Using AI for betting predictions - page 5.

KTChampions

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Quote from: wallet4bitcoin on November 30, 2023, 11:47:52 AM

I have a developer who recently stumbled on multiple AI he uses for sport betting predictions, he uses it to generate sport bettings but none of the bets gets to be accurate as it generates tens of games. but when used to generate a much lesser number of games the predictions are sometimes correct, at least 3 in 10 predictions of "multiple" bets.

But he loves having 30+ games "multiple" bet to win big amount and so far it has been a challenge in the last 5-6 weeks as his winnings have drastically dropped.

Should AI be relied on for sport betting predictions?

I think your friend just fell for the trick of scammers who sell “correct” predictions for sporting events. Nowadays AI is in trend and scammers, naturally, when selling forecasts, for greater credibility, write that these forecasts were made by AI.
Your friend should stop paying money to scammers and either think for himself or quit betting (in any case, there is no earnings here, only entertainment).

Litzki1990

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When it comes to sport betting, I prefer my own knowledge rather than AI technology. I have enough knowledge about sports betting and I believe that what I can learn about sport betting on my own, I may not be able to learn from AI technology or AI technology will not be able to give me the right idea. In terms of sport betting, one of the two teams has to be chosen and favored to win, I have an idea of how strong the team is and how well the team will do against the other team. As I have good idea about sport betting and I have enough knowledge about different sports based teams so I don't need to take any other technology for sport betting, in this case my knowledge about cricket football or other sports is enough.

Hirose UK

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Quote from: MAAManda on November 30, 2023, 09:37:11 PM

Quote from: wallet4bitcoin on November 30, 2023, 11:47:52 AM

Should AI be relied on for sport betting predictions?

Not at all, and it's not a good idea IMO. AI is smart, but AI isn't a god who knows for sure what will happen in the future. Previously you said that out of 10 matches, the predicted results generated by AI can produce at least 3 correct results. I'm sure if you choose it randomly you can get the correct results even in more than 5 matches. This means you can be smarter or we could say luckier than AI itself Cheesy

.

Agree with you that AI is smart but not god who can determine the future with certainty because in sporting events there is also some luck that can influence the results or unexpected surprises, but luck only plays very small role or almost does not exist.
Getting several win, for example 3 wins out of 10 predictions, is not profitable because the gambler still has 7 losses and these 3 wins will never be commensurate with the 7 losses.
And it is indeed better to choose randomly or based on confidence because it can minimize losses and it could be that it will be more profitable or luckier than just relying on AI intelligence with 10 matches.

A gambler thoughts are usually only about how to win, so they use various methods to achieve victory, but they don't think about the risks or even losing.
Relying too much on AI intelligence will only make gamblers too dependent and could result in more losses in the future.
I don't know how AI can be used as an advantage and this kind of thinking should be eliminated from the start.

MAAManda

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Quote from: Maslate on November 30, 2023, 11:59:31 PM

Quote from: MAAManda on November 30, 2023, 09:37:11 PM

Not at all, and it's not a good idea IMO. AI is smart, but AI isn't a god who knows for sure what will happen in the future. Previously you said that out of 10 matches, the predicted results generated by AI can produce at least 3 correct results. I'm sure if you choose it randomly you can get the correct results even in more than 5 matches. This means you can be smarter or we could say luckier than AI itself Cheesy

.

AI will ba ban if it could predict the outcome of the game, actually, we are just getting mislead by this kind of information. Yes, AI could provide stats but sports betting is not all about stats, there's lots of factors to consider that AI could not provide, so we should be aware of that.

If all sports betting was based only on statistics, then it wouldn't be difficult to make money from it, we just need to take the smallest odds on one of the 2 competing teams, but does it work? not for the whole. I've even seen someone win a football bet with @40+ odds (not a multiple bet, just 1 match).

From what I said, it illustrates that the luck factor also applies here and the AI doesn't know and is irrelevant there.

Maslate

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Quote from: MAAManda on November 30, 2023, 09:37:11 PM

Quote from: wallet4bitcoin on November 30, 2023, 11:47:52 AM

Should AI be relied on for sport betting predictions?

Not at all, and it's not a good idea IMO. AI is smart, but AI isn't a god who knows for sure what will happen in the future. Previously you said that out of 10 matches, the predicted results generated by AI can produce at least 3 correct results. I'm sure if you choose it randomly you can get the correct results even in more than 5 matches. This means you can be smarter or we could say luckier than AI itself Cheesy

.

AI will ba ban if it could predict the outcome of the game, actually, we are just getting mislead by this kind of information. Yes, AI could provide stats but sports betting is not all about stats, there's lots of factors to consider that AI could not provide, so we should be aware of that.

We can use AI to ease our job, but relying solely on AI would surely result to an easy lose of money, and it's not fun.

MAAManda

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Quote from: wallet4bitcoin on November 30, 2023, 11:47:52 AM

Should AI be relied on for sport betting predictions?

Not at all, and it's not a good idea IMO. AI is smart, but AI isn't a god who knows for sure what will happen in the future. Previously you said that out of 10 matches, the predicted results generated by AI can produce at least 3 correct results. I'm sure if you choose it randomly you can get the correct results even in more than 5 matches. This means you can be smarter or we could say luckier than AI itself Cheesy

.

danherbias07

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If it is sports then AI can help by analyzing stats and the possible outcome of the game. But I won't say it will be 100 percent right, there's always the possibility that something could go wrong. It may help us save time with research and analysis but at the end of the day, it's still up to us if we do our homework.
Just like now, I have a bet for the Cavaliers with a -10.5 handicap and yet they still lose the game which means even a moneyline bet won't do. They are against a heavy underdog Portland Trail Blazers so I also added the Cavaliers in my long parlay and now it's broken early because of it.
This tells every sport can be unpredictable, the chances of an underdog team playing better today will always be there and we also have to consider that with our bets. So the wisest pick was supposed to be the +10.5 for the underdog and yet most AI might take the safe path of picking the favorite with lower handicap or just the money line with less profits.

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Quote from: passwordnow on November 30, 2023, 06:08:37 PM

With quick developments that can happen to technology and especially to AI. It's possible that someday that they'll do the job for us but even with betting? well, who knows if it's also possible. I am not optimistic though but if the casino owners find that many bettors do that.
Can they do something about that? I doubt that they can do something with it because all we need to do give is money and picks of the winners.

Having that said, they can't stop bettors from having this type of predictions through AI and if some AI techs are able to generate some picks for their users. Well, that's for sure going to spread like wildfire and many bettors would love to use that so they can make more money.
If that happens, we're gonna make easy money right? Sounds like utopia. Grin

I'm not against AI; in fact, I'm in the technology side of my job and really love technology, including AI, but I don't think in this day and age you can rely on AI. Why? simply because what the AI is predicting is sports, and who is involved in sports? human of course, how can an AI predict the outcome of the game if there are uncertain things that might happen during the game? Maybe the AI will predict based on the stats of the players or team, but it is not enough to predict outcome because, as I said, AI can't predict what humans will do next, what's their plan at that moment, or what moves they will make next. As stated by the OP, the chances to win are 3 out of 10, which is a very low chance. The 3 chances maybe are just a coincidence or what? Even though I'm into AI and technologies, it is still not valid to rely on AI for prediction in gambling or betting. Maybe in some times, there is a possibility.

len01

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Quote from: wallet4bitcoin on November 30, 2023, 11:47:52 AM

Should AI be relied on for sport betting predictions?

many will say that AI will not be reliable for predicting bets and this answer is often said in similar threads and also here some people will say that AI would be better used for other things that are more precise, not for predicting sports bets.

and statements like this are true and in fact some people have tried and the results were very bad and they decided to choose to predict using independent predictions which are much more precise and can provide a greater chance of winning.
we can easily take the example that AI is actually more appropriate to use to help service support respond more quickly and this would be more appropriate to use in casinos.

alegotardo

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Quote from: wallet4bitcoin on November 30, 2023, 11:47:52 AM

I have a developer who recently stumbled on multiple AI he uses for sport betting predictions, he uses it to generate sport bettings but none of the bets gets to be accurate as it generates tens of games. but when used to generate a much lesser number of games the predictions are sometimes correct, at least 3 in 10 predictions of "multiple" bets.

But he loves having 30+ games "multiple" bet to win big amount and so far it has been a challenge in the last 5-6 weeks as his winnings have drastically dropped.

Should AI be relied on for sport betting predictions?

Artificial intelligence is revolutionizing several sectors and human activities, and the sports betting market is no exception. Certainly, its ability to process large volumes of data and identify complex patterns is gradually making AI also play a fundamental role in the way sports betting is carried out today.

I do believe that one of the main ways in which artificial intelligence is impacting sports betting is through its ability to analyze data with very sophisticated algorithms and with machine learning it is capable of processing a huge amount of information, such as player statistics. , team history and even external factors, such as weather forecasts that could influence the outcome of a match.

In theory, these in-depth analyzes would allow bettors to make more informed and accurate decisions, increasing their chances of success, but in practice we don't see this happening... unfortunately it is still not helping us to make more accurate bets or make a profit.
I'm not saying that you can ignore AI, but rather use it as a support to base some important decisions before betting.

temple

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Quote from: TimeTeller on November 30, 2023, 02:37:48 PM

Quote from: temple on November 30, 2023, 02:24:09 PM

The number of positive results that you mentioned here are not very helpful as there is a huge difference in the odds and how AI would respond to whatever data it pulls. If it was 3 in 10 predictions and it was 3 games with a favorite who had odds of 1.1, I doubt that AI is needed to make good predictions at all...

But something else that came to my mind is about the 30+ games. Does that make any sense? I like multibets as well sometimes, but I don't know whether I had ever more than 10 or so. How would it still be enjoyable if you have 20 correct outcomes and then still have at least 10 to go? And I wonder how often he got one of those 30+ multis correct. I can't know of course, but I doubt it.

I believe the answer here is already very obvious. 3 out of 10 in multi-bet? It means you are on the losing side.
So better trust your instincts and bet on the sports you really know and very familiar of.
What more with 30+games, the chance of winning is very small in this case. Maybe try single bet, maybe you have better chance.
Because if the winning percentage is low, it means, you don't want to trust AI with your multi-bet. You can easily go bankrupt in this route.

Yes I know that the answer is obvious and 3 out of 10 is probably worse than the average experienced gambler would get when placing bets on sports that someone can consider themselves an "expert" in. That's why I wonder that someone decides to use the AI support at all for betting.

The 30+ games bets are still a riddle to me as I neither see having fun doing that nor can I imagine that it creates some excitement. I know that there have been multi-bets being shared here with I think 15ish bets or something, but even that wouldn't be fun for me.

lionheart78

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Quote from: wallet4bitcoin on November 30, 2023, 11:47:52 AM

Should AI be relied on for sport betting predictions?

Using AI as a reference is a good move but relying on it entirely is not. As what of the early replies stated, AI today is just for machine learning, so it is yet modify to make a full analysis of some situations. They often base their answer on what is given on the internet so this prediction is not entirely fool proof. It is still best to mix it with personal analysis and information based on what news or inside intel you gathered and give your own version of prediction.

Remember AI only reads the historical data but never can predict the outcome of the game 100% correctly.

n00ber

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Quote from: livingfree on November 30, 2023, 04:52:48 PM

That is because AIs can tell things that "might" happen based on the data that it gathers but it cannot accurately say what's actually will be the result.

For this, you ask an AI about the future price of Bitcoin and it's going to decline any prediction. And the same goes for betting, it's a future result that don't have accurate details on it.

So, if you guys are smart enough, these AIs are also smart to say that they can't predict 100% with sports betting results.

This AI is very. I believe it can predict some games in gambling accurately, Like weather forecasts. Thanks to modern machines, we can know in advance. AI is increasingly developing. Big companies are investing in it. It is just in the process of incomplete experiments. One day, when AI is perfect, I think it will make gambling more accessible.
Of course, Al can base on the Bitcoin Halving of previous years and calculate the future price of Bitcoin, which will be more accurate than we estimate. I agree that it can be calculated accurately, but we humans are the ones who will physically impact the final result. Just like gambling, if we guess correctly in that gambling game, But the casino example has cheated in this and turned the truth upside down. Then we still lose.

passwordnow

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With quick developments that can happen to technology and especially to AI. It's possible that someday that they'll do the job for us but even with betting? well, who knows if it's also possible. I am not optimistic though but if the casino owners find that many bettors do that.
Can they do something about that? I doubt that they can do something with it because all we need to do give is money and picks of the winners.

Having that said, they can't stop bettors from having this type of predictions through AI and if some AI techs are able to generate some picks for their users. Well, that's for sure going to spread like wildfire and many bettors would love to use that so they can make more money.
If that happens, we're gonna make easy money right? Sounds like utopia. Grin

Casdinyard

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I can see the benefit of using AI in betting in the coming years, they are purely logical after all and provided that they work purely under code, they'd have no bias as well. But in the current setting? I doubt it. You can even rely upon AI to answer complex mathematical equations cause 9 times out of ten they'd fuck the answers up. AI's going to be the future for sure, but the present? Not so much. If you're looking to find a reliable way for you to win consistently in betting, look elsewhere until we actually get an AI model that's specifically created for this purpose. Cause if you go about asking ChatGPT which team's gonna win in the future, you'd get no useful information from it, and you'd ultimately just be wasting your time and your money.

Marvelman

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You make a fair point. Betting's tough to predict perfectly 'cause the future's always uncertain. Even if AI tools spot helpful patterns and trends, at the end of the day every bets still a gamble and that's why bettors gotta use their own brains too - carefully judging each wager instead of just blindly following some computer's suggestions. But sure, AI can be useful, just can't replace human common sense.

Juse14

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I just want to try to enjoy this sports betting activity so that it can give me pleasure. Regardless of whether the result is winning or losing, it all depends on the match analysis process that we carry out, but when we are able to enjoy the process, then whether the result is winning or losing, betting remains a fun activity.

Meanwhile, when we bet by relying on artificial intelligence, namely AI, we will never be able to enjoy the process. And when you lose, it becomes a regret. Because what you are after when placing a bet is profit, not pleasure.
And honestly, when I got a win through the analysis technique that I used, I felt very satisfied when I got the win, even though the amount wasn't much.

Hispo

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To me Artificial Intelligence does not have practical applications when comes to predicting outcomes with a high degree of accuracy, the reason is simple, there are too many variables with comes to sports which cannot be in any way, shape or form predicted.
The closest I can think an AI can get is helping with the analysis of data about the performance of teams against each other, in order to ask the machine/AI an opinion of the possible outcome.
If someone managed to get an AI which offered over 80% of accuracy within sportbetting it could be translated to the end of the industry as we know it.

livingfree

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That is because AIs can tell things that "might" happen based on the data that it gathers but it cannot accurately say what's actually will be the result.

For this, you ask an AI about the future price of Bitcoin and it's going to decline any prediction. And the same goes for betting, it's a future result that don't have accurate details on it.

So, if you guys are smart enough, these AIs are also smart to say that they can't predict 100% with sports betting results.

harapan

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Except the AI ca see the future it's of no use. Or maybe it's "the entity" (the AI in Mission Impossible: Dead Reckoning) lol.
I've never used AI to predict games, but the AI will only predict games based on data it has been given and those data are also accessible to me. It is with those same data I predict my own games, so there's no difference.
It's easier to predict fewer games compared to many games and that's the same thng the AI did.
I can predict the outcome of 3 games and 80% of the time I'll be right but the chances of me getting the prediction of all 30 games correct is way lower.

Also, AI predicts games without emotion, which could be a good thing, but it can also be a disadvantage.
Let's take for example a derby match. AI will predict based on the team that is in a better form obviously, but that's not always tge case. Derby matches or rival are very different. A match between Real Madrid and Barcelona can go either way regardless of who is in a better form

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