Author: Daniel King | Posted on: 2021-05-31 | Last updated on: 2021-09-22
Online casinos have different payout rates, ranging from 75 to 100%. As such, mindless players may find themselves at any part of the spectrum but more commonly at the low end. Why?
Most casinos tend to keep their payout percentage low for obvious reasons. Independent regulatory commissions like eCOGRA and GLI publish the average payout percentages of every casino monthly to protect you. However, this effort is barely enough.
Therefore, if you want to maximize your potential wins at online gambling, you’ll have to do mindful research towards the purpose. This guide addresses critical issues, such as how to find the best online casinos that payout the highest amounts, the games to play to optimize winnings, and how to cash out your wins rapidly.
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Two rare but straightforward features define the best payout casinos:
Canadians who play at such sites earn considerably more than their counterparts at other low-paying casinos.
Thanks to these sites, players don’t have to worry about low returns or delays when cashing out wins. The highest payout casino pays you the maximum amount you can win, while the fastest payout casino pays you your earnings instantly. The ideal casino must be a combination of both features.
Every legit online casino has a footer link on their website that directs players to their monthly payout percentage. Therefore, it’s straightforward to find the best payout casinos online if the payout rates are your sole consideration.
However, this process may be tiring in the long run for two reasons.
As such, we suspect that you may use some help. The following steps constitute an excellent blueprint for finding the highest payout online casino in Canada.
Perhaps the best feature of new-school gambling is the fact that reviews are abundant across the Internet. A simple Google search with the right keywords always yields shortlists relevant to your cause. Know what’s better?
These results are location-oriented; thus, your country determines your ideal casinos. For example, the highest payout casino in the United States doesn’t appear to players in Canada and vice versa.
It’s common to find different lists on various review websites. For example, the fastest payout casino in a particular list may not maintain its position in another. Therefore, we recommend that you open the top five links and crosscheck the casinos that appear the most.
Shortlist these websites, arranging them in order of their payout percentages.
Your next step is to review the websites you’ve shortlisted. Visit their websites and use the functions on offer to assess the site quality. A fast-pay casino may not meet your other gambling needs.
Some players prioritize available games, while others prefer excellent promotional offers. High-paying casinos may neglect some aspects due to their focus on payouts.
Remember to check for the customer support system mainly. Avoid casinos that default in this regard, as a responsive service team is instrumental when facing challenges.
The final step is to decide your choice of the highest or fastest payout casino, depending on your preferences. A casino with 97.67% RTP is excellent, but does it meet your game needs? Would you have more pleasure playing at a casino with 96.50% RTP?
Also, payment options may be influential too. You may prefer a site that accepts cryptocurrencies due to the extra security and anonymity, even if it isn’t the highest payout casino available to you.
There are hundreds of review websites available to Canadian players, some completely trustworthy and others not so much, suggesting that anyone can review casino payouts. What matters more is who you decide to trust when finding the fastest withdrawal online casino in Canada.
Accordingly, it would be best if you were careful when selecting the reviewer to follow. The following are two key factors to consider to determine if a reviewer is worthy of your trust.
The reviewer’s reputation remains the foremost criterion when evaluating its status. Reputable review websites are hardly wrong or biased with their publications, but you can’t say the same for sites with non-existing reputations.
However, note that although the number of years a reviewer has existed matters, you shouldn’t always measure trustworthiness with lifetime. New review websites may be correct with their recommendations too.
Interestingly, reputable reviewers may make mistakes too. As such, you should measure their trustworthiness with your experience. If a popular reviewer shortlists the five best payout casinos that turn out wrong, you figure out that you have to consider other websites.
The definition of a reasonable payout rate differs according to the casino and the player. For the former, it’s a percentage that leans more in their favour, while for you, it’s a rate in your favour. Casinos may not agree, but a reasonable payout rate has to be at least 96%.
However, as we’ve mentioned, these rates range between 75 to 99%. And while everyone wants the highest rates, you must understand that casinos offering RTPs under 96% aren’t necessarily lousy gambling avenues. Casinos may offer other unique benefits that justify their rates.
Focusing on the RTP at online casinos provides an excellent chance of a big win. Let’s check out the average payout odd percentages for each game type available at online casinos.
As slots are fondly called, one-armed bandits offer the broadest range of titles in any online casino. Thanks to the differences in themes, reel numbers, bonus rounds, and paylines.
Accordingly, it’s impossible to settle for a specific payout percentage, although it’s clear that slots (progressive jackpots) are the highest paying at all casinos. However, the payouts typically fall between 95 to 98% at most online sites.
Blackjack remains a high-paying casino title at online casinos, a courtesy that the deck number considerably reduces. In addition, unlike mortar and brick casinos that use eight decks, online Blackjack functions with only two tiers—a significant difference considering that the house edge increases by 0.02% for every deck that you add.
With this calculation, we may estimate that mobile Blackjack has 99.96% RTP.
Only one zero separates the two most popular roulette variations (American and European), yet it makes such a significant difference. Why?
A single-zero roulette game gives the house a 2.7% edge, but that number doubles to 5.26% for double-zero rounds. Therefore, we suggest sticking to the European variation (97.3% RTP) to enjoy the best online roulette payout.
Baccarat gambling presents you with two important choices: bank or player. The former gives you a 1.36% advantage over the house, while the latter provides the casino with a 1.36% edge over you.
Everyone would select the bank, but not all that glitters is gold. Casinos recoup their edge by imposing a 5% tax for bank stakes. Still, the bank remains your best choice because you still enjoy 98.95% RTP despite the tax.
Naturally, casinos maintain a neutral edge when playing casino war, a live dealer stake against another player. So you either win, lose, or break even.
However, some online casinos seize advantage of the possible tie outcome by offering the tie bet. The tie bet has a 97.2% RTP, which gives the casino a whopping 2.8% edge.
Video poker is the highest paying casino game on online sites, thanks to the Jacks or Better variant with a 0.1% house edge. As such, you enjoy a 99.99% RTP when you stake on this poker game. What’s better?
Aces and Faces has a 99.85% RTP while Double Bonus Poker offers 100.17%.
Knowing game odds before playing improves your winning chance, as you know what to avoid and whatnot. Here are the most favourable game odds you can find across online casinos.
Slots are the most popular games across online casinos. Here are the three highest percentage payout slot machines for Canadian gamesters.
All three games listed above are available as progressive slots. Winning any of them sets you up for life, with the most prominent casinos offering a prize pool of up to 20 million dollars.
The withdrawal process has considerably improved following the introduction of various payment options at the best payout casinos. Bank transfers that take 1-5 days still exist, but few still use them. Credit cards complete transactions within 24 hours, while online payment systems and cryptocurrencies wallet conclude your cash out within hours.
The cash-out process varies according to casinos but, mostly, the following are the steps to follow for the fastest payout casino timeframe:
First off, it’s necessary to know that the highest payout casino available to you may not be the fastest payout online casino in Canada. Transaction speed depends on the available options at a casino. Therefore, you may not have many options here.
However, you may find cross-border casinos that incorporate all payment methods. In such instances, let’s check out the average transaction speed for each method to help you make an excellent decision.
The best payout casinos offer instant cash out, especially if they focus more on speed rather than rates. This feature allows you to withdraw your winnings instantly as long as they satisfy all requirements. Cryptocurrencies and electronic wallets are the standard options for a casino instant withdrawal.
Best payout casinos offer players an unrivalled advantage over other casinos—the reasons why are obvious.
These new generation casinos offer you excellent payout rates and complete your transactions quickly.
However, we’d like to point out that although the best payout casinos excel both in speed and rate, some may prioritize one over the other.
Therefore, be sure of what you’re searching for during your research. Is the highest payout casino your preference, or would you prefer the fastest payout casino?
Sorting out this grey area helps to find an ideal casino for you quickly.
The best payout online casinos in Canada are Casino Tropez, Casimba, and Dream Vegas.
You can confirm if an online casino is trustworthy by checking for its licenses and certifications.
The highest payout slots include Mega Fortune, Wizard of OZ, and Thunderstruck 2.
A good payout rate has to be 96% at least.
You can cash out earnings faster by using electronic and cryptocurrency wallets.