Valhall Gold

by ELK Studios

Nope, it’s not a typo. Valhall Gold is the curiously titled new slot from ELK studios—presumably because 2by2 Gaming beat them to the extra ‘a’ at the end. In this Norse battle of reel-spinning glory, you get to witness some fantastic modifiers that could mean great things for your bankroll. 25,000x is at stake out there at the gates of the great hall of battered warriors.

Slot information

RTP: 94.00%
Volatility: High
Max Payout: 25,000x stake
Reels: 6
Paylines: 4,096
Jackpot: No
Min Bet: 0.20
Max Bet: 100.00
Theme: Mythical
Release Date: 25th Sep 2023

Our rating

“ The gods will thank you for playing ”

4.1 out of 5

Win potential

Play Valhall Gold

Jump straight into the action and play Valhall Gold now at the following fully licenced UK slot sites. These slot sites have been thoroughly audited and reviewed by the team here at Slot Gods to ensure they offer an exceptional user experience, are trustworthy, safe, secure, and boast the best selection of online slots in their portfolio including Valhall Gold...

Valhall Gold Screenshots

Valhall Gold Features

Let's get things underway with the win ways mechanic. You don't need matching symbols to land along a fixed line; instead, they just have to drop on adjacent reels. 3+ matching symbols will get you a win with 4 stone blocks being the lowest payers, the Celtic designs produce the mid-sized wins the remaining 4 regular symbols bring the top payouts.

There are special symbols to look out for and these all produce various modifiers. We’ll take a look at those in just a moment.

First, it's good to know that the row height is not set in stone and this will increase with each winning sequence. It can grow to 8 rows high and even 9 if a larger block of symbols lands towards the top.

Winning symbols are removed and new ones drop down into place. This could continue your winning sequence and accumulate decent wins.


There are a ton of modifiers in play and these are what make the game exciting and slightly complicated at the same time. Spike symbols will produce a run of matching symbols in the direction of the spike and hopefully, this will create a decent win at the same time. Almighty Thor is a 2x2 Wild symbol that stays in place while new symbols drop in. There are also Odin's ravens 2x1 symbols and these ordinarily act as a blocker unless 2 or more of them land at the same time—in this case, they become a Wild symbol.

There is another symbol called a Trickster Loki and this has the power to produce some of the above modifiers and others as well. It lands as a 2x2 symbol and is only triggered when on the reels at the same time a win occurs. You could receive a multiplier of up to x10, ignite the ability to produce wins from right to left, add random Spike symbols and upgrade symbols as well.

Bonus Game

To trigger the bonus game, you’ll need at least 3 Scatter symbols to land on the reels and this will award you 10 free games. More spins are available with additional Scatter symbols rearing their heads. 25 free spins is the maximum

One of the main benefits of the Bonus Game is that there’s a safety level that starts at row 5 and as the rows begin to expand, they won’t reset to below this level when you end a winning sequence.

Modifiers are in play thanks to Loki, so you’ll need to see the Trickster Loki symbol land and a win spark to its interests.

Achieving another win after a Loki Modifier is activated means it’s saved to the inventory and it becomes sticky for the remaining spins.

Valhall Gold - Expanding Reels

Expanding Reels

Each win increases the size of the rows up to 8-high maximum. When the bigger symbols expand beyond the 8th row, a 9th will come into play. Now, 531,441 win ways are possible.

Valhall Gold - Modifiers


Watch out for Spike symbols, Almighty Thor and Odin’s ravens that produce additional winning symbols and add Wilds to the reels.

Valhall Gold - Trickster Loki

Trickster Loki

Loki is activated by a win and will produce further modifiers until the winning sequence ends. You could receive Multipliers, land wins both ways, gain Spike symbols and get symbol upgrades.

Valhall Gold - Bonus Game

Bonus Game

Lucky players get up to 25 free games with 3-6 Scatter symbols landing in view. A safety level now keeps the row height stable and increases with each win.

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Valhall Gold Review

ELK Studios seems to have taken a leaf out of Relax Gaming’s handbook and gone all out with the Bonus Game modifiers. However, despite the fact that it is a little complicated, one thing that this game has over its rivals is that most of the modifiers are available during the base game as well. It's a bit of a double-edged sword but the payoffs could well be worth it.


The reels are set into the sides of what one can only assume are the gates of Valhalla and as they grow in size, the screen zooms out to accommodate the change. It is a fairly predictable view and everything’s carved out of harsh-looking stone with a soundtrack that many of you will recognise as typically Celtic. Naturally, the tempo is lifted during the Bonus Game and you can watch everything unfold on mobile devices as well.

Game Play

While you will witness more modifiers during the Bonus Game than during the base game, there is still every opportunity to see your wins get upgraded at any point during the game. Admittedly, getting anywhere near the maximum 25,000x will require more than 1 Bonus Game trigger but you should still see some decent wins as you wait to get there.

Win Potential

As I mentioned, the maximum win in Valhall Gold is 25,000x and this comes with extremely high volatility. The RTP is typically levelled out at 94%, which is standard procedure for ELK Studios these days.

Our Verdict

My first impressions weren't overly positive when I started getting into this game. The first few spins are easy enough to cope with but then the modifiers start falling into place and you wonder what the hell is going on. And it only gets worse during the Bonus Game as Loki starts wreaking havoc with the reels. However, it just takes a bit of getting used to and it soon becomes pretty clear why certain things are happening and you get to enjoy watching the enhanced wins drop into your balance.

Paul Clare
Reviewed by Paul Clare Last updated on

Paul spent plenty of time in arcades up and down the UK discovering all of the best fruit machines and watching them grow into the incredible online slots we see today. He still loves the basic format but also has a soft spot for games with big bonus rounds that progress as you play. Immortal Romance is one of his favourite slots of all time.

Learn more about Paul here

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