How to Find Canadian Online Casinos with Best Payout Rates

How to Find Canadian Online Casinos with Best Payout Rates

As an online casino player, you would naturally be interested in How to Find Canadian Online Casinos with Best Payout Rates where you have a chance of winning greater amounts. Playing at casinos with higher payout rates will help. 

In this article we will tell you how to locate the best payout Canadian casinos, but we will also provide other useful information. At the end you will understand what payout ratios are, how they are determined, and how you can maximise the advantage that high payout casinos offer.

Payout rates are also referred to as payout ratios or return to players. The payout ratio is the amount paid as winning by the online casino during a period expressed as a percentage of the total amount bet at the casino during the same period. The auditors of the casino aggregate the winnings and the bets across all games for a month or a quarter and compute the payout ratio. Online casinos that consistently deliver high payout ratios are listed as the best payout online casinos.

The Top 5 Best Payout Canada Online Casinos 

CasinoPayout RateExclusive Welcome Bonus
Royal Vegas98.8%$1200 Bonus + 120 Free Spins
Jackpot City98.7%$1800 Bonus + 80 Free Spins
888 Casino98.2%$1500 Bonus + 88 Free Spins
Betway98.3%$700 Bonus + 50 Free Spins
Leo Vegas98.2%$1000 Bonus + 100 Free Spins

Here we share with you some simple ways by which you can access the payout ratio information about online casinos in Canada.

Expert Auditors Determine Payout Ratios

The Canadian online casinos listed at our site work in conjunction with expert auditors. The payout and bet data are shared with the auditors who compute the payout ratio at regular intervals. Comparisons can be made with the previous period and with the same period last year. The auditors also determine payout rates for the different game categories, such as online slots, table games, and video poker. Online casinos use this information to improve their services. Players use this information to select online casinos. At most online casinos the reports of the auditor are posted in the public domain and can be accessed at the website.

Our Casino Reviews Indicate Payout Ratios

There is a simpler method for you to get information about the payout ratios of the online casinos. We include this important indicator in our casino reviews, and you can look it up there.

We realise that our readers are focused online slots players, but it is good to be aware of the return that other games offer.

  • Online Slots: Most of the slot games offer a return to player between 94% and 96%.
  • European Roulette: This is the most popular version of roulette and offers a return of 97.3%. The maximum payout in roulette is 35 times the bet, whereas the top payouts in slot games usually are several thousand times the bet. This advantage offered by slot machines more than compensates for the marginal drawback in the return to player.
  • Blackjack: Most online blackjack variants offer payout ratios of over 99%, but this comes with an important caveat. You must play the game according to optimum strategy, which is not very easy to master. Incorrect moves while playing blackjack result in drastic drop in return to player. You should also be aware that the maximum payout in blackjack is only one and a half times the bet amount.

Very few online casinos report the actual payout ratios as determined by the auditors separately for each slot machine. However, the developers of the online slots are required to mention the theoretical payout ratios for the game and this is usually incorporated somewhere in the game rules. 

The Top 5 Payout Online Slots

Online Slot GameProviderPayout Ratio
StarburstNetEnt96.09%
Book of DeadPlay’n GO96.21%
9 Masks of FireMicrogaming96.24%
Gonzo’s QuestNetEnt95.97%
Cash EruptionIGT96.00%

You have prepared your list of best payout casinos and now want to maximise your returns playing there. These are some useful tips that you could adopt. 

Use Payout Ratios Effectively

Check the payout ratios of online slots before playing with real money. It is not essential that you always play slot games with payout ratios in the top range. However, avoid betting on slots that have payout ratios less than 94%. 

Keep Rotating Online Casinos

Do not play at the same online casino over long periods if you are not winning. Sometimes it helps to listen to your gut feeling, and go for a change of scenery. A new casino with different slot games may just enable you turn the luck in your favour.

Leverage Bonuses for Additional Wins

Bonuses are free playing money offered in conjunction with deposits. You can cash out wins from bonuses, after meeting the stipulated conditions. Even if you are unable to win from the bonuses given, you have absolutely nothing to lose. Do not be afraid of claiming bonuses, but make sure that you understand the terms and conditions attached.

Gamble Responsibly

This is a common scenario at online casinos. Players have hit a big win and then have continued to gamble recklessly. In a short while they have lost not only their winnings but also their invested deposits. An important aspect of winning big is to keep those winnings. One way of ensuring this is to utilise the responsible gambling facilities provided by the best payout online casinos. You can set maximum limits to your deposits, bets, or losses and this will prevent you from playing more than you can afford to.

Before you can start playing real money slots at the best payout online casinos, you must create an account. Just follow these few simple steps

  1. Click the Sign Up button on the homepage of the casino to activate the pop up box.
  2. Enter the particulars asked for such as name, address, and contact details.
  3. Please do not make any error because you will have to submit verification documents.
  4. At most online casinos the default currency will be C$. If not, then opt for this currency.
  5. Register your preferred payment option, after understanding the pros and cons of each.
  6. Make your first deposit at the online casino and claim the welcome bonus.

Before answering this question, we need to explain how the online casinos deploy the funds collected from the bets. Most of it goes to pay out the winnings, but a part of it is needed to meet the operating costs and to provide a return to the persons that have invested in the online casino. 

If the casino games were structured in a manner that the payout ratios exceeded 100%, there would be no funds available for meeting the costs or providing a return to the owners. In fact, the investors would have to pump in more money to pay out the winnings.

No, wins are not guaranteed. Online casino games are based on chance random outcomes that cannot be predicted and therefore there cannot be any guarantees. Online slot games have zero skill requirement. Even games like blackjack and video poker where a fair amount of skill is involved are ultimately dependent on luck. 

You will win sometimes and you may lose at other times. Some players may even win consistently over extended periods. However, there will never be any guarantees. You should be absolutely clear about this before you commence on real money online slots play. 

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