Casino Industry Glossary
Theoretical Loss / Theo
Betting Systems, Strategies & MathematicsREPORTED
The expected loss based on total wagered amount and house edge.
In practice
Used by casinos to calculate comps.
More in Betting Systems, Strategies & Mathematics
Labouchere / Cancellation System·D'Alembert·Paroli·Fibonacci System·Martingale·Anti-Martingale / Reverse Martingale
One entry from the Casino Industry Glossary, 1,090 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.