How to Use ChatGPT & Generative AI to Boost Your Betting and Trading

Today, I'm coming to you from San Francisco, the heart of technology, to explore a hot topic: Generative AI and how it can revolutionise your betting and trading strategies.

In this video, I look at the fundamentals of Generative AI, specifically large language models like ChatGPT. I'll explain how these models work, their capabilities, and their limitations. Imagine building a robot that can talk, write, and think like you – that's the essence of ChatGPT. I'll break down how these models are trained and how they generate human-like language.

I'll also show practical examples of using AI in betting and trading. From asking ChatGPT football-related questions to using Bet Angel's statistical models like SoccerMystic, you'll see the strengths and weaknesses of AI in action. I'll highlight some pitfalls, such as AI's tendency to hallucinate or generate convincing but incorrect answers, and how you can test and refine these models.

You'll also learn about innovative ways to integrate AI into your workflow, like splitting data sets or enhancing customer support with AI-trained chatbots. Plus, I'll touch on the future of AI in the betting and trading world, addressing common misconceptions and the potential for these tools to dramatically boost productivity and efficiency.

This video isn't just about theory – it's packed with practical advice and real-world examples to help you leverage AI for better betting and trading outcomes. So, whether you're a seasoned pro or just starting, there's something here for everyone.

Don't forget to visit our website for more resources, check out the BetAngel Academy for structured content, and join our forum to connect with like-minded enthusiasts. Download a free trial of BetAngel and experience cutting-edge technology in your betting and trading journey.

Thanks for watching, and good luck with your betting and trading!

00:00 - Introduction to Generative AI and ChatGPT
00:55 - ChatGPT and Generative AI explained in depth
03:56 - Let's ask ChatGPT some questions
05:39 - Hallucinations
07:05 - Practical ways to use ChatGPT
07:56 - Bet Angel trained GPT
09:36 - How people are abusing the technology in marketing
10:30 - How to use Generative AI LLM's
12:02 - Summary

- Real-world examples with BetAngel and SoccerMystic
- The future of AI in the industry
- Enhancing productivity with AI

**Resources:**

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#trading #betting #chatgpt

[LessonsInLogicUK]

Good video Peter. We did a video a couple of weeks ago showing how you can use GenAI to confirm your beliefs in the correct score market.

[davegravy]

Great video very interesting more like this Peter 👍👍👍👍

[nikole]

I've used the instant answers thing already and it helped.

[mattmid]

Well, I impressed by self by getting Damien Duff anyway!

[Mjbarnes]

Hi Peter, Long time no speak... Enjoyable video. Is the gpt available direct from the store or only through your Web page? I hope cycling is still going well and you are keeping fit. All the best. Michael

[martintasev]

Hello Peter,

Big fan of your channel as many of the videos contain very useful and educational information. I was wondering what the answer to the question is. I thought the inaccuracy in the AI generated answer came from the fact that the calculations showed the probability of one team not scoring. However no information was presented(and given to ChatGPT)for the other team therefore odds for that cannot be calculated🤔 Not sure though

[exchangemarkets]

Peter, is there an obvious benefit to using a spreadsheet connected to BA rather than using automation for triggered betting/trading ?

[NotTheMaestro]

This depends a lot on how you use it. We’re running experiments for it to help us predict horse races. It’s surprisingly good, but it’s not the only thing we use. It’s also not cheap when backtesting it either so the barrier to entry will be high for most people + you also need the right data.

[MrKalashnykov]

Thanks for the video, Peter. Out of interest, what was the flaw when GPT calculated the odds of 0-0? Is it that the average number of goals in a match cannot be calculated correctly based only on stats of one team, so we need to take into account the other team and their stats as well?

[wilstewart]

I’ve found AI great for doing calculations with strike rates like asking it what strike rate would I need to hit to be profitable at 8.0 odds for instance using fixed entry stakes

[petergibbs]

I cant see how the 3 word number is 260. The first box 682 says one number is correct & well placed. That must mean one number is in the right place. Unless well placed means not in the correct place.

[johnristheanswer]

The avatar / bot voiceover didn't say " fundamentally speaking " enough to be realistic.

[danielchill-gaming]

@Bet Angel, let me try to asnwer the 0-0 score odds, would be fun to answer me if i am wrong or not, i noticed you only godt, score+conceded of 1 team, without knowing the other team you cant realy make a good calculation becuase other team will then just be X. :D

[jonescrusher]

It still feels like technologies of potential, having spent time using chatgpt and stable diffusion, the problems and limitations soon become apparent, not least just how generic so much of the output becomes.

[buswoofer]

How do i know if i ask you a question, i get a real answer from you🙂

[Scotty]

How can the answer be 260 when clue 5 says one number is correct but wrongly placed (0)

[tomdoesstuff]

Am I right in saying that the AI has been trained using Peter's voice? Whilst it sounds like him a few minutes in, I dont think it is him.

[clairekosmic]

4:05 Im pretty certain this voice is your AI voice? and not your real voice! Its v strange!!

[grahambeyer]

It's also knowing which questions to ask. If you don't know that it's useless.

[nikole]

I liked the real Peter rather than the ai voice Peter. The assistant was good though!