Many global investors are still not ready to enter the crypto market and invest in cryptocurrencies. On the other hand, they are very active in investing in traditional ETFs. Luckily, they now have an opportunity to invest in Bitcoin without actually buying BTC, and that's via a Bitcoin ETF.Read more
Can AI Prevent Problem Gambling?
The UK has approximately 2.1 million adult online gamblers and 430,000 of these suffer from compulsive gambling issues. On a worldwide scale, data suggests that problem gambling affects up to 5.8% of the total worldwide population. These are staggering figures which have only been exacerbated by the Covid 19 pandemic. Which has seen more and more adults homebound with more time on their hands.
Online casinos are under immense pressure to curb these figures from governments and gambling regulators. This is where Artificial Intelligence comes into play, this innovative technology can not only help us order our shopping but can also help combat problem gambling. But how?
Best Casino Bonuses for May 2022
What is AI?
Artificial Intelligence is concerned with creating smart machines that are capable of performing a multitude of tasks that usually require human intervention. AI is a sector of computer science that has already revolutionised the way we live our lives and has been harnessed by many industries such as sports, security, and entertainment.
Long gone are the days when we associated AI with terrifying human-shaped robots in dystopian Hollywood movies. How many of us now use the likes of Siri and Alexa in our homes? The future of self-driven cars is almost here and we all rely on email spam filters as well as choosing our next TV show from a list of Netflix recommendations.
How Does AI Work?
Just like the human brain, AI needs to learn and be ‘taught’. This is what is known as ‘machine learning' and is a subset of AI which studies computer algorithms to analyse masses of data within search patterns. Over time, these machines learn from the training data which they receive and become enabled to recognise certain patterns. Without the need for additional programming, these machines continue to learn and even become capable of predicting future events.
The main advantage of AI machine learning is its capability to absorb and analyse more data than a human brain could ever achieve. It can spot the most intricate of patterns, trends, and operate ‘by itself’.
Casinos Using AI Pros & Cons
- Capability to analyse more data than human.
- Can learn and predict future events.
- Can identify signs of problem gambling.
- No privacy regulations concerning AI.
- Possibility og players incorrectly flagged.
- Unregulated casinos unlikely to use AI.
How Does AI Help to Identify Problem Gambling?
The principle is to provide the machine learning algorithm with a set of data that ‘tells’ the AI the signs of problem gambling. These can include:
- Win and loss rates
- Total monetary amount of deposits made
- Number of failed deposits
- Time spent gambling
- Log in times and frequency
- Types of games played
- Number of successful withdrawals
- Wagering information
Once the machine has learned these hallmarks it then begins to detect patterns and identify players who display these signs. It can recognise individuals who it already thinks have problems when it comes to gambling. And also provide data on those players it predicts will develop issues as time goes by.
The next step in the process is for the online casino to reach out to the player, which has stirred up some hot debates among researchers. It’s these interventions that can be difficult as some gamblers may find this step incredibly intrusive. As well as being concerned with how their personal data has been handled. Interactions must therefore be made gently and tactfully for them to be effective.
Issues Concerning the Use of AI
Using AI to identify problem gamblers might seem like the golden pass for online casinos. And whilst it’s also a huge help to those affected players, it does come with issues. Some of these are ethical, regulatory, and technical:
AI requires data to be able to learn, but there are strict laws in place when it comes to player privacy rights. Whilst the EU has the ‘General Data Protection Regulation’, the US is without any similar directive. So far there have been no regulations laid out concerning AI and data anywhere in the world.
- False Positives
No matter how effective the AI is there will always be those players who are missed or incorrectly flagged. Human intervention is still required in these cases and judgement calls will need to be made.
- Unregulated Casinos
These rogue sites are a ticking time bomb for players in many ways. These casinos are very unlikely to adopt AI technology if it means restricting their operations any further. This leaves vulnerable players even more open to abuse.
Creating historical data for AI to ‘learn’ is difficult. The way players gamble today compared to 7 years ago is very different. And constantly developing these models will become time-consuming and costly. Other issues arise concerning those problem gamblers who hop between casinos and log in once a month, remaining ‘under the radar’ of the AI detection.
What Does This Mean for the Future?
Without a doubt, AI is worth its weight in gold when it comes to helping to prevent problem gambling for online casinos. These platforms simply do not have the ‘manpower’ to ensure that all players are analysed and monitored. However, AI does need to be used with caution especially in regards to data collection and the privacy of players.
It’s possible in the future that we see AI develop to enable accurate tracking of players across various platforms. We have recently seen Facebook announce that it will begin to monitor its users' online activity to identify suicidal tendencies using AI technology. Perhaps this could link with casinos to help tackle gambling issues?
However we view AI in the industry, it should be greeted as a positive and a welcomed tool to help prevent problem gambling, allowing players to be given the support they need.
Latest News View all
We have all heard of Bitcoin, and most of us know that it's a form of non-physical money, a digital currency, so to say. Despite that, people usually opt to invest in it or trade it, treating bitcoins as assets, similar to what we do with stocks. Many investors disregard the fact that Bitcoin is a payment method and that you can use your bitcoins as you would real money and cash to buy goods or services with it.Read more
We've prepared a detailed guide that will tell you what a Bitcoin ATM is and how to use it by following a thorough step-by-step process. We'll also explain the fees, how to sell bitcoins through a Bitcoin ATM, and more. So, buckle up, "hodl" tight, and let's begin.Read more
It is common for a gamer to want to know about the best slots to play. And this includes the ones that are the best for payouts. Of course, there are various developers operating today, creating entertaining, high-quality slot games with amazing payouts included. Therefore, we have put together a selection of the best payout online slots for you to experience and separated them into their respective developer sections.Read more
Gambling is not something that is restricted to one specific area of the world. In fact, it is present in more countries than you may know, be that in an official way or a bit more of an underground format. Whatever the case may be, gambling has become an appealing pastime for many people all over the globe. So much so that various cities around the world have risen to obtain the status of being the biggest gambling locations today.Read more
Italy and England will face each other on Sunday at Wembley in what has been an existing European Championship tournament. Hosted a year later due to the pandemic, the Euro 2020 will come to an end on Sunday at 3 pm, with the final taking place at Wembley. Is it coming home? Or is it coming to Rome? Let’s see what the bookmakers say.Read more
Let’s face it, most of us love a bonus. These are the joyous treats that keep us ticking and give us that little bit extra. Making us feel welcome at our favourite online casinos, or rewarding us for our loyalty. They come in all different shapes and sizes these days, as sites compete for our business.Read more
It is always a momentous occasion when someone wins an online jackpot from a casino. And while many of us believe that they do not come around so frequently, several big winners were recorded in 2020. So, keep playing and you never know, you could be the very next person to claim a jackpot payout. Let’s have a look at the biggest online jackpot wins of 2020.Read more
UK online casinos that offer a £100 deposit bonus are quite common, especially as we see an increase in the number of online casinos, which results in greater competition between them - and better offers for players!Read more
Bankroll Warriors is our hit casino podcast, offering you a look into the world of the best slot games online at the top casinos around. So get right for lights, camera, and spin! Whether you’re after discovering the best bonuses or just after some suggestions for a new game, our new all-star streamer team has got what you need.Read more
Europe is a hotbed for casino gaming activity, and there’s little wonder. With locations like Monte Carlo, London and Malta all playing host to exciting casino escapades, it has quite the popular appeal for players. It is also due to this that many online casino slots have become popular in their own right with players from the continent. So, which ones can be considered the five favourites of European casino players? We’ve got a look at each of these and their inbuilt features below.Read more