Curious about which online casinos have the highest payouts? You’ve come to the right place!
To help you discover the best odds, our experienced team has compared numerous casinos.
RTP (return to player) payout percentages are not always easy to understand. Therefore, we’ve covered the topic in-depth.
Continue reading to learn more about what payout percentage means and why it’s important. This will help you determine the perfect Canadian online casino for you. Best of all, our list of top-paying online casinos below will help you win more, more often.
What is a “Best Payout Casino”?
Online casinos have many advantages over land-based casinos, including:
- Not limited by floor space
- Ability to offer more games and variations
- Not required to adhere to local regulations
These differences result in increased flexibility for online casinos. Therefore, they can offer higher payouts than land-based casinos.
However, not all online casinos are created equal. Some offer better odds than others. A “best payout casino” is an online casino that offers the best odds of winning. That is, it’s a casino with the highest payout percentage.
You might be wondering - what does payout percentage mean?
A payout percentage is a hypothetical average. This average is based on the total amount of money bet by all players. Therefore, if an RTP is 90%, you won’t necessarily win $900 when you gamble $1,000. Rather, for every $1,000 that is spent by all players over a specific period, $900 (in total) is paid out.
When considering payout percentages, it’s important to keep in mind that the amount paid out is not distributed equally. Some players will win big, some will win only small amounts, and some will lose. Regardless, the higher the payout percentage, the better chance you have of winning.
When it comes to slots, the slots with the highest RTP may not payout the most frequently. Instead, larger payouts will happen at random. This is due to random number generators.
Table games are different from slots. This is because table games can be based on skill as well as probability. An important factor to consider with table games is the house edge. A table game with a low house edge will subsequently have a higher RTP.
What is the house edge?
The house edge is the advantage that the casino has at any game. The house edge is a way for the casino to ensure revenue.
The most important thing to know is that a lower house edge means a higher payout percentage.
Determining the Best Paying Casinos
One of the most important signs of a high payout casino is a high RTP payout percentage. To determine the payout percentage of any online casino, read their auditing report. This report can be found on the casino’s website.
Auditing reports are completed by testing agencies. These agencies determine the fairness of online casino games.
In addition to RTP, there are several other factors to consider when choosing the best paying casinos.
Features to look for include:
- Fast payment methods for Canadians
- A safe and secure website that protects players’ personal and financial information
- Customer support that is easy to reach and focused on solving issues quickly
It’s also important to check that an online casino is certified by an auditing entity. This ensures that the casino is monitored monthly and that all games are fair.
Let’s take a look at some of the most common and respected testing agencies in the industry.
eCOGRA, or eCommerce and Online Gaming Regulation and Assurance, was founded in 2003. It is based in the UK.
eCOGRA helps to protect players’ rights by reviewing online casino games. Certification by eCOGRA guarantees an online casinos’ integrity.
GLI is also known as Gaming Laboratories International. This company was established in 1989 and is based out of New Jersey, USA.
GLI works with companies from all over the world. They are active in 480 different jurisdictions. Their focus is on testing, certification and other services within the gaming industry. They ensure ethical gaming.
iTech Labs was established in 2004. iTech Labs’ head office is located in Melbourne, Australia. The company also has offices in:
- United Kingdom
This organization is another testing authority. They ensure that online casinos are safe and fair for players.