Best Online Casinos Payouts in Canada

The world of online casinos is vast and offers gamblers entertainment beyond measure. Online gambling provides players with a more convenient option compared to going to a land-based casino. Even so, gamblers in Canada and all over the world will always choose to go where the payout potential is the best. The best option for any player is the game or experience that offers the best chance of winning. Having fun while succeeding at increasing your bankroll is what gambling is all about.

This is why we look into how payouts work and what to consider when looking for the best online casino games and the best odds. So, you won’t have to go anywhere and enjoy your casino experience with better chances of winning, right from the comfort of your home or anywhere you choose to play. The details can be a bit technical, but at the end of it all, you will have a better understanding of how payouts and payout rates work at any given casino, land-based or online. Even though payouts at online casinos are much better in comparison.

Online Casinos with the Best Payouts in Canada

1
$500 Bonus
Payout Speed 2 days
Win Rate 98.56%
2
CA$ 500 Bonus
Payout Speed 1-2 days
Win Rate 96.68%
3
CA$ 450 Bonus
Payout Speed 1-3 Days
Win Rate 95.5%
4
CA$ 300 Bonus
Payout Speed 1-3 Days
Win Rate 72%
5
CA$ 500 Bonus
Payout Speed 1-3 Days
Win Rate 95.5%
6
$ 12,000 Bonus
Payout Speed 2 days
Win Rate 96.14%
7
CA$ 1100 Bonus
Payout Speed 1-2 days
Win Rate 98.75%
8
CA$ 1,000 Bonus
Payout Speed 2 days
Win Rate 97.46%
9
CA$ 1,600 Bonus
Payout Speed 1-2 days
Win Rate 97.89%
10
CA$1000 Bonus
Payout Speed 1-3 Days
Win Rate 96.5%

Why Payouts Are Better at Online Casinos

So, now we know that online casinos offer better payouts than those at land-based casinos. Let’s find out why and how this is accomplished. While both types of gambling experiences offer the same gaming facilities, it’s good to remember that online casinos are not limited by space and have no physical property to upkeep. This means that online casinos can offer players more than hundreds of different games that completely outmatch some of the best land-based casinos around the world. While the physical atmosphere is not there, the odds of winning at an online casino is much better for the player.

Aside from the number of games online casinos can offer, there are also a vast number of variations on classic and new casino games. Even though it is the same game, slight differences can mean that players get better payouts and odds from games they have thoroughly enjoyed in the past. Additionally, land-based casinos need to follow the regulations set out by their geographical gambling jurisdiction. Meaning that versions of a game that would otherwise be available aren’t allowed in a given location. A good example is American Roulette, which is the same as other roulette games but has an extra zero on the wheel. While it doesn’t seem like a big difference, the addition of the zero increases the house edge significantly.

Additionally, it is cheaper to run an online casino than a land-based one. The overhead costs are far fewer and easy to understand. With an online casino, there are fewer bills to pay and no need to purchase or rent large buildings to set up games. Online casinos also employ less staff to work on day-to-day operations. With all the savings online casinos are privy to, this makes it easier for the house to give back even more to its players. The amount of money available to give back to players at an online casino is much more than at a land-based venue and there are far fewer variables to consider when there is a physical location to maintain.

Casino Games Odds and Payouts

Now we want to see what the house edge for specific games are and find out which games are best suited to offer higher payouts. In this section, we will look at the house edge, based on which game and the rules or variants of the game. Choosing the right version of the game for the player can offer better odds.

Baccarat

  • If Banker rules are used then the house edge is 1.06%.
  • The use of player rules means that the house edge is 1.24%.
  • When it comes to Tier rules then the house edge goes way up, to 14.36%.

Blackjack

  • When blackjack is played and based on Vegas Rules the house edge is 0.28%.

Video Poker

  • Using the Jacks or Better rule brings the house edge to 0.46%.

Roulette

  • The rules of European Roulette means there is a single zero on the wheel and is good for a house edge of 2.70%.
  • When it comes to American Roulette the odds increase significantly in the house’s favour because of there being two Zeros on the wheel that works out to a house edge of 5.26%.

More Information on The Odds by Game

Online Baccarat

Online Baccarat

When playing Baccarat, the player will gain the advantage when betting on the banker. The player gets a 1.36% edge over the house. However, the house will still try to put the odds in their favour. There is a 5% tax when you bet on the banker adding extra to the house’s pocket in this instance. Even so, when the edge gained over the house and the tax is combined the player is still left with an edge of 1.17% over the house. Which still makes betting on the banker more profitable than betting on the player.

Online Blackjack

Online Blackjack

When playing a game of Blackjack in Las Vegas, dealers need to stand on a soft 17. Players are then able to do re-spilts and any two cards can be doubled. Additionally, to prevent card counting, Live Blackjack uses eight decks of cards. However, when playing at an online casino there is more freedom in the game. Players can choose between playing with 1-8 decks. When a deck is added, the chances of the player getting a better hand is increased, but the house edge increases by about 0.02% with each deck added. So, if the player uses fewer decks, then the edge over the house is much better.

Online Roulette

Online Roulette

There are two basic versions of Roulette. European Roulette offers a spinning wheel with one zero. Whereas American Roulette has a spinning wheel with two zeros. The fewer zeros there are on the wheel, the better the odds are for the player. Where the house edge is reflected as 5.26% when playing American Roulette, the house edge drops significantly to 2.70% when playing European Roulette. While it may not seem like a drastic change to the game, the difference in the odds is easy to see as well as the better choice for the player. That is, European Roulette.

Video Poker

Video Poker

When playing a game of online video poker with Jacks or Better rules, the house edge is 0.46%. These are good odds for the player, however, players need to know what to do in the game to get these favourable odds, especially, when there is a range of online poker variants offered at online casinos. There are also ways to get even better odds for online poker. Here are a few strategies to try and the payout ratios players can expect:

  • Jacks or Better - 99.54% payout ratio
  • Double Joker Poker - 99.96% payout ratio
  • Deuces Wild - 99.00% payout ratio
  • 7s Wild - 98.80% payout ratio
  • Aces and Faces - 99.85% payout ratio
  • Double Bonus Poker - 100.17% payout ratio
Game Payout Ratio
7s Wild98.8%
Deuces Wild99%
Jacks or Better99.54%
Aces and Faces99.85%
Double Joker Poker99.96%
Double Bonus Poker100.17%
Online Slots

Online Slots

There are tons of online slots to choose from at online casinos in Canada, and the odds for each of them differ. Some may be the same while others change with their payout ratio. The general payout ratio that players should be looking for is 95% or higher, to stand a better chance of winning. These odds are also way better than what players would find at a slot machine at a land-based casino. So, when it comes to online slots, it’s best to check the payout table and make sure what to expect before placing your bet and spinning the reels.

Slot Game Payout Percentage
Wheel of Fortune94%
Triple Diamond95%
Thunderstruck 296%
Wizard of Oz96%
Mega Fortune96%

Our Final Thoughts

For a better chance of winning, based on the evidence and the odds, online casinos are better equipped for players to benefit. While land-based casinos offer the live experience and general gambling atmosphere we’ve experienced before and seen in movies, the house edge is always higher.

Playing at an online casino is more exciting as the games move faster, players have quieter surroundings and the games are usually cheaper to bet on as well. Online casinos also offer more versions of the most popular games and have no laws restricting players based on geographic location.

Switching between games at an online casino is also another perk, there are no lines so players don’t have to wait for an empty seat at the table or wait till another player finishes their round at a slot machine. Bolstering the players’ bank balance is better done at an online casino where the odds are slightly more in favour of the player.

Game Bet / Rules House Edge
Baccarat Banker 1.06%
Player 1.24%
Tie 14.36%
Blackjack Vegas Rules 0.28%
Video Poker Jacks or Better 0.46%
Roulette Single Zero 2.70%
Double Zero 5.26%
Casino War Go to war on ties 2.88%
Surrender on ties 3.70%
Bet on tie 18.65%

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Online Casinos Payouts FAQs

What is a payout rate?
The casino payout rate or percentage is the projected return on a wager at the casino. Different casino games also have different payout ratios. For example, slots can have a 97% payout rate in some cases, which means that you’ll get CA$97 back on your CA$100 bet.
Are the odds at my local casino better than online casinos in Canada?
Usually no, given land-based casinos costs to maintain its properties, the house edge is favoured.
Which version of roulette offers the best payouts?
European Roulette, there is one zero on the spinning wheel which creates a better chance of winning for the player.
What are the payout percentages for online slots?
Online slots differ from game to game. It is best to check the pay table before starting to play and finding out what the payout percentage is, 95% or higher is considered to be a good ratio.
Am I limited to playing with eight decks in blackjack at an online casino?
No players can choose how many decks they want to play with. The maximum number is eight, but with more decks the house edge increases.
Why was I charged extra when I placed a bet in baccarat?
If you bet on the banker, there would be a 5% tax. However, the tax combined with the odds gives the player a better chance of winning.
What is a good payout rate?
In our opinion, anything above a 96% payout rate is considered to be good. You can see the payout rates in any of our recommended online casinos above.
What’s considered as a fast payout?
The best online casinos typically aim to payout as fast as possible within 24 hours or less.
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