Expected loss
Estimate long-run theoretical cost from wager, pace, time and the matching house edge.
Total action: $2,500.00$67.50theoretical expected loss; not a session forecast
Estimate theoretical casino loss from wager size, house edge, rounds per hour, and playing time. Includes the formula, assumptions, and interpretation.
Estimate long-run theoretical cost from wager, pace, time and the matching house edge.
Expected loss equals average wager × decisions per hour × hours played × house edge. For a $25 wager, 50 rounds per hour, two hours, and a 2.7% edge, total action is $2,500 and expected loss is $67.50.
Use the edge for the exact wager and rule set. The result is a long-run average, not a prediction of what one session will lose.