How to Evaluate Online Casinos Based on Their Payout Rates

Online casinos in Canada have become increasingly popular over the last decade, mainly thanks to the ease of access to Internet connection and penetration of mobile devices.

Like the rest of the world, the number of iGaming platforms serving Canadian players has recently skyrocketed, but not all of them are worth your time and money.

Since you are looking to make a profit as you play your favorite games, you must always choose an iGaming site that has the potential to return the highest payout.
Only after you ascertain that the house offers friendly payout rates should you go ahead, register, and then claim lucrative deals such as the Vulkan Bet bonus.

With that in mind, the million-dollar question now becomes: How do you know which platform has a better payout rate? Well, that’s why we are here today. Our post aims to unveil a blueprint that will help you identify online casino sites that provide the best rates across the selection of games available in their lobbies. Here we go!

What Are Payout Rates?

Understanding payout rates is the foundation of evaluating iGaming platforms. Payout rates of an online casino, commonly known as the Return to Player (RTP) rates, represent the percentage of the money expected to be paid back to players over time.

For example, if the RTP of an gambling platform is 96.45%, you should expect to get back an average of CA$96.45 for every CA$100 you wager over an extended period. It, therefore, goes without saying that the higher the RTP, the better for the player, as it means a better potential to turn their wagers into profit.

Where to Check an Online Casino’s RTP

There are many ways that Canadian players can evaluate iGaming platforms to determine their overall RTP. If that’s information you are searching for, here’s how you can get it:

• Check the website’s terms and conditions - The website’s “About Us” section or footer usually contains a link to its terms and conditions. In the fine print, most casinos include a section highlighting the average RTP;
• Familiarize yourself with game-specific RTPs: If there is no overall RTP, there are usually different RTPs for the games offered. The figure is generally specified under the help, rules, or settings menu;
• Contact the website’s customer service: Reputable and trustworthy online casinos never compromise their customers’ comfort. They have customer service agents whom you can get to ask for information about the site, including the average RTP;
• Carry out your research based on online reviews and casino forums: From Reddit to Trustpilot, you can engage users on casino-themed forums to find information about specific gambling platforms. Watch out for bots that may relay false information;
• Review reports by independent auditing agencies: Reliable casinos regularly use third-party independent auditing agencies such as eCommerce Online Gaming Regulation and Assurance (eCOGRA) or iTech Labs to audit their games’ fairness and the accuracy of their payout percentages. These reports are made public and usually include the RTPs for all game categories of the audited casinos;
• Find out if the platform has licenses: Verify that the iGaming website you are interested in is licensed and regulated by a recognizable gambling authority. A legitimate casino will likely provide accurate and fair RTPs;
• Check consistency in payouts: Check the casino’s track record of paying out. Most casinos that operate on the Internet display information about changes in their RTPs. If the casino’s RTP records reveal significant differences in successive audits, you should avoid the casino. It might indicate that there are issues with its financial operations.

Choosing the Best Online Casino

Now that you know how to determine online casinos’ RTPs, you can proceed to choose the one with the highest payout to increase your winning potential. You could do this by listing down all the gambling websites you are interested in and indicating their corresponding RTPs after verifying their audit reports. If an online casino is not transparent with its payout information, be careful not to engage with them in any way and do not disclose your information to them.

Moreover, apart from the RTP rate and high payout, be sure to consider factors such as customer service, bonus deals, range of games, and ease of use of the platforms. Additionally, if you have a disability, ensure their site has accessibility features that enable you to play without any hardships.

All said and done; you should never forget that the RTP is a theoretical figure from data collected by considering millions of playing rounds across months of evaluation. Thus, you should always keep things fun and friendly by practicing responsible gambling.

ABOUT THE AUTHOR

Aleksandra Djurdjevic          

Senior Content Creator

Aleksandra Djurdjevic is a senior writer and editor, covering surf, kayak and various watersports activities. She has previously worked as ESL teacher for English Tochka. Aleksandra graduated from the Comparative Literature department at the Faculty of Philosophy in Serbia. Aleksandra’s love for the ocean / rivers, getting out waves, season after season, seeking epic adventures across the globe helps her continue to be a top expert at CSG.