Quote from: davis196 on July 01, 2019, 06:20:33 AM

Quote from: hatshepsut93 on June 23, 2019, 08:14:09 PM

Gambling is all about random number generation, and provably fair scheme provides guarantees that casino doesn't cheat, but we also know that humans are horrible random number generators - we are very easily predictable.

There are many online demonstrations available, I'll just drop one here: http://www.cs.stir.ac.uk/~kms/schools/rps/index.php
After a small number of games, computer becomes quite good at consistently beating you at the game.

So, theoretically a casino can observe how you place your bets, then predict your next bets and make their own bets (they always go first) accordingly. The flaw here is if this algorithm is implemented too naively, it can be abused by players by making big amounts of predictable low-value bets, and then making a big opposite bet.

You know the saying "The casino always wins."With or without AI and random number generation algorithms,the casinos will win 99,99% of the time.The important question here is,can a gambler develop an AI or algorithm that can predict random numbers and beat the casino.

Exactly, they don't have to watch the players play the game, and in the end, the casino will get all of the money. That will help them to reduce their work in the casino, and they can do another thing to promote and attract more players. Maybe the gamblers will develop the AI or algorithm that will help them to beat the house, but the casino will prevent that thing so the casino will still take the money.