The Impact of Artificial Intelligence on The Online Gambling Industry

avatar

Modified by CasinoTopsOnline on July 20, 2021 in

It’s amazing to think how far the online casino industry has come since it first began.  

What started with simplistic games and a small following is now a multi-billion dollar industry.  

One of the main reasons the industry has managed to reach new levels is due to the use of technology.  

Thanks to the industry adapting and making use of emerging trends it has become more appealing to a wider range of users. 

The Influence of Artificial Intelligence on Online Gambling 

With the industry constantly evolving and adapting it comes as no surprise that the trend of artificial intelligence (AI) has largely impacted the online gambling ecosystem.  

Gambling in itself has had an impressive history as it evolved from simplistic games of chance played in countries like China to modern online slots, roulette, baccarat and other games.  

It can be said that the online casino industry has received a massive boost because of people worldwide sharing their daily activities online. Nowadays data is collected on everything we do from the websites we visit to the purchases we make and our social media updates. For the online casino industry the collection of data and analysis thereof is highly important. Then again it can be said that this is not just important in the gambling industry but in all other industries as well.  

In order to optimise the market and its performance it’s crucial for the gambling industry to keep collecting data and improve and transform based on it. The big data market was worth $35 Billion in 2017, a figure which is expected to triple within the next decade.  

The main reason data collection and analysis is so important to the industry is because it helps with growth. The online casino industry is more likely to succeed and grow if it keeps tabs on what clients want. Data collection and analysis also helps casino operators and software developers learn more about their users to ensure the products they provide meet their needs.  

It’s a fact that computers are more likely to provide accurate data than any human being. And more so using AI software is the perfect solution to help in analysing consumer habits and predicting what products might be of interest in the future.  

Apart from this AI software has many other benefits for the gambling industry including creating its odds. By using artificial intelligence operators are able to provide their players with more realistic odds. On the other hand Artificial Intelligence can also be used by players to outsmart the system and take home bigger wins especially in card games such as poker. Much like any other helpful resource AI has its pros and its cons with the pros outweighing the cons by far.  

Ai and Responsible Gambling 

Another amazing aspect of AI is that it can improve the issue regarding gambling addiction. For instance by utilising the BetBuddy software players in danger of developing an addiction can be identified and helped earlier. The AI software can help prevent negative consequences by identifying it before a problem becomes too serious.  

Overall artificial intelligence has the potential to take the gambling industry to even bigger heights. In fact it has already proven to be a source that influence and shapes the way developers look at gaming innovation. By using AI the correct way operators and developers have the means and tools to entertain no just present users but future generations too.

Latest News View all

Casino Chips: How To Spot A Fake

When we play in our favourite casinos, we exchange our real money for chips. And whilst these tokens might feel plastic, they are still considered a form of currency. This makes the chips attractive to criminals who still try to produce counterfeits. Amazingly enough, casino croupiers often state that it’s an easier task to make fake money than chips these days. But what do you look for when you are playing? What do you do if you find a bunch of casino chips? In this article, we will give you the full lowdown on how to protect yourself and what the casinos do to keep you safe. We’ll also let you know how counterfeiting criminals are dealt with in the USA.

Read more

Top 10 Famous US Gamblers

Who are the gamblers who've made it to the top? It was a difficult task to put together this list and it caused huge debates in our offices. But after much discussion, we narrowed it down to 10 famous gamblers. Here we take a look at the highs and lows of career gambling as well as the millions of dollars of profits.

Read more

C$20 Deposit Casinos in Canada

Getting started at an online casino shouldn’t need to cost the earth. With a deposit of C$20, you can unlock some great deals and a top-class experience at many sites in Canada. C$20 deposit casinos are popular and whilst there are loads out there - should you trust them with your cash?

Read more

Most Popular

Euro 2020 Final Odds Italy vs England - Who Will Win It?

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

How Do No-Risk Bonuses Work?

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

Best Crypto Gambling Sites 2021

Crypto bring with it new opportunities and for all those online casino players who prefer to use cryptocurrencies for their gambling payments, we know of several online casinos that support Bitcoin, Litecoin, Ethereum and other cryptocurrencies as a payment method. So, which of these sites can we recommend for 2021?

Read more

Biggest Online Jackpot Wins of Last Year

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

Bankroll Warriors Gets New Host for 2021

CasinoTopsOnline is re-launching its exciting slots and casino Twitch stream Bankroll Warriors with a brand new host for 2021. At different times in his life, Dreezy has been a professional poker player, gambler, esports bar owner, trucking business owner and Twitch streamer. Read more

£100 Deposit Bonus UK

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 Back With HUGE NEWS

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

5 Favourite Slots by European Players

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

New Series of Podcasts by Our Very Own Bankroll Warriors!

Bankroll Warriors, better known as Jon Pardy and Drew Gonzalez, have teamed up with CasinoTopsOnline to provide viewers with a series of exciting, livestreamed games at the best online casinos. A combination of casinos hand-picked by experts and the professional play brought to you by the Warriors themselves will take casino livestreaming to a whole new level. Read more