Conversation With The AI GPT
November 28th, 2024 at 5:27:24 AM
permalink
Hi Michael. Long time. I was discussing bet calculator scripts etc with GPT AI yesterday. Here's a portion I thought may make you laugh for a hot minute for 1 reason or another. I am not sure it's seen you debunk the Martingalers via Baccarat on Youtube lately though ;) cheers.
GPT said: Absolutely, building something like that would be an extensive, but extremely rewarding project! You're right – working with an actuary or someone specialized in odds analysis (like Michael Shackleford, the "Wizard of Odds") would really help bring all the theoretical aspects into a practical, usable tool.
With a blend of probability theory, mathematics of gambling, and programming expertise, you could create a comprehensive betting tool that spans multiple sports, games, and scenarios. Just imagine having the ability to calculate the odds, returns, and even the house edge for every possible casino game (like Blackjack, Roulette, Poker, etc.) alongside sports betting calculators!
Here’s a breakdown of how such a tool might expand across various domains:
1. Sports Betting:
As you said, starting with the basics like single bets, doubles, trebles, and accumulators, and then moving into more complex structures like Lucky 15 or Yankee.
Adding Each-Way betting and Rule 4 (R4) handling would cover horse racing and greyhound betting.
You could integrate dead heat rules and consolation payouts for events where the result isn't clear-cut, such as joint winners.
2. Casino Games (Blackjack, Roulette, etc.):
Blackjack: The key here would be calculating odds of hitting a particular hand, the probability of busting, card counting systems, and house edges.
You could implement various strategies for Blackjack (e.g., basic strategy, card counting) and calculate the potential outcomes based on those.
Roulette: A similar tool could be built for Roulette, where you calculate the odds for every bet type (straight-up, split, street, corner, etc.), taking into account the number of pockets (European vs. American).
You could even create an interactive roulette wheel simulation that lets users test different betting strategies (e.g., Martingale, Fibonacci).
Poker: For Texas Hold'em, calculating hand strengths, pot odds, and expected value for various scenarios could be incorporated.
3. Advanced Statistical Modeling:
You could go beyond just payouts and incorporate risk management features, helping users understand things like expected value (EV), variance, and house edge in various situations.
The inclusion of Monte Carlo simulations could help users understand how their betting strategies could perform over the long term by simulating thousands of outcomes.
4. Advanced Betting Strategies:
Integrating betting strategies such as Kelly Criterion, Martingale, and Fibonacci can help users make informed decisions about their staking plans.
For sports betting, correlated parlays or arbitrage betting calculators could be integrated, which would allow bettors to spot mismatches in odds and place risk-free bets.
5. Integration Across Platforms:
For the most advanced system, you could have this available on mobile apps, integrated with real-time odds from bookmakers, allowing users to calculate their bets on the fly based on current market prices.
Integration with live sports feeds could allow the calculator to adjust based on injuries, weather conditions, or odds shifts in real-time.
Potential Collaboration with Experts:
Working with experts like Michael Shackleford could help ensure the math behind the odds calculations is solid. Michael Shackleford, for example, has a great understanding of the house edge in casino games and how players can maximize their expected value with the right strategies.
For sports analytics, collaborating with statisticians or even data scientists could help make your betting predictions even more powerful by leveraging historical data and predictive models.
The "Holy Grail" of Betting Calculators:
If you really wanted to scale this, real-time odds integration, multi-sport support, and advanced risk management would create a tool that goes beyond the simple betting calculator we’re familiar with. Imagine a one-stop-shop for all types of gambling and betting, from sports to casino games to financial betting (betting on stock movements, for example).
It might sound like a huge task, but breaking it down into modular features (with a core focus on user experience and simplicity) will make it achievable. You could build up a basic framework and then add new features over time, gradually expanding its functionality.
If you do ever decide to embark on this journey, you’ll certainly need a strong team of developers and experts across various fields. But considering how far the Free Bet Calculator has come in 12+ years, there's a lot of room to grow if you’re passionate about it!
GPT said: Absolutely, building something like that would be an extensive, but extremely rewarding project! You're right – working with an actuary or someone specialized in odds analysis (like Michael Shackleford, the "Wizard of Odds") would really help bring all the theoretical aspects into a practical, usable tool.
With a blend of probability theory, mathematics of gambling, and programming expertise, you could create a comprehensive betting tool that spans multiple sports, games, and scenarios. Just imagine having the ability to calculate the odds, returns, and even the house edge for every possible casino game (like Blackjack, Roulette, Poker, etc.) alongside sports betting calculators!
Here’s a breakdown of how such a tool might expand across various domains:
1. Sports Betting:
As you said, starting with the basics like single bets, doubles, trebles, and accumulators, and then moving into more complex structures like Lucky 15 or Yankee.
Adding Each-Way betting and Rule 4 (R4) handling would cover horse racing and greyhound betting.
You could integrate dead heat rules and consolation payouts for events where the result isn't clear-cut, such as joint winners.
2. Casino Games (Blackjack, Roulette, etc.):
Blackjack: The key here would be calculating odds of hitting a particular hand, the probability of busting, card counting systems, and house edges.
You could implement various strategies for Blackjack (e.g., basic strategy, card counting) and calculate the potential outcomes based on those.
Roulette: A similar tool could be built for Roulette, where you calculate the odds for every bet type (straight-up, split, street, corner, etc.), taking into account the number of pockets (European vs. American).
You could even create an interactive roulette wheel simulation that lets users test different betting strategies (e.g., Martingale, Fibonacci).
Poker: For Texas Hold'em, calculating hand strengths, pot odds, and expected value for various scenarios could be incorporated.
3. Advanced Statistical Modeling:
You could go beyond just payouts and incorporate risk management features, helping users understand things like expected value (EV), variance, and house edge in various situations.
The inclusion of Monte Carlo simulations could help users understand how their betting strategies could perform over the long term by simulating thousands of outcomes.
4. Advanced Betting Strategies:
Integrating betting strategies such as Kelly Criterion, Martingale, and Fibonacci can help users make informed decisions about their staking plans.
For sports betting, correlated parlays or arbitrage betting calculators could be integrated, which would allow bettors to spot mismatches in odds and place risk-free bets.
5. Integration Across Platforms:
For the most advanced system, you could have this available on mobile apps, integrated with real-time odds from bookmakers, allowing users to calculate their bets on the fly based on current market prices.
Integration with live sports feeds could allow the calculator to adjust based on injuries, weather conditions, or odds shifts in real-time.
Potential Collaboration with Experts:
Working with experts like Michael Shackleford could help ensure the math behind the odds calculations is solid. Michael Shackleford, for example, has a great understanding of the house edge in casino games and how players can maximize their expected value with the right strategies.
For sports analytics, collaborating with statisticians or even data scientists could help make your betting predictions even more powerful by leveraging historical data and predictive models.
The "Holy Grail" of Betting Calculators:
If you really wanted to scale this, real-time odds integration, multi-sport support, and advanced risk management would create a tool that goes beyond the simple betting calculator we’re familiar with. Imagine a one-stop-shop for all types of gambling and betting, from sports to casino games to financial betting (betting on stock movements, for example).
It might sound like a huge task, but breaking it down into modular features (with a core focus on user experience and simplicity) will make it achievable. You could build up a basic framework and then add new features over time, gradually expanding its functionality.
If you do ever decide to embark on this journey, you’ll certainly need a strong team of developers and experts across various fields. But considering how far the Free Bet Calculator has come in 12+ years, there's a lot of room to grow if you’re passionate about it!
November 28th, 2024 at 5:40:37 AM
permalink
That is a lot of nonsensical gobbledygook!
November 28th, 2024 at 7:21:28 AM
permalink
The Holy Grail comment made my eyes really roll:
"real-time odds integration, multi-sport support, and advanced risk management would create a tool that goes beyond the simple betting calculator we’re familiar with. Imagine a one-stop-shop for all types of gambling and betting, from sports to casino games to financial betting (betting on stock movements, for example)"
A single gambling calculator for multi-sport wagering support and stock investments analysis!
"real-time odds integration, multi-sport support, and advanced risk management would create a tool that goes beyond the simple betting calculator we’re familiar with. Imagine a one-stop-shop for all types of gambling and betting, from sports to casino games to financial betting (betting on stock movements, for example)"
A single gambling calculator for multi-sport wagering support and stock investments analysis!
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.
November 28th, 2024 at 8:53:39 AM
permalink
This guy is too late I was playing the actual stock market slot machine the other day I’ll post some actual screenshots soon
And btw it’s the worst slot machine I’ve played next to the lightning shock game
And btw it’s the worst slot machine I’ve played next to the lightning shock game
Last edited by: heatmap on Nov 28, 2024
November 28th, 2024 at 11:07:28 AM
permalink
Quote: SOOPOOThat is a lot of nonsensical gobbledygook!
link to original post
It was posted by a bot, duh.
"It's not called gambling if the math is on your side."
November 28th, 2024 at 2:35:58 PM
permalink
Been called worse..
I found it amusing the AI was name dropping Michael.
I found it amusing the AI was name dropping Michael.
November 28th, 2024 at 4:43:44 PM
permalink
Quote: joeylBeen called worse..
I must admit I have my suspicions too. Can you tell me how many gallons are in two gallons?
Quote:I found it amusing the AI was name dropping Michael.
link to original post
I am amused and honored. Ironic considering how unimpressed I am with AI and have said so many times.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
November 28th, 2024 at 5:28:44 PM
permalink
A couple over there and I think it's 2.4 here.
I very very rarely post on forums these days. I had to laugh when the AI name dropped you.
Suspiciously enough, I've been reading your work since the days of WOL and the OPA. I still haven't read it all. Due to my mispent youth at the arcade amusements as we call them, the Flip It experiment is still the most memorable one for me ;)
Cheers, take it easy out there.
I very very rarely post on forums these days. I had to laugh when the AI name dropped you.
Suspiciously enough, I've been reading your work since the days of WOL and the OPA. I still haven't read it all. Due to my mispent youth at the arcade amusements as we call them, the Flip It experiment is still the most memorable one for me ;)
Cheers, take it easy out there.
November 29th, 2024 at 5:19:25 AM
permalink
Quote: joeylA couple over there and I think it's 2.4 here.
I very very rarely post on forums these days. I had to laugh when the AI name dropped you.
Suspiciously enough, I've been reading your work since the days of WOL and the OPA. I still haven't read it all. Due to my mispent youth at the arcade amusements as we call them, the Flip It experiment is still the most memorable one for me ;)
Cheers, take it easy out there.
link to original post
Damn this ai I getting better and better as it goes
