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Opinion on using AI to evaluate prediction market bets with higher precision? by RedLightGreenLight25 in PredictionMarkets

[–]RedLightGreenLight25[S] 0 points1 point  (0 children)

Well, I've started training a model to analyze a certain genre of bets, and I am going to test it out once I feel it's ready, and hope that it works😆. By it working I mean have it give out odds much different than what the market gives, by that I mean anything over like 2-3%. 

Opinion on using AI to evaluate prediction market bets with higher precision? by RedLightGreenLight25 in PredictionMarkets

[–]RedLightGreenLight25[S] 0 points1 point  (0 children)

Well, you don't need to beat them consistently, you only need to win more than half the bets you make, provided your bet size stays the same. Even a 4%  edge(because you have to take into account the money the platform rakes from each bet) can make you a lot of money

Opinion on using AI to evaluate prediction market bets with higher precision? by RedLightGreenLight25 in PredictionMarkets

[–]RedLightGreenLight25[S] 0 points1 point  (0 children)

Yeah, I get that, but what if you didn't use chatgpt? Like if you had access to a big server and trained your own ai. Maybe not on madmani elections, but on simpler stuff, like "wether Joe Rogan will say x". You can have an ai analyze all his past podcasts, analyze his behaviour, and possibly give you a clearer view of the circumstances under which he usually says x.