Expected Average Loss When Playing Online Casino Games
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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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