There is real cause to believe that integrating increased automation in online gambling is a moral issue. You have a dilemma that revolves around taking the joy out of betting, but also trying to maximize the financial upside that such a development would bring gamblers. It’s a situation that requires a level of objectivity that may be quite uncomfortable.
Long have the drums of betting created a field in which gamblers try to wrestle the edge from the hands of the house. Such an industry is, after all, a segment of entertainment, but the creativity of its solutions can be at odds with the realities that the bookmakers try to instill or conserve.
We will be using this article to explore one of these developments, one that rose via the direct connection to automation. As the name of this piece suggests, we will be talking about betting bots. A model that tries to take the BetOnValue arbitrage model by analyzing and leveraging betting prices for lush use, it has created a ruckus in the industry, and for good reason.
For a fair and objective analysis of this topic (especially given its controversial nature), we’ll address it as an introduction to betting bots, and then we’ll discuss their upsides and downsides. Since they can lead to odds exploitation and can lead to bookmakers deciding to freeze accounts, things can take sharp turns with highly significant consequences.
Betting Bots: The Latest Automation Marvel
Betting bots are one of the latest developments in a field that tries to take advantage in a powerful stride. This lockstep is something that has been even more emergent given the rise of popular-usage AI, not to mention the problem-solving that LLM solutions have been leveraging.
A betting bot can adopt various formats, but its purpose is quite universal: to automate betting on sports. Since the act of betting is about identifying betting opportunities, building slips/parlays, staking, and placing strategic wagers based on the market and its prices, these are all steps that a bot can do by itself in the name of a player via their account.
This is the crudest structure that you can encounter in a betting bot. It can have multiple engines that run it. For example, it can compute and place bets based on an automation model that does not use AI as we know it, but it still runs by itself when set up properly. The AI-powered model, which uses carefully trained machine learning processing and has a very algorithmic structure, is the newest rage, becoming more familiar thanks to the aforementioned rise of popular AI implementation.
The idea with betting bots is that they need to operate with careful data structuring, especially with AI. They have a steep learning curve that makes things quite challenging to implement from the jump, not to mention the fact that they require specialist-level inputs to make full use of their benefits.
Overall, betting bots are a development that, at face value, gives you demiurge-level control over an automated model. As promised, we will talk about the rest of the implications as we continue our quest to uncover whether these betting bots are worth the effort of setting them up.
The Case For Using Them: Efficiency and Volume
There is a crystal-clear level of upside for using betting bots, hence their increasing popularity and the desire of various gamblers to get them to work. We’ll make use of a list that explains why exactly there’s a tangible level of enthusiasm toward them:
● They can lead to a huge level of betting volume. The bets that they can place at an automatic rate can surpass a human rate that can find it relatively tedious. As such, they can save time by not having to pursue manual bet placements. This increases the volume, which also increases the likelihood of having successful bets by running pure probability calculations.
● They provide efficiency in the case of spotting market-savvy betting opportunities. Even in the era of automation and algorithms, phenomena like data bias or lack of human oversight can lead to mispriced odds. When there are sets of odds that are not in tune with the implied probability of an event, a betting bot can orient itself toward them and place some really savvy wagers.
● They can make use of their data analysis to understand sports events. Given that sports analytics has created an entire field of study that yields efficiency in sports performance, bettors, human or otherwise, are using these stats to understand overall value and potential. A betting bot can operate with the same data and, ultimately, calculate winning probabilities that it can overlay with the odds on the market for proper opportunity speculation.
● They can operate on complex bet calculation methodologies. Rather than having to calculate your fractional Kelly staking, a betting bot allows players to rely on their calculations in order to identify the best staking plan, leading to even more theoretical efficiency.
● Finally, proper betting bots provide adequate customizability. Since they place bets on your account via APIs and on your behalf, these betting bots allow you to customize the type of strategy, from the sports that should be found, to the odds parameters, and other types of criteria that speak to what you would truly do.
The Case Against Using Them: Ambiguity, Stigma, and Biases
Naturally, not everything is too rosy when using something like this. While we’ve certainly identified plenty of advantages that work in favor of this betting structure, you must understand that you are dealing with quite a controversial tool, and it can present the following issues:
● They are an ambiguous tool that may lead to regulatory intervention. Online casinos and sportsbooks are already very apprehensive about these betting bots, using their own countermeasures, such as carefully stating that the usage of such models is specifically prohibited. If there is an incremental rise in such software usage, regulating authorities may come in and ban its usage on a universal level. We shouldn’t underestimate the leverage and lobbying of big gambling operators.
● They may run on imperfect and/or expensive models. The tip-top level of betting bots is under paywalls that can prove costly. Moreover, there is no guaranteed return on your investment, especially if you have issues using the bot properly.
● Data bias and customization may be hard to understand and grasp as a player. There are plenty of cases when player are in over their heads with something that they over-rely on. Since data bias leads to bets placed on precedents and patterns, and operates erroneously based on aberrations, you may be in danger of falling victim to phenomena that you don’t understand. Moreover, relying on models that are not yet established can lead to imperfect results that can be frustrating.
● Betting bots can easily dehumanize this activity. There is quite a bit of cynicism in simply automating your bets. If you see sports betting as just a transactional activity that can generate some money, you may be missing the point. Identifying upside, watching the sport, loving the sport, sifting through stats, and relying on your mental processing is where the essence of entertainment lies. Naturally, you can always use these steps to check on how the bot is doing, but it still creates redundancy from a certain standpoint.
● Automatic betting can lead to problem betting if you don’t realize the effect of your money movement. Letting the bot do its thing and bet automatically rather than having a sense of expenses, loss, and the overall financial impact of your gambling can lead to you being insensitive to your own problems with gambling.
Conclusion: Speculating on Future Developments
If betting bots continue to rise in popularity, authorities will take note, point-blank. This is where the model may be the subject of stringent regulations, especially under the influence of sports betting operators that feel like their business structure is under significant duress.
There’s also the reality in which betting bots survive the wrath of the market and continue to permeate into how gamblers think of their system and activities. In this case, there must be an updated effort to promote responsible gambling. On this front, we’d like to remind you to gamble responsibly, regardless of whether you bet manually or automatically!
