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System That Predicts Gamblers Bets
Artificial intelligence works in part to replicate the human mind, and scientists need to know how humans make their next moves, reports Scientific American this week. The article goes on to report that scientists have created a system that can predict the bets of gamblers, with an accuracy "bordering on spooky."
The research to which Scientific American refers was published July 11th this year by Victor K.Y. Chan in the Journal of Gambling Studies. Chan is a researcher at the Macau Polytechnic Institute, which funded his research.
Chan's team used data from a total of 675 online games from six Texas Hold 'em gamblers to build a mathematically simulated neural network based on the players’ initial few plays to establish that the network learned and rewired itself based on guesses that either turn out to be right or wrong. This method of AI is called propagation of error.
The researchers found that their neural model could predict each of the six gamblers' bet amounts with an accuracy to three decimal places of the dollar, and could also predict with similar accuracy their cumulative wins/losses.
The conclusion was that, based on their first few games, the gamblers' subsequent behavior, strategy and ultimately their wins and losses, was consistently predictable.
Chans findings no doubt add to the body of knowledge accumulated by AI poker studies at Canadian universities. The full and very detailed scientific paper on the Macau achievement can be read here:
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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