ShineyShine
ShineyShine
Joined: Feb 6, 2014
  • Threads: 7
  • Posts: 189
June 5th, 2022 at 5:16:22 PM permalink
What is Theoretical Win Calculation, and how do you calculate it?
camapl
camapl
Joined: Jun 22, 2010
  • Threads: 8
  • Posts: 362
June 5th, 2022 at 7:14:46 PM permalink
Quote: ShineyShine

What is Theoretical Win Calculation, and how do you calculate it?
link to original post



Based on the content in your prior threads, I assume you’re asking with respect to the house…

A Theoretical Win Calculation is the amount of money the house will win on average after a certain number of rounds (hands, spins, draws, resolved dice rolls, etc.) or within a certain timeframe. A positive number reflects a win, and a negative number reflects a loss.


The Theoretical Win for the house after N resolved bets,

Theo Win (N) = (1 - R) * B * N,

where R = theoretical return of the game
and B = average bet amount.


The Theoretical Win for the house during time, T,

Theo Win (T) = (1 - R) * B * H

where R = theoretical return of the game,
B = average bet amount,
and H = average number of resolved bets during T amount of time.


To calculate the same for the player, merely substitute (R - 1) for (1 - R) in either equation above.
* Actual results may vary.
ShineyShine
ShineyShine
Joined: Feb 6, 2014
  • Threads: 7
  • Posts: 189
June 6th, 2022 at 3:37:14 PM permalink
Thanks for the reply Camapl. Yeah, it was for the house. So it's basically the house edge, I just had never heard or seen it described this way, so wanted clarification. Cheers!
MichaelBluejay
MichaelBluejay
Joined: Sep 17, 2010
  • Threads: 51
  • Posts: 1263
June 7th, 2022 at 12:23:14 AM permalink
My calculator does the heavy lifting: https://easy.vegas/gambling/average-loss

  • Jump to: