Artificial intelligence has long been the stuff of sci-fi
movies and fiction, but in the last decade, there have been vast improvements
in artificial intelligence, making it an important aspect of the world. Whether
you like it or not, artificial intelligence, or AI as they call it, is here to
stay, and it will affect many parts of people's lives. One major industry in
that AI
is already making huge waves is in the recently legalized sports betting
landscape. Artificial intelligence will drastically change sports betting,
especially in areas like live betting.
Artificial intelligence is all over the news right now with
the release of ChatGPT, a new AI
software that helps people write poetry, essays, and many other things.
Although this is not the first AI software out there, it is one of the first to
be free and open to the public for all to use, drawing buzz across social media
for its incredible ability.
How Will AI Affect the Live Sports Betting Landscape
Now you may be wondering how technology that writes dialogue
for people shake up the sports betting industry. Artificial intelligence is
used for so much more than producing dialogue, like personalized assistants,
self-driving cars, security, and, lastly, sports betting. AI technology is
incredibly useful for learning and predicting future events at breakneck
speeds. The one area that this will majorly change the sports betting industry
is live betting, where odds change extremely fast. Sportsbooks already have comprehensive
models to set accurate lines and odds to maximize their house edge. For live
betting, they often have to wait until stoppages in play for odds to change
because of the speed of play. Sportsbooks can now employ artificial
intelligence's immense predictive and learning powers to have the odds update
in virtually real-time. While this may be great for the sportsbook, some
customers will not like this because many gamblers view live betting as a way
to beat the house edge.
What Ohio Sportsbooks Will Use AI?
While there is no official list of sportsbooks that are
looking to employ AI at their online casino, it is almost certain that many of the major Ohio sport betting apps will utilize it one way or another. Many
sportsbooks use third parties for their odds who are surely looking at AI to
increase the accuracy of the odds. Sportsbooks look for every way they can to
increase their house edge, and AI will be another way for them to do that.
Other Ways Sportsbooks Will Use Artificial Intelligence
Artificial Intelligence is poised to shake up the sports betting industry in more aspects than just the live betting. Let's take a look at what other aspects of the artificial intelligence business will change the industry.
Personalization
Artificial intelligence is extremely smart, as the name
suggests, and it is also really good at collecting data. A sportsbook can use
these aspects of AI to offer customers more in-depth personalization. For
example, AI can learn what a gambler likes to bet on and create odds and bets
specific to that person's wants. Customers can also be offered personalized
offers based on their tendencies.
Data Security
Sportsbooks deal with your very personal information, such
as banking information and address, and people want to know their private
information is secure. Sportsbooks already take advanced measures to ensure
your safety, but artificial intelligence will take this security to another
level.
No matter whether you think artificial intelligence is a good or bad thing, there is no doubt that it is changing many
aspects of the world, including the sports betting industry. Whether you like
it or not, AI in sports betting is here to stay.
