Best Paying Online Casinos in Canada
Generally, many of the best paying online casinos can be found operating in the Canadian iGaming industry. The authenticity of this claim can hardly be disputed because Canadian online casinos are known widely to offer better payouts, and by all accounts are more generous than online casinos in other countries. If you’re interested in learning about the highest payout online casinos in Canada, read this article to find out more.
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Guide to Finding the Best Paying Online Casinos
Canadian players ought to first understand that casinos with the highest payouts have a combination of characteristics that make them stand out. They first of all tend to have an overall RTP (return to player) of at least 96%, are made up of individual games with high RTPs, and lastly, their withdrawal times are fast so that players can cash out winnings in very little time. The guide below highlights the ways players can discover the best payout online casino Canada has to offer.
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Research and ReviewsExpert reviews are a pretty great way to find the best payout casinos in Canada. Top online casino experts do their best to carefully check, test, and curate the highest paying online casinos, then go on to provide unique recommendations based on this research.
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Licensing and RegulationIt is extremely important to consider the legal implications of gambling at any online casino. When making a selection from the best online casino payouts, focus only on reputable online casinos that are regulated and duly licensed by a well-known gambling jurisdiction.
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Game SelectionResearching, reading, and checking out the details of games in an online casino’s catalogue is essential. In all honesty, many online casinos want their games to leave players in a disadvantaged position. After all, their goal is to make some money off you. It’s therefore best to not only understand RTPs, the rules of a game as well as the terms & conditions attached to it, should be understood. This can inadvertently result in getting the most out of the games.
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Return to Player (RTP)There are two vital aspects to this – the first is checking the overall RTP of the online casino, and the other is checking the RTP of individual games in the casino. Usually, these values would be displayed clearly on reputable online casinos. Take note that an RTP of at least 96% is considered good enough.
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Payout SpeedThe total withdrawal time for winnings is a critical point to consider before choosing the best payout online casinos Canada has on offer. Different payment methods usually have varying withdrawal times, but they must all be within reasonable limits.
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Customer SupportA great casino that takes the interest of its users as a top priority will have very responsive customer service channels. Players need to be confident that their queries are treated timely, accurately, and with seriousness.
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Player FeedbackIn addition to paying attention to expert reviews, feedback from players is equally as important. Users can find real player reviews, complaints, and recommendations on our website.
List of the best paying online casinos for Canada
The Canadian iGaming industry industry is very competitive, with the ever-increasing number of online casino platforms fighting vigorously to remain relevant. In addition to putting together a great collection of quality games, one other way they try to score more users is by being part of the elite group of top payout online casinos in Canada. Almost every casino enthusiast is on the lookout for online casinos that offer the highest payout percentages.
The payout percentage is by design a combination of multiple factors and although some might assume that an RTP is what makes up the entirety of this percentage, this is inaccurate. The overall payout percentage is determined by the RTP, volatility, house edge, and withdrawal times. Both the RTP and house edge are inversely proportional to each other, meaning that the higher the RTP, the lower the house edge. So for example if an online casino has an RTP of 96%, the house edge will be 4% – this type of scenario is great for players.
Volatility on the other hand is one factor that many players tend to gloss over and not take seriously. But since the volatility of games is what determines the frequency of wins, then this is also very important. There is still however a catch here. Even though lower volatility means that players will win more often, it also means that the amount earned from these wins will be small when compared to those from games with high volatility. In essence, high-volatility games are high-risk with huge wins, while games with low volatility are low-risk with small wins.
Categorically, the best paying casinos can be grouped according to the following below:
Best RTP slots
Safest casino
Most live games
Discover the Best Payout Percentages for Online Casino Games in Canada
Best Payout Casinos
Last update: October 14th, 2024, 11:58 am
As previously stated, the best payout percentages are a combination of several important factors. When choosing from a list of the highest payout online casinos, it’s also essential to consider the games in their portfolio because different casino games have different payout rates. One of the best methods for determining these rates is by looking for relevant information after clicking on the game. Another way to get this is by visiting the game provider’s website.
In theory, the higher the RTP percentage, the better it is for players overall. But still, players should not rely solely on this percentage when working out exactly how much money can be won from each game. The main reason behind this is that return-to-player (RTP) percentages for each game are calculated over a multiple number of rounds, so users who only play for a short period will very likely be unable to achieve the RTP set for that particular game.
In terms of games, different types are known to have much higher RTPs than others. For example, table games and video poker games which require more skill and strategy, come with high RTPs while slots with generally lower RTPs are much easier to play. Below are some of the best payout percentages at Canadian casinos:
Game Category
Game Titles
Average RTP
Note
Slot Machines
Sweet Bonanza
Wheel of Fortune
Wizard of Oz
Book of Dead
Thunderstruck 2
92% – 98.50%
Slot games are easy to play but the payout percentages are always low. However, some bonus features in some slots can increase the rate to above 98%.
Video Poker
Aces and Faces
Deuces Wild
Double Joker Poker
Jacks or Better
7s Wild
99.50%
The games in this category offer one of the highest possible payout percentages, with the house edge on some games being as low as 0.46%
Blackjack
Lightning Blackjack
99.40%
Blackjack is also noted for having one of the best payout percentages at Canadian online casinos.
Roulette
European Roulette
Double Ball Roulette
VIP Roulette
94.74% – 97.30%
Although roulette games are fun, their payout rates are not as much as other table games.
Live Games
Mega Wheel
Hold’ Em Live
97.17%
Bettors seeking a more realistic casino gaming experience can opt for live games. The payout percentages are fair enough on average.
Last update: October 14th, 2024, 11:58 am
Best payout online casinos: Advantages and disadvantages
The best paying online casinos in Canada all have one thing in common – they come with their own sets of advantages and disadvantages. We usually advise players to ensure they are aware of what they stand to gain as well as what they could lose when playing at online casinos. The highest payout online casinos will try to outdo the competition by offering more game varieties, faster payout speeds, higher levels of security, and so on, but don’t rely solely on this.
This section provides some key positives and negatives that are to be expected when looking for the best payout casino Canada has on offer.
Pros
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Generally, the best payout online casinos offer players a better chance of winning more often in the long run. With a robust collection of exciting games in different categories, the likelihood of earning consistently is quadrupled.
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Players who choose to play at only the highest payout online casinos are fortunate enough to access casino games with high RTPs. Not only are these games profitable, they are built with the satisfaction of players in mind.
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One major advantage of playing games at the best payout online casinos is good security protocols from regular audits. To keep the games fair and advantageous to players, auditors like eCogra assess the RNGs consistently to check for transparency.
Cons
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Remember how we talked about game volatility earlier in this article? Well, this is a setback players face at some of the best payout casinos online in Canada. With higher volatility games, players tend to lose more frequently, even though wins are huge whenever they get lucky.
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Because there are several methods available in different online casinos for performing transactions, the withdrawal times can vary greatly. Players have to accept the withdrawal times associated with their chosen payment method, which may be slow through no fault of the casino.
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Jackpots are a sure way to score bankable wins at the best payout online casinos Canada. However, jackpots are famously known to skew the payout rate numbers.
What are Casino Payout Percentages with examples
Casino Payout Percentages
Last update: October 14th, 2024, 11:58 am
By simple definition, The payout percentage found in the highest payout casino online refers to the amount of real money a player can win back over some time. This is normally expressed as a percentage of the total amount of money initially wagered by the player. By comparing the proportion of money spent by players to the amount paid out by the online casino in winnings, the return-to-player (RTP) percentage is easily calculated.
Individual games such as slots, video poker, and live dealers, also have their payout percentages. What this does is to let players know how much money a particular casino game will pay back on average. For example, a game of video poker with an RTP of 98% will theoretically pay out $98 for every $100 wagered. Below is a typical example of casino payout percentages:
Casino Game
Payout Percentage
Total Wagers
Total Returns
Baccarat
98.90%
$5,000
$4,945
Craps
98.60%
$3,000
$2,958
Video Poker
99.50%
$8,500
$8,458
Blackjack
99.40%
$6,000
$5,964
Slots
96%
$10,000
$9,600
Roulette
95.17%
$9,000
$8,565
Mastering the Art of Maximizing Payout Percentages
To be honest, nothing is ever guaranteed when playing games at the best payout online casinos, but there are certain things you can consider doing that could improve the overall success rate. Here are some points worth considering when mastering the art of maximizing your payout percentages:
Research Game RTP
No harm is ever done by having necessary and relevant information at hand. Players must do well to research and study the RTPs for each game before playing them.
Practice and Strategy
Practice does bring perfection, or at least something close to that. It’s important to create an effective winning strategy by practicing on demo versions of casino games before betting real money. You will find a lot of these free versions on many of the best paying online casinos.
Bankroll Management
Taking complete control of your bankroll is a great way to maximize payouts. You can take advantage of responsible gambling tools such as loss limits, bet limits, and time limits, to avoid spending more than you plan to.
Loyalty Programs
Many of the best paying online casinos offer several player-focused perks. This could be in the form of loyalty/VIP programs. We encourage players to take advantage of these programs to gain redeemable points which can be used on wagering games with high RTPs.
Stay Informed
To maximize payouts at online casinos, it’s necessary to stay informed on relevant information about updates and changes in RTP, as well as various programs that provide good insights that can be taken advantage of.
Game Selection
It has been stated here that certain games offer much better RTPs than others. To effectively take advantage of the highest payout percentages at online casinos, players should play more games in categories like video poker and table games which offer higher RTPs.
Misconceptions to Avoid When Seeking Casinos with the Best Payouts
As expected, the internet is a congregation of several personalities, and as such, there is some misinformation being spread regarding the best paying online casinos. Although one might encounter some online casino myths that ring true, the majority are false. Below are some misconceptions to avoid when looking for the highest payouts at online casinos in Canada:
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Higher Bets Guarantee Better PayoutsIn theory, this sounds true in plain hearing, but this is hardly how it plays out. Gambling is purely a game of chance and as such, there is no guarantee of anything.
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Payout Frequency Reflects Payout AmountThis misconception is false by all accounts. A low-volatility game guarantees that players will win more often, but the amount earned from these wins is little.
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New Casinos Offer Better PayoutsPlayers will find many of the games in new online casinos are from the same software providers as those in older ones. For this reason, it’s unrealistic to think that new casinos offer better payout percentages.
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Progressive Jackpots Are the Only Way to Win BigProgressive jackpot games do offer a chance at huge wins, but they are not the only way to earn big. Usually, progressive jackpots combine normal games with bonus games, and although players can manage a normal win, getting a chance to win thousands or millions is nearly impossible.
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Payouts Are RiggedThat you’re not winning as much as you want does not mean the system is rigged. Of course, a casino has to make a profit but since the RTP percentages of all games are readily available, players should know beforehand how much they will make from each wager if they win.
Blacklisted casinos
Unfortunately, not all online casinos in Canada are worth your time and financial investments. The Canadian iGaming market is proliferating with so many online casino platforms that could make picking out the fakes quite tedious. However, there are several foolproof ways to identify online casinos that engage in unethical business practices. These could be anything from a lack of licensing information to unfair games and poor customer service.
Dubious online casinos are known to use some of the tricks above as a cover for skewing the outcome of games in their favour. Many even go to the extent of refusing to pay players their winnings. Below are some reasons for blacklisting some rouge online casinos in Canada:
- Restrictive payouts
- Unfair gaming
- Bogus promotions with false bonus terms
- Unwanted advertising
- Unpaid withdrawals
- Fake license
- Poor customer support
- Other suspicious activities
Author and Expert Opinion
Canadian online casinos are known to offer an impressive array of online casino games. Among these games, players can play hundreds of unique titles with RTPs ranging from 94% on the low end to 99% on the high end. It is advisable to note however that higher payout rates are mostly associated with casino games of high risk, meaning players will probably lose more often than win. For players who don’t mind being patient and can enjoy the little wins, low-risk games with lower RTPs are the preferred choice.
Worthy of note also is the presence of dubious online casinos operating within the Canadian iGaming industry. These rouge platforms do everything to entice players but they must be avoided at all costs. One of the best ways to do this is by looking out for licensing information – the best paying online casinos in Canada are mandated to display their licenses clearly on their websites.
FAQ
The iGaming market in Canada has witnessed many transformations and improvements over the years that highlight its importance to the economy in general. Expectedly, casino enthusiasts all over the country will have several questions and enquiries regarding the best paying casinos out there. This section takes a look at some of these questions and provides answers accordingly.
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What does a return-to-player (RTP) percentage mean?
The return to player percentage (or RTP) is the amount of money you can expect to win back over a long period. The RTP however is just theoretical, so while it does provide a good enough indication of just how much can be won over time when playing a game, it should not be dependent on. Another important point to note is how RTPs are inversely proportional to the house edge. This means that the higher the RTP, the lower the house edge. So for example, if an online casino game has an RTP of 95%, the house edge (money accrued to the casino from the wager) is 5%.
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What online casino games offer the highest possible return-to-player (RTP) percentages in Canada?
Generally, you will find that blackjack and video poker games offer the highest RTP percentages at Canadian online casinos. There are rare instances where the titles in this category can get close to 100% RTP values, implying that players will get their entire investment back whenever they play and win online. In addition to video poker games, table games and several live dealer games, particularly those curated by Evolution Gaming, also offer the best payouts. Despite their popularity at many online casinos, slot games do not typically have high paying RTPs. The upside to this however is that the frequency of winning slot games is much higher when compared to the frequency of winning Blackjack, video poker, and live casino games.
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Is RTP the same as a casino payout rate?
No, they are not the same, but the terms are often used interchangeably and are somewhat similar. The payout rate at an online casino is calculated from the amount of real money paid out from winnings by the casino in direct proportion to the number of wagers made by players over hundreds of thousands of bets. By this definition, it has been noted that the higher the average casino payout rate, the bigger the win rate and the larger the theoretical return of money to players. On the other hand, RTP percentages only theoretically indicate the return of money from each of the games.
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Does the withdrawal size affect payout times in Canada?
Yes, it does. Quite understandably, online casinos have to carry out their due diligence when paying out large sums of money. For high-rollers who wish to withdraw large wins, they should expect slower withdrawal times due to the level of relevant checks being carried out. Another factor that affects the payout speed is the payment option being used to process the transaction. While certain methods may take as little as 24 – 48 hours, others can take as much as a few days to be completed.
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Do higher RTPs mean that the games are easier to play?
Not necessarily! Higher RTPs on some casino games simply imply that players have a higher chance of hitting the winning combination. While some games (eg. Slots) exclusively depend on luck, other games require a certain level of skill and luck to succeed. For example, Blackjack has a high RTP that hovers between 97% to 99%. Winning in this game depends on mathematical strategies which encourage users to play and win more often.
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Can the RTP of an online slot game be rigged?
The primary challenge of playing casino games at unlicensed online casinos is a major setback. Online scam casino platforms can theoretically mess with slots, but well-established casinos make it a point of duty to pay as early as possible. Another factor that ensures the authenticity of slot games at the recommended highest payout online casino platforms, is their incorporation of regular audits performed by testing agencies. One such agency is eCogra – they are an auditing agency that verifies and tests the available games at online casinos by checking properties like game fairness, payout speeds, and actual payout percentages.
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How can I avoid blacklisted casinos and be able to identify those with good reputations when choosing the best payout casino?
You should first and foremost check the licensing information of the online casino you want to play at. Dubious online casinos are popular at using tricks as a cover for manipulating the outcome of games in their favour. Many always take it to the extent of refusing to pay players their winnings. Here are some easily identifiable ways to quickly determine if a casino is of good repute:
- Restrictive payouts
- Unfair gaming
- Bogus promotions with false bonus terms
- Unwanted advertising
- Unpaid withdrawals
- Fake license
- Poor customer support
- Other suspicious activities
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What should I consider a good casino payout rate in Canada?
Overall, casino payout rates of 95% are considered average, so anything beyond this number should be considered good enough. Furthermore, online casinos that offer payout percentages above 97% are not only good but great. At many online casinos in Canada, players will get payout percentages ranging between 94% and 99%. The best paying online casinos do their best to keep it in the 98% – 99% region.
Casino payout rates can also differ depending on which games are being played. However, it’s important to pay attention to the RTPs and house edge of every game.