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Carol of the Elves
Yggdrasil Gaming
Nov 26, 2020

Carol of the Elves

RTP

96.2%

Volatility

Medium

Max Win

5,800x

Key Facts

Carol of the Elves is a medium-volatility online slot from Yggdrasil Gaming with an RTP of 96.20% and a maximum win of 5,800x.

Provider
Yggdrasil Gaming
RTP
96.20%
Volatility
Medium
Max win
5,800x
Paylines
3,125
Released
2020

Page updated July 2026

Game Review

Carol of the Elves: A Festive Reskin Done Well

Carol of the Elves comes from Yggdrasil Gaming, and it doesn't try too hard to hide its roots — it's essentially a mistletoe-flavoured version of the studio's earlier hit Valley of the Gods. With a sequel to that original already released, it's not too surprising Yggdrasil found a second life for the underlying mechanics by wrapping them in tinsel and giving the whole thing a night-before-Christmas makeover instead.

Theme and Setting

The setting has swapped the hot, dusty tombs of Egypt for a cosy living-room floor scattered with gifts, bells, and festive decorations across a 5x5 grid. Visually, it's a little understated compared with some of Yggdrasil's flashier releases, but a warm, sweet soundtrack does a lot of the heavy lifting for atmosphere — worth playing unmuted unless the seasonal charm starts to wear thin.

Stakes, RTP, and Volatility

Carol of the Elves is playable across any device, with stakes running from 10p up to $/€150 per spin — plenty of headroom for high rollers. RTP sits at a slightly above-average 96.2%, and volatility is rated Medium, striking a fair balance for a game that leans on chaining consecutive wins to build toward its bigger prizes. Hit frequency comes in at roughly 22.8%, meaning a winning spin lands, in theory, close to once every five spins.

Grid Structure: 1-3-5-3-1

One of the more distinctive things about Carol of the Elves is its slot configuration. Each paid spin starts with the reels arranged in a 1-3-5-3-1 pattern, with the remaining positions on the 5x5 grid covered by blocker tiles. That means you begin every spin with 45 active win ways, which can expand up to 3,125 once every position on the grid opens up. Wins require three or more matching symbols landing adjacent to one another, starting from the first reel.

Symbols and Max Win

The symbol set carries a full Christmas flourish — candy-cane striped 9 through A card royals form the low end of the paytable, while higher-paying bunnies, foxes, polar bears, and reindeer take over the premium slots. With the max bet in play, Carol of the Elves can pay out up to 5,800 times your stake, a genuinely strong ceiling for a game built around this kind of expanding-ways structure.

Verdict

Carol of the Elves takes a proven, high-potential mechanic and dresses it up convincingly for the festive season, even if the visuals themselves feel a touch more restrained than usual for Yggdrasil. The 1-3-5-3-1 expanding grid and near-24% hit rate give it a satisfying rhythm for players who enjoy chaining consecutive wins toward a bigger multiplier. Give the free demo a spin at johnessyslots to see the grid open up before playing for real.

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Carol of the Elves FAQ

What is the RTP of Carol of the Elves?+

Carol of the Elves has an RTP (return to player) of 96.20%. RTP is the theoretical percentage of total stakes a slot returns to players over a very large number of spins, as published by Yggdrasil Gaming — individual sessions can land far above or below it.

How volatile is Carol of the Elves?+

Carol of the Elves is rated medium volatility. Medium-volatility slots sit between the extremes — a balance of win frequency and win size.

What is the max win on Carol of the Elves?+

The advertised maximum win for Carol of the Elves is 5,800x. Max wins are extremely rare by design — treat them as a ceiling, not an expectation.

Who makes Carol of the Elves?+

Carol of the Elves is developed by Yggdrasil Gaming and was released in Nov 26, 2020.

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