The actual win in an online casino refers to the amount of money that the casino has actually earned from players during a specific period of time, while the theoretical win is the amount of money that the casino can expect to earn based on statistical probability.
The actual win is calculated by subtracting the total amount of money paid out to players as winnings from the total amount of money wagered by players. This provides the net revenue for the casino over the specific time period being analyzed.
The theoretical win, on the other hand, is calculated based on the house edge and the total amount wagered by players. The house edge is the mathematical advantage that the casino has over players for a particular game, and it is usually expressed as a percentage. The theoretical win is calculated by multiplying the total amount wagered by the house edge.
While the actual win and the theoretical win are related, they may not be the same due to the random nature of gambling. In the short term, the actual win may be higher or lower than the theoretical win due to factors such as luck and variance. However, over the long term, the actual win should approach the theoretical win as more bets are placed and the law of large numbers comes into play.
Online casinos track both actual win and theoretical win to help them manage their operations and make decisions about which games to offer, how to set betting limits, and how to optimize their revenue. By comparing the actual win to the theoretical win, online casinos can determine whether a particular game is profitable or not and make adjustments as necessary.
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