When the actual/experienced house edge or player edge considers the total wager and profit/loss, that means the actual/experienced house edge is determined by the total number of bets a player has won or lost, right?
You’re correct on this one, actual house edge is based on the total loss/profit on all players wager on the casino within a specific period. Casino doesn’t often display the live RTP to the public and just display the theoretical RTP.
No, the theoretical house edge is a mathematical / statistical value wihich the casino does not deduct from every bet!
My assumption is just theoretical too for deducting house edge on bets just to come up with the theoretical house edge or to make it simplify on how house edge work.