The theoretical win for slot machines is calculated based on the same formula as for other casino games:
The house edge for slot machines varies depending on the game and the specific machine, but it is usually higher than for table games. The house edge for slots can range from around 2% up to 15% or more.
To calculate the theoretical win for a slot machine, the casino needs to track the total amount of money that players bet on the machine over a specific period of time, such as an hour or a day. This includes all of the bets placed by all of the players who use the machine during that time period.
Once the total amount wagered has been determined, the casino can multiply it by the house edge to calculate the theoretical win. For example, if players wager a total of $10,000 on a slot machine with a house edge of 5%, then the theoretical win for the casino would be:
This means that the casino can expect to earn an average of $500 from this slot machine over the long term.
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 slot machines may offer higher or lower payouts than others, which can impact the actual amount of money that the casino earns from them.
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