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Tag: AI
AI for Sports Betting: Can ChatGPT Help Gamblers?
- March 23, 2023
- 3 min
The marvelous world of AI is finally available to the masses. Over the last couple of months, we’ve seen a plethora of complex AI systems showing off their impressive sets of skills.
Complex language models, text-to-image generators, text-to-voice generators, and the new Bing that harnesses the power of ChatGPT to provide users with more relevant queries.
Even though AI tech is still in a very early stage, the future seems promising. While digital artists and journalists won’t lose their jobs overnight, we’re bound to see tectonic changes once the first truly impeccable commercial systems roll out.
What about sports betting AI systems? Is there something that can help bettors maximize their profits? Well, OpenAI’s ChatGPT platform seems like the likeliest candidate. That said, let’s see what it’s all about and how it can help bettors get the most out of their online betting sessions!
What is ChatGPT?
In short, ChatGPT is a language model developed by OpenAI. The current version of the AI system is based on the GPT-4 architecture that’s designed to interact and simulate conversations with human queries.
ChatGPT uses advanced machine learning systems and algorithms and was trained on a massive amount of textual data that helps it sound natural and generate factually correct responses.
There are several other language models out there, but we’re focusing solely on ChatGPT here. When talking about ChatGPT, it’s worth mentioning that there are two versions available right now:
- Standard ChatGPT
- New AI-Powered Bing Search
You can also subscribe to the ChatGPT Plus service which provides early access to new features and additional benefits.
How Can ChatGPT Help Gamblers?
When it comes to ChatGPT gambling help, there are a few things this AI system can help gamblers with. They are as follows:
Provide Valuable Strategic Information
One of the best things you can use ChatGPT for is to develop the strategic elements of your sports betting knowledge. If you’re a casual bettor, then feel free to skip this.
But, if you’re serious about using ChatGPT for gambling and/or betting purposes, you should definitely use it to explore the most common sports betting strategies.
Sure, Google could help you out too. However, this sort of non-time-sensitive information is what ChatGPT was made for. It will provide all relevant information in one place, as concisely as possible. A process that would take half an hour of Google searches shouldn’t take longer than four or five queries on ChatGPT.
Sort Stats into a Table
You can use advanced ChatGPT queries to feed data to it and use it to convert the data (stats) into an easy-to-read table. You can also use it for sorting a bunch of data according to desired filters. When it comes to data organization, ChatGPT brings endless possibilities to the table.
Calculate Probabilities and Solve Other Mathematical Queries
The same goes for calculating probabilities and solving complex mathematical functions. ChatGPT is well-versed in math and, as long as you set the instructions clearly and concisely, it should provide the correct result.
But, be cautious and make sure you double-check if the provided numbers are indeed correct. ChatGPT might have a massive knowledge about the world we live in, but its logic often underperforms, so it often requires additional instructions for even slightly more complex tasks.
Provide Helpful Tips and Tricks for Beginners
This is perhaps the most helpful way ChatGPT can help online bettors. Now more than ever before, we’re seeing a huge influx of beginners… and one thing is certain – ChatGPT can help them out a ton.
People who are just starting out will greatly benefit from simple sports betting AI queries like:
- What does value represent in sports betting?
- What are the most common mistakes people do when betting on sports online?
- What are the most popular online prop bets?
When it comes to general AKA surface-level sports betting information, ChatGPT is awesome! It will provide you with concise answers that will serve you much better than Google’s top search results.
However, if you’re looking for specific mathematical calculations or you’re interested in up-to-date news about certain sports teams or tournaments, we’re afraid ChatGPT won’t be of much help. Unfortunately, sports betting AI still has a long way to go to be useful for everyone!
ChatGPT Betting Restrictions
However, ChatGPT is not almighty. While it can provide gamblers with helpful and constructive information, it can’t do all the work for them. There are certain restrictions in the system that prevent it from being a viable sports betting AI tool. Here’s what we’re referring to:
ChatGPT Won’t Give Concrete Betting Help
ChatGPT will almost always warn you about the dangers of betting (be it online or at physical casino locations) after receiving gambling-related queries. Sometimes, depending on what exactly your query is, it will refuse to give you a proper answer because of the platform’s restrictions.
But, some of these restrictions can be bypassed with more complex search queries. For instance, if you ask ChatGPT to act as a professional gambler and inform him that you’re only looking for theoretical knowledge, it will most likely comply with your request and provide you with a proper answer.
ChatGPT Platform Can’t Feed from the Internet
Unfortunately, even the newest version of ChatGPT does not have access to the vast seas of the world wide web. It only has access to information that was available before September 2021. In other words, September 2021 is its cutoff date. ChatGPT doesn’t not about things that happened after September 2021.
That said, you won’t be able to use it for research on time-sensitive information like recent results, rosters, injuries, transfers, stats, and so on. In fact, when you ask something specific about an event in 2022, it will tell you that it can’t foresee the future… because for ChatGPT, everything past September 2021 hasn’t even happened yet.
But, while ChatGPT can’t access data from the internet, the new AI-powered Bing search can. Unfortunately, though, it has some issues of its own. More on that coming right up.
New Bing Search is Known for Providing Users with Incorrect Data
The all-new Bing search still has miles to catch up to Google. Even though the first signs of ChatGPT implementation were met with positive criticism, it didn’t take too long for users to notice glaring mistakes.
When asked specific questions based on recent events, the new Bing search wasn’t able to generate 100% accurate responses. It searches the web for the most up-to-date information but, what can happen from time to time, fails to use proper logic when using them to generate a factually correct response.
So, long story short, if you’re asking for up-to-date information on rosters, injuries, and similar time-sensitive information, Bing’s new AI-powered search won’t be able to help you out.
What’s worse, it might even give you incorrect information if it checks for data on outdated blogs. For time-sensitive stuff, you should use good old Google. After all, Google is still the undisputed search results champ!
ChatGPT Isn’t Exactly Perfect with Numbers
While ChatGPT can help you with calculating complex mathematical problems and solving queries regarding probability, RTP, and whatnot, you should take everything it says with a grain of salt. Or, better yet, ask if it’s sure that the calculations are right.
There’s a chance it will rerun the query and find an alternative logic in your question that’ll point it to the correct answer.
In other words, the ChatGPT platform isn’t exactly 100% accurate with its math. While it can be of great help with certain mathematical functions, it shouldn’t be blindly trusted. Double-check everything it provides you with, that’s the only way you’ll be sure its calculations are correct.
Should You Use ChatGPT as a Sports Betting AI Helper?
Well, it all depends on what exactly you want it to do. As mentioned earlier, ChatGPT can deliver great information about strategic elements of online gambling.
It can calculate probabilities, inform you about different types of bonuses, and point you in the right direction as far as what to do and what not to do when gambling online.
But, once again, take everything it says with a pinch of salt. If possible, run the calculations on your own to see whether or not it made a mistake.
In short, the world of AI is still in its early stages. Now that it’s available for the masses, we’re finally going to experience it in action. From what we’ve seen thus far, the potential is certainly there.
But, knowing the current restrictions and the platform’s limitations, we doubt it will develop into a complex sports betting AI predictor.
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Can OpenAI ChatGPT be useful for casino players?
- January 26, 2023
- 4 min
Today, we’re here to discuss the capabilities and potential use cases of ChatGPT, a brand-new AI system that generates natural language on user interaction.
It’s able to answer questions, write essays, create code from scratch, and help you with all sorts of issues you might stumble upon.
Since we’re all about gambling here, it’s only appropriate to check out what exactly can this advanced AI system do for casino players. Can it provide valuable answers or is it just another tech gimmick?
Let’s find out!
What is ChatGPT?
Created and developed by OpenAI, ChatGPT (or Chat Generative Pre-Trained Transformer) is a chatbot built on years and years of artificial intelligence research. In layman’s terms, we’re looking at a chatbot that generates textual output that’s so realistic an unknowing eye wouldn’t even know there’s no human on the other end.
What is ChatGPT Used for?
At the moment, people are using it for all sorts of things. According to the news, ChatGPT is mostly used by students for writing essays and cheating on exams.
But, ChatGPT’s possibilities are almost endless. It can give answers to complex questions, summarize topics, write code, generate song lyrics, and even create tables and outlines, and write massive essays.
With the right set of instructions, ChatGPT turns into an information-providing masterpiece. But, is there a catch? Well, it is but a small one!
What ChatGPT Can’t Help You With
The current version of ChatGPT has a solid portion of the world’s knowledge… up to 2021. Yes, there’s the catch. The current language model has been fed with data up to 2021.
From our experience, ChatGPT struggles with most things that happened after the end of 2020. That said, ChatGPT won’t be able to help you with anything that requires up-to-date information.
Another thing worth mentioning is the fact that ChatGPT makes mistakes. Even if the answer sounds legit, in case you’re working on something important, it’s always best to double-check on another legitimate source.
Five Ways ChatGPT Can Be Useful for Casino Players
Now that you understand the basics, let’s see just how ChatGPT can help casino players improve their skills and profit potential!
Providing Information on Gambling Strategies
First things first – gambling strategy! We know just how much importance a good strategy brings forth, especially for beginners who are not yet versed in online gambling ways.
But, finding valuable information about online strategies online can be a cumbersome task. It’s not for the lack of content, mind you, it’s because there’s so much content on this topic which makes it impossible to distinguish the good from the bad.
Worry not, as ChatGPT can help casino players with strategic issues. Here’s the answer we got after asking What are the best online gambling strategies for beginners?
As you can see, the AI came back with six useful tips that can help both beginners and experienced gamblers. Of course, our query resulted in surface-level answers. For more details, you’ll either have to alter the initial query or follow up with elaboration requests for each given tip.
For this instance, if you’d like to know more about how to set a budget, your next query should be Please elaborate on point #1.
Providing Useful Information on Gambling Games and their Odds
ChatGPT can help casino players with all sorts of problems. Beginners often struggle with understanding win probability and odds. There are several types of odds available (decimal, fractional, and American) and beginners tend to have a tough time differentiating and converting them.
Until now, the best way of tackling this is to hop onto an online odds converter and fill in the data. Now, with ChatGPT, simply ask what you want to know and the system will do its magic and come back with a comprehensive response.
Not only will it give you conversions between different odds types, but will also give you elaborations and even show you formulas so you can do the calculations on your own.
Here’s what we got for asking how to convert American to decimal odds:
But, as you’re likely to find out on your own, ChatGPT isn’t exactly good with calculating odds, converting different types of odds, and calculating win probability.
The AI is typically good with numbers, but there’s just something that messes up the system and makes it create incorrect calculations. That said, take everything it writes with a pinch of salt.
As for this particular example, the calculations were correct. But, if you require 100% accurate results, it’s best to double-check them before you make a mistake.
Answering Questions Regarding Games’ Mechanics
Should you come across any issues with casino game mechanics or rules, ChatGPT is a no-brainer. Simply ask what you’re interested in and ChatGPT will give you a detailed answer in a couple of seconds.
Long gone are the days of having to Google your issue and manually search through the top-ranking results to find a valuable answer. With ChatGPT, the answer will be available with 1 query and a single click.
As mentioned earlier, ChatGPT is not always 100% accurate with its math. If you’re looking for specific details on RTP percentages or odds/probability, it might not give you the correct numbers. For that sort of stuff, it’s better to look for information on forums or guides tailored for that specific game.
Here’s an example of a query looking for info regarding the La Partage rule in French Roulette:
There’s not much to be said about this reply, really. It’s concise, informative, and gets right to the topic with no fluff. It’s the perfect answer for anyone who’s interested in getting the most out of his/her French Roulette gameplay.
The AI even lets you know that not all online casinos offer European and French Roulette variations. That’s correct – some casinos only offer American Roulette because it features the biggest house edge.
Providing Bankroll Management Guidelines
Bankroll management is an essential part of online gambling. Whether you’re in it for casino stuff or sports betting, the premise is the same. You have to constantly keep tabs on your betting bankroll, and come up with a strategy that’ll help you maximize your gambling time and minimize the losses.
Can ChatGPT help gamblers with bankroll management? Indeed, it can!
We’ve asked the AI to answer “How to properly manage my bankroll when gambling online?” and this is the reply it generated:
The AI system emphasized seven key points for proper bankroll management. They’re not that different from the content provided by top-ranking Google search results. But, for what it’s worth, ChatGPT has them all in one place and can give you further details, should you want them.
All things considered, ChatGPT really can provide useful guidelines regarding proper bankroll management. If you want more details, you can always ask the AI to further elaborate on any of the points it included in the original response.
To do so, you don’t even have to ask a specific question. Simply query something like Please elaborate on point 4, and it will do its magic. No need to write extensive queries after asking the initial question. That is the power of AI!
Offer Support and Resources to Combat Gambling Addiction
Last but not least, ChatGPT can help people deal with gambling addiction. This is a real issue, don’t think it’s silly just because you can’t see it happening to you. Gambling is an entertaining hobby, but things can quickly go down south and you’ll end up in a sticky situation.
Luckily, there are lots of resources online. Plus, Chat GPT has several ways of helping gamblers who are experiencing issues with gambling addiction. First, it will emphasize the fact that you’re dealing with a serious condition and how seeking help is the first step toward recovery.
Additionally, it will point you toward the best treatment methods like therapy, support groups, and medication.
If you want a closer look at how ChatGPT helps gamblers who are suffering from gambling addiction, here’s what it generated for our query: I think I am addicted to gambling. Can you help me deal with this issue?
In the future, once the ChatGPT 4 update rolls out, we’re likely going to get even more specific details about this. Perhaps, after the update, the language model will be able to provide direct links to help people struggling with gambling addiction.
But, take that with a pinch of salt because these are mere speculations at this point. I guess we’ll have to wait for the GPT 4 update to roll out.
Summary
ChatGPT is already an unbelievable artificial intelligence system. Once the GPT-4 language model upgrade rolls out, it might actually change the world as we know it. We are not exaggerating here. The rapid developments in AI tech over the last few years are both sensational and frightening.
The thing is, ChatGPT is just one AI system. All it does is produce natural language output on user interaction. However, there are far more AI systems out there, all focused on different things. Some produce textual language input, others generate images, gifs, voiceovers, and logos – the possibilities are endless.
ChatGPT is still free, though that’s likely to change in a few months’ time. We’ve already figured out that it can indeed be useful for casino players, so make sure you check it out while it’s still free.
