What is casino Theo?

Average Daily Theoretical (or “Theo”) is a number value that casinos use to determine your worth to them on a daily basis.

How is average daily Theo calculated?

This number is calculated based on the expected loss of the type of game you play, multiplied by how much you play in a day, multiplied by how much you wager. If you play a game that wins back 98% of your money (over a lifetime of play), that is a 2% loss.

What does ADT mean in gambling?

What is Average Daily Theoretical (ADT) and why is it an important number to the casino. The idea behind ADT is that it’s what you’re worth (theoretically) to the casino each and every time you walk into their establishment.

How is casino free play calculated?

But comps aren’t based on how much you actually lose. Instead, casinos calculate your comps based on your theoretical expected loss. This is a function of the house edge for the games you’re playing, the time you spend playing, and how many bets per hour you’re making.

How do casinos calculate theoretical win?

A theoretical win or expected win is calculated using the following formula: House Advantage × Game Pace × Average Bet × Duration = Theoretical Win. Most newly constructed casinos, and some existing ones, have experienced the benefits of technology with player ratings that are positioned on every table game.

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What is the probability of winning in a casino?

The true odds of winning are 37 to 1 or 38 to 1, not the 36 to 1 that is the most the player can get paid on a winning bet. The house edge, the odds advantage in its favor, represents the average gross profit the casino can reliably expect to make from each game.

What does coin in mean?

Coin-In – The total amount of money played into the machine. This could be from the guest’s wallet and/or from the credits he or she earned on the machine while playing it.

How is casino ADT calculated?

ADT = Est Average Bet * Est RPH * TOD * Est HE

These estimates are necessary but come at a cost. Let’s use Blackjack (BJ) as an example. Our casino makes the following observations: supervisors enter rated Avg Bet after observing a few hands.

How much do you have to spend at a casino to get comped?

The bigger casinos require you to bet at least $25 a hand to get rated for comps. Slots, on the other hand, are very comp friendly. They accumulate on the same basis, with the amount of action determined by the amount of money you bet. This is different than how much you put in the machine or how much you win or lose.

Can you cash out free play?

Players can’t cash out the free play itself; they may cash out any winnings from it. Some casinos use free play instead of cash-back programs. Slot players accumulate points as they play, and with cash-back, they could redeem the points for money.

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Can I use someone else’s free play at casino?

Yes, you run the risk of having your winnings “null and void” if you use another player’s card. There are some instances of people being asked to leave the casino for using player’s cards which are not theirs.

What is theoretical win in gaming?

This player earning potential (also called player value, player worth, or theoretical win) can be calculated by the formula: Earning Potential = Average Bet ´ Hours Played ´ Decisions per Hour ´ House Advantage.