ChatGPT is one of the main news topics of 2023. It has been on the pages of leading online publications for almost a year. The target audience of the bot is impressive: more than 100 million registered users per month (and 700 million since the project launch).
Experts of the CASEXE company will tell you about the features and advantages of this virtual assistant in the gambling niche.
November 30, 2022, became a turning point in the world of digital technology. On this day, the OpenAI American brand presented its flagship product — the ChatGPT bot.
Generative Pre-trained Transformer is a robotic assistant that works based on artificial intelligence. Its main feature is a natural reaction to user requests, as well as the ability to communicate and remember the answers of clients on the other side of the screen.
The ChatGPT software is part of a group of programs based on the Large Language Model (LLM), which was also created by OpenAI.
The bot can:
GPT belongs to the class of transformer neural networks.
Key facts about the chatbot:
The proprietary solution can be downloaded on the OpenAI official website. In May 2023, the company presented a special application for the iOS operating system, and in July 2023 — for the Android OS.
To use the chatbot, gamblers need to register in several ways:
The main page of ChatGPT is designed as a messenger. The leftmost column displays a list of players' dialogues, and the correspondence on the selected conversation is located in the middle.
In the lower-left corner, there is a tab with the following additional commands:
ChatGPT provides a high level of privacy, which is not typical for traditional assistants. During registration, the product does not require clients to share personal data or payment details, thus maintaining the anonymity of casino visitors.
Monica Amadio, professor of management at Stockton University School of Business, noted:
The emergence of AI in the form of ChatGPT contributes to the development of the gambling industry. Global changes are becoming real thanks to an improved system of interaction between players and iGaming sites.
Let us take a look at how the product benefits the betting sector:
The AI program is capable of processing terabytes of disparate information and converting it into a unified one. No software or person can provide such accurate and detailed sports statistics as ChatGPT.
The solution can analyse the following aspects:
ChatGPT tips include a variety of gambling options based on the chosen discipline, preferred types of bids, side odds, etc.
The chatbot provides recommendations on the following types of wagers:
ChatGPT gives detailed answers to the client's questions as if they are communicating not with a bot but with a real person. The program can support a high-grade conversation or discuss and test various strategies. Thanks to this, users improve their style of playing and are not afraid to bid large sums.
The virtual assistant is used to create an arbitrage betting strategy. The program searches for 2 wagering platforms with different odds for the same match and offers gamblers to place money on both teams or sportsmen. Customers end up in the black regardless of who wins in the end.
Experts say that the predictions of ChatGPT come true with a 75% probability. No program will give a 100% result (it will not name the winner or the exact score on the scoreboard), no matter what initial data the user provides.
The product only recommends this or that type of bid, taking into account the disciplines preferred by gamblers. Casino visitors make all decisions independently, bearing responsibility for the chosen wager.
Detailed statistics and analytics are beneficial not only for players but also for bookmakers. Their main goal is to create a balanced set of events with maximum coverage of popular sports and considering account margins.
ChatGPT operates with the following data:
The pluses of ChatGPT include working in live mode and taking into account seasonality in the athletic world. Entrepreneurs always receive the most favourable quotes with maximum coverage of current events.
Key advantages of using ChatGPT in this field:
It is crucial to understand that the chatbot does not do all the work for the journalists but only helps them write articles, reports, and press releases. This approach increases targeting and interaction with customers, as well as expands audience coverage.
In the iGaming industry, ChatGPT is not used as often as in the betting business. Nevertheless, the functions of the solution are constantly being improved: new opportunities appear for both operators and their clients.
In online casinos, users always take risks and do not try to predict the result based on sports analytics.
Most entertainment on a gaming site works based on the built-in RNG. It determines the winning combination on digital reels, which is impossible to predict in advance. Everything depends on the person's luck.
ChatGPT can only provide such key statistics as:
Online casinos always have a category of entertainment where a chatbot will be beneficial. These are blackjack, baccarat, Sic Bo, poker, craps, and other table games. Here, the probability of winning is determined by the house edge: the lower it is, the higher the chances. In baccarat, for example, this figure is 1.06%, and in blackjack — 0.5%.
How ChatGPT is used in baccarat:
Using the chatbot significantly increases the users' chances of winning. It can also help with the formation of a betting strategy and the improvement of skills.
The AI program answers many questions that are asked by casino visitors:
ChatGPT functions as a one-stop help desk. It solves a wide range of problems and provides an individual approach to each client.
The list of suggestions is formed based on the client's questions and interests, their previous experience, and many other factors.
The OpenAI American company presents its flagship product — ChatGPT.
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