On today’s episode, Jeff B returns as a guest on the show. Jeff is a gaming expert and also the owner of Action Currency. Jeff is going to talk a bit about Casino THEO. If you’re not sure exactly what THEO is, THEO is basically your theoretical loss to a casino. Casinos award comps based on a player's theoretical loss, or “THEO" for short. The theoretical loss is the amount of money a player is expected to lose based on the long run statistical advantage the casino has on the particular game being played. In this episode, we give a brief introduction to THEO and why you should care about it.
Key Points From This Episode:
• Jeff explains actual versus theoretical wins.
• How do you measure for the THEO?
• Why you should care about your THEO.
• Max Rubin’s Comp City
• Learning how the casino thinks.
Links Mentioned in Today’s Episode:
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