should be relied upon with complete confidence, but rather they can be used partially as an aid and never as a strategy.

This is very similar to the use of trading bots, which are not enough to be programmed to work efficiently, but rather require constant monitoring due to the volatility of market movement.  Artificial intelligence tools are capable of analyzing data according to settings that are difficult for the human mind to comprehend all together, but it remains unable to derive accurate results, which is almost impossible.

I tried to use free services but every time they told me that they didn't carry out this type of activity...
Of course Just for sake of curiosity.
I am not sure actually there Is any reliable system that can outperform a gambling platform.
But I am pretty sure something like this could be created and in the past some "big" gamblers have been able to create such predictive model.

I think you are giving the answer to a problem that could soon be solved as AI progresses. We are approaching an epoch of artificial intelligence that will be be able to self-improve and by then it would be interesting to see how AI can be good at calculating odds itself and beat human beings in betting. At the moment the data is still fed into the algorithms and dependent more on what we as human beings think. But again, soon it will be able to think itself. But the problem then will still be that everyone has access, including the bookmakers. When bookmakers are using the same AI and do some adjustments to get a house edge included, how would anyone benefit from it? It will still be a luck based game and would rather lead to bookmakers shut down the business if they can't calculate an edge into the odds anymore.

That could be the reason given by people who have tried using AI, but it seems like AI still needs more development so that it can provide more information or more accurate analysis. And it is true what you said that in gambling, we need luck which will help us to win. But we should only rely a little on AI's ability to analyze because after all, we need skills to be able to analyze matches so that we can also improve those skills. It would be better if we had better analytical skills than now so that when AI cannot be used, we can still analyze the match with the abilities we have. We will not miss any match because we have analytical skills.

We often discuss AI with gambling many time, and the answer is NO.
because AI is still human-made and programmed according to the creator's wishes.
So If the creator is really smart, why he doesn't play directly and get rich just by playing and betting himself?. I think his victory before was just a coincidence, just look what happen after, your friend always got lost and lost. This mean, the AI don't help you to win your bet. You have to be realistic if gambling only made for human not for robot.

Actually it will be seems that the most easy for win,but the fact is it’s not easy as you think.If the gambling bet was matched with the bot or AI,everyone will purchase that bet to play the game.So it leads to million of people as the millionaire.So it’s not possible one,As he said only 30 percent of the results can be identified using the AI.So their are huge possibilities for loss.Instead you can do the best thing of betting using your own knowledge.The random bet will be the wrong one,many people loss even the millions of dollars by the random bet in the gambling site.If the gamblers get the good option of win,he should avoid of random bet.

Using Ai as a tool is very commendable and it may do more than help one predict and win during trading and even sports betting.
AI is the future of the forth coming generation and an early grasp of how it functions and operates  would make one a superior earner in every context where it is applicable.

I am a believer that AI bots should be used as a supporting tool for predictions in sports betting. But, relying on it completely can be also risky, especially if a person does not know anything about the said sports.

Like what I have mentioned before, AIs were created in order to make our life easier. Since they can comply data, store information, and rely on statistics, they can be used as a tool in order to support a person in making his decision on which sports to bet on. But if you rely on it completely, it becomes potentially dangerous especially if you based everything on what they have said.

At the end of the day, a person's knowledge is still superior to that of AI. That is the reason on why using it as a tool can be beneficial rather than as an answer.

AI should only be relied on in gambling if it actually produces a better result than human prediction, but if it doesn't, then there's obviously no need to use it. I have been relaying on my personal prediction since I started gambling; to date, it's even more difficult for me to relay on some of these online gambling telegrams or other social media channels that happen to offer some kind of paid prediction game. Although I saw one on Twitter that theirs seemed legit, I don't actually relay on it.

I think it's a different thing with weather forecasting. While the moves of the weather are predictable based on the radar that we have and equipment that are specific of it.

It's totally different when we're comparing it to the sports results because they're entirely unpredictable. You'll never know who's going to get injured during the actual game and who's in or out.

While you're mentioning about the potential of AI and we all knew about it but I just sense that you're saying totally different thing from the actual topic.

Yeah, good point.  It's pretty ridiculous to think some AI bot can foresee what Bitcoin or other cryptos are gonna do.  I guess maybe as a game to guess the future, but folks trusting it to guide investments probably ain't smart.  Same thing with sports - no computer program can reliably call winners and losers.

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Well, it really depends on which AI language model you use.  ChatGPT ain't the only game in town anymore.  Nowadays there's all kinds of options out there - GPT-4, Google's new Bard thats supposed to be better at context, and specialized bots too.  They all got their own strengths and shortcomings. 

It's only better to ask a friend rather than asking ChatGPT. From what I have heard, it doesn't even have the latest database of information (only till 2021), if I'm not WRONG. I don't watch sports that much but my friends does. So whenever it's about a sport betting, I would simply ask a friend to get better insight of the game. Who could be the winner or what could be the chances of certain teams. I think you got what I meant.

Dont know on where you do get that 10% success rate but i do agree into those points that it is really something that basing up into those informations that had been set or stored
into its library on which means that we humans are really that still superior when it comes to assessing and trying out to realize on what things could possibly happen.
Its never been that recommendable that you would be relying with AI when it comes to predictions and really be that basing on it.
If you are really that curious then you could try but be sure that you would really be that trying out to realize if its working or not but
whether which one we would choose then there's no way on knowing on things on what would happen.

Also the AI application would have to pull data from a real-time updated source or otherwise it could get so many things wrong. I don't see any advantages for a gambler unless the person is someone who wants to play bets but not do any research whatsoever. But those who do their own research and I think this applies to most of us, I am sure we would get better results than an AI app most of the time. An AI app would only be good if it was able to calculate odds that provide a higher outcome for the player. But assuming that it would do that, it would not go undetected by betting providers, which means they could use AI to adjust their own odds such that they benefit from any margin instead of the player or it becomes so narrow that nobody has any extra advantage. The point of doing research is finding odds on a platform that we think are a bit off to our own advantage.

AI will be a proficient tool for link sourcing on previous games, to read and analyze games. Other than that, I don't see AI any effective in helping us win our games. Those bots only perform better in giving answers to already existing events. So, it's like a means of getting a summary of all the sources available for a question, unlike google. Depending on AI for a future event is a waste of time. Soothe Sayers don't get gambling predictions right, not to talk of AI. Sports results changes, and a player's mistake can ruin the predictions of anybody. Any team can win in a sport competition. Therefore, making the prediction of a game very confusing on who actually would win the game. Somehow the casino business owners, have a glimpse of what the outcome of a game would be, that's how they manage to set up odds. Games can be robbed, in favor of the casinos across the world to make more profits. These strategies helps to make it difficult for gamblers and any tool they try to improvise for prediction. Imagine if AI correctly predict games, casino business would be out of market already. As all gamblers would take the advantage of using AI often and often. Hence casinos make a difference by manipulating their odds such that when majority of people plays a particular odd or in support of a team to win, the odd will be small; paid less. While the little amount of gamblers who chose contrarily to the multitude would be given a huge odd; big pay. And most of the times the majority of gamblers would lose out, because the big team ends up losing to a smaller team. Isn't it a questionable outcome? but, since it's a sport game, anything can happen.

Last time I remember seeing a post with this similar question in the gambling section many comments disagreed with the idea of using AI to predict bets in gambling and I also objected to the use because ordinarily it won't be helpful to the gambler as it would to the house who are perpetually with the hedge in gambling.

AI works based on informations loaded into it it's not an independent information user like human are and if human can still be making wrong bets using human capabilities it then makes the AI introduction to bet predictions none useful as it's still humans that will feed it with the informations it will need to process predictions results.

AI processes data available on the internet to provide the possibility of what will happen in sports betting, so it will never be accurate because such analysis can be done by bettors themselves by looking at the conditions that occur in clubs or athletes, for example looking at H2H or other things that happen and usually considered when choosing which team to bet on, and if someone continues to use AI it will only make them lose more money because there will be no technology that will be able to accurately know the future.