Valhall Gold Slot Review

⭐ 7.5/10
Create by: ELK Studios
Review by:
Posts by Michael White
Updated: November 29, 2025

Valhall Gold is a High volatile slot from ELK Studios with an RTP 94% and up to x25000 maximum win. Play demo for free.

Valhall Gold Slot Demo

Software
Release Date
2023-09-25
RTP
94%
Max Win
x25000
Volatility
High
Bet Range ($,€,£)
0.20 - 100
Number of Reels
6
Betways
4096 - 531441
Features
Bonus Buy, Cascading Reels, Gold, Mega Symbols, Multiplier, Sticky Symbols

Valhall Gold Slot Overview

Valhall Gold is ELK Studios final chapter in the Gold series, and I felt that straight away. Kane has swapped his explorer gear for Viking armour, standing in front of a fjord and two huge statues that frame the entrance to Valhalla. The Norse atmosphere, burning braziers and that looming tree in the distance give the game a heavy, almost solemn feel that suits this last adventure.

The set up in Valhall Gold uses 6 reels and 4 rows as standard, with 4096 ways to win, and avalanches that can push things up to 9 rows and 531,441 ways. Stakes run from 0.20 to 100 per spin, the RTP sits at 94 percent, and the volatility feels high. I treat it as a proper high risk slot, with that 25,000x the bet cap keeping me very interested.

Valhall Gold slot screenshot

Valhalla Gold Slot Information

Valhalla Gold sticks with the familiar Gold engine, so I felt at home straight away. Wins land when 3 or more matching symbols hit on adjacent reels from the left, which then triggers the avalanche. The game runs smoothly on mobile and desktop for me, and the changing backdrop between the base game fjord and the banquet hall in free spins gives a nice sense of progress while you grind through the drops.

Valhall Gold Symbols and Paytable

On the low side, Valhall Gold uses rune stones in blue, green, purple and red. Hitting 6 of a kind with any of them pays 0.3x the bet, so they are really there to keep the avalanches ticking along. The mid range symbols are the Viking or Celtic style designs in the same colours, worth between 0.8x and 1x for 6 of a kind, which start to feel decent when stacked across raised reels.

The premium set covers the owl, horse, wolf and Kane himself. Depending on which list you follow, 6 of a kind across those can reach from 2x up to 5x or even 10x the stake, which lines up with the paytable tables I checked. All regular symbols and the basic wild can land as big blocks in 1x1, 2x2, 3x3 or 4x4 form, which changes the way lines connect.

On top of that you have the special icons. The gate to Valhalla works as the scatter, Odin's Ravens arrive as 1x2 blockers that turn into wilds when 2 or more hit, and Thor shows up as a 2x2 wild hammer. Loki sits as a 2x2 helmet, while normal and wild symbols can carry spike frames. For my style, the game really heats up once these extras start overlapping with big symbols.

Symbols and Paytable

Symbol Quantity Payout
icon 1 6 x10
5 x4
4 x3
3 x1.5
icon 2 6 x3
5 x2.5
4 x2
3 x1
icon 3 6 x2.5
5 x2
4 x1.5
3 x0.75
icon 4 6 x2
5 x1.5
4 x1
3 x0.5
icon 5 6 x1
5 x0.5
4 x0.3
3 x0.2
icon 6 6 x1
5 x0.5
4 x0.3
3 x0.2
icon 7 6 x0.8
5 x0.4
4 x0.25
3 x0.15
icon 8 6 x0.8
5 x0.4
4 x0.25
3 x0.15
icon 9 6 x0.3
5 x0.2
4 x0.15
3 x0.1
icon 10 6 x0.3
5 x0.2
4 x0.15
3 x0.1
icon 11 6 x0.3
5 x0.2
4 x0.15
3 x0.1
icon 12 6 x0.3
5 x0.2
4 x0.15
3 x0.1
icon 13 Scatter
icon 14 Wild
icon 15 Wild

Valhall Gold Slot Features

The avalanche feature in Valhall Gold removes winning symbols and drops new ones in, while also adding an extra row each time you hit again. In the base game it resets back to 4 rows, but in a long chain you can reach 8 rows, and overflowing big symbols can open a ninth. Empty spaces under those large icons copy matching 1x1 symbols, which keeps the screen packed and can chain wins further than you first expect.

Feature wise, Odin's Ravens, Trickster Loki, Thor and spike symbols carry most of the weight. Two or more ravens become wilds, Loki as a 2x2 blocker fires off one modifier per win, and Thor sits as a sticky 2x2 wild for a single drop. Loki can pay both ways, throw multipliers up to x10 on a win, spread spikes across the grid or upgrade random icons into the same high value symbol.

Bonus Buy Feature

Bonus Buy Bonus Hunt

Bonus Hunt

One spin with a double chance to trigger the bonus game.
Feature Cost: x2 Bet
RTP: -
Volatility: -
Bonus Buy Big Block

Big Block

One spin with guaranteed big symbol.
Feature Cost: x5 Bet
RTP: -
Volatility: -
Bonus Buy Trickster Loki

Trickster Loki

One spin with a guaranteed Loki symbol.
Feature Cost: x25 Bet
RTP: -
Volatility: -
Bonus Buy Bonus

Bonus

The bonus round can be instantly triggered from the base game by buying it for 100x current bet.
Feature Cost: x100 Bet
RTP: -
Volatility: -
Bonus Buy Super Bonus

Super Bonus

The super bonus round can be instantly triggered from the base game by buying it for 500x current bet.
Feature Cost: x500 Bet
RTP: -
Volatility: -

Valhall Gold Free Spins and X-iter

Free spins, or free drops, land when 3 to 6 scatters hit, giving 10, 15, 20 or 25 spins. After the first win the safety level jumps to 5 rows and then climbs by one row per winning drop up to 8, while big symbols can open and hold the ninth. Extra scatters retrigger more spins, so a good bonus can feel like a marathon if the grid keeps expanding upwards.

Loki really shines in the bonus. Each time a Loki feature hits, its icon on the inventory lights up, and hitting the same one again stores it for the rest of the round. Multipliers add together, both ways stays active, Spike Storm keeps adding spike symbols, and Axe Fury keeps upgrading icons. If I want to shortcut into the action, the X iter menu lets me buy hunts, big blocks, Loki spins, a bonus or a super bonus.

Valhall Gold Slot RTP & Volatility

On the stats side, Valhall Gold runs on a 94 percent RTP model, which sits below the old standard but matches a lot of recent ELK releases. Volatility is described as high and that matches my sessions, with dry spells in the base game and then sudden spikes when Loki and Thor line up. With a max win of 25,000x the bet and a hit rate around 21 percent, you need patience and a solid balance.

Valhall Gold slot screenshot

The Final Thoughts on Valhall Gold

For me Valhall Gold does a strong job of closing Kane's story, even if the maths profile may put some players off. The falling RTP across the Gold line hurts a bit, and you feel that when long bonus buys end with tiny returns. At the same time, the mix of avalanches, growing ways, spike symbols and sticky Loki features creates some wild rounds when everything lines up for more than a few drops.

The artwork and soundtrack sit right up there with the better ELK titles, and I enjoyed how the setting shifts into the feast hall once free spins start. It feels like a reward in itself when the safety level climbs towards 8 rows and Loki's inventory is full of saved tricks. If you can live with the lower RTP and swings, this last trip with Kane into Valhalla can be a very gripping ride.

Screenshots

Valhall Gold slot screenshot 1
Valhall Gold slot screenshot 2
Valhall Gold slot screenshot 3
Valhall Gold slot screenshot 4
Valhall Gold slot screenshot 5
Valhall Gold slot screenshot 6
Valhall Gold slot screenshot 7
Valhall Gold Final Ratings
Theme & Symbols








Sounds & Music








Bonus Features








RTP (94%)








Max Win (x25000)








Originality








FAQs About Valhall Gold

Can I play Valhall Gold free slot?

Absolutely! You can enjoy Valhall Gold for free on our website without registration. Our partner casinos of ELK Studios also usually offer demo mode access.

Can I win real money on Valhall Gold slot?

Yes, to win real money in Valhall Gold, you'll need to create an account at a licensed casino site. You can then play for real and win up to x25000.

Can I play Valhall Gold slot on mobile phone?

Yes, Valhall Gold is fully optimized for mobile devices and runs smoothly on any devices.

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