The arrival of Artificial Intelligence into our lives has changed the way we perform many everyday activities.
AI has revolutionised the way simple procedures are carried out and is providing an efficiency never seen before.
From payment methods to data analysis, and creating predictive models, AI contributes an automation that also proves faster than human input.
However, the implementation of AI is only in its relative infancy and luckily for mankind, there is still a requirement for human intervention, as seen during the recent worldwide CrowdStrike outage across Microsoft devices. With manual effort still needed to keep the world turning, there is the potential for humans to work alongside AI to create the most optimised performance possible. However, there is no doubting the influence AI already has in our everyday lives and AI’s rapid contributions are allowing many industries to thrive.
Online Sports Betting: Faster and More Comprehensive
One example of the effectiveness of AI is seen in the growing online sports betting industry, in particular in the forecasting of odds and outcomes. Ever since the creation of the odds system by the world’s first bookmaker, Harry Ogden, sports enthusiasts have been using odds to identify the favourites, underdogs, and potential outcomes of an event.
The original odds model involved Ogden sizing up horses and attributing each with a chance of winning. Since the late 1700’s, the creation of odds has progressed significantly and nowadays, teams of people are employed at sports events around the world to cast their eye on the proceedings and report back to odds headquarters to give them an indication of what to offer the millions of punters scouring the betting markets.
However, in recent years, that process has undergone significant change due to the impact of AI. With the ability to rapidly analyse large sets of data, AI can produce predictive models based on past patterns. In a sporting context, this could relate to a football team’s recent form, a head-to-head history between two tennis players, or the strengths of an American Football team based on team selection or injuries.
Beyond these basic factors though, there are hundreds and thousands of scenarios that can happen in a sports event that can alter the outcome. This is where AI has the edge compared to human contributions. The speed at which AI can assess past and present patterns and produce predictions based on them is a skill unmatchable by human ability. For online sports betting companies, this efficiency is invaluable in creating odds for popular offerings such as the live betting markets that are becoming more comprehensive in the scenarios they cover.
The Value of an Expert
Despite the sheer efficiency and rapid work AI can achieve, there is still an argument for having human beings at live events for scouting purposes. An expert with years of experience watching a sport can outperform AI in spotting the nuances within a sporting event. This could be a tweak in a tennis player’s technique, the restlessness of a horse before a race, the setup of a Formula One car, or the body language of a footballer.
By reporting back on these potentially outcome-defining subtleties, online sports betting operators and the predictions and tips produced, like many of those found at 1bet tips, can be tailored in even greater detail to reflect patterns in a sporting event that might not be noticed or calculated by AI.
Working hand in hand with AI
The impact of AI is unquestionably ground-breaking and beneficial for the world we live in. Industries and businesses are able to run mundane and often arduous tasks more efficiently, allowing them to focus more attention on other areas and departments. The example of sports betting however, demonstrates the need to combine the efforts of humans and AI to form the most rounded operation. It remains to be seen what AI can learn and execute in the future, but for now, the technology is making the world a more streamlined place.
