Why is it so important to choose the right online casino?
Online gambling is attracting more and more fans of online casinos on the internet. There are many reasons for this and one of them is the fantastic game titles that one can admire nowadays. Nor should one underestimate the convenience that an online casino has to offer. You can play from anywhere, anytime and find all the creations of the best developers in the industry under one roof. No classic casino can boast of such advantages.
But there is another major reason to prefer playing online. It’s the wins that players can hope for. And in online gambling halls, these are not to be underestimated. Therefore, it is particularly important to make the right choice at the online casino. Because it turns out that when it comes to winnings, online casinos differ significantly. Not every provider really keeps what it promises. Accordingly, it would be a great pity to spin the reels in a casino day in and day out or sit at the roulette table only to find out that a win is only very rarely achieved here. Or if you’re lucky and earn a whopping sum, later in the checkout area you only actually get a part of it paid out.
In order not to experience nasty surprises of this kind, there is one parameter that says a lot about the probability of making good winnings at an online casino. It’s called the payout rate, and that’s what we want to talk about now.
Top 10 online casinos with best payout rate in Canada 2023
- Verde Casino: Up to $1200 + 220 free spins
- Ice Casino: Up to $1500 + 270 free spins
- Vulkan Vegas Casino: Up to $1000 + 125 free spins
- GG.Bet Casino: Up to C$1000 + 175 Free Spins
- Unislots Casino: 100% up to C$1500 + 150 Free Spins
- Bizzo Casino: Up to C$1000 + 150 free spins
- 22Bet Casino: 100% up to C$450
- Hell Spin Casino: Up to C$1200 + 150 free spins
- Lucky Days Casino: Up to $1500 and 100 free spins
- National Casino: Up to C$1500 + 150 free spins
What is the payout rate?
The online casino industry is highly competitive and platforms are fighting for players’ attention. They outdo each other with either the best bonuses or the best casino payouts. A great casino will have a mix of these offerings. While offering an attractive bonus is easy, some casinos struggle when it comes to cashing out.
The payout percentage is a value that is easy to explain and says a lot about the quality of an online casino. It shows how much of the collected income a provider lets flow back to its customers in the form of profits. The number, which is given as a percentage, is calculated over a long period of time. The stakes of many players are also included in the calculation. The payout rate is therefore a purely statistical value, which is why the ratio of your winnings to the bets you have made can also deviate somewhat from the specified value of the payout rate.
- What does RTP mean?
The RTP is the percentage of money that the casino pays back to players in the long term in the form of winnings. If you play for C$100 and the RTP of a game is 97%, you theoretically get C$97 back. However, this explanation oversimplifies reality as the RTP is a number calculated over millions of spins.
- Average RTP in online casinos
One has to distinguish between the RTP of a specific game and the RTP of the casino. The online casino payout percentage is the total payout percentage for all games played during a given period of time. An online casino’s best payout percentage is above the industry average of about 97%. This is an approximate number and does not say anything about the overall quality of the casino as there are many other criteria to consider.
It turned out that finding the payout percentage of a casino on the internet is not an easy task. The value is calculated for each online casino with a valid license by recognized organizations such as eCOGRA or GLI (Gaming Laboratories International). But only a few providers publish this information on their websites, perhaps because it doesn’t present them in the best light.
However, we have saved you the time-consuming research and created a list where you can find the online casino with the best payout in Canada. And not just one, but several of them.
How to play in the best online casinos with payouts?
- Use our lists to find the best payout casino
If you are looking for the best online casinos with payouts, the recommendations of our experts who have extensively tested the casinos will help you.
- Register an account
If you like an online casino with a high payout percentage from our list, simply follow the link and create an account with the relevant casino.
- Deposit and play
When you’ve signed up at one of the online casinos with the best payout percentages, you really want to play for real money. Choose the best payment method for your needs and make your first deposit,
- Try your luck to get the highest win
Each casino from our Best Online Casinos With Payout list also guarantees a hassle-free withdrawal process. If your account is properly verified, you will receive your winnings within a few hours or days, depending on the payment method you have chosen.
Top 3 online casinos with the best payout rate in Canada 2023
Casombie Casino with a payout rate of 96%
If you want to find a really wide range of casino games then Casombie is definitely the place to be. 4,000 game titles are on offer here, with the best creations from well-known names in the industry such as Pragmatic Play, Play’n GO and NetEnt. Of course, it is above all the slots that make up the extensive game portfolio. The progressive jackpot slots that promise millions of dollars in winnings are very popular with players. But also fans of table games don’t miss out on this online casino. You can enjoy roulette, blackjack and baccarat at Casombie at various tables in the live casino or gamble as RNG games.
The high payout rate, which makes this provider one of the casinos with the best payout rate in Canada, will ensure that you rarely go empty from a game round. With a game account that is always filled to the brim, you also have even better chances of winning.
There are seven different bonuses available to new Casombie customers so that they can choose the best offer for themselves according to their mood. It is well known that generous bonuses contribute to a high value of the payout rate. On the other hand, the regular players of the online casino are offered a lucrative VIP program with a total of five levels.
However, it’s not just the great payouts that make Casombie a favorite casino. The deposit and withdrawal methods really leave nothing to be desired, with the customer account being topped up quickly. The usual payment options are also complemented by payments in today’s popular cryptocurrencies.
If you have problems or just simple questions, you can always get competent help by phone, email or live chat. In addition, the employees of the casino team are friendly and also speak French.
Don’t miss the exciting gaming experience and let the zombie avatars take you into the wonderful world of Casombie. The pure gaming fun is guaranteed in this best payout casino!
Playamo casino with a payout rate of 95.5%
Suffice it to say that at Playamo Casino we are dealing with another brand from N1-Interactive Limited. Namely, the operator is known for the appealing design of its casino offerings, and Playamo Casino is no exception.
In the short time since its inception in 2016, the casino has managed to build up a respectable range of games consisting of more than 3,500 of the very best game titles. Slots, table games and of course jackpots are part of the daily program here. It is therefore not surprising that Playamo Casino is also considered the online casino with the best payout in Canada.
The impressive performance is rounded off by weekly tournaments, a great VIP program and numerous bonuses. They all ensure lasting fun and, of course, good chances of winning.
In addition, the Playamo Casino website is designed in such a way that you can quickly find your way around the game. Excellent customer service is also available to customers. Simpler questions will find their answers in the detailed FAQ, so you don’t always have to rely on help from an employee. When it comes to payment methods, online casino does a great job too.
Vulkan Vegas casino with a payout rate of 96.1%
Now let’s end our list of casinos with the best payout rate with a sweet temptation. However, the provider, whose website is designed in a modern design, has much more to offer than an attractive interface.
3,000 casino games with the best payout rate are a guarantee for a really great gaming experience that also rewards players with good payouts. A special highlight of this best payout casino is the jackpot slots and the slot races, which are a real gaming experience for every online slots fan.
We are also quite satisfied with the overall appearance of the Vulkan Vegas casino. The clear arrangement of the games allows the players to focus on the essentials, namely the game content itself. An informative FAQ area, helpful customer service and various safe and convenient payment methods make staying at the Vulkan Vegas casino a first-class experience.
Factors that influence the best online casino payout rate in Canada
It is not only the payout percentage itself that differentiates an online casino with the best payout. Other factors and features of the casino also come into play when chasing great winning opportunities. Only the interaction of all features, which we will present to you in a moment, leads to a convincing performance of the provider in terms of profits and payouts.
But let’s get straight to the point and explain the special features of the online casino with the best payout in Canada.
- The Gambling License.
- The RTP values.
- Low wagering requirements.
- Payment methods are accepted worldwide.
- No payout limit.
- No transaction fees.
The Gambling License
Even the supposedly best payouts count for nothing if they are just empty promises and you later find out that you have been ripped off.
So that something like this doesn’t happen to you, we advise you to always check for a valid license first. This is the only way to ensure carefree gaming in a safe gaming environment. Approval is not always easy for operators to obtain, but fans appreciate the benefits it brings.
Your money is in safe hands at licensed casinos with the best payouts. In addition, confidential customer data is treated with due respect and in accordance with legal data protection regulations. Otherwise, we would not count the respective casino among the best payout casinos.
But especially when it comes to payout rates, the license fulfills a very special function. Because it causes a lot of attention to be paid to the fairness of the games. And that includes the RTP values, all of which together determine the payout rate of the online casino. According to the requirements of the approval, these are checked at regular intervals by independent laboratories.
So you can be sure that the RTP values given at the online casino with the best payout rate in Canada are true.
The RTP values
You may be a little confused. Because you’ve probably stumbled across the term “RTP value” before, especially with the exciting slots. The developers are flaunting high values for this parameter.
But what does that have to do with the payouts in the online gambling hall? Is there really a connection, or is it just a play with terms? We’ll clear up the misunderstanding in a moment.
In most cases, the RTP value is the payout rate of a specific game. By the way, RTP is an abbreviation for “Return to Player”, which means “payout rate”. The value is calculated statistically and indicates what proportion of the bets made during the game, for example, a slot pays out as winnings on average.
However, a high RTP may not always meet your expectations of bagging big wins on your next spin. Because, as already mentioned, this is an average value that is calculated over millions of game rounds and over a longer period of time. It may be that you get nothing after several spin attempts and then suddenly hit the jackpot.
If an online casino has a lot of high RTP game titles on offer, this automatically affects the payout rate of the provider itself. So if you are looking for good winnings, always take a look at the game lobby first. Online casinos with the best payouts usually have slots and table games that only have a small house edge.
By the way, the house edge is exactly the opposite of the payout percentage. Together they always add up to 100%.
You’re probably wondering how exactly each game type contributes to the payout percentage of an online casino. Here we have summarized the RTP values of the individual casino genres for you.
The payout percentages and house edge values of the different casino games
RTP and House Edge in different casino games
||99.17 – 99.2%
||0.77 – 0.83%
|Casino Hold’em Poker
||98.5 – 99.23%
||0.17 – 1.5%
||98.76 – 98.94%
||1.06 – 1.24%
||94.7 – 97.3%
||2.7 – 5.3%
||98.59 – 98.64%
||85 – 98%
Don’t be surprised if poker has a negative house edge. Poker is a very special casino game where experience, self-restraint and bluffing even with bad cards can tip the outcome of the hand in your favor. However, online casinos rarely lose money, since not all poker variants are offered here and the house advantage is therefore usually secured.
Low wagering requirements
The high payout rates in a best payout online casino are not always due to the selection of games with high RTP values. The bonus offers of the casino also contribute to good performance in this regard. Because the higher the bonus amount, the more play money you get credited to your casino account. Accordingly, you can turn many more rounds on the popular game and this increases the probability of winning, as is well known.
However, the chances of winning are only good when low wagering requirements apply. Because all bonuses must first be wagered a few times while playing before the play money becomes real money. Some providers are fair to their customers and the sales conditions are quite low at 20x to 30x. Others, on the other hand, really ask for a lot of sales. Sometimes it is not at all realistic to meet wagering requirements of 50x and more.
The more difficult the casino bonuses are to play through, the more likely a loss becomes. Also, you really have to wager a lot of money for the bonuses to clear. In percentage terms, all of this means a smaller proportion of winnings compared to the money wagered, which ultimately has a negative effect on the payout rate of the casino.
The casinos with the best payout rate that we presented to you at the beginning, therefore, offer bonuses with low wagering requirements.
Payment methods accepted worldwide
However, there is more behind the term “online casino with the best payout”. The payout rate itself plays the main role here. However, with such a gambling hall, one also expects that one has a thoroughly positive experience with the payouts in the cash register area.
And payouts in online casinos only cut a good figure if they are processed quickly and without ifs and buts. Convenient and secure payment methods, which are not exotic but recognized worldwide, are therefore a must in casinos with the best payouts. Finally, the payment method also plays a role if you want to withdraw your money quickly. And it is also expected that the transactions will be processed with the best encryption and proof of identity methods.
No payout limit
Sometimes, however, the rush of happiness after a big win is followed by a rude awakening. Just imagine the following scenario. You’ve won a nice sum playing the game and of course, you want to withdraw it as soon as possible. But in the cash register area of the online casino, you are refused the payout. A nightmare or bitter reality?
The General Terms and Conditions
Surely you have noticed this text more often, especially with the bonus offers. But have you really read the terms and conditions? If you had done that, you would have spared yourself the unpleasant surprise. Because in some online casinos it is written unmistakably that there are certain limits on winnings payouts.
Withdrawal limits are not necessarily attempted fraud. Many casinos use daily, weekly and monthly withdrawal limits to ensure that they don’t have to pay out a huge amount all at once. For smaller companies, in particular, withdrawing a large number of winnings can damage their financial stability and also smaller payments from other customers.
Also, especially with bonuses that require no deposit and no wagering requirements, operators with withdrawal limits ensure that a player who hits a huge win doesn’t just run away from you without wagering a single penny of their own money.
It is therefore always worth reading the terms and conditions of the bonus.
No transaction fees
Anyone who has made a good profit while gambling in an online casino naturally does not want to accept any unnecessary deductions from the money they have earned. Therefore, when choosing the online casino with the best payout rate in Canada, you should also pay attention to the fees that the online casino charges for deposits and withdrawals.
Today, most of the top providers do not charge any fees for withdrawals, however, the payment processing can incur costs from the payment service itself.
Tips on finding the online casino with the best payout
- Check casino license
Whether you are looking for the best casino payouts or just want to play for free. First, make sure the casino is licensed and regulated by a reputable jurisdiction.
- Check the RTP
When an online casino advertises a high RTP, they strive to showcase the RTP of both the games and the casino. Check the website for this information before signing up.
- Read our reviews
All casinos on the Best Online Casinos With Payouts list are carefully checked and tested by our experts. So you can be sure that the casinos you choose are safe and up to the highest standards.
- Choose a game carefully
Many games in online casinos pretend to be better than they are. Don’t be tempted by high max wins, but check the rules, the RTP and the fine print.
Final thoughts on the best payout casinos
After we have reported to you in detail about casinos with the best payout rate in Canada, you can already make a better decision when choosing your next casino. Not only will you be able to look forward to an exciting gaming experience, you will also be able to win really good prizes.
We will continue to keep you up to date on this page with the best offers for online casinos with the best payout percentage in Canada. So check back with us often!