How to Play Erik the Red Slot for Real Money Online

Michael Carter

Published: April 26, 2025

1. RTP (Return to Player): 96.95%

The RTP of 96.95% indicates that a player can expect to receive back approximately 96.95 coins for every 100 coins wagered on average. This places Erik the Red slightly above the standard RTP range, suggesting it provides a favorable edge for players. The remaining 3.05 coins represent the casino’s advantage.

2. Paylines: 20

With 20 paylines, Erik the Red features a moderate level of complexity in achieving winning combinations. While this setup is manageable and offers decent opportunities for payouts, it is significantly fewer than the modern slot standard of hundreds or even thousands of ways to win. This structure can lead to both regular smaller wins and the occasional bigger payout.

3. Maximum Bet Scenario:

At the maximum bet of 100, the maximum win achievable is 95,920. Therefore, if a player were to hit the jackpot while betting the maximum amount, the calculation would be as follows:

Maximum win: 95,920 in the slot’s base currency (e.g., USD). This substantial amount demonstrates attractive potential rewards, but it's essential to consider how often such wins occur.

4. Minimum Bet Scenario:

With a minimum bet of 0.1, the maximum potential win would be significantly lower. The calculation here would be:

While this amount seems trivial compared to higher bets, it allows new players a way to engage without significant financial risk, presenting an accessible entry point into the game.

Simple Expected Return Calculation:

Let’s consider a professional player who spins 1,000 times at a 1-coin bet (total wager: 1,000 coins). With the RTP of 96.95%:

This leads to an expected loss of 30.5 coins based on RTP. It is imperative to recognize that this is merely an average, and real-time outcomes can differ significantly, with possibilities for both large losses and rare substantial wins.

Risk Evaluation:

The medium-low volatility suggests that players can generally expect fairly balanced gameplay, with a mix of frequent small to medium wins and less frequent, larger payouts. This balanced risk level makes Erik the Red appealing to players who prefer sustained gameplay without extreme betting risks. The 20 paylines also add a layer of complexity to the gameplay, allowing for calculated betting strategies.

Erik the Red Slot Machine – Screenshots