Lake’s Five is an online slot by a game provider we really love, Elk Studios
Just think of these online slots by Elk Studios: Taco Brothers, Wild Toro, Sam on the Beach, Ivanhoe and Route 777.
Absolute gems, every one of them.
That is the reason we could not wait to review Lake’s Five. A little bit like when your favourite artist releases a new album. The feeling you get when you hear it for the first time… something along those lines.
Fortunately, we figured out that this new online slot would be just fine, even after just a few spins.
And when we won our first bonus feature on the Elk Studios slot, we were convinced entirely: this was another amazing slot.

How does the Lake’s Five slot work?
Lake’s Five is played on five reels with four symbols per reel. There are 178 ways to win, and symbols touching one another makes combinations. It is not a win all-ways slots, and there are no fixed paylines, but it is something in between these two.
We can safely say that the payout percentage of Lake’s Five is very good at 96.3%. The variance is relatively high. In the primary game, you will not get to the main prize very often, but in the bonus round Lake’s Five can go off: the maximum payout is a whopping 216,000 coins.
Symbols and payouts
All symbols are stacked.
The premium symbols are the five animals that play the main parts. The sultry looking goldfish is worth the most: 5 of these symbols on an active payline is good for 1,000 coins.
The rest of the animals are valued between 120 and 500 coins when hitting a 5-of-a-kind.
There are two ‘low value’ symbols, a fishbowl with a diamond and a doctor’s bag. Both of these will pay out 100 coins, providing you spin 5 identical ones.

Free spin bonus
The free spin bonus is what it is all about with this fun slot.
You activate the bonus by spinning three scattered Lake’s Five symbols. If you only manage 2, the symbols turn wild, and you get a respin. The scatters move down a spot after the respin, but as long as they remain on the screen, you will receive new respins. Did you manage to get the missing scatters on the reels after all? You will still win the free spin bonus. You start with 10 free spins.
During the free spins, you can save up keys. With these keys, you unlock three different kinds of wilds.
You need three keys for every wild, but to help you out a little, you will receive an extra free spin for every key you collect.
As soon as you unlock a wild, it will remain active during the remainder of the free spins.
These are the three kinds of wilds you can unlock:
- Walking Wilds: the wilds move across the screen horizontally.
- Sticky Wilds: the wilds become sticky
- Climbing Wilds: the wilds move upwards
What happens when two wilds encounter each other? Then they change into a wild with a multiplier of 3 x once.
The free spin bonus in Lake’s Five turned out to be insane. The further you get into the game, the more wilds there are and the more wilds, the bigger the jackpot.
So, there is a gradual build-up of excitement, which makes the bonus round irresistibly fun. It doesn’t drop very often, but boy, oh boy, what a lot of fun it is when it does come around.
Our verdict on the Lake’s Five video slot
Elk Studios has once again released a top-notch slot. The cartoon-like vibe might come across as a touch too playful for some, but the free spin bonus is a must-play.
You can win hefty sums with Lake’s Five, but you do have to be able to free up several wilds to achieve this. As far as that is concerned, we found the bonus round’s excitement level comparable with the Jack and the Beanstalk slot by Netent.
4.1 out of 5 stars.
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