Best Payout Slot Machines in Canada

When gambling online, it’s not just about finding the highest percentage payout slot machines. Your first step is to find the best online casinos Canada that are licensed and audited by relevant authorities. Then, the gambler can easily choose slots with great payouts.

We tested and reviewed some of the most popular casino sites for Canadian gamblers. Check out our top list, and you’ll find a website that boosts your potential to win money.

Test Slots with Record Payout Percentage in Canada for Real Money

We suggest Canadian online casino real money sites, which enable you to play and win as soon as you sign up and make a deposit. When you choose the best payout online slots and play with a plan, you increase your chances to win more than you lose.

On our website, you’ll find a great collection of reviews for the best paying online slots. We played the games with real money, and checked if the provider’s declared payout rate is realistic. That being said, if a slot pays out 99%, it doesn’t mean that you’ll get 99% of the money you bet back. It means that out of the entire income a slot generates over a specific period of time, 99% is paid back to players. You may win a massive amount, but there’s also a chance to lose. That’s why you need a strategy once you choose a great slot.

After testing multiple games on different websites, we created this top list. We’ll list the provider and slot machine payout rates, too. This list will make it easy for you to start playing the best online slots.

The Meaning of RTP and Payout Percentage of Slots

We see these percentages declared for the best payout slot machines, but what exactly do they mean?

Let’s clarify one thing first: the RTP (return-to-player) rate is the same thing as a payout percentage. It’s the overall percentage that the machine pays out to players over an extended period of time. However, it’s also the percentage of an investment that the average player is expected to return when playing the same slot for a prolonged period of time.

That being said, it’s important to remember that the online slots payout percentage doesn’t guarantee that you’ll get such a return. It’s an average estimation. You may end up with a lucrative profit if you win a large bonus, but you may also lose much more than what you win.

The Math: How Are Online Slot Machine Payouts Calculated?

Let’s illustrate an example, so it will be clear what you can expect from the best payout slots online. A player chooses a slot with an RTP rate of 97%. They play the same game over the course of an entire year, and they spend a total budget of $1,000 on it. Over this period of time, the slot is expected to pay them $960 in the form of winnings.

Remember: this is a statistical average. In reality, the return depends on your choice of a line, the height of the winning bet, and mostly your luck.

Understanding Gambling Concepts: Variance and Volatility

There is a concept that gamblers should be aware of when searching for the best payout slots: variance (also known as volatility).

A game’s variance tells you how frequently it pays out. If the variance is low, it means that the game pays frequently, but the amounts are small. If the variance is high, it means that the game rarely pays out, but the winnings are massive. Variance and volatility are complete synonyms. When searching for the best payout online casino canada, you’ll see both terms interchangeably.

If you’re searching for slot machines with the highest percentage of payout, the volatility won’t make a difference. Both low- and high-volatility slots are expected to pay out the declared percentage over an extended period of time. But high-volatility games will rarely pay, which means that you’ll need to play longer. We have to mention this again: bonuses or jackpots are never guaranteed.

Authorities that Audit Slot Payout Ratios and RTP

Gamblers often wonder: “How how do online slots payout? Can I be sure that the declared RTP is real?” That’s what authorities are for. These organizations ensure that the games are developed in accordance with the RNG (Random Number Generator) concepts, and they pay out as expected. These are the most prominent organizations that audit software developers, games, and online casinos:

• eCOGRA – A London-based agency that tests games and casinos. When you see the eCOGRA certificate featured on a gambling site, it means that all its games and practices are considered fair.
• GLI – Gaming Laboratories International has been providing certificates and testing games since 1989. The organization’s headquarters are located in New Jersey.
• iTech Labs – This is an Australian testing laboratory that tests online gambling systems and provides independent certificates.
• TST – Technical Systems Testing is a Canadian auditing agency that performs a variety of tests for games and online casinos. These tests check if the declared rate for the highest paying slots online reflects the actual income-to-payout ratio.
• PWC – This is a large international auditing network. It’s very professional and trusted in a variety of online industries

Bonuses You Can Get for the Best Payout Slots

You get better chances to win money on the top paying slots when you use a bonus. This way, the casino adds funds to your account, so you play with more than what you invest. A great bonus actually boosts the RTP rate of the highest payout online slot machines.

In most cases, you’ll have to play through the bonus amount for a certain number of times before you can withdraw your funds. But in general, players benefit from good bonuses.

Let’s list the commonly awarded casino bonuses Canada:

• Welcome bonus – The player gets a first deposit match (it’s usually 100%, but it may be greater). For example, if you deposit $10, you’ll play with $20. This offer may extend to the second and third deposit, too. It may also come with free spins as an extra to the deposit match.
• Free spins – Many casinos offer free spins to new and returning users. You should know that free spins are usually rewarded on selected games, which may not be the best paying slot machines.
• Bonus codes – Online casinos send unique codes to their email subscribers. You may get a bonus code for your birthday, or for any other special occasion. You can also find valid bonus codes across different websites that refer you to online casinos.
• Reload bonus – This type of bonus is intended for returning users. If they load their balance after going through their first deposit, the casino will reward them with extra credits and/or free spins.

How to Find the Slot’s Payout Percentage

The RTP rates for the highest paying online casino slots is usually declared by the software developer and the casino site. There are many online reviews that also include payout rates on different slots, but you should double-check the information to make sure it’s real.

When we feature the slot payout percentage it comes from an official source. Some providers don’t declare the return-to-player rate, so we don’t include those games in our lists of high-paying slots. Instead of checking the rate on each game you’re interested in, you can go through our list and safely play the titles you like.

We give you a list of well-established and new Canadian casinos that transparently share the RTP on their games.

Deposit and Withdrawal Methods for Playing Online Slots

When playing in an online casino with high payout slots online, it’s important to choose one that accepts Canadian dollars and offers banking methods that are widely available for Canadians. We suggest these deposit and withdrawal methods:

• Bank transfers – They aren’t convenient for small deposits, but are perfect for large withdrawals. Canadian players who want to use bank transfers usually search for InstaDebit casinos.
• Electronic wallets – They are safe, fast, and great for deposits and withdrawals. You can choose a Skrill, Neteller, or a MuchBetter casino if you prefer eWallets.
• Cryptocurrencies – Several websites accept Bitcoin, Ethereum, and other cryptocurrencies. You can also access online casinos CAD that accept payments in dollars
• Prepaid cards – If you want to be in full control over limited deposits, it’s best to use a prepaid card for online gambling. You can’t spend more than what you put on this card. Online casinos accept Visa Prepaid, MasterCard Prepaid, Vanilla, and CIBS cards.
• Mobile payments – You choose a Boku casino to make a deposit that you’ll pay through your phone bill.

Keep in mind that the RTP rate does not specify the slot machines payout schedule. You’ll make a deposit now, but no one can guarantee when you’ll accumulate enough funds to make a withdrawal. Gambling is based on luck, after all.

Try Thrilling Progressive Jackpot Slots

Progressive jackpot slots work by accumulating all bets that players make across all websites that feature the particular game. When someone wins a jackpot, it’s pooled from this massive accumulation of funds. In this type of game, one player gets a massive reward, and most end up with small wins or no rewards at all. Progressive jackpots still declare the slot machine payout percentage.

In April 2021, a player from Belgium won over €19 million on the Mega Moolah Mega slot.

Are progressive jackpots for you? It depends on what you’re looking for in the best paying slot games. If you’re in for the thrill of a higher risk and a potential for a huge reward, then you should play them. But if you bend towards the safe side, we recommend choosing games with fixed payouts.

Check our list of $5 minimum deposit casino Canada, so you can make a small deposit for a chance to win a massive reward.

Online Gambling Guide: How to Play Slots with the Best Payouts

Follow our tips to increase your chances to win the best paying online slot machines!

1. Choose the fastest payout online casino Canada. It’s important to play on a site that doesn’t impose impossible playthrough requirements in its bonus terms. You should be able to play through the bonus amount in a realistic period of time, and quickly withdraw your winnings.
2. Choose the top paying slots online! Follow the list we provided above, so you’ll have greater chances to accumulate funds for a withdrawal.
3. Play with limited funds. Remember: the RTP is just a declaration accumulated through tests and statistics. If you’re lucky, you’ll win more than what you bet. But you should stay cool and bet only what you can afford to lose.
4. Limit the time you spend gambling. It’s an addictive habit. If you notice that you’re spending most of your day playing slots, you should consider making a change. Spinning a slot a few times during your free time is OK, but the activity shouldn’t occupy your daily life.

Expert Opinion: Overview

Expert gamblers agree on one thing: it’s cool to know the best online slots payout percentage, so you’ll choose games that are more likely to be profitable. A slot with a low RTP rate may be fun, but is not worth playing.

Always check the declared payout ratio before choosing a slot. But use it as a general guideline; not as a guarantee.

We give you a great list of reliable mobile casinos Canada that feature high-paying slots in their offer!