High Volatility Slots

Discover Slots with High Volatility at Canadian Casinos

High volatility slots are one of the most exciting slots that you’ll find in top Canadian casinos. These slots offer high payouts, but can also break your bankroll. Continue reading our guide to know everything about slots with high volatility.

10 Best High Volatility Slots in Canada

You will find numerous high volatility slots at top online casinos that you can choose from. Below is our recommended high volatility slot in Canada. 

Below are the best high volatility slots that you will find at top Canadian casinos.

1. Wild Joker Stacks

Wild Joker Stacks is a classic online slot from Yggdrasil. The game is played on a 5×3 to 5×5 grid layout to choose between 3 and 5 rows. Additionally, it offers between 99 to 259 Connecta ways, which means the symbols need to connect horizontally or diagonally. 

In Wild Joker Stack, you can enjoy an RTP of 95.60%, which is slightly lower than the standard RTP of 96%. However, it gets better when you activate the free spins round to get a total of 9 free spins. Also, you can enjoy a max win of up to 28,200x your stake. 

Wild Joker Stacks Slot
Wild Joker Stacks Slot

2. Troll’s Gold

Another incredible title that made it to our top list of high volatility slots is Troll’s Gold. Relax Gaming designed the game with a 5 reel grid, structured in a 3-4.5-4-3 layout. It features 20 paylines with varying RTPs. You need to line up three similar symbols from the leftmost reel to land a winning combination. 

The first RTP is the default, where Canadian players can enjoy a value of 96.30%. However, the RTP increases to 96.61 during the buy feature. The slot game offers two incredible re-spins features – the Lock Re-Spins and the Treasure Trove Re-Spins. The latter can give you a max win of up to 12,500x your bet stake. 

Troll's Gold Slot
Troll’s Gold Slot

Play Troll’s Gold at Videoslots Casino!

3. Book of Ra

Book of Ra from Novomatic is a slot with 5 reels and 10 paylines. The ancient Egyptian-themed slot takes you on an adventure to uncover the hidden treasures of the Pharaoh. The Book of Ra only has one bonus feature – the free spins round, which gives 10 free spins and between 2x to 200x your stake. Though it offers a low RTP value of 95.1%, you can enjoy a max win of up to 5,000x your stake. 

Book of Ra Slot
Book of Ra Slot

Book of Ra can be found and tried at Vulkan Vegas Casino!

4. Dead or Alive

Dead or Alive is one of the most popular slots with highly volatility from NetEnt. It’s a 5 reel and 3 rows slot with 9 paylines. You will enjoy features such as wilds, free spins, multiplier wins, and a max win of up to 12,000x your stake. Dead or Alive comes with an average RTP of 96.8%.

Dead or Alive slot
Dead or Alive slot

Check out the popular Dead or Alive Slot at SlotJoint Casino!

5. Raging Rhino

WMS powers Raging Rhino, a 6 reels and 4 rows slot with 4,096 ways to win. The game has an RTP of 95.91%, which is a little below the average.  You should expect small or no wins all the time. Theoretically, the slot offers a max win of up to 625, 000x your stake bet. The game’s main highlight is the free spins round, which can reward you with up to 50 free spins. 

Raging Rhino slot
Raging Rhino slot

Much-loved slot, Raging Rhino, can be found at Mr. Green Casino!

6. Immortal Romance

Immortal Romance, developed by Microgaming, features 5 reels, 3 rows, and 243 paylines. Additionally, the game has an RTP of 96.86%, and players can enjoy a maximum win of up to 12,150x the bet. 

The game comes with bonus features such as Wild Desire Bonus and Chamber of Spins features. You should pay more attention to the latter as it gives you access to four additional bonus games with free spins and multipliers.

Immortal Romance Slot
Immortal Romance Slot

7. Break Da Bank Again

Break Da Bank Again is another slot from Microgaming that made it to our list, with a 5×3 grid layout slot and  9 paylines. Break Da Bank Again has an RTP of 95.43%, slightly lower than the average RTP of 96%. However, the game offers a maximum win of up 37,575x your stake  It has free spins and gamble features and a free spins round that can provide you with up to 25 free spins.  

Break Da Bank Again Slot
Break Da Bank Again Slot

8. Medusa Megaways

Medusa Megaways, from NextGen, has 6 reels and 117,646 paylines. The slot has several features  like free spins, multipliers, cascading reels, an extra reel and extra wilds. It can also  give you a maximum win of up to 50,000x your stake. It has an RTP of 96.28%, increasing to 97% once you activate a bonus round. The free spins round is the highlight of the game, which will reward you with 10 free spins when you land 3 scatters. 

Medusa Megaways Slot
Medusa Megaways Slot

Play this beloved Megaways slot at CBet.gg!

9. 300 Shields

300 Shields is a battle-themed slot from NextGen Gaming, with 5-reels and 25 paylines. It has an RTP of 95.3%, and a maximum payout of up to 17,773x your stake. Additionally, the slot comes with a single bonus feature in the form of free spins.

The free spins round award you 5 free spins, and all wild wins come with a 2x multiplier. The exciting part is that you can retrigger the feature when you collect Shields. Once you retrigger, you’ll get additional 5 free spins and a 5x multiplier. 

300 Shields Slot
300 Shields Slot

Participate in this epic tale at Malina Casino!

10. Pyramid Quest for Immortality

Pyramid Quest for Immortality, from NetEnt, has 5 reels and 720 ways to win. Though there is no free spins round, you can benefit from the avalanche reel feature, which offers you more wins on every spin. With every three consecutive avalanches, the multiplier increases by 1x up to 10x. What’s more, the game has an RTP of 96.48%, and you can win up to 36,000x your bet stake. 

Pyramid Quest for Immortality Slot
Pyramid Quest for Immortality Slot

You can find this slot at the popular Mr. Play Casino!

What is Volatility, and why do you need to know about it? 

Slot volatility refers to the risks associated with a specific game. Additionally, it determines how often or rare a player should expect a win or how small or big the wins can get. 

How is volatility calculated?

There is no perfect way to calculate the volatility of a game because it depends on the paylines and paytable. Below is the formula commonly used  for calculating volatility:

  1. CI = wager per line (games x lines)
  2. CO = overall win per spin
  3. SW = Squared total of each game. For every spin, calculate the total win and then multiply it by four. 

The slot formula is:

  1. Variance = ((SW – CO^2/CI)/CI)
  2. Standard Deviation = Variance ^ 0.5

Low, Medium or High Volatility – Which one should you choose?

Choosing a slot based on volatility depends on the player’s preference. Most importantly, it depends on your bankroll limit and the amount of risk you’re willing to take. Below is a table describing the three main types of slots volatility and their features. 


High Volatility Slots – why choose them? 

High volatility slots offer several benefits, especially if you like taking high risks. The difference between the regular and huge wins is large. So landing a winning combination to win big can be difficult. You will have more sessions without a win. But when you land a win, the payout will be worth it. 

What is Medium Volatility? 

Medium volatility slots are perfect for players who want their bankroll to last longer but still take high risks for better payouts. Unlike slots with high volatility, medium volatility slots offer more frequent wins, though the rewards are smaller. 

What does Low Volatility mean for Slots? 

When it comes to online gambling, low volatility slots offer the least risk. The payout frequency in these slots is high. So you can spend more time playing these games with a low bankroll. Additionally, low volatility slots are targeted by players who want to bet high and increase their bankroll slowly. 

Latest High Volatility Slot Games

Every year, the competition for the best slots with high volatility gets harsher. We at CanadaCasino have scrutinized some of the latest high-volatility slots that become popular this year in Canada.

1. Day of Dead by Pragmatic Play | 96.5%RTP

Day of dead pragmatic play high volatility slots canada casino

Day of Dead has had roaring scores of popularity – following the trend of previous years, where the slot has continued to be one of the most played slots in Canada.

The 3 different wide symbols as well as the maximum stake of $100 give the possibility of massive wins.

2. Apollo Pays by Big Time Gaming | 96.6%RTP

You can’t go wrong with Apollo Pays. This sensational slot developed by Big Time Gaming does not only feature some excellent graphics but also features two excellent bonus features – the Megaways Mechanics as well as the Hold and Win Bonus feature.

3. Fishin’ Reels by Pragmatic Play | 96.5% RTP

fishin reels pragmatic play high volatility slots canada casino

Fishin’ for a good slot? Fishin’ Reels has it all – High volatility, high RTP and a good maximum win of 1,200x your stake.

Free Spins and Big Catch bonus round is what makes this a suspenseful gameplay, and the reason why it’s one of Pragmatic Play’s top hits.

Best High Volatility Slot Providers

Top providers constantly compete by putting the most innovative iGaming technology on the table. Slots is where most of the creative streaks by software gurus are embodied. Here are the top providers that create great gameplay as well as a good range of High Volatility slots.

Pragmatic Play

Pragmatic Play does not only feature one of the most massive slot portfolio in all iGaming, but it also likes to feature High Volatility slots – that can land players in Canada some of the highest wins.

Here are top 3 high volatility games we are featuring for Pragmatic Play

  1. Dragon Tiger
  2. Cowboys Gold
  3. Madame Destiny Megaways

Play’N Go

Play’N Go have been around since 2004, and have created the most popular slot in Canada – Book of Dead. The latter is used for many welcome offers by top performing Canada Casinos. Here is also a list of other favourites by Play’N Go.

  1. Annihilator
  2. Muerto En Mictlan
  3. Ring of Odin


Microgaming has landed multiple awards ever since it’s foundation in 1994 – in fact it is one of the oldest and most established game providers that have known the industry since the very beginning. Here are some top high volatility slot picks we have chosen for our players in Canada:

  1. A Tale of Elves
  2. Fortress Charge
  3. Shamrock Holmes Megaways

Where to play the best high volatility slots

We review hundreds of online casinos in Canada. What we prioritize is safety first and foremost, then we look at the choice of offers, customer care options as well as payments provided including crypto options. We especially scrutinize the choice games provided by the online casino – including High Volatility slots.

These are the best 5 casinos to provide all of the above:

  1. Winstoria
  2. PiratePlay
  3. Casumo
  4. LuckyElf
  5. Casino UNLIMITED


If you want to enjoy a great gambling experience, you need to understand slot volatility. With this, you can determine what your winning chances are when playing online slots. However, volatility is not the only factor that you should consider when choosing online slots. 

It’s essential that you also check out the slot’s RTP. Additionally, carry out in-depth research on the slot to learn about the theme, paylines, features, and paytable. Most importantly, play the demo version before you play for real money. 

Frequently Asked Questions

You can find slots with high volatility at any licensed and reliable Canadian online casino.
No. Volatility is the risk associated with a slot, while RTP is the average amount that a slot is expected to return in the long run.
For new Canadian players, you should stick to low volatility slots. Once you have the experience, you can move to medium and high volatility slots.
Casino Content Writer
M'Louisa spends most of her time chasing after a certain cheeky monkey that is growing up too fast. When she has a moment to spare you'll find her with a paint brush in hand or reading a good book. For the past 3 years she has enjoyed watching the industry grow and thrive, and thinks that is the most satisfying part of her job!