The theoretical win is a term used in the casino industry to refer to the expected amount of money that a casino can earn from a player over the long term. It is a mathematical calculation based on the house edge, the average bet size, and the total amount of time that a player spends in the casino.
For example, suppose a player bets $10 per hand on a game with a 2% house edge, and plays an average of 100 hands per hour. The theoretical win for the casino in this case would be calculated as follows:
This means that, over the long term, the casino can expect to earn an average of $20 per hour from this player.
It's important to note that the theoretical win is just an estimate based on statistical probability, and individual players may experience different outcomes in the short term. In addition, some players may have better or worse luck than others, which can impact the actual amount of money that the casino earns from them.
Overall, the theoretical win is an important concept for casinos to understand, as it helps them to determine their expected revenue and make decisions about which games to offer, how to set betting limits, and how to manage their overall operations.
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