Neural Networks for betting on horse races

Neural Networks for betting on horse races Designer Dresses

The most amazing thing about artificial intelligence technology for betting.
2022-10-27, by ,

#Machine learning!Sport || #Data Science ||

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The power of AI in predicting sports events has gone even further - into an area where it is not just the emotional mood of the player, the humidity level during the match or Donald Trump's percentage of voters in Oregon, but the behaviour of an animal that needs to be taken into account. Horse racing is an ancient, noble and exciting sport.

COMBINING HUMAN RESOURCES AND PROGRAM

How do you develop the right metrics here and what factors to consider for an accurate prediction?

You won't believe it, but a recent Kentucky Derby horse racing bet turned a $20 bet into a $11,000 jackpot. Such an astounding win was the result of combining collective intelligence and artificial intelligence. 

The UNU program, which included both human resources and artificial intelligence, was able to determine the four horses that would take the prizes days before the race. Although the odds of winning in a conventional prediction were 540:1 (see The legality of betting sites in India for details).

The developer of this program, Lewis Rosenberg, used a special AI system, Swarm Intelligence, which describes the behaviour of a collective in a self-organised system. According to Rosenberg, UNU enhances the capabilities of human intelligence rather than replacing it. Such technology shows that you can not only compete with artificial intelligence, but also be friends with it.  

HOW IT WORKS

A group of people connect to the system via any gadget, smartphone or computer. The participants are then asked a question and given the opportunity to choose their answers. By moving a virtual magnet, the person makes their choice. The magnet can be moved as desired for 60 seconds, which is the time given to the group for the final collective decision. 

The system, as you can see, is based on group intuition. Such a system has a number of advantages over a conventional survey, where people are divided into focus groups by opinion. UNU also produces a compromise solution. 

This programme also demonstrated its ability at the Oscars. The UNU system correctly identified 11 winners out of 15. Such a result shocked even the experienced film critics and experienced bookmakers!

The results are staggering. It seems that the theory of probability will soon be put in place!  And the technical side? Tons of complicated code is compiled behind any such service!

Anthony H. Jackson

Anthony H. Jackson contributor to designerdresses.me.uk