Best Payout Online Casino Canada
If you’re eager to get started on your online gambling journey, you’ve likely done plenty of research regarding the best online casinos. 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 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.
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.
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.
Tips to Find Online Casinos with Great RTP Rates
Finding the best Canadian online casinos that actually pay out shouldn’t be a task that requires an industry expert, in fact, you should be able to do it without breaking a sweat. The tips that are listed below are perfectly suited for you if you’re more of a hands-on person.
Check if the casino is licensed
We can’t stress the importance of playing at a licensed online casino, as there are plenty of sketchy online platforms that are scattered across the internet. Online casinos that pay are generally licensed by a legitimate authority such as the UK Gambling Commission, the Kahnawake Gaming Commission, and the Malta Gaming Authority.
These authorities will ensure that online casinos won’t scam you and that the gameplay that you’re exposed to is completely fair. However, this won’t guarantee that you’ll end up with the best online casino payouts Canada has to offer.
Check out casino reviews
The biggest payout online casino can easily be found by checking out reviews on forums. Casino fans are happy to share their experiences with particular casinos, and those that are proven to be sketchy usually don’t last a long time. The best online casinos that payout is generally met with praise and those that are sub-par are generally at the receiving end of harsh criticism.
Casino reviews and forums are a great learning ground for you and you should always take a good look at what’s said about the casino that you’re interested in before signing up.
Look at online casino reports
The best paying online casinos are usually tracked and audited by third-party testing agencies. These agencies filter out the bad sites and promote the good ones that provide fair gaming and the best online casino payouts. These agencies also provide reports based on how much cash was paid to players.
Choose your casino games wisely
Even if you find the highest payout casino online, you’ll need to choose games that have high RTPs. So, it won’t make much sense to hunt down the best payout Canadian casino when you’re playing a slot that has an RTP of 72%. It’s important to understand what will provide you with more winnings, which is why we’ve provided a list that includes all of that information.
Online Casinos with the Highest RTP
Finding the best payout online casino used to be a daunting task, but in our current era, information is available at the drop of a dime. The best real money Canadian online casino is also the one that present the best online casino payouts. Below you’ll find the best online casinos in Canada that provide the highest RTPs.
Looking for the highest payout online casino Canada has ever seen? Then it’s this one. Jackpot City Casino has been ranked as Canada’s leading online casino for a long time and for good reason. This site features over 400 top-tier games and welcomes you with a C$1600 bonus. Furthermore, this casino is also optimized to work on a wide range of mobile devices which means that you’re able to play on the go. Jackpot City features a payout percentage of 97.8% and is considered as the online casino with highest payout percentage rates.
Playamo has quickly become the gold standard when it comes to having a broad selection of games. There are also plenty of banking options and this is what makes it such an attractive option. But most importantly, it features exclusive rewards that can easily be obtained via a loyalty program. Playamo features a 96.8 payout percentage.
Royal Vegas is one of the most popular Canadian online casinos and for good reason. This site features a wide range of banking methods to ensure that depositing and withdrawing is always quick and easy. You’ll also be able to take advantage of a massive C$1200 welcome bonus when signing up. Royal Vegas features a high RTP of 97.12%.
Ruby Fortune features over 600 games in a wide range of categories from classic slots to progressive table games. This online casino is a haven for beginners as it provides you with an outstanding three-tier deposit match bonus system. Ruby Fortune is well-known for its progressive jackpots that have awarded players with over C$1,000,000 in winnings. This high payout casino has a 96.16 payout percentage.
The Criterion Followed to Find the Best Payout Casinos
To find sites with the highest online casino payouts you’ll need to take a good look at all factors, as there’s no point in finding a site with a 98% RTP but it only has 50 games. Here we look at the most important factors when it comes to finding and testing the best payout online casinos. Below you’ll find our list and what makes it so important.
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.
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.
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.
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.
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.
Third-Party Testing Agencies
If you’re wondering who reviews the casinos and the games that they offer, this is the role of third-party testing agencies. Not only do they confirm the figures and the stats that have been released by the casino but they’re also responsible for ensuring that the casino is safe to use. The organizations listed below are the best in the industry and are also responsible for confirming the payout percentages that are provided by casinos.
iTech Labs specializes in providing quality assurance of gaming and gambling products in Asia, Australia, and Europe. Online casinos will usually display certificates of authentication proudly, especially if they’ve been provided by iTech Labs.
This UK-based e-commerce testing agency has been around for a long time and has been on the receiving end of plenty of awards since its establishment. This organization has proven itself to be a frontrunner in the industry and is the top choice when it comes to testing and the approval of online casinos and various e-commerce services.
Gaming Labs International (GLI) focuses exclusively on the certification and testing of gaming services. However, this organization operates according to the highest standards which make it very difficult and sometimes impossible for average online casinos to be marked for approval.
There are a handful of testing agencies around, but the aforementioned are the best in the business and you can rest assured that you’ll have a positive experience if you see their certificates on the site.
Best Payout Online Slots and Games
Finding the highest payout casinos is a task on its own, but finding the right games is just as important. Below you’ll find a list of some of the best games and a separate category for slots that will provide you with some of the highest paying titles.
Best Payout Casino Games
|Casino Game||Payout Percentage|
|Online Slots||Ranges from 92% to 98.5%|
Best Payout Online Slots
|Online Slots||Payout Percentage|
|Goblin’s Cave by Playtech||99.32%|
|Ugga Bugga by Playtech||99.07%|
|Mega Joker by NetEnt||99.0%|
|Tropic Reels by Playtech||98.95%|
|Cinerama by Playtech||98.94%|
|Triple Profits by Playtech||98.72%|
|1429 Uncharted Seas by Thunderkick||98.6%|
|Blood Suckers by NetEnt||98.0%|
|Jokerizer by Yggdrasil||98.0%|
|Good Girl Bad Girl by Betsoft||97.79%|
|Retro Reels by Microgaming||97.5%|
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.
Best Payout Casino FAQ
No, but slots are generally programmed to pay out 0 to 99% of what was wagered.
It’s the average amount of cash that’ll be returned to the player compared to what was bet.
Any online casino that pays out over 95% is considered good.