How to Play Old King Cole Slot for Real Money Online

Michael Carter

Published: April 30, 2025

1. RTP (Return to Player): 96.15%

The RTP of Old King Cole stands at 96.15%, meaning that for every 100 units wagered, a player can expect to receive back approximately 96.15 units on average over the long term. This implies a casino edge of about 3.85%, which is a competitive rate, indicating a favorable return compared to many other slot games.

2. Paylines: 20

Old King Cole features 20 paylines, offering a moderate number of winning combinations. This quantity allows for a balanced gameplay experience, potentially delivering regular wins while maintaining some excitement for higher payouts. The fixed paylines can lead to less variability in winnings compared to slots with numerous ways to win, which can yield more frequent smaller payouts.

3. Max Bet Scenario:

The maximum bet for Old King Cole is 0.5. If a player hits the maximum win of 12,500, regardless of the bet size, the maximum potential win translates into:

However, this calculation primarily serves to illustrate that regardless of the betting size, the cap on potential payouts remains consistent. Therefore, the maximum win is 12,500 units in the game’s currency.

4. Minimum Bet: 0.01

For low-stakes players, the minimum bet of 0.01 can be appealing. The maximum theoretical win, based on this bet, would be:

Thus, the maximum win with the minimum bet is 125 units, which remains suitable for casual or risk-averse players testing the waters.

Simple Expected Return Calculation:

Let’s consider a player spins 1,000 times at a 0.1 bet (total wager: 100 units). With an RTP of 96.15%, the expected return can be calculated as follows:

Thus, the expected loss over this session would be:

Expected loss = 3.85 units

This illustrates a general expectation but underscores the variability of slot play — actual outcomes can vary significantly.

Risk Evaluation Based on Volatility and Paylines

With a designation of medium volatility, Old King Cole offers a balance between frequent smaller wins and the opportunity for larger payouts. The 20 paylines lower the extremes in payout patterns, suggesting while wins may not be staggeringly large every spin, players can expect consistent hit frequency, which is appealing for bankroll management.

Old King Cole Slot Machine – Screenshots