All About RTP in Online Casinos
RTP or Return to Player is a figure denoted in percentage that measures the degree of earnings by a casino player that goes back to the players. Hence, the name “return to player”. It is usually seen as a positive measure of how good a casino is when it comes to payouts. However, it should not be taken at face value.
RTP in online casinos is usually in the range of 50% to 99%. You will hardly see any casino that promises 100% payouts because it is not logical. When a casino promises a 97% payout, what it means is that from all the money that it earns from users as wagers, it only earns 3%. The rest is collected and given back to users in the form of winnings, jackpots, and progressive payouts. This is why a 100% RTP is not technically possible for a profit-making casino site.
However, you should not see 97% as a strict personal figure. For instance, a 97% payout does not mean that you will get $97 if you play using $100. That would require you to be constantly lucky. Instead, it means that out of all the money that a casino gets on a single day/week, it gives back 97% of that money as winnings. If you’re lucky, you may get a chunk of it. But for that to happen you have to play.
As you can see, RTP is usually seen as a way to measure a casino’s authenticity and how its games are. While a higher RTP may not mean anything personally to you but it provides a positive outlook of how the larger casino ecosystem is for that particular casino.
In short, when looking for the highest paying online casinos, look at the overall RTP and those for the games you are paying. The higher the RRP the better.
High Payout Online Casinos in Canada
For your convenience, we have listed the highest payout online casinos in Canada below. If you’re a newbie, just choose one of these and get started on your gambling journey.
Betsafe
With an average RTP of 97%, Betsafe is one of the all-rounder casino platforms in the world. Boasting a heady mix of reputed vendors and casino games, it is one of the few websites that also offers sports betting and live gambling.
Casino Planet
At 96% average RTP, it is a tad lower than Betsafe but still a good choice for most users. You can choose from over 1,300 different games across categories.
King Billy
King Billy has an average RTP of 95%, which is still higher than the industry average of 88%. With a wide variety of games across slots, table games, and live casinos, King Billy is a surefire choice for most gamblers.
Spin Casino
One of the most renowned casino sites in the world, Spin Casinos is better known for its bonuses and multiple game categories. Its average RTP stood at 97% in 2022.
888 Casino
At an average RTP of 96%, 888 is another great contender if you like a good mix of bonuses, game variety, and impeccable customer support. With 888 and its standalone ownership, you don’t need to have any doubt about its games being rigged or manipulated.
Jackpot City Casino
At just over 95%, Jackpot City claims a higher RTP because of its reliance on only reputed vendors like Microgaming. As you know, the RTP heavily depends on what vendors and games are hosted on a site. And with only reputable names in its roster, Jackpot City is a definite beast on this list.
Bob Casino
At 96%, Bob Casino has a decent RTP figure. This is all influenced by its higher weightage on slot games.
Mr.play
At 99%, mr.play is another top paying casino for Canadians. The only drawback, however, is that it is a UK-based casino site, so you may have to consider the CAD-GBP exchange rate and arbitrage costs if you plan to register.
Royal Panda Casino
Royal Panda has a variable RTP and it ranges between 95% and 99%, thanks to its practice of tailoring games according to demand and supply. If you are someone who likes to try and play new games, head to Royal Panda.
Rizk Casino
Rizk has an RTP of 96% and focuses on table games and slots. You can play table games like roulette and stand a better chance at winning.
We have vetted these casinos and can vouch for their overall and game-specific RTPs. In other words, you are bound to win more and better while playing at these casinos than at other casinos.
How We Rated the Casinos with Best Payouts
The biggest factor while rating a casino is RTP, a figure used to measure how fairly it redistributes its winnings. While a higher RTP definitely means better winnings, we also checked it against the total number of games. It is better to have an RTP of 97% of a casino that hosts 1,000+ games than a casino that hosts 100 games with an RTP of 98%. The sample size has to be big enough for consideration.
Other factors include the number of tournaments and championships hosted, sweepstakes, progressive jackpots, and bonuses. If a casino has a good balance of tournaments, jackpots, and has a VIP club, it is assumed to have a better payout than its competitors.
Bonus Offers at Top Payout Casinos
As noted in the previous section, bonuses and promotions also influence payouts to a certain extent. Apart from sign-up bonuses and welcome packages, a casino should have frequent deposit bonuses, cashbacks, game-specific bonuses. Out of these, look for game-specific bonuses.
This is beneficial because having a bonus/cashback on a game naturally increases its RTP. It also means that the vendor is promoting that game, so you are more likely to win a higher payout.
Periodic tournaments with low entry barriers, VIP club or loyalty program, and progressive jackpots are other types of promotions you should check.
High Payout Casino Games
Another way to maximize your payouts is to play those games that naturally command a higher RTP. For this, we should first understand how RTP is calculated for certain game types. Here’s a quick summary of high payout casino games.
- Slot games – Highest RTP because they are shorter and require very little money to play
- Table games – Purely luck-based games, which makes their RTP higher than 95%
- Card games – These tend to have low RTP (around 90%) as they also involve strategy
- Live dealers – Low RTP due to game strategy and low participation
Even in these categories, you should opt for better vendors. Known software providers like Microgaming and NetEnt are bound to have higher payouts compared to new vendors.
Best Payment Methods at Top Payout Casinos
While banking options do not influence the payout mechanism in any way, you should still choose a fast method. This will help you deposit and withdraw money faster, and as soon as the money is deposited into your casino account.
According to our research on banking options, we believe electronic payment systems and e-wallets are the best ones to use for huge payouts. They not only have higher upper withdrawal limits but are also safer and faster than traditional methods. Some of the best options available for Canadians are listed below:
- PayPal
- Neteller
- Skrill
- MuchBetter
- iDebit
- Instadebit
- Interac
In any case, using bank/wire transfer is never a good idea. It takes up to 3 days for withdrawals and might also incur charges. You are better off using a VISA or Mastercard credit card to make the payment, in comparison.
Exercising Control Over the Best Payout Casinos
One thing that adds to the safety and security of your data and money is how top payout companies are regulated and monitored by agencies. These agencies monitor the payout percentage and look at fair play statistics of casinos. Following are some of the noted agencies:
eCOGRA
eCommerce Online Gaming Regulation and Assurance (eCOGRA) is an independent agency based out of London that oversees RTP and other gameplay statistics of gambling companies across the world. It mainly focuses on fair play, software inspection, and responsible marketing.
GLI
Gaming Laboratories International is an inspection and certification body that monitors fairness in online gaming. Like eCOGRA, it is also an independent body that is hired by casino companies to certify themselves.
iTech Labs
Another quality assurance testing provider, iTech Labs looks at casino game prices, fairness, and overall RTP statistics to see that users are not fleeced. It’s one of the leading organizations in this field.
As a user, you can also report incidents to these companies if you feel you were cheated or if a game that you played was unfair to you. Having these tools at your fingertips is a good way to ensure that you do not get cheated by any casino company. This is all the more important for high payout casinos.
Which games have the highest payouts?
In our gambling experience, popular progressive slots that have a high entry price give the highest returns. As these games have a greater number of users playing at any given point of time, the progressive jackpot is usually to the tune of millions. The global patronship – where people from around the world participate – also helps. Other games include roulette, card games such as poker, and lotteries.
How do you determine the payout percentage at a casino?
The payout percentage is usually determined by the RTP figure. It stands for Return to Player and gives you a rough idea about the money that comes back to players from the company. However, this is not a face value figure as winnings are purely based on luck or random selection. For example, if 100 users deposit money and wager for a game, only 1 or 2 players might win. Even then, the share of winnings between them will be disparate as it will depend on several other factors too.
Are high payout casinos safe?
Yes, high payout casinos are as safe as any other casinos. In effect, they are safer than most companies as they deal with huge volumes of money. You will often find that the security systems of such casinos are top-notch.
Are withdrawal fees charged at these casinos?
Most casinos do not charge withdrawal fees. However, there may be a minimum and maximum withdrawal limit. It also depends on the payment system that you choose.
