Treasure Horse Slot Review
A jade cliff rises out of turquoise mist behind three small reels, a waterfall threading down beside a temple-gateway frame strung with gold coins, and a plum-blossom branch leans in over the corner like it wandered in from a different season. Treasure Horse is one of the few three-reel games where the bonus round is genuinely different from the base game rather than just a faster version of it, and that difference is the only reason to pick it up.
Pragmatic Play have built a 3×3 grid with 18 paylines, running at 96.52% RTP on low volatility, with a top prize of 6,100x the bet. The compact format sits somewhere between 3 Dancing Monkeys and 5 Lions Megaways in the studio’s Eastern-themed line, closer in spirit to Lucky Fortune Tree than to anything sprawling.
Base Game & Features
Three reels and three rows is a small canvas, and Treasure Horse fills it with 18 fixed paylines, each running left to right across adjacent reels from the leftmost one. Only the highest combination counts on any single line. When several lines win at once, all of them are added together into the total.
A three-reel game only ever pays three of a kind, so the paytable is a short ladder with no small-change two-of-a-kind tier below it. Every win is the full amount for that symbol. Values below are multiples of the total bet:
- Wild – 55.5556x for three
- Coin – 22.2222x for three
- Red envelope with coins – 8.3333x for three
- 88 – 4.1667x for three
- Bamboo – 2.2222x for three
- Triple bar – 1.1111x for three
- Double bar – 0.5556x for three
- Single bar – 0.2778x for three
The theme splits the ladder in two. The upper half carries the New Year imagery: a gold coin, a red envelope stuffed with cash, the lucky number 88, and a bamboo stalk. Below them sits a classic bar rung, triple, double and single, paying fractions of the stake. It’s a paytable that looks forwards and backwards at the same time.
The wild tops the lot, paying more than double the coin and standing as the richest symbol in the game. It substitutes for everything except the scatter. On three reels that’s a lot of leverage: a wild on the first reel completes any pair already sitting to its right, and because wins pay left to right, that first reel position is where it does all its work.
The scatter is a golden horse, and it can appear on all reels. It doesn’t pay anything itself; three of them anywhere on the grid trigger the free spins round. Stakes run from 0.18 to 243.00 per spin, a wide range for a game this size.
Bets are set through two fields, coins per line and coin value, with the bet menu showing the line count and the total stake in both coins and cash. The credit and bet readouts can be switched between those two views at any time. Autoplay runs a chosen number of spins with a counter showing what’s left, and it can be stopped between spins. There’s a skip-screens option that jumps past the feature introduction and end screens, and spin speed cycles from normal up to turbo.
Low volatility shapes the whole experience. Wins land in smaller amounts and more often than in the studio’s high-variance output, which suits the compact grid: a 22x coin win is a real result here rather than pocket change on the way to something bigger. The 6,100x ceiling is still there, but the road to it runs through frequent modest hits rather than long silences.
Treasure Horse Free Spins Round
Three golden horses award eight free spins. That’s the whole trigger, and there’s no feature buy or ante bet to shortcut it. The round itself carries two changes to the base game, and they work on each other.
The first is a fourth reel, added to the screen for the duration of the round. It holds nothing but multiplier items, and when each spin settles, one multiplier is drawn at random from it and applied to whatever that spin won. A losing spin has nothing to multiply. A winning one gets its boost every time.
The second change is that all symbols are stacked on all reels. On a 3×3 grid that matters a great deal, because a full stack on the first reel puts the same symbol on every payline that starts there. Stacked symbols across three reels turn a modest win into a screen-filling one, and the multiplier reel then works on whatever the stacks produce.
The round plays out one spin at a time, and each spin runs the same sequence. The three base reels stop, any line wins are totted up, then the fourth reel settles and its drawn multiplier is applied to that spin’s total. Stacks load the reels, the multiplier scales the result, and the next spin starts fresh.
Put those two together and the round builds in a way the base game can’t. A stacked screen multiplied by a drawn multiplier is how this game pays its biggest prizes, and eight spins is enough runway for it to happen more than once.
Retriggers keep the runway extendable. Every scatter that hits during the round awards one additional free spin, with no limit. A round that keeps drawing golden horses can run well past its starting count, and each extra spin is another chance at a big multiplier landing on a stacked win.
The round pays out in one piece. Free spins wins are added to the payline win and awarded after the whole round completes, so nothing lands mid-feature to interrupt it. The scatter stays live on all reels throughout, which is what keeps the retrigger chain turning.
Our Honest Verdict
Overall Rating: 7.3/10
This is a game of two speeds. Most of the time it’s a gentle three-reel amble through a beautiful valley, small wins arriving often enough that the balance barely moves; then three golden horses appear and everything changes shape at once. That transformation is the one reason to sit down here, and it’s a good one.
The free spins round is the best thing in the game, because a new reel and stacked symbols genuinely remake it rather than repainting it. The base game is the weak part: between horses, there’s a wild and a lot of bars, and not much to hold the attention for long stretches.
It suits players who enjoy classic three-reel play and don’t need constant action between bonuses. Anyone after the studio’s loud, sprawling machines will find this one too quiet. The valley, though, is lovely enough that the quiet is its own reward.
Treasure Horse FAQs
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What is the RTP of Treasure Horse?
96.52% -
How many paylines does Treasure Horse have?
Treasure Horse has 18 fixed paylines across its three reels. -
What is the minimum and maximum bet on Treasure Horse?
Stakes run from 0.18 to 243.00 per spin. -
What is the maximum win on Treasure Horse?
The maximum win is 6,100x the bet. -
How do you trigger free spins in Treasure Horse?
Land three golden horse scatter symbols anywhere on the reels and the round begins with eight spins. Hitting a scatter during the round extends it by one spin, and there is no cap on how far it can run. -
What does the fourth reel do in Treasure Horse free spins?
During free spins a fourth reel appears containing only multipliers. Once each spin finishes, one multiplier from that reel is drawn at random and multiplies the win that spin produced. -
Does the wild substitute for the scatter in Treasure Horse?
No. The wild substitutes for all symbols except the scatter, and it’s also the game’s highest-paying symbol at 55.5556x the total bet for three of a kind. -
Are free spins wins paid during the round in Treasure Horse?
No. The free spins win is added to the payline win and awarded once the whole round completes, with the total covering the entire cycle.
