Best Payout Online Casino Canada 2023

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Casino Payout Ratio Explained

When looking for the best paying online casinos in Canada, what are we actually talking about? After all, rational players will recall the popular phrase: the house always wins. Even if that is the case – and that is not necessarily so – playing at a casino with the best payout still gives players a chance to walk away with more winnings than they expected.

Some casino games have a set house edge. Take blackjack, for example. This game is a casino classic for a reason. That’s because the house edge of blackjack is set so low. Even a relative newcomer to online casinos in Canada has a decent shot at the blackjack table. Slots, meanwhile, have their payout ratios displayed in RTP.

What About Casino Profit (House Edge Definition)

But what exactly is the house edge – and how does it work in practice? Let’s use the example of having a bet on the flip of a coin. The chances of a head outcome are exactly the same as a tail result – they are both 50/50. But a casino would not offer players the chance to double their money on this bet. This is because the casino retains a house edge. However, all the casinos we recommend have the optimal level of house edge for players.

Roulette is perhaps the best casino game to explain house edge. Some newcomers to online casinos in Canada might think red or black is a simple 50-50 call at the wheel. But the roulette wheel also has at least one green space for zero. This lowers the odds of both a red or a black result, yet the player can only double their money if they make the right call.

When it comes to slots, the higher the figure for RTP, the more money players are likely to get back when they spin the reels. It is worth remembering that the figures for RTP are calculated over a vast amount of spins. Just because a slot has a RTP of 98% does not mean a player staking $100 will be guaranteed to get at least $98 of that back – far from it. Variance is also a factor to take into account when thinking about a house edge and slots.

Highest Payout Casino Games

In the table below, we have picked out the games with the best casino payout ratings. Of course, this does not mean that the player is going to come out on top in these games. Picking one of them can never guarantee a player will win: it is down to luck. These games are a smart choice, though.

Blackjack Payout Rate

Blackjack can be a great game to play at online casinos due to its great payout rate. The house edge in blackjack is just over 1%. There is some skill involved in this game, though. More experienced blackjack players have a better chance of winning than a newcomer.

Video Poker RTP

The RTP of video poker can vary, so it is worth checking it before starting to play. It is generally the case that the RTP for video poker games is not particularly high. This is one of the reasons why they fell out of favour at the best payout casinos.

Baccarat

Up there with blackjack for a very low house edge, baccarat is very popular in Asia. Canucks are also wising up to the fact baccarat has a rock-bottom house edge of just over 1%. Unlike blackjack or poker games, winning at baccarat is basically entirely down to a player’s luck.

Craps

This wildly popular dice game has not always translated that well to playing at online casinos. After all, much of the fun of craps is watching other players win at the table. But some of the best bets in craps have a pretty low house edge, which is good news.

Roulette Payout

Another game all about luck – even if some swear by using roulette strategies at the best payout casinos – the house edge here depends on the exact format of the wheel. If there are two zero green spaces on the wheel, this roulette game will have a far higher house edge.

Slots RTP

As we touched on earlier, RTP is how the house edge of slots is explained. Over a long testing period, the slot is examined to see how much money it pays to players. The higher the RTP for a slot, the better value it usually provides to online casino players.

Beloved Highest RTP Slots

Those who have decided to play slots at Canadian online casinos will probably want to make a smart choice over which game they go for. The payout percentages are well worth a look as they help players to see the best value titles. Here, we have selected some slots with high RTP to look out for at the online casino.

Common Withdrawal Methods at the Best Payout Casinos

Canucks who have a bit of luck and want to withdraw winnings will need to head to the cashier. Here, they can pick from various banking options. Debit cards are perhaps the best way for players to get cash, but what are some of the other ways worth considering?

Credit and Debit Cards

The default payment method at the best payout online casino for many is cards. Either debit or credit cards can be used, depending on personal preference. Deposits are instant, and withdrawing winnings tends to only take a few days, so this can be a very good choice.

Bank Transfer

Alternatively, Canucks using one of the best payout online casino sites can opt for a bank transfer. This is a little slower when it comes to withdrawing winnings, but is very secure. Those who have patience and do not mind the wait might well opt to use a bank transfer.

Electronic Wallets

Skrill, PayPal and Neteller are some of the common e-wallets that can be used at an online casino. The big benefit of opting for an e-wallet to withdraw winnings from the highest payout online casino sites is the speed of the withdrawal, which tends to be in hours, not days.

Crypto Payments

Some of the best payout casino sites in Canada are now embracing crypto payments too. Bitcoin and other cryptocurrencies can be a safe and secure way to add casino funds. Naturally, the value of crypto tends to be volatile, though, so take this into account.

Top-10 Online Casinos With the Best Payout

Canucks seeking the best payout online casinos might be unsure where to start. This is where our experts come in to help. Research and expertise have helped us to pick out 10 of the best payout online casinos in Canada. Check out our top picks in the below table.

Leading Authorities That Check a Payout Percentage

Canucks will probably be wondering how payout percentages at the online casino are checked. There are actually a few organizations within the industry that do this. Rigorous testing is used to make sure that players are being given a fair chance to win.

eCOGRA

This leading independent and internationally approved testing agency is perhaps the biggest name in the game when it comes to checking payout percentages. At eCOGRA – which is based in the UK – ISO/IEC 17021-1:2015 accreditation is in place. This helps to assure Canucks that eCOGRA-tested games are legit.

iTech Labs

Another of the leading accredited testing laboratories for the certification and QA of online casino games is iTech Labs. This company has actually tested the random number generator of casino games in more than a dozen languages.

GLI

Standing for Gaming Laboratories International, GLI is another top name to look out for. With 30 years of experience, GLI checks games in some 480 jurisdictions all over the world.

Pros and Cons of Highest Payout Online Casinos

Of course, there are pros and cons to using the highest payout online casinos. Let’s take a look at some of the most common advantages and disadvantages to keep in mind.

How We Rate Casinos With Best Payout

So what are we looking for when we try to identify the best payout online casino to join? A range of online casino factors has to be taken into account, with high payout casinos needing to tick many boxes these days to impress online gamblers in Canada.

Casino Legality

No site can be ranked among the best payout online casinos if it is not legal to use in Canada. This means we check its license. Malta Gaming Authority is one of the most respected bodies, so a license from the MGA is a good sign. Alternatively, a site might get the green light from the Kahnawake Gaming Commission.

Security Factors

Along with the legality of a casino, security factors are in play when online gambling too. Nobody wants their financial data to fall into the wrong hands. A high payout casino should therefore employ measures such as state of the art SSL encryption to protect users.

Availability of Casino Games With High RTP

Naturally, any site in contention to be considered the best payout casino in Canada will need to offer lots of casino games with a high RTP.
Standing for return to player, this is a figure that indicates how much a player might reasonably expect to win from a slot game.

Bonuses in Stock

Promotions, deals and offers are normally offered by a top payout casino. Casino bonuses are available, but players need to be sharp to spot the top value.

An online casino with the highest payout percentage should have a range of promotions, including offers for new players and a rewards scheme.

Supported Payment Methods

Players in Canada might as well have their favourite payment method at online casinos as well. When paying out, they also want to be able to withdraw their winnings quickly too. Various payment methods are available at Canada’s best online casinos nowadays. We’ll have more detail on these banking options later.

Mobile Compatibility and UI

With so many Canucks wanting to play slots and other casino games on the go, mobile compatibility has become much more important. The user interface on a small screen needs to be well-designed to ensure players return. Failing in this area makes it hard for casinos to shine.

Support Service

Lastly, the range of customer service support options is also explored too. Live chat has become the default way to get in touch with any issues or questions. However, some Canucks still prefer to use email or phone.

Problem Gambling

Any Canadians browsing for the best paying online casinos probably want to know about a site’s responsible gambling policy first. Sites take this area increasingly seriously.

Even though the majority of Canucks play at online casinos with no issues, some people may experience issues surrounding addiction. Deposit limits can be used at online casinos in Canada, which also offer time-outs and self-exclusion to help users to stay in control.

Advice from the Responsible Gambling Council may also be useful for players here as well.