Mustang Gold
Mustang Gold

For players seeking an online slot that integrates classic gameplay with modern bonus features, here’s a sneak peek into the popular slot, Mustang Gold by Pragmatic Play. The horse-themed title corresponds to the galloping win opportunities, with free spins, a money collect feature, and a jackpot prize of up to 1,000x your bet.
Characterised by medium-high volatility, Mustang Gold offers a maximum win of up to 12,000x your bet and an RTP of 96.53%, striking a balanced experience for players seeking regular wins alongside the possibility of bigger prizes.
Mustang Gold allows players to start their stakes with as low as £0.25 per spin.
If you’re wondering what makes this slot a popular choice, well, it's the built-in special features. For instance, every time a Collect symbol lands on reel 5, you can collect Horseshoe Money symbols with cash values, thanks to the Money Collect feature.
For jackpot aspirants, the horseshoe symbols can potentially trigger the Jackpot Reveal Bonus Game with four jackpots: Mini, Minor, Major, and Grand. You can trigger winning opportunities with the Free Spins feature that gives cash rewards and “Collect” symbols, with special reels increasing their appearance during the bonus round.
In this Mustang Gold slot review, TheOnlineCasino provides a comprehensive overview of the game’s betting options, symbols, payout table, RTP, jackpots, and bonus features so that players can make an informed choice.
Mustang Gold combines relatively straightforward gameplay with several bonus mechanics. The medium-high volatility model means wins can come less often, so the risk is higher than on a low-volatility slot. Contrastingly, the nifty game features such as the Money Collect feature, additional spins, and jackpots add thrilling winning moments to the experience.
With its low-to-high betting range of £0.25 to £5 per spin, the slot attracts players with varying experience levels.
Theme, Setting and Gameplay
Mustang Gold takes players into a riding setting where majestic mustangs and horse riders steal the limelight. This horse-themed game's symbols include different horses and equestrian characters, alongside traditional playing card symbols.
Standard symbols that pay high include:
- White Horse
- Black Horse
- Cowboy
- Cowgirl
Symbols paying relatively less include:
- Ace
- King
- Queen
- Jack
While the regular-paying symbols may offer satisfactory rewards, the special symbols activate the bonus mechanics, including Mustang Gold Wild, Fire Scatter, Horseshoe Money symbol, and Collect symbol.
Standard wins and special features give the game a competitive edge in variety over other traditional animal-themed slots. While matching standard symbols pay out on paylines, the special symbols offer many features such as cash prizes, free spins, or access to special jackpot features.
What are the Betting Options on Mustang Gold?
Mustang Gold offers a flexible betting system.
You can stake 1 to 10 coins per line to suit your bankroll. The coin value can be adjusted anywhere between £0.01 and £1.
You can start betting from a minimum bet of £0.25.The game accepts a maximum bet of £5.
The adjustable coin-setting mechanism is a player favourite feature that makes your preferred betting-level modifications fairly simple.
Mustang Gold RTP and Game Volatility
Mustang Gold has a theoretical Return to Player (RTP) of 96.53%.
The game’s medium-high volatilitymeans payouts can be less frequent than on lower-volatility slots, but they can be bigger when they land.
The slot’s larger prizes are attached to the game’s special features and jackpots.
So, if you are comfortable with some swings between wins, this medium-high volatility game can be a befitting choice.
Mustang Gold Payout Table
Mustang Gold's paytable features both intriguing horse-themed symbols and traditional card ranks. Here’s how they appear.
White Horse
The White Horse is one of the highest-paying regular symbols.
- 3 symbols can get you 0.40x your bet
- 4 symbols pay 2x your bet
- 5 symbols pay 20x your bet
Landing 5 of those symbols provides up to 20x your total bet.
Black Horse
The Black Horse is another high-paying symbol.
- 3 symbols: 0.40x your bet
- 4 symbols: 2x your bet
- 5 symbols: 12x your bet
Land 5 Black Horse symbols to collect 12x your total bet.
Cowboy
The Cowboy is another premium symbol in the game.
- 3 symbols pay 0.40x your bet
- 4 symbols give 1x your bet
- 5 symbols offer 10x your bet
Landing 5 Cowboy symbols awards 10x your total bet.
Cowgirl
The Cowgirl symbol also offers higher-value payouts.
- 3 symbols: 0.40x your bet
- 4 symbols: 1x your bet
- 5 symbols: 8x your bet
5 Cowgirl symbols can give 8x your total bet.
Playing Card Symbols
The playing cards featuring ranks Ace, King, Queen, and Jack are the lower-paying standard symbols.
- 3 symbols: 0.20x your bet
- 4 symbols: 0.60x your bet
- 5 symbols: 4x your bet
Payouts from the above symbols are usually smaller but more frequent during base gameplay.
Mustang Gold Wild Symbol
The Mustang Gold text symbol acts as the Wild.
The Wild symbol helps complete winning combinations by substituting for other symbols, but it cannot replace the special symbols such as the Money symbol, Collect symbol, and Scatter symbol to offer winning combinations.
The Wild in this game can appear on reels 2 to 5, fostering winning combinations across a wide section of the game board.
Every time a Wild symbol replaces a standard one, it can complete a winning combination.
Scatter Symbol and Free Spins
The slot ignites the gameplay with scatter symbols like the Fire symbol.
When you land three Fire Scatter symbols, the game's Free Spins feature gets activated, kicking off the bonus round. These are top-up opportunities to spin the game for free rounds without placing a new bet for each bonus spin.
Money Collect Feature
Money Symbol
The Money Collect feature is a special appearance in Mustang Gold.
The Horseshoe acts as the game's Money symbol and can appear on reels 1, 2, 3, and 4.
Each Horseshoe can land a random cash prize through which you can win up to 35x your total bet.
So, if a Horseshoe lands with a 12x value, you can win and collect an equivalent amount up to 12 times your total stake.
Collect Symbol
The Collect symbol appears as “Collect” inscribed on a golden star, and it only appears on Reel 5.
Every time Horseshoe Money symbols feature on the reels, and a Collect symbol simultaneously lands on Reel 5, the values of all Horseshoe Money symbols appearing on the screen are then summed and paid out.
For instance, if Horseshoe symbols land with values of 2x, 5x and 10x your total bet and, correspondingly, the Collect symbol lands on Reel 5 during the same spin, all three values are added, offering a payout of 17x your total bet.
Moreover, you get to play a Jackpot Reveal Bonus Game if one of those Horseshoes carries a Jackpot value. This feature makes the slot an exhilarating experience, especially in the base game because multiple Horseshoe values can possibly be collected in just one spin.
Mustang Gold Jackpot Reveal Bonus Game

Other than offering its standard cash values, Horseshoe symbols can give away a Jackpot prize.
Here’s how it works. Say you land one or more Horseshoe symbols with a Jackpot and a Collect symbol also appears on reel 5; it offers you a Jackpot Reveal Bonus Game for every qualifying Jackpot Horseshoe.
For more than one qualifying Jackpot Horseshoe, the Jackpot Reveal Bonus Games are played in sequence.
The Horseshoe icon reveals Jackpot symbols during the bonus game and the jackpot hits upon matching three identical Jackpot symbols.
You can win one of four fixed jackpot prizes:
| Jackpot | Prize |
|---|---|
| Grand | 1,000x total bet |
| Major | 200x total bet |
| Minor | 100x total bet |
| Mini | 50x total bet |
Free Spins Feature: Mustang Gold
Every time you match three Fire Scatter symbols on reels 2, 3, and 4, you get to trigger the Free Spins feature.
Once activated, you will receive 8 Free Spins along with 1x your total bet. Even better, the Money Collect feature remains active throughout the free spins rounds, enabling players to optimise their wins by collecting Horseshoe values.
Appearance of Special Reels During Free Spins
The Free Spins round in Mustang Gold triggers on special reels that experience a higher presence of the game's key feature symbols, including the Horseshoe Money symbols and the Collect symbols.
This feature increases the likelihood of triggering the Money Collect feature during the bonus round, making Free Spins a key feature for players seeking to win multiple cash rewards.
Infinite Free Spins Retriggers
Free Spins retrigger feature is a sweet surprise in the game.
You can make the most of this by matching three Fire Scatter symbols on reels 2, 3, and 4 again during the Free Spins round. Watch 8 more free spins activate!
The Free Spins feature can be retriggered several times, as there is no limit to how many times it can be triggered.
With the re-triggerable Free Spins and the Money Collect feature, players can spin some of the game's most rewarding bonuses.
What Is the Highest Possible Win in Mustang Gold?
Mustang Gold offers a high win potential of up to 12,000x your bet.
The maximum prize is higher than the payouts that the standard symbol combinations can fetch alone. For players looking for bigger winning opportunities on Mustang Gold, don’t miss the special features like the Money Collect feature, Jackpot Reveal Bonus Game, Free Spins, and other winning feature combinations.
What is the Slot Volatility Level of Mustang Gold?
This slot has medium-high volatility. Unlike low-volatility games, this title can go longer between wins, but the wins can be bigger. If you enjoy regular bonuses, cash rewards, balanced gameplay, and bigger prizes, the medium-high volatility can offer a win-win.
And don’t forget that Mustang Gold offers a high winning potential.
How to Start Playing the Slot at TheOnlineCasino?
To start playing, you just register a new account or login to your existing account, navigate to the slot lobby, find Mustang Gold and place your bet. Here is a step by step guide:
- Register to TheOnlineCasino.
- Find Mustang Gold in the slots section.
- Deposit money in your account
- Set the coins per line and coin value to set your bet.
- Press the ‘Spin’ Button.
We also offer bonuses to our players to bet more than the actual money you spend. Don’t forget to use them to get some extra rounds in this game.
Concluding Thoughts: Mustang Gold Slot
Mustang Gold is laden with horse-paced features. Most players find the medium-high volatility gameplay well balanced, while the 12,000x win potential is a rewarding experience.
With a 96.53% Return to Player and a flexible betting range, this game appeals to a larger player base with different levels of bankrolls.
Just as the Money Collect feature is unmissable, the Horseshoe symbols are rewarding with values ranging from 1x to 35x your cumulative bet. The Collect symbol accumulates to pay values of every qualifying Horseshoe symbol on the screen.
Jackpot Horseshoes can also trigger the Jackpot Reveal Bonus Game. From winning 50x your total bet as a mini jackpot to securing up to 100x, 200x and 1000x with a minor, major and grand jackpot, respectively, you won’t miss golden winning opportunities. The max possible win with a £5 bet can get you up to £60,000 max win.
The Free Spins and their re-triggerable potential are another reason to try this game out. Overall, Mustang Gold is a good option for players who enjoy medium-high volatility slots and don’t want to skip the bigger feature-based prize.
Whether you're spinning at the minimum £0.25 bet or playing at higher stakes, Mustang Gold can satiate your craving to spin a feature-loaded slot that also pays well.
Frequently Asked Questions
The minimum bet in the Mustang Gold slot is £0.25.
You can win up to 12,000x your bet in the Mustang Gold slot game.
Black Horse, White Horse, Cowboy and Cowgirl are high-paying symbols in this game.
Yes, the free spins can be retriggered infinitely as long as you get matching fire scatter symbols.
The slot provider is Pragmatic Play, which is a well-known name in the iGaming industry.
The slot game offers a medium-high volatility potential, which means you can expect less frequent but bigger wins.
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