What a slot session really costs, how likely you are to go bust, and what the casino should be giving you back.
Your session
Your slip
Every spin, the machine keeps a slice of the bet on average: the house edge, which is 100% − RTP. Your average cost is bet × spins × house edge. That same number is what the casino calls your theo (theoretical loss), and it's what they base comps on.
Swings come from volatility. We model a session's result as a bell curve with that average and a spread of volatility × bet × √spins, then ask how often the curve crosses your bankroll before time runs out. Real slot results are lumpier than a bell curve, so treat the bust chance as a guide, not a guarantee.
Return-to-player figures are typical published ranges, not a specific machine. The same game can be set differently from one casino to the next.