Best Payout Online Casinos in Canada
We often base our decision to choose an online casino solely on the games available and the welcome bonus, ignoring the importance of the average payout rate of a casino. Choosing the best payout online casino is essential as we play with real money in the hope of winning real money which we can cash out, otherwise what is the purpose of gambling at all!? However, not all casinos are ready to pay out in the same way, and it is important to be able to distinguish the genuine casinos that do their best to process withdrawal requests as efficiently as possible and that can offer truly rewarding bonuses.
In this best payout casino guide, we will provide you with a list of the best online casinos that payout, together with a comprehensive guide on what to look for when choosing an online casino that pays up, providing all the tools necessary to make an informed decision that will enhance your overall gaming experience.
Top 5 best payout online casinos 2020
Casumo Casino - 97.23%
Playamo Casino - 96.94%
Videoslots - 96.57%
Win up to 4,200 Extra Spins!
Playzee Casino - 96%
+ 500 Zee Points
LeoVegas - 95.63%
What makes the best payout online casino?
There are a number of factors to keep in mind when choosing the best payout online casinos, thus we have put together the below checklist to ensure you know what to look for when joining an online casino:
- A license from a respectable gambling jurisdiction - playing at a legal online casinos means that the casino follows strict regulation ensuring fair treatment and timely payouts for each player, imposing tough penalties on all those casinos who break the law.
- High RTP percentage both for the casino and the featured games (more on this further down below)
- Low wagering requirements - most casinos impose wagering conditions on any allocated bonus offers of around 20 to 40 times. This is quite standard at most casinos, however, you do occasionally come across a casino that offers lower wagering terms providing players with plenty of opportunities to win more.
- Globally trusted banking options - to withdraw your winnings it is important for the online casino to partner with the most popular and secure payment methods available ensuring players can choose a reliable way to receive their funds.
- No caps on winnings - we shall explore this further down below
Best payout online casino rates
When choosing an online casino to play at it is worth taking a look at the payout percentages which indicates the return to player in terms of winnings against the amount the player wagers at the same casino. The payout percentage can be associated either with one particular game with the purpose of indicating how much a player can expect to win or else it indicates the payout possibilities one can expect from an online casino. These statistics are usually taken by independent audit companies like eCogra, whose purpose is to check a casino's fairness and payout rates, with most casinos publishing the results on their homepage. The results may vary from month to month, especially if the casino had a big win, however, they are still good indicators of what to expect from an online casino.
One way which enables a player to check if an online casino is paying out is by using an online tool known as Slot Tracker. This tool allows players to check the RTP of a casino on statistics based on players owning this software and playing at the same casino, without the player having to rely on the RTP percentage stated by the casino. The results of this software are based on winnings obtained by other players owning this software, ensuring the statistics are as true as possible and based on actual played games and winnings incurred.
Best payout online casino games
One thing that affects the payout percentage of a casino is the Return to player percentage of the featured games. Game providers often allow the online casino to adjust the RTP of their games. Online casinos are also required to provide the RTP percentage of each game making sure each player knows what to expect in terms of winnings for each game. However, it might be worth comparing the RTP percentage of the same game with various casinos to have the opportunity to choose the one with the highest statistics. This is also an excellent way of evaluating the online casinos with the highest RTP games as these are the best payout casinos in the gaming world. Below we have compiled a list of the best payout casino games available at most online casinos:
Bonuses with the best online casino payouts
Online casino bonuses are a great way to increase your bankroll, giving you the opportunity to win more while losing less. The best online casinos would always provide players with at least a welcome bonus, awarded to each newly registered player either in bonus money or else in free spins. Should this bonus offer come with low wagering requirements, it would mean that the payout will be higher when its time to cash out your winnings. We have done a bit of research and we have come across the below welcome bonus offer from Leo Vegas casino which comes with no to very low wagering requirements:
This popular online casino welcomes Canadian players in style with 22 cash no deposit free spins for the Book of the Dead slot. These free spins come with no wagering requirements, allowing players to cash out their winnings right away. Furthermore, this casino has taken a further step to ensure that all new Canadian players feel welcomed and appreciated with an additional $1000 and 100 extra free spins spread over the first four deposits. Just like the other free spins, these come with no wagering conditions while the bonus money comes with only a wagering commitment of 10 times.
Best Canadian online casino payouts - fees & caps on winnings
Caps on winnings
One thing to look out for and which affects the payouts are caps on winnings. Nowadays, most online casinos do not impose such terms, however, it is common to come across bonus offers with caps on winnings especially when that offer involves free spins. Caps on winnings limit the amount you can win, and should you land a big win while using any of these free spins, the probability is you have to forfeit your winnings. This is the casino's way to ensure that players who are spinning with no deposit free spins don't win a large amount of money without having deposited or wagered any of their real money, prompting them to never return to the casino again. Thus, it is always important to read carefully the terms and conditions of any bonus money or free spins that you receive.
Something that very few players know about is withdrawal fees that are quite common amongst a number of online casinos. Some casinos have totally waived them allowing the players to withdraw their winnings free of any charges from the casino. These charges can by from 1 to 3% of the sum requested for cash-out, reducing your winnings. Thus it is important to check with the online casino the withdrawal requirements before registering and playing.
Best Payout casino guide to speedy payment methods
Once you have located a casino with great payout expectations, it is time to look at the speed with which the casino processes requests for withdrawals. The most respectable casinos do their best to process the request within 24 hours, recognising how important this is for players. However, following today's regulations, most casinos would request additional documentation related to player safety and responsible gambling. The casino may ask for a copy of your ID or passport, a copy of your bank card, as well as, a few payslips to verify the origins of the funds wagered. To speed up this process you might want to have these documents on hand before making the request to reduce any delays the processing department might have to face.
Another aspect that affects the withdrawal process is the payment method of your choice. E-Wallets are by far the fastest payment options out there with the possibility to receive funds instantly in a reliable and secure way. Payments done through plastic cards, bank transfers and any other method might take longer and this delay is something the casino has no control over as speed of such payment processes are purely at the discretion of the payment provider.
Choosing the best payout online casino in Canada
If you keep in mind all the tips we have shared in this article it is not so hard to locate a good payout casino for your online gambling. We cannot stress enough the importance of choosing a casino with a license from a reputable gambling jurisdiction as well as a casino featuring high RTP games to make a decent return from your gambling, ensuring the experience is both an enjoyable and a rewarding one.