Best Payout Online Casino Canada (original) (raw)

Do you want to maximize your casino winnings? Then you should choose the best payout online casino Canada. Such sites must have favourable aspects, such as great welcome bonuses, low fees, top casino games and high safety. These are qualities necessary for the highest-paying online casino sites.

In a world where there a hundreds – if not thousands – of Canadian online casinos to choose from, it’s crucial to recognize the best payout casino Canada in a blink of an eye. And this is what we’re here to help you with. We have collected all the info on payout percentages, so you can raise your winning chances as much as possible. If you only have a minute, you can go straight to the chase and pick one of our best paying online casinos in our toplist below. Your choice!

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Best Payout Online Casino Canada Explained

To find the online casino best payouts, you need to look at the payout percentage. For some, this may not be a familiar term.

The return to player rate – usually written as RTP – is a calculation that shows how much money players can expect to receive back from their wagers over time. The RTP is applied to individual games and not really to a casino as a whole. However, some online casino sites can have welcome bonuses and free spins offers, giving you more winning chances for your money. Along with low fees and good conditions, the casino site will be the best payout online casino Canada.

As any smart player knows, the house will always have the advantage in the long run, which is why you will never find a casino with an RTP of 100%. However, at the best paying online casino, the house advantage is lower, and the player has a better chance of winning some real cash. Remember, RTP is calculated over a long time period, so it does not account for those big jackpot wins in the short term.

The payout percentage is one area where online casinos have a big advantage over their land-based counterparts. Due to lower overheads, casino sites can afford to offer much higher pay rates. In a nutshell, if you want to make the best use of your bankroll and maximize your chances of winning, then you need to find the highest payout online casino Canada.

What is the RTP?

In simple terms, the higher the RTP, the better. However, that’s not always the case, as factors like volatility will greatly impact gameplay. Casino games with high volatility often have a lower RTP but allow you to win more when you win. Online casino games with low volatility usually have the highest RTP, allowing you to win plenty of smaller wins.

We have classed these as games with RTP no lower than 96% when looking for the highest payout online casino.

Let’s look at how this works in a bit more detail, taking a theoretical casino payout percentage of 97%. This means that for every 100wagered,aplayercanexpectroughly100 wagered, a player can expect roughly 100wagered,aplayercanexpectroughly97 back over time, with the casino taking $3. Another way to look at RTP is to reverse the numbers – in this case, the 3% that goes to the casino is called the house edge. The RTP is always included in slot games but is even found in live casino games and scratch cards.

Top 10 Highest Paying Online Casinos

How We Find And Test The Highest Payout Online Casino

As we have already mentioned, finding the best payout online casinos Canada is not always the easiest task. For one thing, not all casinos display their RTP in an obvious place. And for another, some casinos claim a high payout percentage overall but may not always deliver what they promise.

That is why the team at Casino Pilot has tested and vetted hundreds of casino sites to bring you a list that includes every highest payout online casino in Canada. When you pick a casino site from our list, you know that you will be getting only the best online casino payouts. So, how do we find and verify online casinos that actually pay out according to their advertised RTP?

⭐ 1. We Check Their License And RTP

For a start, we look at the license. Reputable gaming regulators such as the Malta Gaming Authority (MGA) ensure that casino operators are truthful about their payout rates. Any site that is caught misrepresenting the RTP is liable to a hefty fine. Repeat violations result in license revocation. This is one of the many reasons that we only recommend casinos that have a full and up-to-date license from an internationally recognized licensing body.

⭐ 2. We Make Sure That Third-Party Auditors Are Involved

Another way that we ensure the accuracy of online casino best payouts is to look at external auditors. Organizations such as eCOGRA, iTech Labs and SQS exist as independent authorities that come in and test licensed casino sites. They look at the advertised RTP to make sure it matches up with reality and check the random number generators controlling the games.

⭐ 3. We Sign Up And Test The Casino Ourselves

Finally, we do our own tests here at Casino Pilot. Every one of the casinos that we list on our pages has undergone exhaustive inspection and evaluation by our team. If we suspect that a casino site is overstating its payout rates, we will not include it anywhere on our site.

🎁 Best Paying Online Casino Bonuses

All online payout casinos have their best casino bonuses and wagering requirements tied to the payouts and cashouts. Casino bonuses and free spins are a great way of extending your budget, allowing you extra winning chances for your deposit.

For example, a 100% deposit bonus, which is a common welcome bonus, will allow you to play for twice the amount of money you deposit. Of course, a set of terms and requirements will restrict some of your real money winnings, but if you’re lucky, you’ll get a little extra for your effort. Compared to playing without a bonus, you’ll have a higher chance for better payout percentages.

Overall, the highest payout casinos allow players to have a fair chance of freedom in regards to their online gambling experience. Any extra casino bonus you stumble across will provide extra chances to win, which is crucial for any casino game based on luck.

Casino Bonuses with the Best Conditions

As with anything else in life, some welcome bonuses are better than others. It’s important to not just look at the amount given but look at the conditions as well. Some important aspects to look out for are:

• Wagering Requirements - Try to find online gambling sites with the lowest possible wagering requirements to have a better chance of winning real money.
• Time Limit - Any deposit bonus has an expiration date. Make a note of it and ensure you’ll have enough time to complete the bonus before the clock runs out.
• Maximal Winnings - Some bonuses have a max cap for the amount you can win using a bonus. Finding a bonus or free spins with a high max cap can raise the online casino payout percentages quite a bit if luck is on your side.

Online gamblers are best served by comparing the bonuses offered in Canadian online casinos. This is an important step to finding the best online casino payout.

🎰 Best Payout Casino Games

The overall casino payout rate does not tell the full story. Every casino game has its own individual RTP, and many sites have a dedicated page where you can check all of them. This means that it can be worth signing up at a casino with a lower overall payout rate. As long as you single out the high-return games, then you do not lose any advantage.

A few games are best to steer clear of if RTP is a top priority. They can be great fun, but games like keno and American roulette have a higher house edge. So, which games do offer the highest payouts? Let’s take a look at some of the best payout casino games.

Online Slots

Online slots are the most popular games in any casino library, and many slot machines offer excellent player return rates. There is quite a wide range, so always check before you play. The majority of new and recent slots have RTP of 90% or more, but if you are looking for the best, find the ones offering at least 96%. Some go right up to 99%.

Another aspect of slots is the so-called volatility or variance. This is a measure of the size and frequency of payouts. Low volatility slots will pay out smaller sums more often. High volatility slots do not pay out as frequently, but the wins – when they come – can be massive. Whether you choose low or high volatility slots will depend on your preferred playing style. You can read more about the best online slots payout further below for more info.

Baccarat

Baccarat online is a classic casino card game that gained popularity in part for its exceptionally low house edge – which, of course, means a high RTP. Just avoid the tie bet, as this tends to be a sucker bet!

The theoretical return is around 98.9% for both virtual and live dealer games of Baccarat and can offer great winning chances without needing a lot of knowledge about the game.

Blackjack

Blackjack online is another card game with a great return rate. Although it is still a game of chance, you can apply some real and effective strategies in blackjack to boost your wins. For a complete novice, the RTP is around 98%. By applying a basic strategy, you can improve this to 99.5% or even more.

Video Poker

The adage that the house always wins almost does not apply to video poker. We say almost because the casino will always profit from every game given enough players and time. However, video poker is probably the only game in a casino where the player is at an advantage a lot of the time. RTP is usually 99% or above. With the application of some skill and strategy, video poker can be a very rewarding game.

10 Best Payout Online Slots

Slot Machines are the most popular games to play at online casinos. Below we have listed the 10 best paying slots to date. The list is based on the machine’s RTP. For a complete list, check out our article about the highest payout slots.

⚡ Fast Payout Online Casino

When you play at the highest payout online casino, you boost your chances of winning some cash. If you are fortunate enough to win a decent amount, then chances are you will want to withdraw it – and fast. For that, you need a fast payout casino.

Some casinos make players wait for their winnings, which can be frustrating. To avoid that frustration, choose the best online casinos that payout instantly. These sites have several payment methods that allow players to access their winnings within a few hours or even minutes.

We can recommend the following withdrawal methods for the fastest and best payouts:

• Interac
• MuchBetter
• ecoPayz
• Trustly
• Bitcoin

Interac is the most popular among Canadian players, and today, almost all sites are Interac casinos online. Transfers to banks and credit cards are always subject to a processing period of a few days and take the longest time. This is not within the casino’s control. Please note that even though the casino has the listed payment option, withdrawals might take longer due to individual protocols across the Canadian casinos.

Also, before a withdrawal can be paid out, your casino account needs to be verified. If you play at many new sites regularly, it can be good to send all the documents when registering to avoid delays once you withdraw money.

How to Withdraw Your Winnings

1. Search for the best banking method for you. Head to the cashier page in your casino and select the withdrawal option. We recommend one of the mentioned options above.
2. Decide how much you want to withdraw. You will then proceed to enter the amount you wish to withdraw.
3. Confirm your withdrawal. Make sure that the figure in your account and the figures you wish to withdraw are correct, then confirm.
4. Enjoy your winnings. Congratulations! Your winnings should be in your account instantly or within 24-48 hours, depending on the casino and withdrawal method.

Why is Speed Important?

The casino will also offer a plethora of options when it comes to depositing methods. But it is important to find a casino with speedy withdrawals and a high payout ratio.

You should, however, be cautious even if you play at a high payout casino, as this does not guarantee you are getting your money back every time you play. The best ones are the MGA casino sites, thus indicating that the casino is well managed and reputable. It also demonstrates that players are respected, plus they know what they are doing.

If you are constantly waiting for your payouts, it is probably time to move on to another casino.

Best Payout Casino Online FAQ

✅ Do Payouts Vary from Casino to Casino?

Online casinos will offer a wide variety of games to players made by different software developers, and as such, each game may not offer the same payout on multiple casinos. You can always check the game payouts in the game’s rules section. The time between your withdrawal request and reaching your account depends on the casino admin.

✅ Will my Banking Option Affect my Payout Time?

Many online casinos will offer different banking options, and different banking options can have different pending periods. Your banking method will not affect the chances of you winning. But it will make a difference in how fast your wins will be deposited into your bank account. The most effective method to use for instant withdrawals is e-wallets.

✅ What are the Highest Payout Casino Games?

Because there are a variety of games on offer in online casinos, different games offer different payouts. Progressive jackpot games will offer the highest payouts, which offer millions to players whenever they hit a winning combination. If you want regular wins, you can play classic table games as the house edge is quite low compared to other games. However, the games in an online casino with highest payout percentage tend to be slot machines.

✅ Which Withdrawal Methods are Faster?

Different banking methods have different downtimes when it comes to withdrawals. Withdrawal times depend on your location and the banking options offered by your casino. In general, e-wallets offer the fastest withdrawal times, with some receiving your amount instantly. Some of the popular eWallets include MuchBetter and Interac. Credit/Debit cards, checks and bank transfers tend to take longer.

✅ Do New Casinos Payout Better?

It depends. Some new casinos will payout better due to the simple reason that they want to attract more players. However, not every new site will do this, so make sure to check their average payout ratio.

✅ Do Online Casinos Really Pay Out?

Yes. In fact, to be compliant, all online casinos must pay out any withdrawals made. However, several rules and restrictions apply, such as your deposit must be wagered before you can make a withdrawal.

✅ What is the Highest Winning Online Casino?

We’re afraid this question can’t be answered, as no overview takes all the games, bonuses, fees and other options into account. The fact is that most safe and reliable online casinos offer more or less the same payout percentages. The main difference is the game selection and bonuses that can raise the bar.

Real Money Payout Online Casino Canada

Playing at online casino real money is a great way to relax, unwind and have a bit of thrilling fun. Making money should never be the primary objective – even at the best payout online casinos, the house always has the advantage in the long run. However, winning some money is always on the cards. And when you win, you want to be sure that you will get your cash.

There are some unscrupulous operators out there that you must avoid at all costs. These sites will do everything they can to avoid paying out to winning players. If you want to find online casinos that actually pay out, then these are the things to look out for:

• Licensed and legitimate: Never, ever play at an unlicensed casino. The licensing bodies also act as regulators, and they will penalize any site that unfairly withholds funds.
• Fair real money games: Virtual games are controlled by a random number generator (RNG). An external auditor should independently review the games and RNG to ensure they are fair and paying out at the correct rate.
• Good reputation: Casinos that pay out promptly and in full will quickly gain a good reputation with players, which is reflected in online reviews and trust scores.
• Fast payments: Instant withdrawals are more than just a convenience. The quicker a player can withdraw funds from a casino account, the less likely they will be to wager it all on more games.
• Casino Pilot recommends: Discovering all of the above casino attributes takes a lot of time and effort. It is fine to do a little of your own research, but most likely, you just want to get on and play. That is why CasinoPilot has done all the hard work for you and compiled a list of all the best payout online casinos.

Casino Payout Ratio Explained

Finding the right casino can be difficult, especially with the number of new casinos popping up each day. Each of them highlights their games, bonuses and promotions to attract players, but often the differences are minor. But there is one factor of interest to players, the pay-out ratios of the games on offer.

A common misunderstanding which many players encounter is the payout ratios offered by a casino. The casino payout ratio is the amount of money paid back to the gambler in relation to the amount staked. It is not based on the amount which a player deposits at their preferred casino. In general, the payout ratio is pre-programmed in the casino software in the factory for brick and mortar casinos. In the best payout online casino Canada, it is part of the random number generator software in the casino. The casino payout ratio is usually described as a casino payout percentage as you can use the same terms interchangeably.

If a casino advertises a high payout casino ratio of 97%, it means that whenever a player stakes C$100, the players end up with C$97. The casino payout ratio is calculated per session, while the payout percentage is calculated over a long period of time. It is important to note that there is a minimum casino payout percentage below which the casino cannot set the payout ratio for games.

Return to Player (RTP) Explained

The RTP is the term used to describe the payout power of the casino. The higher the percentage, the more often players will win. At 100%, the chances of a player winning are the same as that of the casino. If the RTP is above 100%, then it means the casino lost money to players. Below is the payout ratio formula.

RTP = (total amount returned to players) / (total amount bet by players). The total amount bet by players is the sum of each initial bet for each game round over a time period. The amount returned to a player is the net amount won by layers in a gaming session. This is, however, not considered when playing table games as the amount bet is not counted in return, just the net amount won. For the slot games, the original bet is forfeited once staked.

Because online casinos have a much higher competition than their brick-and-mortar counterparts, they often have higher RTPs. This is because, unlike the physical casinos, which compete with geographical rivals, they compete against the global market. This is why it is not unusual to find physical casinos with RTPs of 80%, while online casinos will have upwards of 90% RTP. The RTP is also the opposite of the ‘House Advantage’ as the latter indicates the percentage advantage to the casino.

Summary Of Best Payout Online Casinos

When looking for the best payout casinos, always ensure that you have done your research properly. Many online casinos will advertise their casino among the best payout casino sites, but there are certain elements you have to check before settling for a particular casino. The first aspect you should check is whether the casino is registered with a government organization, which indicates that the casino is reputable.

When in the casino, always check the amount the casino has paid out to the customers. If the amount is higher, then this means that they are actually credible and will pay out your wins. If by any chance you find that the amount is low, then this means that they are actually could be facing possible financial difficulty and may delay your payouts. You should also check if there are multiple payment options in the casino as some banking methods are not available in certain countries. Always ensure that your preferred method is listed before proceeding to play in the casino.

Also, check on the Return to Player Percentage of the casino compared to the casino’s number of games. A wide variety of games means that you have multiple games to play. One element that should never be overlooked is the freedom to manage an account, thus delivering a fast-paced and secure casino experience regarding banking methods. The casino should also have a higher casino payout percentage. By following this guide then you are bound to find a high payout casino.

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Petricia holds the position of Casino Review Manager. She is a gambling expert with more than 10-years experience in the casino Industry.

22/10/2021