The Highest Percentage Payout Online Casinos for Canadians
So, you're ready to play in an online casino. You've checked out the different ones around, even the best rated for entertainment factor. You've found one that accepts Canadian players, and even deposits in Canadian Dollars (bonus!) plus you've had a couple of free plays and you like the games. So all that's left is to sign-up, claim your welcome bonus and start betting with real cash right?
Before you commit to an online casino, there's one more important factor you'll want to consider, and that is the not so small matter of payout percentages. After all, if you're going to play for real money, presumably you want to see some of that returned to you when you win?
Payout percentages vary from online casino to online casino, but are rarely taken into consideration by players before jumping in. Here we explain exactly what an online casinos payout percentage means to you and why you should never ignore it. You’ll be able to:
- Find the online casinos with highest payouts
- Make sure you're investing your real money in a highest payout online casino
- Not get stung by troublesome T&C's and payment discrepancies
- Offers a huge payout percentage to players
- More than 650 games of all types
- Can be played on a desktop or on a mobile device
- All new players eligible for a C$1600 bonus
- One of the best payout percentages around
- Lightning fast payout processing times
- Many great progressive slots with huge jackpots
- All new players can receive C$1000 in bonuses
- All new Canadian players can receive a C$750 bonus
- Site can be used in both English and French
- Regular competitions with huge prizes
- Many games, including slots, roulette and video poker
The Best Online Casinos Have the Highest Percentage Payout
It's so straightforward when it comes to online gambling. You place your bet, you win that round, and you cash out your winnings. True? Sadly, like most things in life, online casinos just aren’t so simple.
Every online casino, whether in Canada or internationally, will have a payout percentage that determines the amount that casino pays out on winnings. The higher the payout percentage the better it is for the player, as they'll see more of their winnings deposited into their account. The lower the payout percentage, the opposite, and this isn't good news, nor good practice.
Fortunately every casino online (at least every reputable one) shares their payout percentage publicly, so before you open up an account and start bank rolling your real cash, you might want to check the payout figure to make sure it's in line with what you'd expect to see from an honest, and regulated high payout percentage online casino.
All reputable regulated online casinos will have their payout percentage checked and audited by an independent and licenced gambling body.
The payout percentage of an online casino is established by taking the figure paid out on winnings and comparing it to the amount of bets that have been placed. Sometimes the online casino does this on an individual game basis, and sometimes this is an overall percentage total that takes every available game that casino offers for real money play into consideration.
The benefit to Canadian players in checking that the percentage payout of an online casino they plan to play at is among the highest payout online casinos, is the difference between standing to win back your money, or never seeing some, or all of it again. And when you're playing for real cash you're not really in the business of giving it away.
Finding High Payout Casinos
All reputable regulated online casinos will have their payout percentage checked and audited by an independent and licenced gambling body. This ensures that any data they're publishing is a true representation of the payout percentage, and not just forged findings that make them appear to be a high payout percentage online casino.
The first red flag when it comes to checking out whether a highest payout online casinos payout percentage is legit is to look at where the findings came from. If the figures aren't authenticated by an independent third party, walk away. You can't trust in what you're being made to believe, and the casino may well be publishing false data to make themselves look a highest payout online casino when they're really not.
We also conduct our own checks when it comes to determining the online casinos with the highest payouts in Canada. Using our own real money, and our time, to test the payout return on real money games, to see if it's in line with the advertised payout percentage claim. If our findings don't marry up than this is cause for concern and could lead to a site being blacklisted by us for portraying themselves falsely as a highest payout online casino.
Get the Best Sign-Up Bonuses to Boot
Once you're confident in the payout percentage, and you've consulted our independent ranking of the high payout percentage online casinos, you can then move on to thinking about bonuses. This is the final hurdle in determining if an online casino is right for you.
Welcome or sign-up bonuses are common practise among online casinos with the highest payouts. They're intended as a goodwill gesture, to entice new players in and reward them for choosing their casino over the online competition.
Welcome bonuses themselves are subject to terms and conditions that you should familiarize yourself with before you commit your real cash, or you might find it's too late to back out. Particularly in the case of deposit based bonuses, where getting your money back might be more difficult than you were initially led to believe.
Our guide to the best welcome bonuses for Canadian players explores the issue of sign-up bonuses in more detail, so if you're unsure if a bonus you're being offered is legit, check to see if the casino has made it into our top rated before you open an account.
It’s not something we like to do, but from time to time we have to blacklist a casino. This could be for many different reasons, such as dishonest practices or poor customer service, and we advise players to avoid any sites that are a part of this list.
- Shoddy customer service and hard to contact
- Series of payout problems
- Lots of payout issues reported
- Failure to pay players after large winnings
Frequently Asked Questions
What exactly are payout percentages?
The payout percentage of a site is the amount of money a player can expect to receive back in the long term. So, a site with a 95% payout percentage will, on average, give players $95 back for every $100 they spend. This figure is also sometimes referred to as the RTP (Return to Player).
How long do payouts take?
This really varies between sites, however most good sites will process your withdrawal request within a couple of days. Of course, the specific payment method used might have its own processing time as well though.
Why is the nominated payment method important?
Your nominated payment method is important, because it has already been checked and is therefore ready to go – meaning that withdrawals using this method are usually quicker. Using a different method will often necessitate extra checks before the payment is released.
Does the withdrawal size affect payout times?
Yes, it certainly does. This is because, quite understandably, casinos have to be vigilant when paying out large sums of money. So, if your withdrawal is in the thousands, expect the casino to be more thorough when it comes to authorizing the withdrawal.
What’s the least that can be withdrawn?
This really varies from casino to casino, however the majority stipulate that a player must withdraw at least $10 per transaction. The amount also varies depending on the withdrawal method, with methods like bank transfer and Neteller usually having the lowest limits.
Which casinos offer the best payouts?
The three casinos with the best payout percentages for players are Jackpot City, Spin Palace and Ruby Fortune. You can read reviews about all three here on this site.
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