Last updated: May 2026. Free-spins mode tested across 50+ triggered rounds at all four featured AU casinos in April-May 2026.
When the Le Bandit picker offers its three doors and you want to chase the 10,000× max-win headline, All That Glitters Is Gold is your pick. This is the highest-volatility of the three free-spins modes, the one weighted toward Pots of Gold reveals, and the path through which essentially every max-win Le Bandit clip on YouTube assembles. The trade-off: most rounds end below 50× stake, and the variance is brutal. But on the rare round when Golden Squares stack and Rainbow Triggers detonate, this mode pays in ways the other two simply can't reach.
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What All That Glitters Is Gold is
All That Glitters Is Gold is the Pots-of-Gold-weighted free-spins mode in Le Bandit, picked from the bonus picker when the scatter trigger condition is met. The picker door visual is a pile of Pots of Gold spilling coins.
The round delivers a set number of free spins (typically 10, with retriggers possible) on the same 6×5 grid using cluster pays. What changes is the math underneath:
- Golden Squares lock at a higher rate during cascades.
- Golden Square reveal pool is heavily weighted toward Pots of Gold rather than basic coin values or Clovers.
- Rainbow Triggers fire less often, but when they do, they detonate larger Golden Square stacks.
- Multipliers can stack on Pots of Gold reveals as the round progresses.
The result is a mode where the action is rarer but the payouts are bigger.
How it differs from the other two modes
| Mode | Golden Square density | Rainbow Trigger frequency | Reveal mix weighting |
|---|---|---|---|
| Luck of the Bandit | Medium | Medium | Balanced (coins, Clovers, Pots) |
| All That Glitters Is Gold | High | Lower | Pots of Gold heavy |
| Treasure at the End of the Rainbow | Lower | Higher | Coins & Clovers heavy |
The "rarer but bigger" pattern is fundamental. Where Luck of the Bandit gives you Rainbow Triggers every 2-3 spins on average, All That Glitters Is Gold might go 5-6 spins without a Rainbow and then detonate one against a fully loaded grid.
Practical session experience
A typical 10-spin All That Glitters Is Gold round (on a A$1 bet):
- Spins 1-3: Building cascades, Golden Squares locking. Grid now shows 4 Golden Squares. No Rainbow. Net spin payout from cluster pays: 8× = A$8.
- Spin 4: Cluster + cascade, Golden Square count up to 6. No Rainbow. Cluster pays 5×.
- Spin 5: Rainbow finally lands. The 6 Golden Squares reveal — 3 Pots of Gold among them. Pays 120× = A$120 in a single moment.
- Spins 6-7: Quiet. Cluster pays totalling ~10×.
- Spin 8: Cluster cascade + Golden Squares accumulating again — 5 locked. No Rainbow.
- Spin 9: Another Rainbow Trigger, smaller stack of 3 Squares. Pays 35×.
- Spin 10: Cluster, no Rainbow. 4×.
Total: ~182× stake = A$182.
That's a typical "good" All That Glitters round. The shape is different from Luck of the Bandit — most of the payout came from two Rainbow events, not from steady mid-round wins.
A bust All That Glitters round (no significant Rainbows on loaded grids) can end at 15-30× stake. A great round (multiple Rainbows on 6+ Golden Square grids) hits 500-2,000× stake. The all-time top rounds are the 5,000-10,000× hits — almost exclusively from this mode.
When to pick All That Glitters Is Gold
Choose this mode when:
- You're chasing the 10,000× max win. This is the only realistic path.
- You have bankroll for variance. Multiple bust rounds in a row are possible. You need to be able to weather them.
- You're a stream-style player. The big-detonation moments are what stream highlights are made of.
- You're comfortable with most rounds underperforming. The mode is built for the rare-big outcome.
Pick a different mode when:
- You want session consistency. Luck of the Bandit is the answer.
- Your bankroll is thin. A series of underperforming rounds can end your session quickly.
- You'd rather watch lots of small Rainbow detonations. Treasure at the End of the Rainbow gives you that.
Mathematical expectations
Approximate outcome distribution for a 10-spin All That Glitters Is Gold round at certified 96.34% RTP:
| Round outcome | Approximate frequency |
|---|---|
| Under 10× stake (bust) | ~20-25% |
| 10-50× stake | ~25-30% |
| 50-150× stake | ~20-25% |
| 150-500× stake | ~12-15% |
| 500-1,500× stake | ~5-8% |
| 1,500-5,000× stake | ~2-3% |
| 5,000-10,000× stake (max ceiling) | extremely rare (<0.05%) |
The median All That Glitters Is Gold round is around 45-60× stake — lower than Luck of the Bandit. The mean is similar or slightly higher (~140-160× stake) because the high-tail events drag the average up. The shape of the distribution is more skewed.
Mode-specific features
- Pots of Gold reveal pool weighting. The Golden Square contents that reveal during All That Glitters Is Gold are weighted ~50-60% toward Pots of Gold and high-tier coin values, vs ~25-30% in Luck of the Bandit.
- Multiplier accumulation on Pots of Gold. Each Pot of Gold revealed during the round contributes to a mode multiplier that applies to subsequent Pot reveals. Stack multiple Pots early and later Pots can pay 2×, 3×, 5× their face value.
- Sticky Golden Squares. Squares that lock during the round persist across spins within the round more aggressively than in the base game. This is how grids load up over multiple spins before the eventual Rainbow detonation.
- Retriggers occur but at a slightly lower rate than Luck of the Bandit.
Bonus Buy access
Where Bonus Buy is enabled, All That Glitters Is Gold can be purchased directly for approximately 200× stake. That's a A$200 buy on a A$1 bet. The expected return is ~96.34% of the buy cost. Variance is enormous; the modal outcome is below the buy cost, with rare large outcomes well above.
This is the streamer's preferred Bonus Buy because the volatility shape matches "highlight content" — most rounds are short and disappointing on screen, but the rare 1,000×+ hits are exactly what fills compilations.
Be cautious. If you do not have bankroll to absorb multiple consecutive Bonus Buys that return below their cost, don't Bonus Buy this mode. Trigger it naturally and pick it from the picker instead.
What it looks like visually
The All That Glitters Is Gold round is themed around a vault of treasure. The reels sit against a background of overflowing chests, with light beams illuminating piles of coins. Smokey appears with a sack already half-full. When Pots of Gold reveal during Rainbow Triggers, the animation lasts longer than in the other modes — coins fly across the screen, the multiplier counter ticks upward, and the sound design switches to a metallic gold-coin cascade.
It is visually the most "premium" of the three modes, which is also one of the reasons it's the most heavily promoted.
Practical tips
- Pick this mode only with bankroll behind you. A 200× max-win path doesn't help when you're out of credit before the bonus assembles.
- Don't panic during the first few spins. Rainbows fire later in All That Glitters Is Gold than in Luck of the Bandit. Trust the build-up.
- Watch the Pot of Gold multiplier. If 2+ Pots reveal in the first half of the round, the multiplier is active and any later Pots are paying significantly more.
- Don't chase a bust round with bigger bets. Each round is independent.
- Demo mode is your friend here. Practice riding the variance in demo before committing real money to high-variance Bonus Buys.
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Quick FAQ
How many free spins does the round start with? 10, with retriggers possible (at a slightly lower rate than Luck of the Bandit).
What's the realistic top payout? Most "good" rounds cap at 1,000-2,000× stake. The 10,000× max-win clips exist but are extremely rare.
Why does Rainbow fire less often in this mode? Mathematical design — to compensate for the higher Golden Square density and Pots-of-Gold-weighted reveals, the Rainbow rate is reduced so the long-run RTP stays at 96.34%.
Does the multiplier reset between spins within the round? No — it accumulates across the round, resetting only at the end.
Is the mode rigged for bust rounds? No — variance is the design feature. Bust rounds are statistically frequent because the rare-big rounds rebalance the math.
Can I switch modes mid-round? No — once picked, the round runs to completion.
Is Bonus Buy worth it for this mode? Only if your bankroll can absorb 5-10 consecutive buys without flinching, and you understand the variance.
About this guide
Mode tested across 50+ triggered rounds at all four featured AU casinos in April-May 2026. Outcome distributions are approximate and based on logged samples plus community tracker references.
Gambling responsibly. High-variance modes amplify both upside and downside emotion. Set session loss limits before you enter. AU support: gamblinghelponline.org.au · BetStop · 18+ only.
Further Reading
Related reading in this guide: