Artificial intelligence in iGaming & Betting industry
By: Football Score Chat
Tags: Artificial Intelligence, Football, Apps, Betting Tips, Sports Betting

Why is this important?

Hi,

My name is Aleksandar Aleksandrov and I am the founder of Football Chat AI. It’s a mobile app for predicting football scores using machine learning.

I am the sole developer of the scores betting predicting algorithm and have overseen the full project growth and acquisition of new users.

My work consists mostly analyzing the history data and see how that impacts the future prediction of a game score. To do this I use charting, drawing learning curves or sometimes simple just trying and measuring how things are.

Couple of weeks ago I attended a panel discussion in Sofia about how much AI will impact on gaming technology, and what can we possibly do using AI. Here is what I have managed to record on this panel discussion and what I wanted to share with you:

Why is artificial intelligence important for iGaming?

AI is very important for iGaming. Any industry where you have lots of history data that is relevant to a future outcome and can be used to predict the future outcome using Machine Learning and AI.

We are currently already seeing lots of startups and companies that are working hard to give the betting companies this tools at their disposal. Using this tools they can give better odds in their favor and earn more money. On the other hand there are none that give this information to the users. That is why we have created Football Chat AI, the first app that will give the users the prediction power at their disposal, which is now free for a limited time only and can be downloaded from:

Play Store: FootballchatAI

App Store: FootballchatAI

The Artificial Intelligence will have an impact on the risk management systems? it will be positive or negative?

It will be different. I can’t say will it be positive or negative, but I am certain things will change. AI is something that is coming and the early adopters will reap the most benefits. So at first I think we will see a trend of improved risk management systems which would bring even more stable systems and more money to the betting shops.

But after that people will start using their own AI systems which in the end will come down to a place of balance, something similar to what we have now.

Artificial Intelligence would attract more players?

Definitively. Imagine a sport betting app that tells the betting users:

“Our AI thinks that this team might play a poor game today based on rainy weather, place your bet now and reap the benefits.”

That will surely drive more bets. On the other hand a lot of people currently are not betting because they think they have to be football experts to bet. But if they have an AI friend who suggests what to bet on that would certainly help them. In the end the bet will still be theirs but they will have a lot more info on what to bet on.

Can an Artificial Intelligence improve the betting chances of a user?

Yes it can. The interesting thing about the Ai is that it can get a user to really close to making a winning bet even if he doesn’t know anything about that league. Like past games, shots on target, and so on. We have found that using the AI a user can almost always get to a point where he can win the bet or get really close and lose by only one game. That kind of quality is something that would make the users play even more and eventually win.

Artificial Intelligence in gambling will be accepted on the future?

I think it will become standard in 5 years from now. But it will not be in the form we all imagine it. It will mostly be as it is now, a lot of little Machine Learning tools are showing all over the industry. Currently there are lots of companies and they are investing and improving the Risk Management, Betting Odds.

In 5 years from now I believe we will have a gambling chat assistant friend who will suggest what to bet on, similar to Siri. This is something we have envisioned for Football Chat AI as well. Right now we give predictions on who will be the winner of a particular game, and make a user selection of the games. But soon the AI will pick the full ticket for the users.

Prior to Football Chat, I have worked for several companies on developing their web and mobile solutions. My specialities are in mobile development using Ionic and Cordova. Before that I was the founder of ilovethismusic.com a website for searching music based on keywords.

I hold a Bachelor's degree on Internet and Mobile technologies from Univerzitet ‘Sv. Kiril i Metodij’ from Skopje.