Mustang Gold Slot Review

Mustang Gold Slot Overview

Mustang Gold is a western themed online slot from Pragmatic Play with 5 reels, 3 rows and 25 fixed paylines. The action plays out against a canyon backdrop with cowboys, cowgirls and mustangs on the reels. The slot came out in early 2019 and sits in the medium to high volatility range. The headline figures are a 96.53% RTP on the best setting and a maximum win of 12000x your stake.

For betting, Mustang Gold lets you stake from 0.25 up to 125 per spin, so I can play it comfortably whether I feel like taking it easy or pushing the risk. Four fixed jackpots sit on top of the regular paytable, with the Grand prize paying 1000x the bet. The base game is straightforward, yet the bonus features keep the sessions tense and swingy.

Theme and Graphics in Mustang Gold

When I load Mustang Gold I get thrown straight into a Wild West canyon at sunset, with a deep red sky, dust in the air and a ranch in the distance. The reels carry wooden frames, and the symbols look sharp rather than flashy. The soundtrack leans on twangy country guitar and steady drums, which suits longer sessions. It is not the flashiest slot, but the mood fits the gameplay.

Mustang Gold Symbols and Paytable

Mustang Gold splits its symbols into low pays, high pays and specials. The low paying symbols are J, Q, K and A styled in card lettering. High paying symbols show the cowgirl, the cowboy, a black mustang and a white mustang. The Mustang Gold logo acts as the Wild on reels 2 to 5, while the campfire Scatter appears only on reels 2, 3 and 4 to trigger free spins.

The golden horseshoe is the Money symbol and lands on reels 1 to 4, carrying either a cash amount or one of the jackpot labels. A gold sheriff badge on reel 5 is the Collect symbol that pulls in everything on the horseshoes. Line wins can reach 20x for five white mustangs, 12x for five black mustangs, 10x for five cowboys and 8x for five cowgirls on a payline.

The low symbols, A to J, top out at 4x for five of a kind, so most of the punch sits in the premium pictures and the Money symbols. I notice quite a gap between small line hits and the bigger horse wins, which makes the Collect spins stand out. You still need three or more matching symbols left to right, so regular lines matter while you wait for features.

Symbols and Paytable

Symbol	Quantity	Payout
	5	x20
	4	x2
	3	x0.4
	5	x12
	4	x2
	3	x0.4
	5	x10
	4	x1
	3	x0.4
	5	x8
	4	x1
	3	x0.4
	5	x4
	4	x0.6
	3	x0.2
	5	x4
	4	x0.6
	3	x0.2
	5	x4
	4	x0.6
	3	x0.2
	5	x4
	4	x0.6
	3	x0.2
	Wild
	Scatter
	Special
	Collect

Mustang Gold RTP, Volatility and Max Win

On paper Mustang Gold comes with a 96.53% return to player, though some operators run it on a lower 95.54% setting. That difference sounds small, yet over long play it widens the house edge quite a bit. I always check the info section in the game for the exact percentage before I start, since that tells me whether the slot is set to the more generous profile.

In practice Mustang Gold behaves like a medium to high volatility slot. I have gone through stretches of dead spins, then hit a Money Collect or free spins round that pays a few hundred times the stake. You can win up to 12000x in theory, but that will come from stacked features rather than the fixed jackpots. I treat it as a swingy grinder rather than a quick hit game.

Money Collect Feature and Jackpots in Mustang Gold

The Money Collect feature sits at the heart of Mustang Gold. Horseshoe Money symbols land on reels 1 to 4 with either straight cash amounts from 1x to 35x or one of the jackpot tags. When a gold sheriff badge hits reel 5 on the same spin, it collects every visible horseshoe prize. In a good run I have seen several horseshoes line up for a chunky instant hit.

If any of the collected horseshoes carry jackpot labels, you move into the Jackpot Reveal bonus. Here you pick from a field of horseshoes until you match three identical jackpot symbols. The Mini pays 50x, the Minor 100x, the Major 200x and the Grand 1000x your stake. I like this round because the prizes are fixed and you always know exactly what each tier can deliver.

Free Spins Bonus in Mustang Gold

The free spins round in Mustang Gold triggers when three campfire Scatters land on reels 2, 3 and 4. That awards 8 free spins on a tweaked reel set with more Money symbols and Collect badges. Hit another set of three Scatters during the feature and you get 8 extra spins, with no stated cap. In theory the feature can keep going as long as you keep landing retriggers.

There are no win multipliers in this bonus, yet the extra frequency of horseshoes and Collect symbols can turn it into a very strong round. I have had runs where free spins took a while to appear, then dropped a Money Collect for over 60x alongside a Minor jackpot pick. Other times the round fizzled out with small line wins, which matches the high variance feel of the game.

Is Mustang Gold Worth Playing? My Verdict

As a regular slot player I rate Mustang Gold as a solid Wild West option when I fancy straightforward mechanics with punchy feature potential. The graphics are a bit dated, yet the Money Collect and four jackpots keep me engaged, especially in long sessions. If you like 5x3 slots with fixed paylines, retriggerable free spins and clear jackpot tiers, this one deserves a spot in your rotation.

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