PG SoftPG Soft

    Mermaid Riches

    8.4/10
    Release October 2021· Updated August 2026

    Underwater slot by PG Soft (October 2021). Pyramid grid that flips in free spins, x10 multiplier, 20,000x advertised. BetsRank score: 8.4/10.

    RTP
    96.71%
    Volatility
    Medium
    Max Win
    20 000x
    Grid
    1-2-3-4-5 (flipped to 5-4-3-2-1 in free spins)
    Bonus Buy
    No
    Grille inversée en free spins (Reelset Changing)Cascades avec multiplicateur x1→x5 (x2→x10 en bonus)Wild perle mobile à chaque spinWilds à compteur 1 à 3 utilisations
    Mermaid Riches
    🎰

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    8.4

    BetsRank Verdict

    Hands-on testing by Alexandre Dubois — bonus tested, multiple sessions

    Released on 1 October 2021 (after an exclusivity window in late August), Mermaid Riches is one of PG Soft's cleverest titles mechanically. The grid adopts a pyramid 1-2-3-4-5 layout for 120 ways to win and — here is the twist — flips to 5-4-3-2-1 during the free spins. RTP 96.71% (main game 75.01%, free spins 21.70%), medium volatility. The engine combines cascades with a multiplier climbing x1 → x2 → x3 → x5 in base play, doubled in the bonus (x2 → x10) and, crucially, never reset between spins. Two wild types: the golden oyster pearl, which repositions on every paid spin, and count-down wilds (1 to 3 uses). On the potential, stay clear-eyed: 20,000x advertised against 3,513x in simulation over one billion spins.

    Strengths

    • +Grid flips during free spins — a genuinely unique mechanic
    • +Multiplier doubled in the bonus (x2 to x10) and never reset
    • +75.01% of the RTP in the base game: lively non-bonus sessions
    • +Two complementary wild systems (roaming pearl + count-down)

    To consider

    • Large gap between advertised (20,000x) and simulated (3,513x)
    • Maximum bet capped at just €20
    • No bonus buy
    • Only 21.70% of the RTP sits in the free spins

    About Mermaid Riches

    Released as an exclusive on 27 August 2021 and then widely on 1 October 2021, Mermaid Riches is probably the most inventive PG Soft title of its generation in mechanical terms. The grid is not rectangular: it takes a pyramid 1-2-3-4-5 shape (one symbol on the first reel, two on the second, and so on) for a total of 120 ways to win. The game's twist arrives in the bonus: the grid flips entirely to 5-4-3-2-1 during the free spins, which completely changes the geometry of the combinations. RTP is 96.71%, with an atypical and rather favourable split: 75.01% in the base game against only 21.70% in the free spins — so non-bonus sessions stay considerably livelier than the catalogue average. Medium volatility. The engine rests on cascades paired with a progressive multiplier: in base play it climbs x1 → x2 → x3 → x5 across successive cascades; in free spins all those values are doubled (x2 → x10 after three cascades) and, decisively, the multiplier is not reset between free spins. The bonus round opens on at least 3 mermaid scatters, awards 8 free spins with +2 spins per additional scatter, and retriggers on 3 fresh scatters. Two wild systems coexist: the golden oyster pearl, which moves to a random position on every paid spin and stays frozen through the cascade sequence, and count-down wilds numbered 1 to 3, showing how many more wins they can take part in before disappearing. On maximum potential, transparency is required: PG Soft advertises 20,000x your stake, but the reference simulations over one billion spins top out at 3,513x. That is a factor of five and a half — the advertised ceiling remains theoretically reachable, but it should not be your yardstick for sizing a session. Finally, the maximum bet is capped at €20 and no bonus buy is available.

    Key mechanics

    • Pyramid 1-2-3-4-5 grid, 120 ways to win
    • Grid flips to 5-4-3-2-1 during the free spins
    • Cascades: multiplier x1→x5 in base, x2→x10 in bonus with no reset
    • 8 free spins on 3 scatters, +2 per additional scatter
    • Roaming pearl wild + count-down wilds with 1 to 3 uses

    Mermaid Riches FAQ

    What is the RTP of Mermaid Riches?

    Official RTP: 96.

    71%, split into 75. 01% for the main game and 21. 70% for the free spins. That heavily base-game-weighted split makes non-bonus sessions steadier than on most PG Soft titles.

    Why does the Mermaid Riches grid change in free spins?

    That is the game's signature mechanic: the base game's pyramid 1-2-3-4-5 grid flips to 5-4-3-2-1 during the bonus round.

    The geometry of the 120 ways to win changes with it, favouring different combinations.

    What is the real max win on Mermaid Riches?

    PG Soft advertises 20,000x your stake, but the industry's reference simulations over one billion spins top out at 3,513x.

    The advertised ceiling remains the engine's theoretical maximum; the second figure better reflects what is actually observed.

    How does the Mermaid Riches multiplier climb?

    Through cascades.

    In base play it progresses x1 → x2 → x3 → x5 across successive cascades. In free spins all values are doubled (x2 → x10 after three cascades) and the multiplier is not reset between free spins.

    Which casinos offer Mermaid Riches?

    Mermaid Riches is available at the casinos in our panel that carry PG Soft, such as CosmoBet and Lussurio.

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    Slot sheet last updated on · Sources: slotcatalog.com, official provider sites, BetsRank hands-on testing