Dragon & Phoenix has been catching plenty of attention, so we put it through its paces to see how it really holds up. Built by Betsoft, it lands as a game with very high volatility and 96.13% RTP. The maximum win sits at 250,000x, so there's serious upside on the table. You get a 5-reel grid running 20 paylines, all dressed up with a dragon theme. Dating back to 2018, it remains a regular pick. Here's how it stacks up.
Written by Emma Roberts · Last updated: January 2026
This slot, Dragon & Phoenix, is the work of Betsoft, built around a dragon theme and powered by a 5-reel grid running 20 paylines. The result is a very high-variance maths model paired with a return-to-player rate of 96.13%.
Dig into the bonuses and Dragon & Phoenix starts to stand out. 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, Dragon & Phoenix is a dependable option worth a few spins in the demo first.
The RTP of 96.13% is right around the industry average of ~96%. This represents a fair return that's in line with what most modern slots offer.
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.
Dragon & Phoenix 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
Dragon & Phoenix by Betsoft is a solid offering that delivers good entertainment value. The 96.13% RTP combined with very high volatility creates a well-balanced gaming experience.