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Sports analytics may be outnumbered when it comes to artificial intelligence

3Mar

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Technology

Sports analytics may be outnumbered when it comes to artificial intelligence

[ad_1] When it comes to artificial intelligence, the sports analytics crowd may be outnumbered. The people who killed the sacrifice bunt and turned NBA games into a 3-point shooting contest aren't quite sure what will happen when AI fully invades sports — whether in the front office or on the field.“I've been in computer science a long time. This is the first thing we don't understand,” Philadelphia 76ers team president Daryl Morey said Friday at the MIT Sloan Sports Analytics Conference. “That's mind-boggling,” Morey said. “We've actually now created something, with 0's and 1's, where every step we've made the creation, but we don't understand the results.” The MIT conference annually brings together thousands of number-crunching sports nerds, who turn their data models loose on hot to...

As US sports bets boom, internet gambling is slow to expand

[ad_1] While two-thirds of the country now offers legal sports betting, only six states offer online casino gambling, confounding industry hopes that the rapid growth of sports betting would also bring internet casino wagering along with it.Speaking Wednesday at the East Coast Gaming Congress in Atlantic City, industry executives and legislators from gambling states offered various explanations for why internet gambling has yet to expand beyond a handful of eastern states. Internet gambling is legal in New Jersey, Connecticut, Delaware, Michigan, Pennsylvania and West Virginia; Nevada offers online poker but not casino games. By contrast, 33 states plus Washington, D.C. offer legal sports betting.“It's a mystery to me why we have 30 or so states that have sports wagering, and only six t...

We Are All Gamblers Now, From Sports to Crypto

[ad_1] Congratulations to whoever won a bet on the World Cup via Paddy Power or FanDuel last year: You weren't alone. Parent group Flutter Entertainment Plc took a £40 million ($47.7 million) hit from so-called “customer-friendly” sports results in December. Chief Executive Officer Peter Jackson said he watched the spectacular six-goal final through his hands — “it was a very expensive event for us.” There were other customer-friendly developments in Flutter's 2022 financial results, which triggered an investor-unfriendly fall in its shares. The company estimates it spent £150 million worth of annualized sales on safer gambling measures in the UK and Ireland, where the company imposed a £500 deposit limit for players under 25. The unwinding of the Covid-19 boom also hurt performance...