Gambling bots / Betting bots are software which use a gambling website's Application programming interface (API) to speed up the process of placing bets based upon a gambling system or betting strategy to decide which bets to place.[1] It can also refer to the use of AI more broadly to assist with betting.
Betting bots are relatively new to the gambling space, and their proliferation has only accelerated since the launch of OpenAI's ChatGPT in November 2023. AI and betting has only come to prominence in the gambling space in early-2024[2] where perspectives on gambling & AI from Forbes[3] & the BBC[4] have expressed opinions on how gambling companies leverage AI to keep bettors on their platforms. However, as of early-2024, the use of betting bots is less prominent in the traditional media.
Betting bots can be used for multiple purposes and have a wide variety of benefits to bettors including:
Placing trades quickly and exploiting arbitrage & matched betting opportunities
Helping beginners understand betting odds
Analysing data patterns from previous sports events for statistical betting
Gambling bots are disliked by many professional gamblers, as a human player obviously cannot compete, as a bot is directly linked to the site and processes odds faster than any human player. In addition, bots never get nervous or suffer from misgivings about their bets and thus achieve results efficiently and in short periods of time. On the down side, these applications could very well lose very quickly if set up incorrectly or minor mistakes are made in coding. In the beginning, humans were better at the nuances, such as bluffing, and could easily beat the bots. However, in recent years, advancement in artificial intelligence has been significant enough to oppose human game.[5]
^Steveson, Gary (17 April 2014). "Recent Developments in Online Gambling". CP. Archived from the original on 19 April 2014. Retrieved 18 April 2014.
^Warwick, James (7 March 2024). "How AI is Changing the World of Betting". FreeBet.ai. Retrieved 10 March 2024.
^Sahota, Neil. "The Game Changer: How AI Is Transforming The World Of Sports Gambling". Forbes. Retrieved 2024-03-10.
^"Concern as the gambling industry embraces AI". BBC News. 2024-03-05. Retrieved 2024-03-10.
^Dance, Gabriel (13 March 2011). "Poker Bots Invade Online Gambling". The New York Times. Retrieved 18 April 2014.
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