Casino Industry Glossary

Theoretical Loss

Betting Systems, Strategies & Mathematics

/ 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 — 1,157 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.