Thinking about giving Lake's Five a spin? We tested it thoroughly so you know what to expect. Developed by Elk Studios, Lake's Five arrives with a very high volatility profile and 95.1% RTP. It's themed around animal and plays out on 5 reels and 30 paylines. If everything lines up, Lake's Five can pay up to 216,000x your bet. Originally released in 2018, it has aged well. So does it deliver? Let's get into it.
Written by Rachel Kim · Last updated: January 2026
Lake's Five is a slot game from Elk Studios, wrapped in an animal theme. It runs on 5 reels and 30 paylines with very high variance, and an RTP of 95.1%.
Where Lake's Five earns its keep is the feature set. Look out for scatter symbols that unlock free spins and extra bonus rounds. With very high variance, this one is aimed at players who can ride out the swings for the top wins. Overall it's a well-rounded slot game that knows what it is.
At 95.1%, 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.
Lake's Five 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
Lake's Five by Elk Studios is a solid offering that delivers good entertainment value. The 95.1% RTP combined with very high volatility creates a well-balanced gaming experience.