Best Payout Online Casinos

Online Casinos that have the Best Payouts

When you’re selecting an online casino, you must consider many of its aspects. How rewarding are the bonuses? What kind of games can you play? How good is the software? These are just some of the main questions that you need to ask yourself before committing to a casino site.

However, we can all agree that online casino gaming is all about one thing — winning money! Now, of course, casino games are designed to bring profit to the casino and not the players. No matter which casino you choose, it is likely that you will lose money in the long term.

Nevertheless, you can always look at a few things to minimize your risks and to increase your chances of winning big. So, without further ado, here are a few casino sites that offer the best potential payouts. Enjoy!

How to Spot the Best Payout Online Casino?

There are many things that can be attached to the phrase “best payout” when it comes to casino sites. Some players attach it to the best chances of winning, while others focus on huge jackpots. In any case, we will cover everything that can give a casino site the label of the best payout casino, namely the following:

• Payout percentages (return to player)
• Jackpots
• Banking methods with fast payouts and high withdrawal limits
• Player promotions and wagering requirements for bonuses

Payout Percentage

Many new online casino players are confused when they first come across the term payout percentage. In the simplest way we can explain, a payout percentage is a percentage of wagered money you can expect to win back.

For example, if you wagered C$20 and a casino site has an average payout percentage of 97%, you can expect to get C$19.40 back. All casino games are designed to give the casino a profit over an extended period, so the payout percentage will always be under 100% no matter what.

Of course, just because a casino site in our example has an average payout percentage of 97%, that doesn’t mean that the payout percentage will be the same for all games on that website. Some games are more generous than others, so it really depends on what types of games you like playing.

Video slots are the most popular casino games, but they don’t have the most rewarding payout percentages. Payout percentage in video slots is referred to as RTP (return to player). The industry’s average is about 96%, but you can find games with an RTP of above 97% or even 98%.

Generally speaking, the biggest return you can expect is offered by blackjack, where the RTP can even be well above 99%. Apart from luck, blackjack is also partially a game of skill, and your payout percentage will depend on what strategy you’re using. The same can be said for poker, where variations such as Casino Hold’em have an RTP of 98.6%.

All popular versions of baccarat also have a payout percentage of above 98%, while the least rewarding game is roulette. European and French roulette has an RTP of 97.3%, but American roulette only has a payout percentage of 94.34% because of the double zero.

Jackpots

Every casino game has a jackpot, or the highest amount of money that you can win. Most casino games have fixed jackpots, like blackjack, roulette, and video poker, and the height of the jackpot depends on how much money you are willing to wager. These games have predetermined rules, so it doesn’t really matter which casino site you’re playing them on, as the mechanism for winning the jackpot will always be the same.

On the other hand, there are games with progressive jackpots, as is the case with many video slots. These games have community pots that increase in value every time someone places a wager. Once the winning player hits the right combination, the whole pot goes to them and resets back to zero. Because of this mechanic, progressive jackpots can potentially be worth millions of dollars. Thousands of players are playing progressive games at any given moment, so the chances of you being the lucky winner are slim, but the potential reward makes it worth the risk.

So, if you want to win big and get a chance to become a millionaire overnight, you should look for casinos that have plenty of progressive jackpot games. You can find those games on sites that have large selections of video slots. Be aware, though, that to be eligible for the progressive jackpot, you will need to place the maximum wager.

Fast Payouts and High Withdrawal Limits

Banking is often an overlooked part of online casinos. A casino might have rewarding games with high RTPs, but that doesn’t mean much if the payment methods are slow and don’t allow you to collect your large winnings in one go.

When searching for a casino site with the best payouts, you should also check its banking page. See what kind of payment methods are accepted and what the minimum and maximum withdrawal limits are. The limits can depend on the casino site itself, but the limits depend on the payment service you choose as well. The highest limits are usually offered by bank wire transfers and cryptocurrencies like Bitcoin and Ethereum.

Most online casinos have weekly and monthly withdrawal limits regardless of the payment methods you’re using. If these limits are low, it could take quite some time to get your big win into your bank account.

The quickness of withdrawals is also important. If you’re allowed to collect your winnings in a short timeframe, it’s a sign that the casino is fair and reputable. On the other hand, if the payments take longer than expected, you might be playing on a scam casino site, so high payouts might not matter.

Pending times are usually around 24 hours, although they can sometimes take 48 or 72 hours. This can also depend on your membership status (VIP level) on the casino site. The time it takes for the money to reach your account depends on the method.

Bank wires have high withdrawal limits, but are also one of the slowest options. Cryptocurrency is the fastest in that regard, as the money is received almost instantly. Other popular methods include credit cards and e-wallets, and while they might be fast in terms of payment processing, they usually have lower limits.

Bonuses and Wagering Requirements

Bonuses and promotions are a way for online casinos to lure players onto their websites. Almost every casino site has a welcome bonus that will reward you once you create an account there and put some money into your account. There are even some bonuses that don’t require a deposit at all, but these are usually low and have high wagering requirements.

However, this doesn’t mean that player bonuses don’t matter, as you can turn them into withdrawable cash with a little bit of luck. When searching for online casinos based on the quality of their bonuses, you should not only be focused on the size of the bonus. A given casino operator can promise you a 100% bonus on your initial deposit up to C$1,000, but there are a lot of things hiding behind that welcome bonus banner.

Wagering requirements are the biggest obstacle for cashing out high payouts. Bonuses allow you to win thousands of dollars, but these will still be credited to your bonus funds and not withdrawable. That means that you will have to play your bonus winnings over a few times before being allowed to request a cashout.

In most cases, wagering requirements are around 35x. So, if you’ve won C$100 with your bonus money, you will need to wager a total of C$3,500, before you can withdraw your bonus winnings. Some casinos are more generous in this regard and offer bonuses with wagering requirements of only 20x. The difficulty of meeting wagering requirements depends on many things, like the value and type of the bonus, and the types of games that are associated with the bonus, among other things.

FAQ

What is the highest payout casino game?

The highest payout is offered by progressive video slots. Jackpots in these games can be worth millions of dollars, and the only requirement to win is to get lucky and land the right combination of symbols in a single spin.

What is a payout percentage?

A payout percentage is an estimated percentage you can expect to win back from a casino site. If the site has a payout percentage of 98%, that means that every C$100 wagered will bring you C$98 back on average.

Which games have the best payout percentage?

Some forms of blackjack, when played with the right strategy, can have a payout percentage over 99.7%.

What is the fastest online casino withdrawal method?

The fastest methods include credit cards, e-wallets, and cryptocurrency. The pending times for withdrawals are usually 24 hours, after which you need to wait a few hours up to a few days to get the money in your account.

Which online casinos have the best payout?

To learn about the best payout online casinos in 2020, refer to the list in our article. These casino sites have rewarding bonuses, fair games, and reliable payment methods.