..

Gambling Aussies Losing $24b Per Year, F*** Artificial Intelligence and Poker

Written by:
Guest
Published on:
Dec/04/2017

Australian gambling losses hit an all-time high in 2017 after punters burned through nearly $24 billion in a year, mostly going towards poker machines.  The new government statistics demonstrate an increase of losses by 4.2 per cent nationally, roughly double the rate of inflation to reach $12 billion in 2015-16, while sports betting remained the fastest-growing form of gambling.  Source: Sydney Morning Herald

Artificial Intelligence No Need for Poker Community to Worry  -

TechCentral is claiming this week that Artificial Intelligence (AI for short) is no game-changer despite the fact that an AI has crippled top poker players in recent challenges.

From TechCentral.com:

Researchers are not much closer than they were decades ago to the big goal: actually replicating human intelligence. That’s the most surprising revelation by a team of eminent scholars who just released the first in what is meant to be a series of annual reports on the state of AI.

The report is a great opportunity to finally recognise that the current methods we now know as AI and deep learning do not qualify as “intelligent”. They are based on the “brute force” of computers and limited by the quantity and quality of available training data. Many experts agree.

Just last month poker pro Daniel Negreanu was signaling the end of the world with the AIs out to destroy humans

The AI systems are such one-trick ponies because they’re designed to be trained on specific, diverse, huge data sets. It could be argued that they still exist within philosopher John Searle’s “Chinese Room”, TechCentral notes.

Examples include near 100% accuracy in image recognition and near accuracy in parsing the structure of sentences.

- Ace King, Gambling911.com

Gambling News

NHL Response to Betting Claims: Hard to Find the Proper Moral High Ground to Occupy

One thing seems clear by glancing at social media surrounding San Jose Sharks forward Evander Kane. He has some issues, and his wife says betting on his own team is one of them.  But with the NHL all in on sports betting, their reaction makes the whole situation awkward.

Bradley Beal Next Team Odds If Traded

Bradley Beal Next Team Odds If Traded

The Celtics do have an opportunity to land Beal with payout odds of $500 for every $100 bet, but the hapless Knicks remain favorites.

What is the Worst Online Horse Racing Affiliate Program?

What is the Worst Online Horse Racing Affiliate Program?

As big as they are and the type of presence during major horse races such as the Kentucky Derby, noted horse racing expert Michael Dempsey slammed TwinSpires for what he claims is "the absolute worst (affiliate program) I have ever dealt with".

Odds Suggest History Will Be Made in Boston Mayoral Election

Odds Suggest History Will Be Made in Boston Mayoral Election

Boston's six-candidate field for September's primary is diverse, with all but one being people of color and all but two being women. If a woman is elected, as the odds suggest, it will be the first time in history Boston elects a woman mayor.

824 Arrests in Euro 2020 Gambling Bust

824 Arrests in Euro 2020 Gambling Bust

Hong Kong police on Monday arrested 824 and seized records detailing HK$3.6 billion worth of bets tied to an illegal sports gambling ring.

Syndicate