Quick answer
Carol of the Elves is a Yggdrasil slot (2020) with 96.2% RTP and high volatility. It uses ways to win with multipliers and respins. RTP can vary by casino.
Key specs
- RTP
- 96.2%
- Volatility
- High
- Pays
- Ways to win
- Released
- 26 November 2020
- Jackpot
- None
Not published by the provider: max win, grid, bet range
Casinos with Yggdrasil games
- Lunaro100% up to $300 + 100 Free Spins25x bonusCarries YggdrasilPlay at Lunaro (opens in new tab)
18+. New customers. Min dep $10. 25x bonus wagering. Max bet $5. 30 days. 100 spins on Gates of Olympus at $0.20. Full T&Cs apply.
Key terms
18+. New customers only. Min deposit $10. 25x bonus wagering requirement. Max bet $5 while wagering. Free spins on Gates of Olympus at $0.20 per spin. Offer valid 30 days. Full T&Cs apply. Please gamble responsibly.
Check Carol of the Elves is in the lobby in your country.
Themes:
How to play Carol of the Elves (members only)
Instead of fixed lines, matching symbols on adjacent reels pay in any position, starting from the leftmost reel. The more matching symbols there are on each reel, the more ways the combination pays.
Carol of the Elves pays with ways to win.
- Set your stake. Choose your total bet per spin. Wins are paid as multiples of this stake.
- Check the paytable. Open the game's info screen to see what each symbol pays and the exact rules for this version.
- Spin. Each spin's result is decided by a certified random number generator, independent of previous spins.
The full Carol of the Elves guide: how winnings work, 2 features and 3 strategy tips
- Your stake plan: a $50 budget → about $0.17 a spin (high volatility)
- What 96.2% RTP costs per $100 wagered: $3.80 on average
- 2 features explained: multipliers, respins
- Stake plans for $20 to $250 budgets
- 4 slots with the same style and a higher RTP (up to 98.12%)
- Strategy tips and a session planner for Carol of the Elves
Free · no card · 18+ only
Never sold · export or delete any time · What do members get?
How winnings work (members only)
What 96.2% RTP costs per $100 wagered
Multipliers are applied to wins as they land; in many games several multipliers add together or multiply each other, which is where the largest wins come from.
What 96.2% RTP means
Expected return = stake × 96.2%
Over $100 of total bets, the long-run average loss is $3.80
RTP is a long-run average across millions of spins. Any single session can finish far above or below it, especially on a high volatility game.
Features explained (members only)
2 features explained: multipliers, respins
Multipliers
Multipliers increase a win by a set factor, such as 2x or 10x. They can be attached to symbols, applied to a whole spin, or grow during a feature, and are a main driver of the biggest wins.
Respins
Selected reels or the whole grid spin again without a new stake, usually triggered by a specific symbol combination or near-miss feature.
Strategy tips (members only)
- Size your stake to the volatility. High volatility concentrates the return in rare, large wins. Long losing runs are normal. Keep stakes small (around 1% of your session budget or less) so you can ride out the swings. A simple rule: bring at least 300 spins' worth of budget, so a $50 budget suggests a stake of about $0.17.
2 more tips and a session planner
- Bonus wagering: at 96.2% RTP, clearing $1,000 of wagering costs about $38.00 on average. Check the bonus terms, as some casinos exclude specific games. Run your numbers in the wagering calculator.
- Set limits before you spin. Decide your loss limit and session time in advance and stop when you reach either. No pattern or betting system changes the outcome of a spin.
More on this in slot RTP and volatility explained and bankroll management.
Does it fit your budget? (members only)
Stake plans for $20 to $250 budgets
For high volatility we suggest a budget of at least 300 spins. This is what that means for Carol of the Elves.
| Budget | Stake a spin | Bet range | Average cost of 300 spins |
|---|---|---|---|
| $20 | $0.07 | Bet range not published | $0.76 |
| $50 | $0.17 | Bet range not published | $1.90 |
| $100 | $0.33 | Bet range not published | $3.80 |
| $250 | $0.83 | Bet range not published | $9.50 |
Averages only: a short session can end far above or below them. Set a loss limit before you play.
Same style, better RTP (members only)
4 slots with the same style and a higher RTP (up to 98.12%)
Slots with the same mechanic (ways to win) and volatility (high) as Carol of the Elves, with a higher published RTP. Casinos can still run lower versions of any of them.
Questions
Frequently asked questions
Who makes Carol of the Elves?
Carol of the Elves is developed by Yggdrasil and was released in 2020.
What is the RTP of Carol of the Elves?
The default RTP of Carol of the Elves is 96.2%.
Is Carol of the Elves high volatility?
Carol of the Elves is rated high volatility. High volatility concentrates the return in rare, large wins.
Can I play Carol of the Elves for free?
Not on GambGenius at the moment: we don't list an official Yggdrasil demo of Carol of the Elves.
Does Carol of the Elves have a bonus buy?
No bonus buy is listed for Carol of the Elves in the sources we checked.
Where can I play Carol of the Elves?
Lunaro carries Yggdrasil games. Check Carol of the Elves is in the lobby in your country before you sign up. 18+ · New customers · T&Cs apply. Availability varies by country.
Where this data comes from
- yggdrasilgaming.com Provider
Specs are as published by the provider. Casinos can run lower-RTP versions, so always check the game rules before you play.
Game artwork © Yggdrasil, shown to identify the game.

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