Our review of Caves & Treasures cuts through the marketing and looks at what matters: how it plays and how it pays. Caleta Gaming are the team behind it, tuning the slot for a very high-variance maths model, with 95.47% RTP. Dating back to 2017, it remains a regular pick. If everything lines up, Caves & Treasures can pay up to 150,000x your bet. It's wrapped in a pirate theme and plays out on a 5-reel grid running 10 paylines. The full verdict is below.
Written by Sophie Williams · Last updated: March 2026
At its core, Caves & Treasures is a title produced by Caleta Gaming, wrapped in a pirate theme. It runs on 5 reels and 10 paylines with a very high volatility profile, and 95.47% RTP.
The mechanics are what make Caves & Treasures interesting. Look out for scatter symbols that unlock free spins and extra bonus rounds. The very high volatility means patience is rewarded — expect quiet spells broken by bigger hits. On balance, Caves & Treasures is a dependable option worth a few spins in the demo first.
At 95.47%, the RTP is slightly below the industry average of ~96%. While this is typical for many popular slots, players should be aware of the slightly lower theoretical return.
Very high volatility delivers the most extreme payout profile — long dry spells punctuated by potentially massive wins. Only recommended for experienced players with substantial bankrolls and high risk tolerance.
About 1 in 3 spins results in a win. This is a moderate hit frequency that balances win frequency with payout size.
Caves & Treasures features scatter symbols that can trigger free spins rounds. Landing the required number of scatter symbols anywhere on the reels activates the free spins feature, giving you extra chances to win without additional bets. During free spins, special modifiers may apply to boost your winning potential.
3.0 / 5 — Good
Caves & Treasures by Caleta Gaming is a solid offering that delivers good entertainment value. The 95.47% RTP combined with very high volatility creates a well-balanced gaming experience.