Casino Industry Glossary

Theoretical Loss

Betting Systems, Strategies & MathematicsREPORTED

/ Theo The expected loss based on total wagered amount and house edge.

In practice

Used by casinos to calculate comps.

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.