Best Payout Online Casino Canada
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Best Payout Online Casino Canada

Author: Mr Socios

Best Payout Online Casino Canada

If one of your goals to play at online casinos in Canada is to claim the maximum winnings, then you'll definitely want to play at the best payout online casino in Canada. These are online casinos that offer the best payout online and feature the highest payout casino games.

It can be hard to determine which online casinos will net the highest payouts and provide a great average payout rate. So, to learn how to find the highest payout casino games and understand casino payout percentages, read on to educate yourself on the best payout online casinos.

What Are Casino Payout Percentages?

When you take the number paid out on winnings and compare it with the number of wagers placed, you get what is known as the casino payout percentage. An online casino may make this calculation in two distinct ways. Either the online casino will calculate a casino payout percentage on an individual game, or generate an overall payout percentage based on every available game that features real money wagering. The payout percentage will naturally vary between different online casinos but most Canadian players don't even think about it.

Now if you intend on reaching the best payouts then you'll need to take these payout percentages into consideration. It makes sense to take the payout percentage seriously - after all, it could be the difference between significant returns or a load of losses. The online casino payout percentages are there for your benefit, so why not take advantage of them. You can do some simple math when reading payout percentages.

For example, if online casino sites proclaim a payout percentage of 98%, then Canadian players can expect to win $98 for every $100 they wager. The math of course is based on an infinite amount of play and using the most optimal strategy. Of course, this assessment is based on a very large number of wagers and you may win more or less than expected.

Top 5 best payout casinos

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PlayOjo Casino

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Best Payout Casino Games

Now when you go in search of the casino payout percentage, you'll need to look out for the term 'Return to Player' too. While payout percentages will vary between the different casinos, so will the highest payout. Just because a casino game has a high payout, it doesn't mean it is the best casino game to play.

Some games will offer a better return to player payout percentage than other games. For example, online slots generally have an RTP of 92-98%, whereas blackjack typically has an RTP of 99%. We can take a closer look at payout percentages of some of the best casino games at online casinos.

Blackjack

Back in the day, it was even lower than land-based casinos because online casinos used much fewer decks. However, in recent times most live dealer blackjack games use 8 decks to a shoe - much like a typical Vegas casino. The house edge is still low at around 0.28% and a return to player of approximately 99%.

Baccarat

There are a couple of choices when playing Baccarat, that can affect your payout percentage - whether you back the dealer or the player. The player typically has a 1.36% disadvantage, meaning the dealer has a 1.36% house edge. Online casinos are very aware of this house edge, and that's why there is usually a 5% tax on bank wagers. However, even with the tax, the payout percentage is very high at 99.8%.

Worth noting that many online casinos with top payouts offer Live Baccarat as one of the casino games with the highest maximum wager. You shouldn't have a problem finding a table where you can lay down the big bucks at the best payout online casino in Canada!

Roulette

Now if you pay attention to your roulette game types, you'll know that a single '0' can make a world of difference when it comes to payout percentages. European roulette has a house edge of 2.7%, as opposed to the American roulette house edge of 5.26%. So, if you're looking for a roulette table with the highest payout, you'll want to stick to European Roulette.

Poker

Poker is one of those casino games where you stand a real chance of winning because of how much skill is involved over plain luck. The sheer skill required to win in most poker games puts the player at a severe advantage over the house. However, it's not just the house you need to consider in this casino game - you often compete against other players, like in casino hold'em. For this reason, you'll rarely find an RTP attached to a poker game at a reputable online casino. The game is too volatile and relies so heavily on skill. If you have watched even a minute of the World Series of Poker, you'll know this game has some astronomical payouts from time to time.

Online Slots

Online Slots are a mixed bag of payout percentages and will vary between games. The payout percentages at online slots are significantly higher than their land-based counterparts. You will find that the best online casinos will provide slots with a payout percentage of 95% or higher. The highest payout percentage online slots are usually exempt from completing wagering requirements for obvious reasons at the best payout online casino in Canada.

Progressive Jackpot Slots

When it comes to massive payouts, you cannot ignore progressive jackpot slots. Rather than a fixed slot like most other online slots, these casino slot games have a progressive jackpot that increases every time a player places a wager within the game. But it's not just tied to an individual's play - oh no, progressive slots can be tied to all players on a single game in a huge global network. As such, some progressive jackpot slots can reach the tens of millions - just look at Mega Moolah slots that have resulted in some monstrous payouts. If your casino dream is to become a millionaire overnight, then progressive slots are how you would achieve that!

Video Poker

Some video poker games have some seriously low house edges. Take casino classic, Jacks or Better, for example with a house edge of 0.46%. Other video poker games such as Double Joker Poker, 7s Wild, or Aces and Faces have even lower house edges. Deuces Wild video poker has a huge payout percentage of 99.99% and the Double Bonus Poker has a payout percentage of 100.17%!

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Casino Bonuses of a High Payout Online Casino

The best payout online casino in Canada will offer some pretty fantastic casino bonuses too. They are offering high payouts and will want to keep you playing. There is no better way to achieve that than with a great casino bonus like a welcome package, free spins, or some cashback bonuses. You don't want to head into a high payout online casino in Canada blind, so let's be sure you know all there is to know about casino bonuses.

Welcome Package

The welcome bonus is the largest casino bonus that you'll be offered at a high payout online casino. It is an incentive to play at that particular online casino. A welcome bonus gets the players in but it's the high payout that the players stick around for. The welcome package could be a deposit bonus, a free spins bonus, or even a combination of the two. Sometimes highest payout casinos will even offer no deposit bonuses where players will be rewarded just for signing up at the online casino.

Deposit Bonus

A deposit bonus is a reward of bonus money when players make a deposit at a high payout casino site. Most deposit bonuses will either be a reload bonus or a welcome bonus. An example of a welcome deposit bonus would be 100% up to $800 - in this case, a deposit of $800 would result in an extra $800 in bonus money being rewarded to the player.

This is a great way to play some casino games for free and test the payouts of particular online casino games. As with most casino bonuses, there is a wagering requirement on a deposit bonus. You'll typically be expected to wager the bonus amount a set number of times before it is considered real money.

Free Spins Bonus

Free spins are among the most popular casino bonuses at high payout online casinos. They are exactly what you think they are - a free spin at a slot game. Many of the best payout casinos will offer free spins as part of a larger welcome package. For example, you might see a bonus of $500 + 200 free spins at the best payout on online casino Canada. Most slots that are featured in a free spins bonus will be of a lower payout percentage - say 94-95% and higher return to player slots will usually be exempt from wagering requirements of free spins bonuses.

Reload Bonus

Big payout casinos regularly offer many reload bonuses to their casino players. These bonuses won't be heavily advertised, but you can locate them in the promotions section of your favourite online casino in Canada. This bonus is a kind of match bonus and will ask the player to make several deposits to complete the bonus. For example, you might find a reload bonus offered like the following, reload bonus up to $1000. The bonus amount can be claimed over several deposits in the following steps

  • Deposit 1 - 100% match bonus up to $500
  • Deposit 2 - 50% match bonus up to $300
  • Deposit 3 - 50% match bonus up to $200

To obtain the maximum bonus amount on the 2nd deposit you would need to make a deposit of $600. To reach the maximum bonus on the first deposit you would need to deposit $500. This kind of bonus may be familiar as some welcome bonuses are offered in this fashion.

Cashback Bonus

The cashback bonus is excellent for those who want to continue chasing hefty payouts. So, what is a cashback bonus? It is a reward of bonus money or even real money for making wagers at the best online casino. You'll find this bonus is most often offered to VIP players. Most often a cashback bonus offer is a return of losing wagers to the tune of about 5 - 10%. So, for example, you might see a cashback bonus like the following

10% cashback bonus on losing wagers in online roulette up to $50. So for this bonus, if you placed $500 worth of losing wagers you would net $50 in cashback bonus money. Now depending on the cashback bonus that amount will either be bonus money or real money. If it is bonus money it will be subject to a wagering requirement.

Loyalty & VIP Program

Online casinos with very high payouts tend to offer a VIP program to their loyal customers. A VIP or Loyalty program is a system in which players can earn points towards increased VIP status and claim new and exciting bonuses, prizes, or added perks. You'll find faster payouts is one of the common perks of a VIP program - perfect for those seeking the maximum payouts at online casinos. Besides that, a VIP program will usually offer extra bonuses, such as free spins and cashback offers, and treat you like a high roller with a personal casino host and more.

Fast Payout Methods

If you're nailing some great casino game payouts, you'll also want to claim that real money as quickly as possible. The best payout online casino in Canada won't stifle your options and offer as many fast banking options as possible to their loyal players. There are a great many deposit and withdrawal methods available to Canadian players, and many of them offer fast payouts - in fact, some methods such as cryptocurrency payments allow for instant withdrawals.

Visa & Mastercard

One of the most common payment types at top Canadian casinos, Visa & Mastercard offers speedy debit and credit card payments for deposits and withdrawals. Whilst, not the fastest method available, it is possible to receive a payout within 48 hours at the best payout online casino in Canada.

e-Wallet

If you're after fast payouts, then you can't look past e-wallets. Besides advanced security features and instant deposits are seriously fast withdrawals too. Most online casinos will process e-wallet withdrawals within 24 - 48 hours. Look out for PayPal payments if you can, whilst not as common as it once was, PayPal withdrawals are usually instant.

Cryptocurrencies

When it comes to fast payouts, nothing will beat cryptocurrencies. This virtual currency is incredibly secure and most online casinos will process withdrawals autonomously - that means withdrawals can be in your crypto wallet within minutes! Cryptocurrencies are growing in acceptance too, so it's not as hard to find the best payout online casino in Canada that accepts your Bitcoin, Litecoin, Ethereum, or even Dogecoin!

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Customer Support

Thankfully, online casinos with high payouts are generally casinos of high repute and are trustworthy. That means they offer a fantastic customer support section. You should expect 24/7 or at the very least 24/5 support - we can give them the weekend off! Make sure the high payout casino offers customer support through several different channels and that you can always access a real-life agent. High payout casinos will be responsive - emails should be returned within 24 -48 hours and the live chat is typically well optimized to get you to the right department.

How to Find the Highest Payout Online Casino?

You'll be glad to know that online casinos are held accountable for the payout percentages that they claim. Regulated and licensed online casinos have their payout percentages audited and verified by independent bodies such as eCOGRA. So, the highest payout online casino won't be able to fabricate their payout percentage claims. You should always check that online casino claims have been independently audited by an impartial third party. Our honest recommendation and advice are that if the online casino payout percentages cannot be supported, you should not play at that online casino in Canada.

How Do We Test A High Payout Casino?

We are very strict in our testing of high payout casinos as we know you put your trust in our recommendations. Therefore, we will be transparent in how we test the highest payout online casinos. We made sure every casino used 128-bit SSL encryption, as a minimum, and that they all hold and have maintained reputable online casino licenses. There are some further essential factors that we considered when ensuring our choices were legitimate highest payout online casinos. These are the same considerations you, as a player, should consider before choosing to play at a new casino you think offers the best payout online in Canada.

Legitimacy

First and foremost, we thoroughly checked that the best payout online casinos were legitimate in their payout percentages claims and that they all held reputable online casino licenses. We made sure that the best payout casinos were audited by trusted third-party organizations such as eCOGRA. This means that every casino we tested held a reputable license and has undergone rigorous testing of both their business and casino gaming practices.

Security

When it comes to bigger wagers and chasing the highest payouts, security is a pretty important factor. We made sure that all our selections protected users' data with 128-bit SSL encryption and, in some cases, the casinos provided 256-bit SSL encryption. The best online casinos that payout all go above and beyond to protect your data. If you play at an online casino offering serious payouts, you can be sure the security is top-notch too!

Payout Speed

High payout rates are all well and good, but we know that you want to take home your real money winnings as quickly as possible. We conducted a thorough analysis of the payment methods offered by high payout online casinos. Our reviews made sure that the high payout casinos provided payout speeds of a maximum 3 days and many were able to provide instant banking options.

Mobile Online Casino

We know you guys like to play on the go, so we made sure to check the quality of each casino site's mobile optimization and dedicated mobile apps. The best payout mobile casino sites were all able to offer as much content as their main casino site counterparts as possible and provided smooth, seamless gameplay. The decision is up to you on whether you choose to play at the mobile app casino site or within the perfectly mobile-browser-optimized casino site instead.

Welcome Bonus

The welcome bonus is important. It can be the difference between a poor opinion of an online casino and a great start! We make sure the welcome bonus is both bountiful and reasonable to claim some real money winnings. A welcome bonus is much like a first impression, and high payout casinos go out of their way to make the best impression possible.

Advantages and Disadvantages of Best Payout Online Casino Canada

We think the advantages of a high payout casino far outweigh the disadvantages. We, however, understand how all the math and statistics can be too much, and sometimes you just want to play blackjack, simply because you like blackjack! In case you have been wondering, we have compiled the best and worst aspects of the highest paying online casinos.

Advantages

  • High Payouts - Well, duh, right? Higher and better payouts mean more chances to win and larger wins. Can't get a better advantage than that really. At the highest payout casino, your chance of winning is above 90%.
  • Fast payouts - These very same casino sites offer quick payouts. That means you can collect your real winnings in record time. The longest you'll wait is about 2 days and that's nothing!
  • Quality Operation - Online casinos with the best payouts are also online casinos that offer a fantastic casino platform with a massive selection of games and features.
  • Win from Bonuses - Higher RTPs and payout percentages mean you stand a better chance of converting bonus money into real money from a deposit bonus at the highest payout online casino.

Disadvantages

  • Despite massive million-dollar jackpots, nothing says the progressive jackpots are actually going to payout at any particular rate.
  • Average payout rate, payout percentage, and such statistics are calculated over a great number of games. As such, it isn't the most accurate reflection of winning chances.
  • We're still talking about games of chance, so no matter where you play, the odds are against you.

Best Payout Online Casino Canada - Final Thoughts

If big real money winnings are the motivating factor for playing at online casinos in Canada, then you'll certainly want to seek out the best payout casinos. It just so happens that high-paying online casinos in Canada are among the very best and offer Canadian players many excellent features. We completely understand why you'll be looking for Canadian online casinos with the best payouts and know that you'll find only the very best with our guidance.

Best Payout Online Casino Canada - FAQ

What is the House Edge?

The house edge is a mathematical equation used to determine the advantage that the casino has over a player in a specific casino game. It is a way of determining the odds against you. Casino games with a low house edge are considered to be easier to win than those with a higher house edge.

What is Considered a Good Payout Percentage?

We would consider payout percentages of 96% or higher to be rather good. The best payout online casinos offer games with payout percentages of 98 - 99%. The payout percentages will vary between casinos and online slots will typically provide the highest return to players.

Will Payouts vary from Casino to Casino?

Yes, they will. Since online casino sites offer casino games from a variety of software providers, no two casinos would have the same overall payout percentage. The percentage among common games will be similar but not the same. You can always check with an individual game for the payout percentage.

What are The Highest Payout Games?

Again, the variety of games mean the payouts can vary greatly. However, progressive jackpot slot games have the highest payouts since players can win tens of millions with a single spin. Regular wins, however, can be obtained through a game with a low house edge. For live casino gamers, baccarat offers some of the highest betting maximums of any live dealer game.

What Does RTP Mean?

RTP stands for Return to Player. It is a mathematical calculation that determines the percentage of all wagered bets that will pay back over a set amount of time. For example, an RTP of 90% means that wagering 100 $1 bets, you should receive $90 back. However, this statistic is calculated over thousands of spins, games, or rounds, and does not mean you'll receive most of your money back no matter what.

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