Soft robots, distinguished by their inherent compliance and continuum structures, present unique modeling challenges, especially when subjected to significant external loads such as gravity and payloads. In this study, we introduce an innovative data-driven modeling framework leveraging an Euler spiral-inspired shape representations to accurately describe the complex shapes of soft continuum actuators. Based on this representation, we develop neural network-based forward and inverse models to effectively capture the nonlinear behavior of a fiber-reinforced pneumatic bending actuator. Our forward model accurately predicts the actuator's deformation given inputs of pressure and payload, while the inverse model reliably estimates payloads from observed actuator shapes and known pressure inputs. Comprehensive experimental validation demonstrates the effectiveness and accuracy of our proposed approach. Notably, the augmented Euler spiral-based forward model achieves low average positional prediction errors of 3.38%, 2.19%, and 1.93% of the actuator length at the one-third, two-thirds, and tip positions, respectively. Furthermore, the inverse model demonstrates precision of estimating payloads with an average error as low as 0.72% across the tested range. These results underscore the potential of our method to significantly enhance the accuracy and predictive capabilities of modeling frameworks for soft robotic systems.