Expected Casino Loss House Edge Calculator
Expectedlossunder independently applicablehouseedge×TOTALturnover,not startingbankroll,mortality/risk or guaranteedactualloss.
Description
Expected house-edge loss depends on total wager turnover, which can exceed the starting bankroll through repeated bets.
Expected house-edge loss depends on total wager turnover, which can exceed the starting bankroll through repeated bets.1
The applicable edge is supplied rather than inferred from a game name.
When to use Expected Casino Loss House Edge Calculator
Use this tool to apply the stated expected casino loss house edge calculator operation with an explicit input and unit basis.
How to use Expected Casino Loss House Edge Calculator and how it works
- Establish the text or game convention described above.
- Enter actualTotalWageredMinorUnits, callerApplicableExpectedHouseEdgeFraction and run the tool.
- Read result.value using the output meanings below.
- If input is rejected, correct the stated type, range, ordering or alignment issue and rerun; review successful results under the declared convention.
| Input field | Meaning | Value type | Requirement |
|---|---|---|---|
| actualTotalWageredMinorUnits | Total wagered minor units, on the basis specified in the algorithm. | number | required; finite; nonnegative; nonnegative safe integer minor units; further conditions in the algorithm |
| callerApplicableExpectedHouseEdgeFraction | Applicable expected house edge fraction, on the basis specified in the algorithm. | number | required; finite; 0–1 inclusive; further conditions in the algorithm |
Require safe nonnegative integer turnover in minor units and edge fraction 0–1. Multiply without rounding; the result is an expectation rather than a guaranteed realized loss.
expected loss minor units = total wagered minor units × edge fraction Apply the declared units, ordering and branch conditions.
| Output field | Meaning | Value type |
|---|---|---|
| result | Object containing the declared output fields. | object |
| result.value | Expected loss in currency minor units, potentially fractional and unrounded. | number |
{
"input": {
"actualTotalWageredMinorUnits": 100,
"callerApplicableExpectedHouseEdgeFraction": 0.05
},
"output": {
"result": {
"value": 5
}
}
}Limitations and assumptions
The output applies the declared operation to the values you supply. Establish the measurement basis, units, coefficients and any caller-selected rules before interpreting it. The tool does not independently collect or verify observations or decide whether a model or reference applies. Quotes, odds and observed outcomes are caller supplied; this operation does not provide market data or a guaranteed financial outcome.
Supply explicit required fields with the documented types and dense aligned arrays. Unknown fields, wrong types and nonfinite numbers are rejected. Branch-specific constraints are explained above. A successful false boolean, negative signed difference, empty slice or unresolved tie is distinct from an input error. Very large inputs or outputs may be rejected by shared resource limits.
Alternative or Complementary methods
For a related operation, use Scratch Card Odds Calculator. Remaining-ticket odds require verified counts on the same sold-or-unsold basis.
For a related operation, use Roulette Payout Calculator. A roulette payout ledger uses the supplied net odds and observed win status to account for a stake.
References
Similar or alternative tools
- Scratch Card Odds Calculator
Remaining-ticket odds require verified counts on the same sold-or-unsold basis.
- Roulette Payout Calculator
A roulette payout ledger uses the supplied net odds and observed win status to account for a stake.