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Mustang Gold — Free Demo & Game Details

Slot game

Slot by Pragmatic Play

#R

96.53%

RTP

Standard setting

#MWM

12000x

Maximum win multiplier

#V

medium

Volatility

Level 3.5 of 5

#BR

0.25–125 operator-dependent units

Bet range

#P

25

Paylines

#GG

5 × 3

Game grid

RTP profiles

Standard setting

Casino setting

Default96.53%

Reduced setting

Casino setting

95.54%

Casinos can run the game at this lower return. The rules screen shows the setting in use.

Low setting

Casino setting

92.09%

Our verdict

0xPlaySlots opinion
6.4/ 10our score for this game

The horseshoe collect is a sound central idea. A jackpot pick that always pays makes every JACKPOT tag worth watching. Everything around it is thin, with flat line pays and free spins that add no multiplier. That is competent rather than memorable, and it earns 6.4.

About Mustang Gold

Line wins on the 25 fixed lines do little of the work. The best line hit is five white horses for 20x total bet. Any three-of-a-kind returns less than half the stake. Each horseshoe on the first four reels is worth 1x to 35x total bet or shows a JACKPOT tag. Nothing is paid unless a sheriff badge lands on the fifth reel in the same spin. One collected 35x horseshoe beats five white horses on a line. A collected JACKPOT tag opens a pick of 12 horseshoes that always ends in a fixed jackpot worth 50x to 1,000x total bet. The 8 free spins switch to reels with more horseshoes and more badges, which makes the round the main engine of the game. No multiplier applies and nothing carries between free spins, so a long round depends on unlimited retriggers of 8 spins each.

Mustang Gold free demo

Launch the provider-hosted demo in a new tab.

Editorial takeaways

  • Horseshoe values pay only when a Collect symbol lands on the fifth reel in the same spin.
  • Every Jackpot Reveal game ends with a fixed jackpot between 50x and 1,000x total bet.
  • Three Scatters on the middle reels award 8 free spins, and each retrigger adds 8 more with no cap.
  • The top line pay is five white horses at 20x total bet.
  • The standard return is 96.53%, and casinos can run a lower 95.54% setting.

Limitations and version notes

  • Line pays are flat, and a three-of-a-kind returns less than half the stake, so base spins between collects wear the balance down.
  • Horseshoes without a badge on the fifth reel pay nothing, so many promising screens end empty.
  • Free spins add no multiplier and keep nothing between spins, so each spin pays only what lands on it.
  • Casinos can run this game below its 96.53% standard return, so the rules screen is worth checking before playing.

Features & Themes

Game features

Money CollectFree SpinsretriggerFixed JackpotsPick BonusStacked Wilds

Themes

Wild Westhorses

Game mechanics

Stacked Wild

Base + bonus#01

The Wild lands on any reel except the first.

It substitutes for every symbol except the Scatter, Money and Collect symbols.

This spin only.

The Wild has no line pay of its own. It can land stacked and cover a whole reel.

  • Reels 2 to 5 only
  • No pay of its own
  • Does not replace Scatter, Money or Collect

Campfire Scatter

Base game#02

Three Scatters land on the three middle reels in the same base-game spin.

The spin pays 1x total bet and starts the Free Spins round.

Only the free spins it starts outlast this spin.

  • Lands on reels 2, 3 and 4 only
  • 3 Scatters pay 1x total bet
  • 3 Scatters award 8 free spins

Horseshoe Money symbol

Base + bonus#03

A horseshoe lands on any of the first four reels.

Each horseshoe shows a cash value in multiples of total bet, or a JACKPOT tag.

This spin only, so a value left uncollected is lost.

A horseshoe pays nothing by itself. Its value is paid only when a Collect symbol lands on the fifth reel in the same spin.

  • Reels 1 to 4 only
  • Cash values 1x, 2x, 3x, 5x, 8x, 10x, 12x, 15x, 18x, 20x, 25x, 30x or 35x total bet
  • A JACKPOT tag leads to the Jackpot Reveal Bonus Game

Sheriff Badge Collect

Base + bonus#04

A Collect symbol lands on the fifth reel while at least one horseshoe is on screen.

The values of all horseshoes on screen are added together and paid.

This spin only.

The Collect symbol appears only on the fifth reel. The feature works in the base game and in free spins.

  • Collect on reel 5 only
  • Top single cash value 35x total bet
  • Active in base game and free spins

JACKPOT horseshoe

Base + bonus#05

A Collect lands on the fifth reel while one or more JACKPOT horseshoes are on screen.

Each collected JACKPOT horseshoe awards one Jackpot Reveal Bonus Game.

The pick games play one after another before the reels resume.

  • One pick game per JACKPOT horseshoe

Jackpot Reveal pick

Bonus#06

A collected JACKPOT horseshoe opens the pick screen.

Horseshoes are picked until three matching jackpot symbols appear, and that jackpot is paid.

Nothing carries over, and the jackpot values stay fixed.

  • 12 hidden horseshoes
  • Match 3 to win
  • Grand 1,000x total bet
  • Major 200x total bet
  • Minor 100x total bet
  • Mini 50x total bet

Free-spins reel set

Bonus#07

The Free Spins round starts.

The reels switch to a set with more Money and Collect symbols.

The whole Free Spins round.

Free spins retrigger

Bonus#08

Three Scatters land on the three middle reels during free spins.

The round gains 8 more free spins.

Added spins join the current round.

  • +8 spins per retrigger
  • No limit on retriggers

Bonus rounds

Free Spins

Free spins
8 spins

Three Scatters land on the three middle reels in the base game.

Three more Scatters on the middle reels add 8 spins each time, with no limit.

The round swaps in reels with more horseshoes and more badges, so collects come more often than in the base game. The Collect feature and the JACKPOT route stay active on every spin. No multiplier applies. Nothing carries from one free spin to the next.

  • Uses Free-spins reel set, Sheriff Badge Collect, JACKPOT horseshoe, Free spins retrigger.

Jackpot Reveal Bonus Game

Pick feature
No retrigger

A Collect lands on the fifth reel while a JACKPOT horseshoe is on screen.

A separate screen hides jackpot symbols under 12 horseshoes. Picks continue until three matching symbols appear, so every game ends with a fixed jackpot of at least 50x total bet. Several JACKPOT horseshoes collected on one spin each play their own game in turn. The game can start from the base game or from free spins.

  • Uses JACKPOT horseshoe, Jackpot Reveal pick.

Jackpots

Grand

Fixed
Value
1000x stake
Trigger
Three Grand symbols matched in the Jackpot Reveal pick.

Major

Fixed
Value
200x stake
Trigger
Three Major symbols matched in the Jackpot Reveal pick.

Minor

Fixed
Value
100x stake
Trigger
Three Minor symbols matched in the Jackpot Reveal pick.

Mini

Fixed
Value
50x stake
Trigger
Three Mini symbols matched in the Jackpot Reveal pick.

Screenshot Gallery

In-game screenshots

Mustang Gold screenshot 1
Mustang Gold screenshot 2
Mustang Gold screenshot 3
Mustang Gold screenshot 4
Mustang Gold screenshot 5

Paytable & Symbol Values

Winning combinations and symbol payouts

Symbol payouts

#PT
Symbol345
Acelow0.2×0.6×4×
Kinglow0.2×0.6×4×
Queenlow0.2×0.6×4×
Jacklow0.2×0.6×4×
White Horsehigh0.4×2×20×
Black Horsehigh0.4×2×12×
Cowboyhigh0.4×1×10×
Cowgirlhigh0.4×1×8×
Scatterspecial1×··

Pays are multiples of total bet for three or more matching symbols on a line, starting from the leftmost reel. Ace, King, Queen and Jack all pay the same.

Special symbols

#SS
Wild
It substitutes for all symbols except the Scatter, Money and Collect symbols. It lands stacked on reels 2 to 5 and has no pay of its own.
Campfire Scatter
It lands on the three middle reels only. Three of them start the Free Spins round, or add 8 spins when the round is already running.
Horseshoe Money symbol
It lands on the first four reels showing a cash value or a JACKPOT tag. Its value pays only when a Collect lands on the fifth reel.
Sheriff Badge Collect
It lands on the fifth reel only. It pays the sum of every horseshoe on screen and opens one Jackpot Reveal game for each JACKPOT tag.

Our Team Reviews

Signed reviews from our team

1 review
FEATURED

Mustang Gold is a fifth-reel collect game inside a thin line slot

AP

Alex Petrov

Bonus Hunter at 0xPlaySlots

September 23, 2026
6.4/10

The fifth reel decides this game

Mustang Gold is a collect game sitting inside a thin line slot, and the arithmetic of it comes down to one reel. A horseshoe on the first four reels is worth nothing until a sheriff badge lands on the fifth in the same spin, and that pairing, with the JACKPOT tags it can open, is where the game's upside lives. The 25 lines cannot pay for the game, the stacked wild works only for the lines, and the free spins change how often a badge meets a horseshoe rather than what the meeting is worth. That is a sound idea in a bare frame, and it is why I rate the game competent rather than memorable.

The parts are familiar. Wolf Gold and Chilli Heat both pair cash-value symbols with fixed jackpots on 25 lines, and Chilli Heat does it on the same 5x3 grid. Big Bass Bonanza pays its cash-value fish only when a fisherman collector lands, which is the rule the horseshoes and the badge follow here. Mustang Gold puts the two together: the collector pays cash values and JACKPOT tags on the same spin. Each of its central pieces turns up in one of those games, so I judge it on how well the pieces fit rather than on novelty.

The line game cannot pay its way

Eight regular symbols share just two three-of-a-kind values, 0.4x total bet for the four high symbols and 0.2x for the card ranks. Ace, King, Queen and Jack pay identical amounts at every length. The four high symbols pay four different amounts only at five of a kind, where the white horse reaches 20x. Below that the table barely distinguishes one symbol from another.

The ceiling is easy to bound. Five white horses on all 25 lines is 25 times 20x, or 500x total bet, and it needs a screen made of white horses and wilds. That is one twenty-fourth of the 12,000x cap, so the lines on their own cannot come within 5% of the maximum win on any screen. Set against the horseshoes, the table looks worse still: the smallest cash value, 1x, pays two and a half times a high three-of-a-kind and five times a card-rank one once a badge collects it.

The stacked wild belongs to this weak half. It lands on reels 2 to 5, has no pay of its own and substitutes for every symbol except the Scatter, the horseshoe and the badge. A reel covered in wilds can lift line wins and does nothing for a collect. The only symbol that substitutes for others is spent on the part of the game that matters least.

A JACKPOT tag outranks any single cash value

Horseshoes land on reels 1 to 4, twelve cells in all, with cash values running from 1x to 35x total bet. Three of the thirteen values, 25x, 30x and 35x, beat five white horses on a line, so a single good horseshoe with a badge beside it outpays the best line hit. Scale it up and the cash route stays modest: twelve 35x horseshoes collected together pay 420x, less than the 500x line ceiling. Adding both ceilings gives 920x, which is still short of one Grand, and no screen can hold both ceilings at once because they compete for the same cells.

The JACKPOT tag is a different kind of symbol. A collected tag opens a pick of twelve hidden horseshoes that runs until three jackpot symbols match, so it always ends in a fixed prize: Mini 50x, Minor 100x, Major 200x or Grand 1,000x total bet. The 50x floor sits above the 35x top cash value, which makes a JACKPOT tag the most valuable thing a horseshoe can show. The ladder doubles, doubles again, then jumps fivefold from Major to Grand, so the Grand is 20 times the Mini and 50 times a line of five white horses.

The cap follows from the same grid. Twelve horseshoe cells, each holding a JACKPOT tag and each tag opening a Grand, comes to 12 times 1,000x, exactly the 12,000x maximum win. Without tags, a screen stays under 1,000x, so no single spin gets within a tenth of the cap by lines and cash alone. A free-spins round adds its screens together, but on any one screen the top of the range runs through the pick.

Free spins buy frequency, not size

In the base game, three Campfire Scatters on reels 2, 3 and 4 pay 1x total bet and start 8 free spins. The round swaps in reels with more horseshoes and more badges, so collects come more often. The cash ladder and the jackpot ladder keep their values, no multiplier applies, and nothing persists from one free spin to the next. No free spin can pay more than the same screen would pay in the base game. The round raises how often the badge meets a horseshoe and leaves the size of each meeting where it was.

Retriggers follow the same logic. Three more Scatters add 8 spins with no limit, and because nothing grows, a retrigger adds length and nothing else. A 16-spin round is two 8-spin rounds laid end to end, not one round that builds. Its worth is the sum of its collects and line wins, spin by spin, with no feature that multiplies either. That is transparent, and it is thin: an 8-spin start with no multiplier gives the round little room to become more than a denser stretch of base game.

Worth it at 96.53%, not at 92.09%

At the standard setting of 96.53%, the house keeps 3.47% of stakes over the long run. Casinos can also run the game at 95.54%, a 4.46% edge, or at 92.09%, a 7.91% edge that is more than twice the standard one. The rules screen shows the setting in use, and at the low setting I would look elsewhere.

At the standard return, the game suits a player who wants medium volatility and a screen that resolves at a glance: horseshoes on reels 1 to 4, a badge on reel 5 or not. The jackpot pick cannot end empty, which gives every collected JACKPOT tag real weight. A player who wants free spins that build toward something, through multipliers or values that stay on the reels, gets none of that here, and the line game is too flat to fall back on.

The collect is a sound central idea, and the pick that always pays makes it better. Everything around it, the flat paytable, a wild that serves only the lines and a free-spins round with no multiplier, is thin. That makes Mustang Gold competent rather than memorable, and the score says exactly that.

Pros

  • One collected 25x, 30x or 35x horseshoe outpays five white horses, the best line hit.
  • Every Jackpot Reveal pick ends in a fixed jackpot, and its 50x floor tops the best cash value.
  • The collect rule reads at a glance: horseshoes on reels 1 to 4, a badge on reel 5, same spin.
  • Free spins switch to reels with more horseshoes and badges, and 8-spin retriggers have no limit.

Cons

  • The line game tops out at 500x on a full screen, a twenty-fourth of the 12,000x cap.
  • Horseshoes pay nothing without a badge on reel 5, and nothing from them is kept.
  • The stacked wild helps line wins only and cannot stand in for a horseshoe or a badge.
  • Free spins add no multiplier and keep nothing, so a retrigger adds length and nothing else.
  • At the 92.09% setting the house edge is more than double the standard 3.47%.

Verdict

The horseshoe collect and a jackpot pick that always pays form a sound core, but flat line pays and free spins with no multiplier leave Mustang Gold competent rather than memorable.

#GP

Game Provider

#GD

Game Details

Information

Pragmatic Play
January 17, 2019
Video Slot
25 paylines