Mustang Gold

Mustang Gold Slot

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  • A Mustang Gold RTP of 96.53%
  • 3 types of Jackpot Rounds allow players to win big
  • The Free Spins and Jackpot Rounds together, increase the probability of players to land high multipliers in a single spin
  • The volatility of the slot is near Medium, and not high. Yet it could be better, because lower the volatility, higher is the chances of winning
  • The highest payout is rarely possible, almost impossible practically

Mustang Gold Slot: Quick Verdict

Set as the first release from the house of Pragmatic Play, Mustang Gold Slot is a western-themed online slot game. With all standard equipment like 5 reels, 3 rows, and up to 25 paylines, the Mustang Gold slot is your daily usual slot machine on your smartphone. It is available on casino websites as well. In this Mustang Gold Slot Review, we will discuss all important aspects of this online casino slot. Think about the Mustang Gold Paytable, Mustang Gold RTP, Bonuses, Look & Feel, and more!

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Mustang Gold RTP
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Basic Info on Mustang Gold Slot

Developer:Pragmatic Play
Mustang Gold RTP:96.53%
Variance/Volatility:7/10 Med/High
Min/Max Bet:0,25/125,00
Jackpot:Yes, 4: Mini, Minor, Major, Grand
Bonus Features:Jackpots, Wilds, Scatters, Free Spins, Bonus Game
Theme:Horses, Animals, Wild West, Cowboys, Cowgirls,

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Mustang Gold Slot: A Small Intro

A software company that holds rights to this slot game, Pragmatic Play was founded in 2015 and is a relatively new establishment. It is trying to be the best casino software provider and a leader in the industry. There are dozens of great slot games under its belts such as Ultra Burn, Great Rhino Megaways, Bronco Spirit, and a similar theme slot as well, the Wild West Gold slot. Mustang Gold is an online slot sharing a similar theme with desert yellow-orange, red and brown atmosphere, cowboys, horses, and so on.

Today, Pragmatic Play has branches all over the world including developing countries like India. Mustang Gold is an innovative slot in the way that it promises up to 12,000 times your money at stake. This is no less than a huge jackpot win if you carefully consider it. For those who wish to play a free demo, this slot is available from various online review sites and online casinos. You can have a hands-on session without risking real money and get a taste of the game. It is fun to play without much trouble in understanding the rules and stuff.

Theme & Storyline of Mustang Gold Slot

Mustang Gold Slot Look & Feel

The theme and storyline revolve around the wild horses of the West. As the name suggests, Mustangs are horses, previously also names of fighter aircraft, jets, and even cars from Ford. As players immerse in the theme and the story, they can experience the gracious Mustangs of the American West. The Mustang Gold online slot game is fascinating and offers a fantasyland-like atmosphere.

The story is about the wild horses that roam freely in the vast Prairies of temperate grasslands of Northern America, and Canada. They are characterized by limitless huge fields of yellow grasses with sky-blue sky and splashes of white fluffy clouds. Now, after being brought to the continent by Spanish conquistadors back in the 16th century, they have spread all over the grasslands. It is here that Pragmatic Play tries to capture the idea, and develops a game with the same theme. With stunning looking graphics, mustangs, and four fixed jackpots, the game is a treasure trove. 

Further, as the players proceed, they will encounter a coin win game, and then a free spins bonus round as the storyline comes to an end. With unlimited triggers by the end of the game, players can stand a chance to win big hefty rewards and go back home with a great experience. All this complements the overall theme, both spatially and audio-visual interface. 

Mustang Gold: Graphics, Sounds & Animation 

The soundtrack or the theme music is decent but nothing spectacular. As Pragmatic Play focuses on the features and innovative rounds, the movie-making creativity suffers here. Mustang Gold slot is, unfortunately, a horse race. The soundtrack reminds me of the good-old cowboy movies, especially the entrance score or just before a battle. If you love the good old movies that feature Lee Van Cleef, Clint Eastwood, Charles Bronson, or John Wayne, you will instantly know what I mean. Horses neigh and players win their coins. The Good, Bad, & The Ugly is one famous example that comes to mind incessantly.


The graphics and the overall theme, the color palette is very bright with lots of sunny gold, bright orange, and yellow. You can see a barn, a horse in front of you as the reels spin and the symbols take the center stage. The buttons are neatly arranged at the bottom. The UI is clutter-free, looks good but is too bright. The artwork is appreciable and has rich details, shining, glazing all the time. As soon as you launch Mustang Gold, you can feel it alive with shining gold symbols all over the place, especially the horseshoe symbol which appears to be a grand symbol.


There are two separate soundtracks; the 2nd one is more unique as the whistling sound dominates the gameplay. This is a faster beating and energetic piece. The symbols include the cowboy, the cowgirl, the mustang, the bonfire, and the letters A, J, Q. All the scores are at the top while the big spin button is at the bottom-right corner. In the background, you can almost feel the desert warm wind and dust blowing across your face as you ride through the grasslands.

The howling of the coyote is also strikingly noticeable during the gameplay. The score is always playing in the background. Short animations are all over the place. They will appear at first when the game launches, then whenever symbols appear, wins are awarded, special symbols appear, and free spins are triggered. With simple short animations, it feels very lively and energetic.

If you ask my favorite, the soundtrack is very soothing and full of positivity at the same time. It is quite relaxing, takes you on a journey.

Mustang Gold Slot Special Bonus Features, Free Spins, Progressive Jackpots Etc

The slot game is packed with some nice features and explosive winning rewards. To be able to trigger them, players must learn the symbols, the multipliers, and when to hike the bet per payline. We shall introduce these strategies in a separate section but here, we talk about special features and bonus rounds. The Money Collect feature is a good theme, and then there are Free Spins that also is quite promising. There is a Bonus Jackpot game that serves as the icing on the cake.

1.    Money Collect Feature

The Mustang Gold slot offers a unique kind of round with the Money Collect feature. IT triggers when the players are in the main game as well as during Free Spins. This makes it unique and attractive. If any of the two symbols the Horseshoe or the Collect symbols appears on the reels, players can win big. The Horseshoe symbol which appears on reels 1, 2, 3, and 4, and the Collect symbol which appears only on reel 5 are the ones that offer the winning rewards. It goes like this,

  • If the horseshoe symbol lands on the reels, each will carry a cash reward instant win;
  • If the same spin lands Collect symbols on the 5th reel, the amount of the Horseshoe values are collected and added to the winning amount;

With a little twist, this slot game develops an interesting piece where players can enjoy a lot.

2.    Free Spins

During the Free Spins feature, the Mustang Gold slot looks for Scatter symbols. If there are 3 scatter symbols on reels 2, 3, and 4, players will get 8 free spins, the free spins are also triggered by landing another 3 scatters which awards an additional 8 free spins. Thus, there is no upper limit to the number of times this feature can recursively trigger itself. Thus, a second time, the Mustang Gold slot makes an interesting twist to the Free Spins feature that makes it stands out.

Further, the Free Spins feature does not end here. It benefits from Enhanced Reels in other ways too. When there are more horseshoe symbols and Collect symbols, their collection increases the probability of landing on bigger wins. It is a real strategy to learn here. In terms of gameplay, the Free Spins works similarly as in the Main game.

3.    Jackpot Bonus Game (Non-Progressive)

This slot game from Pragmatic does not have a progressive jackpot. Yet, the Mustang Gold slot does a lot of good with a high-paying jackpot. A fixed jackpot benefits from the gameplay while there are three other kinds too. Grand Jackpot, Minor Jackpot, and Mini Jackpot yield most of the wins for players. Relative to the current stakes this can reward players with 1000x, 200x, 100x, or 50x respectively. In order to trigger this feature, players must look for the Horseshoe Jackpot symbol or the Collect symbol. When 3 matching jackpot symbols appear, it triggers the corresponding jackpot.

What are the Mustang Gold RTP & Variance

An important part of choosing a new slot game is to check its RTP values. Though these values change from one casino to another, Pragmatic’s slot boasts an average Mustang Gold RTP of 96.53% but it can also dip below this at other operators and online casinos. It is completely the authority of the platform provider to make such changes.

So what does this Mustang Gold RTP mean? RTP is a score that tells if a player bet £100, he shall get in return an expected value of £96.53 only, for example, in this case. It stands for the return to the player on its betting amount. RTP values are average numbers. They are calculated over all players playing Mustang Gold Slot all over the world.

The Variance of Mustang Gold Slot has been set at 7/10 or medium/high.

What does the Mustang Gold Paytable Look like?

Before playing we at Play real Money Slots always check out the paytables of online casino slots. The Mustang Gold Paytable contains some important information for players. Think about the Variance, Payouts, Symbols & Special Bonus Features. Check out the Mustang Gold Paytable below,

Mustang Gold Paytable

Mustang Gold Free Spins

Mustang Gold Paylines

(These Payouts are based on the Max Bet of 125!)

To be frank and tell something vital, a Paytable is an important sheet of information. It is easily and readily accessible during gameplay and it tells which symbols are what and how much they value. From a responsible gaming point of view, low-paying symbols are usually A, J, Q, and K, which do not yield much. In this game, it is unusual that landing 3, 4, or 5 of these are worth next to nothing. 

The Premiums belongs to the symbols for Cowboy, Cowgirl, Black Mustangs, and White Mustangs. They are valuable symbols and when they appear on the reels, try betting per payline a bit more. These are most lucrative because they can award you 20 times your stake in a single spin. 

Finally, remember the Mustang Gold symbol which is the Wild symbol in this slot game. If this appears on reels 2, 3, 4, and 5, it replaces regular symbols and wards a full-reel stacked with the same and the multipliers for the same.

  • The Mustang Gold Paytable consists out of 8 main symbols, a Wild, a Scatter, a Collect & a Money symbol.
  • The slot’s logo is the Wild symbol. The Wild substitutes for all other symbols except for the Scatter, Money & Collect symbol;
  • There are 25 paylines in the Mustang Gold Paytable;
  • The Campfire is the Scatter symbol. Three Scatters are required for 8 Free Spins;

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How to Win/ Strategy for Mustang Gold Online Slot?

The higher is the RTP, the higher is the probability to make more wins. In this slot game, a strategy to win big is to keep looking for Free Spins and Collect Symbols. For example, if you land these symbols during the Jackpot Bonus round, and bet higher on each paylines, you can make up to 1000x in one spin. Further, players should note that Free Spins can retrigger themselves and are recursive, so betting higher during Free Spins round is usually a good thing to do. Next, looking at the Paytable now and then helps to figure out the high-paying symbols and recollecting them during gameplay.

There is no real strategy except for looking out for symbols as their landing cannot be predicted, and hence one cannot guarantee a big win.

Mustang Gold Slot: Final Verdict 

Pragmatic has several slot games and the Mustang Gold slot is nothing spectacular or unique. Yet, it tries to keep things simple and plain, easy to understand, a nice soundtrack, good graphics, and fresh ideas of replacing Free Spins, Jackpots, and so on. It is enjoyable for first-time players.

The Mustang Gold RTP is above average, the Medium variance is a good thing, and 25 paylines make it volatile but not too much. In all, it allows users to win up to 12,000x their betting stake and this is not a small winning amount. It is close to a real jackpot win. But, it is assumed that to get anywhere close to it, one has to depend solely on retriggers because for a single spin the reward is usually low around 200x, on average. Mustang Gold slot is balanced gameplay and a good-winning slot game of 2020.

Mustang Gold Slot: Pros & Cons 

There are good and not-so-good things about this slot as well, and Pragmatic Play recognizes them too. First, we list the good things and then the limitations.


  • A Mustang Gold RTP of 96.53%;
  • 3 types of Jackpot Rounds allow players to win big;
  • The Free Spins and Jackpot Rounds together, increase the probability of players to land high multipliers in a single spin;
  • The Free Spins is a recursive multiplier and retriggers again and again without any upper limit;


  • The volatility of the slot is near Medium, and not high. Yet it could be better, because the lower the volatility, the higher is the chances of winning;
  • The highest payout is rarely possible, almost impossible practically;

FAQ for Mustang Gold Slot

1.    What is the Highest Payout in Mustang Gold from Pragmatic?

This particular slot game offers an average payout of 500x, while the highest jackpot payout is 12,000 times the betting amount at stake.

2.    Is there a Progressive Jackpot?

Mustang Gold slot from Pragmatic Play does not have a Progressive Jackpot feature as of 2022.

3.    What is the Wild Symbol in the Mustang Gold Slot?

The ‘Mustang Gold’ text written in golden colors is the Wild symbol. This is a grand winning symbol when it lands on the right reels. A Wild symbol will take over the entire 5×3 reel and award suitably.

4.    Is High Volatility Good?

The lower is the volatility, the lower is the variance. This means there is a higher probability of higher winning amounts and higher wins during the gameplay.

5. What is the Mustang Gold RTP?

The Mustang Gold RTP has been theoretically estimated at 96.53%. We at Play Real Money Slots advise players to always play online casino slots with an RTP value of higher than 96%

6. What does the Mustang Gold Paytable look like?

There are 8 main symbols in the Mustang Gold Paytable. The White Horse, Black Horse, Cowboy, Cowgirl, A, K, Q & J. Furthermore there are a Wild, Scatter, Money and Collect symbol. The Wild substitutes for all 8 main symbols. Three Scatters are required fo 8 free Spins. All 4 jackpots are based on the players bet amount.

7. Interested in more slot from software provider Pragmatic Play?

Try: Heart of Rio Slot, Book of Vikings Slot, Wild Walker Slot, Pirate Gold Slot, Jungle Gorilla Slot or Lucky Lightning Slot.

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