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Microsoft's Bing Predicts Picking Sports Winners
Friday October 9,2015 : SPORTS BETTING SUCCESS THROUGH "THE WISDOM OF THE CROWDS'.
Microsoft's Bing Predicts artificial intelligence shocks the bookies.
Artificial intelligence has been disturbing gambling consortiums in Las Vegas, the publication Extreme Tech claims, reporting that Microsoft’s AI engine, Bing Predicts, recently bested the Las Vegas odds in predicting winners for week one of the NFL season.
It wasn't a flash in the pan, either; the system correctly predicted the outcomes of all 15 games in the 2014 Brazil World Cup knockout round and almost all the results of the 2015 Academy Awards, including the winners of best picture, best director, best actor, and best actress.
Bing Predicts was able to pull off these impressive feats, besting professionals in the business, due in part to a "wisdom of the crowds" approach.
In predicting NFL winners, the system not only takes into account diverse variables such as a team’s previous margins of victory, player statistics, stadium surfaces, weather conditions, but is capable of quantifying aggregate sentiments on the social web.
Extreme Tech reports: "By tapping into social media and digesting the opinions of thousands, if not millions, of Twitter and Facebook users, the AI can pick up intangibles that defy even the most hardcore of human statisticians. For instance, the model might detect a rumor among Twitter users that the Patriots starting quarterback just had a fight with his wife in the wee hours before Sunday’s game and hence is less likely to be at the top of his form.
"While such rumors may prove to be unfounded, they have a core of truth enough of the time that they give the model a statistical advantage. In precise terms, Walter Sun, who heads up the Bing Predicts team, found that analyzing this so-called “wisdom of the crowd” actually increases the accuracy of their predictions by 5 percent."
Extreme Tech poses the question: can professional sports gambling, and for that matter other industries that involve a form of prediction and betting in the looser sense, survive in a world where a Silicon Valley corporation holds the highest card in the deck?
"Notable among these are the fields of insurance and commodities trading. If Microsoft or another one of the Silicon Valley behemoths that are developing cutting edge AI can leverage their advantage in the prediction business to outgun the industry leaders in some of these fields, they wouldn’t have to wait long to achieve supremacy in the market," the publication speculates.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
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