Revealed: how bookies use AI to keep gamblers hooked...

This development has also been taking place in the financial trading ‘industry’.


The gambling industry is increasingly using artificial intelligence to predict consumer habits and personalise promotions to keep gamblers hooked, industry insiders have revealed.

Current and former gambling industry employees have described how people’s betting habits are scrutinised and modelled to manipulate their future behaviour.

“The industry is using AI to profile customers and predict their behaviour in frightening new ways,” said Asif, a digital marketer who previously worked for a gambling company. “Every click is scrutinised in order to optimise profit, not to enhance a user’s experience.”

“I’ve often heard people wonder about how they are targeted so accurately and it’s no wonder because its all hidden in the small print.”

Publicly, gambling executives boast of increasingly sophisticated advertising keeping people betting, while privately conceding that some are more susceptible to gambling addiction when bombarded with these type of bespoke ads and incentives.

Gamblers’ every click, page view and transaction is scientifically examined so that ads statistically more likely to work can be pushed through Google, Facebook and other platforms.


https://www.theguardian.com/technology/2018/apr/30/bookies-using-ai-to-keep-gamblers-hooked-insiders-say

Well said.
Sometimes when I trade, I feel like the market , or the "shadow behind the curtain" is doing the same to me, haunting me, already predicting my trading moves and going for my SLs!

I’ve often mentioned that behind the curtains, brilliant software engineers are using techniques and selling programmes to brokers, that wouldn’t look out of place, if they were working Mossad and the CIA. Punters shouldn’t lose sight of the fact that a bet is a bet, whatever the industry. Wrapping it up in a more socially acceptable wrapper and calling it a “trade” doesn’t make the loss or phenomenon any more palatable, or the trade more likely to succeed.

Ultimately we’re playing out a game of probability, hopefully with an edge you’ve developed, underpinned by critical, sound money management.

But the intention of the retail trading/betting industry is to encourage folk to continue betting, even when there’s empirical evidence, of a 90%+ failure rate.

Are you suggesting we are all doomed?
Cuz with 30% in loss right now I think I'm doomed.
Sometimes I cannot differentiate between where the market is going and where I want it to go. I interpret all technical tools and indicators, fibo, elliot , etc. to my liking!
It's like spitting web-net around yourself... until you suffocate!

Also sometimes I think I should go exactly reverse on my trades. I mean I analyze, calculate and try to predict the market and when I reach a conclusion, say Buy EURUSD, I press sell! That way I might fool the "shadow behind the curtains". I never found the courage to do though.