AI is now everywhere – and it is certainly a technology that bookmakers and casinos such as Verde Casino , as well as many others, are keeping a close eye on, because with AI you can predict more accurate odds both in connection with casino games and in the world of sports.
Are you curious to know what role AI can play in YOUR sports betting? Then you have come to the right place! Here you can see the most important areas where AI can join the game (so to speak).
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Injury Prediction
Some believe that AI will be suitable for predicting injuries and perhaps also for preventing them. Of course, this is great news for athletes and sports clubs, who can thus prevent and reduce injuries among professional athletes. But it will also be a technology that can assess the risk of a player getting injured and thus factor this into the odds of a match.
For example, if an AI assesses that there is a high risk of a star player getting injured in a match, this could affect even the simplest odds, such as ‘match winner’, but of course also goalscorer, injuries etc. What will be interesting is whether bookmakers are required to disclose this or whether it will simply be built into the bookmaker’s odds.
Faster odds adjustments
Thanks to AI, casinos and bookmakers will be able to calculate their odds in record time – even faster than today, which could help make live betting much more realistic. Many players may not be aware of this, but even if a bookmaker can change their odds in a flash, there is often a ‘cooling off period’ that can affect the player. For example, if the odds change significantly, a player may run the risk that his or her bets will not be registered in time and therefore will not be credited.
With the help of artificial intelligence, this whole process can be significantly accelerated, as the systems behind the bookmaker can exchange data at lightning speed, making it easier for players to register their bets in a timely manner. But this can be a big advantage not only in live betting.
When it comes to casino games – be it live casino, table games or slots, artificial intelligence will also be able to calculate the odds much faster, thus making it easier for games to actually get closer to the stated RTP. A game based on RNG has certain limitations in the algorithm, so the RTP is usually calculated based on a few million spins.
With artificial intelligence, it will be much easier to make these calculations, thus creating a greater correlation between the stated RTP and what the player experiences on the user side.
Can the House Edge End?
It probably won’t come as a shock to most people that artificial intelligence can be used to a great extent for mathematical calculations and to instantly calculate huge data sets. However, most of the talk is about what casinos and bookmakers can use this information for, but fewer people actually explore what PLAYERS can use it for.
Among the benefits of artificial intelligence in the gaming industry are:
- Faster odds adjustments in dynamic sporting events such as football and tennis;
- Improved RTP accuracy in live casino games such as blackjack and roulette;
- Optimized results in online slots and virtual slot machines;
- Realistic simulation in poker and other card games;
- Accurate odds calculations in eSports and virtual sports competitions.
With AI, players can feed the algorithm with real-time updates of the game – whether it’s a football match or a game of blackjack. The algorithm can then accurately predict which statistical move or bet will be the best. This can help reduce the casino’s advantage, as players now have access to true statistical power.
This is mainly because a lot of gambling these days takes place online, where casinos can’t check whether you’re using special types of software or sitting at the table with a calculator. The question is how casinos are going to react to this.
In brick-and-mortar casinos, there are often security guards who monitor player behavior and identify players who win suspiciously large amounts of money or win suspiciously often. This may also be a tool that casinos will have to implement much more – and the question is how much of an inconvenience it will be for regular, law-abiding players.
Legal Issues
There are currently serious legal issues when it comes to artificial intelligence – and of course this is not made any easier by the fact that we are a globalised and close-knit society that can relatively easily access online services that may be illegal in our own country.
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