Best Payout Online Casinos in Canada

Payout Rate is the percentage of wagered money that is returned to players over time. Every slot or game that you play has a certain payout percentage called RTP (Return-to-player). In this guide, we will help you understand more about how it works and how it affects your potential winnings.

What is RTP and How is it Calculated?

RTP is short for Return to Player, and is a ratio that shows how much you can expect to win back from a game over time.

So if an online slot game has an RTP of 95%, it means players are expected to get back C$95 for every C$100 bet on average. However, it is calculated by running thousands (or sometimes millions) of plays over a specific timeframe, not per gaming session.

Factors that Matter at Top Payout Casinos

If you're looking for the best payouts, there are a few factors that matter when it comes to casinos paying out more or less. Here are a few them:

• The number of plays and timeframe used to calculate the payout rate, such as 100,000.
• Random Number Generator (RNG) ensures fair play and that every outcome is random.
• Paytable structure for winning symbol combinations across a number of paylines.

Game selections at the highest payout online casinos offer a vast variety of categories and themes. The payout potential and RTP vary from the game type and the title you pick, with as high as 97% to 99% on average for RNG table games and 95% to 97% for slots. Yet, some slots can have a 98%+ RTP and stand out for the massive 20,000x+ fixed payout potential or the progressive jackpot. You should also consider volatility since a game with low variance pays small values more often, while a game with high variance works in the opposite way.

Top 15 Slots with Highest RTP

If you're looking for slots with better chances of winning, high RTP games offer a better probability of payouts in theory. A slot with an RTP of 97% or better is considered high as the odds are more in your favour on average. In the table below, we've done extensive research and picked 15 of the top high RTP slots to look out for.

Recommended Casino Games

Online slots are not the only games that have high RTP rates and better than average potential. Some other games like live dealer tables and RNG titles offer higher payouts, such as single deck blackjack, craps, video poker, and single zero roulette do too. However, in these games, the RTP is known as the house edge, particularly with live casino titles, which we will discuss in more detail in the next section. Below are some recommended specific variants of the highest payout casino games.

House Edge is the percentage of each bet that the casino expects to retain over the long term. House Edge in table games and gaming machines like video poker affects your odds of winning. It gives the casino a slight advantage over players overall by tiling the probability of an outcome from being completely 50/50. The house egde is a way for the casino to make some profit for providing its services. A game with a house edge of 2% will always make the casino 2% profit and return 98% to players on average.

What is the Difference Between House Edge and the Payout Rate?

The house edge represents the casino's profit margin, while the payout rate reflects the player's expected winnings. House edge is more commonly found on table games and is the casino’s advantage over you. Whilst RTP is found more on slots and is what you can expect to win over time.

Although they are essentially two sides of the same coin, they are displayed differently. If a game has a 5% house edge, it has a 95% RTP. Both figures help you understand your chances of winning on average and how much the casino will keep.

When it comes to casino bonuses, keep an eye out for various types that offer you benefits and potentially more chances to win. In the list below, we have outlined a few of the most popular promotions online. But remember, it's crucial to choose a bonus with low wagering requirements and high maximum bets. This makes it easier to turn bonus credits into real money and allows you to bet higher amounts.

• Welcome Bonus: The welcome bonus you can claim, usually on your first deposit, which boosts your bankroll immediately.
• Free Spins: Spin the slot reels a set number of times without any deposits.
• Loyalty Bonus: Collect points based on your wagering activity and use them to convert into bonus funds.
• VIP Bonus: Enhanced bonuses that will give you premium benefits and extra rewards.
• Reload Bonus: Make a deposit to your account and claim a deposit match bonus as a percentage of your deposit up to a certain amount.

Pay attention that each bonus has certain T&Cs, such as the qualifying deposit, betting cap, maximum winning limit, and compatible games. Then, you need to play through the bonus to withdraw it, meaning its value should be multiplied by the wager.

For example, with the case of C$20 x 30x = C$600, the bonus money becomes withdrawable only when you spend C$600 for bets on the site. Many casinos set a 30x to 40x rollover, but some offers, especially cashback, can have a lower value of 1x to 10x.

Different software providers have various RTP rates, with some specializing in higher RTPs than others in the range of 96.5%-98.5%. These brands are available at the best payout casinos in Canada and are known for offering better payouts on average.

We've picked a few top providers below for you to keep an eye out for with games with the best payouts and ones that give you a higher chance of landing a return.

Relax Gaming

A recognisable software provider that is active in over 60 countries worldwide with over 150 games in its portfolio, some of which offer the highest slot payouts.

Synot Games

A long-established provider of some of the best payout slots in the industry. Settled in 1997, it is known for its ancient civilisation themes and innovative features on the best casino payout.

BF Games

A creative brand that has developed over 100 stunning games. It is responsible for some of the best payout online slots we know and love today.

NetEnt

A software provider made famous by the iconic Starburst slot that is part of Evolution Gaming. The brand is well-known in the casino industry for its high paying games and has more than 400 slots in its portfolio.