How artificial intelligence changes the online casino landscape
AI and online casinos – a perfect combination?
Artificial intelligence, also known as AI, is becoming increasingly integrated into our daily activities. But this new form of technology is also entering the business world, with online casinos and gambling being a significant benefactor. The online casino industry is enormous: it generates billions of dollars annually. But to stay ahead, it needs to keep investing in technology like AI. And it does. Some casinos are already looking at (and testing) how they can implement AI into their various strategies to enhance a player’s experience and bottom line.
Evermore powerful computers
Artificial intelligence can already play chess or poker, but it requires tremendous computing power. However, there have been some significant advances in this area. For example, in 2017, the Brains vs. Artificial Intelligence: Upping the Ante challenge was awarded to some of the best poker players in the world. They had to compete against Libratus, an AI with over 120,000 hands, to see who would come out on top. Although the money won was not real, it showed how intelligent the AI was. Tuomas Sandholm, one of the developers at Libratus, said, “AI’s ability to strategically reason with imperfect information has now surpassed that of the best humans.”
Generally speaking; however, poker in a casino is not played against a computer. Nevertheless, it shows how casinos can use AI and machine learning to analyze behavior and use mathematics to create a house edge for a casino. However, this technology is not limited to just poker. It can be applied to sports betting, for example, to change the way games are gambled on forever.
Preventing cheating
Finding a reliable casino is a must for every gambler. Therefore, reading casino reviews is necessary to find out where you can gamble safely. Because while players often cheat when it comes to gambling, some casinos do too. Players traditionally cheat in eSports by using a bot to mimic the actions of a human player. The gambling industry has had to adapt to disallow this type of cheating, but players can also use the technology to win money from an online casino.
Playing at an online casino has many advantages that you cannot create at a real casino. For example, you can easily read graphs or use a calculator at home, but you will be fined if you try to use these techniques in a real casino. This has led some people in the online casino industry to worry. As machines become more imaginative, they may eventually appear human enough to circumvent the casino’s online security, play perfectly against the house, and win huge sums of money. Casinos will have to respond to this by improving their own Artificial Intelligence.
Preventing gambling addiction
Gambling addiction can be disastrous for a person’s life. And while online casinos are a business that strives to make as much money as possible, casinos will start using AI for a much bigger purpose: gambling addiction. A significant gambling organization recently asked their community how they think AI can be used to detect early signs of problem gambling. They are working with BetBuddy, a gambling analytics company, and the City University of London to develop the Player Safety Early Detection System (PS-EDS).
This technology will determine how long players spend in an online casino, how much money they deposit into their accounts when they deposit, the games, and the stakes they play. PS-EDS then analyses the data to detect bad habits before a player develops a gambling problem. After all, gambling can be fun and provide plenty of entertainment, but it can also sometimes go very wrong. According to the makers of this technology, 80% of players change their behavior thanks to PS-EDS.