Expected Average Loss When Playing Online Casino Games
Overview
This article focuses on calculating the expected average loss when playing online casino games, providing a formula and tools to help players stay in control of their spending.
- Overview of the importance of calculating expected average loss in online casino games
- Formula for calculating average loss based on bet size, house edge, speed of play, and total hours of gameplay
- Highlighting the games with the biggest average losses, particularly emphasizing the risks associated with playing slots
- Importance of knowing your expected loss to play responsibly and advice on setting limits to stay in control
Understanding your expected average loss in casino games is crucial for responsible gaming, with tools and advice provided to help players make informed decisions and avoid excessive losses.
Be in control at all times by knowing how to calculate your expected average loss in online casino games. Silentbet shows you how.
Average Loss Calculator
Calculate any casino game’s expected average loss in under 1 minute using our calculator:
What is the Formula for Average Loss?
The formula we use for calculating average loss is:
- Bet amount per round (bet size) x house edge (HE) x speed of play x total hours of gameplay
Mind you, the speed of play means the number of rounds you play per hour. And the bet amount should be the average bet size during this time.
Katerina Gadzheva, seasoned player & iGaming writer
Use our formula to calculate potential losses in online casinos yourself.
Which Casino Game Presupposes Biggest Average Loss?
It is quite subjective to make an estimate. You can lose the most by a single hand of poker, blackjack or baccarat. At the same time, the number of games you can squeeze in 1 hour is limited compared to the slot rounds you can bet on during the same time.
Even according to Investopedia, playing slots has the worst odds: one-in-5,000. (Source) No wonder why the biggest average losses come from slot machines (online or in brick-and-mortar casinos).
Even our Average Loss calculator shows that slots will result in the biggest loss streaks.
Why Calculating the Expected Average Loss is Important?
Knowing how much you stand to lose will help you play more responsibly. You will see that the expected loss amount increases with the time you spend playing casino games. So, our advice? Choose sites like BC.Game where you can set cool-off periods to stay in control of your game.
Katerina Gadzheva, seasoned player & iGaming writer
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Disclaimer: Silentbet does NOT endorse reckless gambling. All opinions here are our own, and though tested in real life, these calculations might not apply in certain scenarios.
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