What is more important theoretical win or actual win?
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Correspondingly, what is theoretical win?
The Theoretical Win (TW) is the profit the casino makes off of each guest to their casino. It's called a “win” since it's from the casino's perspective and not the player's. It's “theoretical” because a lot of factors or inputs influence the calculate of the win and therefore it can fluxuate, sometimes wildly.
Also, what percentage of people win at the casino? The average casino takes in about 6 to 8 percent of the total amount bet as revenue. This means that the remaining 94 percent is paid back out in winnings to winners.
Just so, what is actual win?
Actual Win. The monetary amount the casino actually wins from a player. There can be a large discrepancy from theoretical win (Twin) if someone hits a jackpot or if there is a savvy table games player. Also known as "casino win."
How do you calculate theoretical win?
The theoretical win for players who play Casino War is (0.0290) × (total amount wagered). The theoretical win from players who place a wager on the pass line in craps is (0.0141) × (total amount wagered).