Mustang Gold slot review

Mustang Gold slot overview

Mustang Gold is a classic-shaped slot with a modern twist. The 5×3 grid and 25 paylines look familiar, and line wins work as normal. The difference is a row of horseshoes that can carry cash values, which sit on the reels doing nothing until the right symbol shows up on the far right.

That makes the game a waiting game in the base spins: you see value on the screen, but you only get it if reel 5 cooperates. Pragmatic Play released it in 2019, and it’s one of a number of collect-style slots from the studio. You’ll find more like it on our mobile slot reviews hub.

How the features work in Mustang Gold

Horseshoes and the Money Collect symbol

Horseshoe symbols can land on reels 1, 2, 3 and 4, each showing a cash value. On their own, they pay nothing. If a Money Collect symbol lands on reel 5 in the same spin, it gathers the value of every horseshoe on the screen and pays you the total.

Here’s an illustration with made-up numbers, not the game’s paytable: say three horseshoes show £0.50, £1.00 and £2.00. With no collector on reel 5, you get nothing from them. With a collector, you win £3.50 on top of any line wins.

The jackpot pick game

Some horseshoes are jackpot horseshoes. If one of these is collected by the Money Collect symbol, it starts a pick game in which you win one of four fixed jackpots. Fixed means the prizes don’t grow over time like a progressive jackpot; the values are shown in the game.

Free spins

Three fireplace scatters landing on reels 2, 3 and 4 trigger 8 free spins. During the round, horseshoes and Money Collect symbols appear more often, so collects become more likely. The free spins can be retriggered, adding more spins to the round.

Is Mustang Gold high volatility? Why sources differ

Different reference sources describe Mustang Gold as medium or high volatility, so we list it as medium to high. Volatility is the developer’s description of how wins are spread, and third-party sites sometimes classify games differently. The game’s own information screen is the most reliable place to look.

The mechanic gives a clue. Horseshoes only pay with a collector on reel 5, so there will be many spins where value appears and isn’t paid. When a collect does land, especially in free spins with more horseshoes on screen, it can pay well. That pattern fits a game sitting somewhere between the middle and the top of the range.

Mustang Gold RTP and a £20 budget

At 96.53% RTP, the average cost is £3.47 for every £100 staked. Here’s how that plays out on a £20 budget at three stakes.

As with any slot, the average loss on a given amount staked is the same at every stake. A lower stake just means more spins and more chances to see free spins or a collect. At £1, 20 spins is a short session for a game whose best moments depend on reel 5.

If you’re comparing apps, our RTP explainer and guide to whether RTP is lower on casino apps explain why the figure should be the same on your phone as on desktop. Confirm it in the game’s help screen.

1. Choose a budget and a stake that gives at least 100 spins (20p for £20).
2. Set a deposit limit in your casino account.
3. Check the jackpot values in the paytable at your chosen stake.
4. Keep an eye on the net spend and session time shown during play.
5. End the session when the budget is gone; don’t chase a jackpot.

Mustang Gold jackpots: fixed, not progressive

The four jackpots in Mustang Gold are fixed. That’s different from network jackpots such as Blueprint’s Jackpot King, used in Genie Jackpots, where a shared pot grows across many games.

The game’s rules screen shows the current jackpot values. If you want slots built around large growing prizes, see our jackpot slots guide and our list of jackpot slot apps.

Mustang Gold on iPhone and Android

Mustang Gold is an HTML5 slot, so it runs in casino apps and mobile browsers without a separate download. A 5×3 grid is one of the easiest layouts to read on a phone, and the horseshoe values are large enough to follow on most screens. We haven’t verified whether this build supports portrait mode, so rotate your phone to check.

• Get casino apps only from the official App Store or Google Play listing; see our Android casino app install guide.
• Older phones handle 5×3 slots well, though app requirements vary; our older phones page covers what to check.
• If the app closes during free spins, the round should continue when you reopen it; see what happens if a casino app crashes mid-game.

UK rules for Mustang Gold in casino apps

In Great Britain, online slots follow Gambling Commission rules on stakes and game speed. These apply to Mustang Gold in any UK-licensed app.

The Commission’s online slots stake limit guidance (opens in a new tab) explains how the limits apply per game cycle. See our pages on slot stake limits and game speed rules. Since a Gambling Commission warning in January 2020, feature buy-ins are not offered to British players.

About Pragmatic Play

Pragmatic Play was founded in 2015 and is headquartered in Gibraltar. It’s owned by a private investor group led by Veridian (Gibraltar) Limited, and its chief executive is Julian Jarvis. It makes slots, live casino, Drops & Wins promotions, jackpots, and crash and arcade games, and is regulated by the Gambling Commission, Gibraltar and more than 30 other jurisdictions. Details are on Pragmatic Play’s website (opens in a new tab).

It’s best known for Gates of Olympus, Sweet Bonanza and Big Bass Bonanza. A slot catalogue entry for Mustang Gold (opens in a new tab) records the same feature set described above.

Slots like Mustang Gold

If the cash-collect idea appeals, these games on our site use related mechanics or come from the same studio.

Mustang Gold review: pros and cons

Mustang Gold is easy to understand and suits players who like a simple layout with a clear goal on every spin. Its main drawback is the frustration of seeing horseshoe values go uncollected.

Where to play Mustang Gold: app welcome offers

Look in each app’s lobby for Mustang Gold, as we can’t confirm which partners list it. The welcome spins below are tied to Big Bass Bonanza or to selected games, not to Mustang Gold. New customers aged 18+ only; terms apply.

• PlayOJO – a first deposit of £10 or more gets you 80 free spins on Big Bass Bonanza worth 10p each, with no wagering and winnings paid as cash. Not available in Northern Ireland, can’t be combined, designated offer link only.
• Coral Casino – during 1 October 2026 to 1 February 2027, deposit and bet £10 or more on slots for 100 free spins at 10p on selected games, accepted within 48 hours and valid 7 days, with no wagering on winnings. Neteller, PayPal, Paysafe, Skrill, prepaid cards and some debit cards are excluded.
• Ladbrokes Casino – deposit and spend £10 on slots for 50 free spins a day over your first 10 days (500 total), 10p each on selected games, claimed by 23:59 each day and valid 7 days, no wagering. Prepaid cards, PayPal, Paysafe, Neteller, Skrill and Moneybookers don’t count.

Coral and Ladbrokes are run by the same company, LC International Limited, so new accounts at both may not be allowed. Compare the PlayOJO, Coral and Ladbrokes apps in our best slot apps ranking.

18+. Every casino game has a built-in house edge, so over time you should expect to lose what you stake. Set a budget before you play and stop when it’s gone: safer gambling tools and support. Free, confidential help: National Gambling Helpline 0808 8020 133.