noun
Theo
THEE-oh
noun
1
In gambling, the estimated amount a casino expects a player to lose over time based on their typical betting patterns, used to calculate comps and rewards.
"The casino host based his comp offer on the player's theo rather than his actual results that night."
"A high roller with a big theo gets free rooms and meals even after a winning trip."
How to Use Theo
Learner’s notesIn plain EnglishA casino's prediction of how much a gambler will lose on average, used to decide how many perks to give them.
When to use it
Industry jargon, mostly used by casino staff and serious gamblers rather than in everyday speech.
Word Forms
Theos plural
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The casino host based his comp offer on the player's _____ rather than his actual results that night.