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Theoretical and Actual Loss Explained

Your Theoretical determines the comps and offers you receive



How Theo is figured for slot players

  • In short 
  •  Hours spent playing per day
  •  X    Spins per hour (figure 360)
  • X    Average Bet
  • X    House advantage - which I calculate at .15


  • ‍Size of bet -  Playing a higher average bet per spin, will net you a higher Theo‍
  • Hours played -  The more you play per day on a trip, the higher Theo you’ll generate - this is the biggest contributing factor‍
  • Spins per hour - The more spins or hands you play per hour, the higher Theo you’ll generate.   A simple three reel game will generate more spins per hour than a highly volatile game such as the "Big Hot Flaming Pots"  - Dragon Link - Huff-n-Puff
  • House Advantage -This one’s a little tricky.  Basically, games that have lower win rates will generate a higher Theo. Slots on a cruise ship have an approximately 85%-91% win rate per dollar, 9% -  15%House Advantage. 

 

  • Consistancy is the key!   The more time you spend in the casino, the better offers you'll receive.
  • Time spent playing is the single most important factor in generating a good Theoretical

How Theo is figured for table players

  • Average size of bet) x (Hours played per day) x (Hands per hour - the game you're playing determines this) x (House Advantage, determined by the game you play)
  • ‍Size of bet - Playing a higher average bet per hand, will net you a higher Theo‍
  • Hours played - The more hours you play per day on a cruise, the higher Theo you’ll generate‍
  • Hands per hour - The more hands you play per hour, the higher Theo you’ll generate 
  • House Advantage -  Essentially, games that have lower win rates, will generate a higher Theo. For example, playing perfect strategy single-deck blackjack will win at 99% per dollar, 1% House Advantage
  • Rule of thumb - Playing 4 hours per day with an average $100 bet per hand, or 8 hours per day with an average of $50 per hand will afford you a consistently good theo

‍

How do you increase your Theo?

  

  • The short answer is to simply play longer, or at higher denominations.  But if you’re already playing at the highest level you’re comfortable with, here are a few factors to help maximize your playing score.  
  •   Slot players have higher Theo's than table players

Most importantly

      Always play to what you can afford to play, and even more importantly, play what’s fun for you to play.  There's not a comp available that’s worth it if it’s stressful and not enjoyable to achieve! 

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