Best Payout Online Casinos for Real Money

If you’re eager to get started on your online gambling journey, you’ve likely done plenty of research regarding the best payout online casino in Canada. However, there are probably a few factors that you’ve overlooked, and one of them is what makes the best payout online casino Canada. Before you can venture down that rabbit hole, you’ll need to find Real money online casinos that payout. Canadian real money casino payouts are likely the most important part of online gaming, as this will ultimately determine your level of success.

Top 10 Best Payout Online Casinos For Canadians

1

C$2,000Bonus

200Free Spins

Overall Rating: 4.9/5

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• Best paying online casino
• Generous welcome offer
• Sweet collection of slots and games

Payout 96.54%

Min Deposit C$10 500+ Slots

Deposit Options:

2

C$2500Bonus

150Free Spins

Overall Rating: 4.5/5

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• Same-day withdrawals
• An impressive slot collection
• Accepts Bitcoin and cryptocurrencies

Payout 97%

Min Deposit C$20 4,000+ Slots

Deposit Options:

3

No WagerBonus

80Free Spins

Overall Rating: 4.4/5

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• Super fast payouts
• Accepts all top payment methods
• No wager welcome bonus!

Payout 96.78%

Min Deposit C$10 500+ Slots

Deposit Options:

4

C$500Bonus

500Free Spins

Overall Rating: 4.6/5

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5

C$1,600Bonus

Daily Promotions

Overall Rating: 4.9/5

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6

C$1,500Bonus

120Free Spins

Overall Rating: 4.9/5

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7

C$750Bonus

Daily Promotions

Overall Rating: 4.8/5

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8

C$1,000Bonus

100Free Spins

Overall Rating: 4.7/5

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9

C$1,000Bonus

200Free Spins

Overall Rating: 4.8/5

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10

C$1,500Bonus

100Free Spins

Overall Rating: 4/5

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How To Choose A Best Payout Casino?

Finding the highest payout online casino Canada isn’t as daunting of a task as it might seem. This is due to sites, specifically our site, being here to help you and provide you with all of the information needed to find success online. Here we’ll be discussing everything relative to online casino with highest payout percentage. You’ll also find information regarding finding online casinos with the best payouts and things to look out for before joining an online casino. If you are looking for Canada’s fastest payout online casino, head over to the page where we discuss just that.

Best Payout Online Casino – Return To Player (RTP) Explained

Before you get started, you’ll need to have a clear understanding of what an RTP (Return to Player) or payout percentage is. One thing that all online casinos like promising are the chance of walking away with huge winnings, and that’s understandable, as most legitimate online casinos will provide you with a fair opportunity to do so. However, anyone that has a good head on their shoulders will know that this isn’t exactly true, and instead of putting your cash on the line to test that theory, all you’ll need to do is take a look at the casino payout percentage.

What you need to understand is that there are two types of games that are found at online and land-based casinos, games of chance and games that require a skill. Games of chance are slots, roulette, baccarat, and craps. Whereas games of skill are poker and blackjack (to some degree). Games of chance come with an RTP or payout percentage attached to them. This means that the chances of winning have already been predetermined by those that have tested the game.

To find success in games of chance, you’ll need to play games with the highest payout percentages. This will give you a better chance of walking away with large wins and the lowest possible losses; however, this doesn’t mean that you can head to a slot game and start betting the maximum amount and expect to win. Regardless of the size of the payout percentage, the possibility of not winning remains a consistent factor.

How the Payout Figure is Calculated

The payout percentage will usually be displayed within the terms and conditions of the casino or on the home page. If you don’t see any of this information, you should stay away from the casino. But you’re probably wondering how they’ve come to the percentage that’s displayed. The formula that’s used for calculating the payout percentage at online casinos and the games that are offered is simple and it looks like this:

Winnings / Deposits x 100= Payout Percentage

Example – If an online casino has a payout percentage of 97.2%, it means that if you made a deposit of $100 and placed a consistent number of bets of $1, you’ll get back $97.20 over a long period.

However, this can get more complicated with games, especially slots, as you can have two slots with an RTP of 95% but how they payout will be night and day. This is where variance becomes a factor. Games with low variance will feature small payouts that will take place frequently over a short period. Whereas, high variance games will provide much larger payouts, but it will be inconsistent.

A good factor to keep in mind is that no casino games will payout regularly, and you should always expect to experience dry spells. This is where RNGs (Random Number Generators) come in. But these aren’t the only factors, as there are other features to consider such as paylines, in-game features, side bets, and more.

Finding the best paying online casino Canada is a task that not everyone is suited for, but below you’ll find some tips when it comes to locating the highest paying online casino.

Welcome Bonuses and Packages

One of the first things that’ll catch your eye when you’re looking at an online casino is the welcome offers and the bonuses that are offered. However, not all are created equal and there are different kinds of bonuses, each one equipped with a wagering requirement. If you’re not sure what a wagering requirement is, it’s essentially a set of criteria that has to be met before you can cash out your winnings that you’ve claimed from the bonus.

There are three main types of bonuses.

• Deposit Match Bonuses – This bonus will provide a particular percentage of cash back to you once you’ve made a deposit. For example, a casino could offer you 100% deposit match up to the value of $1,000. This means that you’ll get back the same amount of cash you’ve deposited, but this only applies to amounts of $1,000 and below.
• Welcome Bonuses – This is also known as the new player bonus and it’s the most common type of casino bonus. The average size of this will be between $100 and $150, but you can find larger bonuses that will be awarded to you over a longer period.
• No Deposit Bonuses – These are the smallest bonuses and the great thing about them is the fact that you don’t have to add anything to your account to get them. They’re usually around $20 and are essentially an incentive to kick start your journey.

Wagering Requirements

However, you need to understand that casinos are businesses and all businesses are in it for the money. Hence, the bonuses that you receive will have a wagering requirement. A wagering requirement is a multiplier system that represents how many times you’ll have to play with your bonus amount before you’ll be allowed to make a withdrawal.

For example, if an online casino has a 20x wagering requirement on a $10 bonus, you’ll need to make bets totaling C$200 before you can make a withdrawal. Some casinos will present huge bonuses to you, but it’s your responsibility to find out what the wagering requirement is. This will generally be found in the terms and conditions or the promotions tab of the casino. But it’s best to decline the bonus offer if the wagering requirements are too high.

Game Variety

The game variety that’s offered by the casino is one of the most important factors to consider. An online casino might have a beautiful design, the highest payout percentages, or even the best bonuses, but this counts for nothing if there are hardly any games to play. There are plenty of sites that rely on slots, and you’ll quickly realize that this isn’t a good thing, as you’d eventually want to play something else.

A good balance of slots, table games, live casino games, and some miscellaneous titles will make for a positive experience and this is what we look out for. 400 games in different varieties will always be better than 1000 of the same kind.

Security

The online site you’ve chosen has to be incredibly secure and there’s no way that we’ll recommend a site that doesn’t have good security measures in place. Our favorite type of security comes in the form of Secure Socket Layer (SSL) encryption, which is virtually unbreakable and requires two people to unlock. Standard firewalls are great, but this isn’t enough, which is why we’re always looking for the best security measures so you can game in peace.

Licensing

All online casinos must be licensed and the type of license it has mattered. Sites that aren’t licensed or don’t display their licensing authentication on their homepage need to be avoided. The licensing jurisdiction is responsible for ensuring that the casino follows all of the rules and operates according to industry standards.

Best payout casino online – Conclusion

The highest payout online casinos won’t guarantee that you walk away with stacks of cash, but they’ll increase your chances enough to ensure that it makes a noticeable difference. The right games paired with the right casino will always result in a positive gaming experience, and if you’re looking for the right casino, the list that we’ve provided should be more than adequate.

There are a variety of factors to consider, as it’s impossible to consider only one factor when choosing a casino. Overall, always check for licensing, great games, enough casino banking options, and testing before making any commitments to an online platform.