Midas Coins

Midas Coins Slot Review

Slot Provider: Quickspin

RTP: % | Variance: High | Maximum Win: 5,000x

Our Score: 7.4

Play at Casumo Casino
QUICK LINKS: Game Information | Where To Play | Full Review | Testing Notes | Tips For Players | About The Developer

WHY YOU CAN TRUST THIS REVIEW: The information and opinions on this page are the result of an comprehensive process of information gathering and live game testing by the gambling experts who work at allslotsites.com. Find out more here.

About Midas Coins

Reviewed by:

Published Date: 30th March 2021

How We Review Slot Games

We test and rate all slot games across 5 criteria, assigning a score out of 10 for each and an overall score that is an average of the 5. To build an accurate assessment of each game we gather information from the supplier and play in real play or demo mode. Find out more.

Midas Coins is a 5-reel, 25 payline, high variance slot from Quickspin based on the story of Midas from Greek Mythology, who turned everything he touched to gold. It utilises a simple ‘Collect’ mechanic where coins with values of up to 500x are collected when Midas lands on reel 5. The free spins round is progressive where every coin that lands is added to a stack which is cashed in each time Midas lands. The stack doesn’t re-set but keeps growing, giving you a chance to hit a maximum win of 5,000x. Spins start at 25p.

Midas Coins Game Information

  • Release Date: April 2021
  • RTP: 96.01%
  • Variance: High
  • Maximum Win: 5,000x
  • Progressive Jackpot: No
  • Reels: 5
  • Rows: 3
  • Paylines: 25
  • Minimum Stake: £0.25
  • Theme: Mythology
  • Features: Wilds, Coin Collect, Free Spins

Testing Notes: Here’s What Happened When We Played Midas Coins

IMPORTANT: To give you an accurate assessment of the games we review our writers play 200 spins. Whilst this is a useful tool to help us review games and to give an example of what might happen when you play, keep in mind that 200 spins is only a very small sample and cannot be used to accurately predict what might happen over another 200 spins. The outcome of all slots play is always random.

Boom Or Bust? Our Session By The Numbers

I played 200 spins on Midas Coins in demo mode at Casumo Casino to test the game and this is what happened.

  • Stake Size: £1
  • Start balance: £5,000
  • End balance: £5,085.40
  • Biggest Win: 59x
  • Free Spins: 1
  • Session Time: 17 minutes 16 seconds

I clocked a few good wins during this test session, including a 59x from the free spins round which triggered just once. The coin stack grew to 48x by the end of the feature which isn’t bad at all and on the last spin Midas landed again to collect all that cash which was fun. There is some good jeopardy here where your building a stash but you might never unlock it which creates some real tension!

A 59x win from Midas Coins
59x from the free spins round

When the free spins doesn’t happen then the next best thing is Midas landing on reel 5 and a coin collect happening. That feature dropped 5 times in 200 spins, or once in every 40 spins. That meant a lot of time spent with near misses or totally dry spins which can be frustrating. As a result I did find Midas Coins became a little boring quite quickly.

What We Liked

  • Stands out in a crowded slot category
  • 5,000x max win amount
  • A good variety of bonus games
  • Good choice of stakes from 25p

What We Didn't like

  • Could be too risky for casual players

Midas Coins Review Scores

  • Theme and Design 7
  • RTP and Variance 8
  • Maximum Win 7
  • Symbols and Paytable 7
  • Features and Gameplay 7

What Our Reviewer Says ...

"Quickspin have turned the popular myth of Midas into a really simple slot game. It's no thrill ride but it can produce some fun win sequences."

Overall Score: 7.4

Theme & Design

Our Score 7

Slick Quickspin Production Style In This Clean and Simple Slot

The theme of Midas Coins is a good one for slots and cleverly woven into the gameplay – you need Midas to turn the coins that land into gold in your pocket! The game is created with Quickspin’s distinct color palette and design style so it will be immediately recognisable to anyone who has played other games from this studio.

Midas Coins by Quickspin
Midas Coins – classic Quickspin design style

The backdrop looks like an Ancient Greek temple whilst the symbols themselves are carved into stone tablets or illustrated in a clean, sophisticated style. Meanwhile, a cinematic orchestral soundtrack accompanies your spins. Overall, it’s a neat and tidy game, though perhaps not as interesting as some of Quickspin’s other slots.

RTP and Variance

Our Score 8

What is RTP?

RTP (Return to Player) refers to the amount a game will pay out in cash prizes expressed as a percentage of all the money wagered on that game. For example, a 96% RTP means a game will pay out £96 for every £100 wagered. This is an average number and will vary from one session to the next.  Read more here.

What is Variance?

Variance refers to how far a game will deviate from its RTP over time. High variance games deviate a lot and produce uneven win distributions and unexpected windfalls. Low variance games provide a more stable and even distribution of wins. Read more here.

Midas Coins has a fixed RTP of 96.02%. There are no alternative settings so it will be 96.02% wherever you choose to play. That is a decent RTP and about average for an online slot game.

Midas Coins is also a high variance slot, so expect an uneven win distribution. Much of that RTP may well be saved back for the free spins round with its cash collect feature described below. It’s also prone, as I found out in testing, to lots of near misses and dry spins.

Maximum Win

Our Score 7

What Is Maximum Win?

Maximum win refers to the maximum amount a player can win from one spin. It is expressed as a multiple of the stake. For example, where the maximum win is 100,000x, from a £1 stake, the maximum win would be £100,000.  

The top payout in Midas Coins is 5,000x which is a little underwhelming for a modern high variance slot. I have certainly reviewed many from Quickspin with a much bigger potential like Beastwood (29,541x) or Sticky Bandits 3 Most Wanted (22,468x). And if you like chasing down big wins I recommend you read our article on the slots with the highest maximum win.

Symbols and Paytable

Our Score 7

This is a 5-reel game with 3 rows on each reel and 25 fixed paylines where wins are triggered by landing 3 or more identical symbols across a payline from left to right.

Midas Coins Paytable
Paytable with 32x for 5 Necklace symbols

The paytable has good value in it, as high as 32x for 5 top premiums. The low payers are the 4 cards, Jack, Queen, King and Ace. These are valued at from 0.2x for 3 Jacks up to 5x for 5 Kings. There are 4 ‘medium’ valued symbols which are the pendant, ring, bracelet and necklace. These are valued at from 0.8x for 3 pendants up to 32x for 5 necklaces.

Then there are 2 special symbols – a Marigold Wild and a Satyr Scatter.  The Wild pays out 1.6x, 4.7x or 32x for 3, 4 or 5 on a payline, as well as substituting for other pay symbol to complete a payline. The scatter will unlock the free spins as I explain below.

Features and Gameplay

Our Score 7

Midas Coins is a really simple game with a basic coin collection feature that runs in the base game and is enhanced in the bonus round.

Midas Coin Collect – Up To 500x Wins

What you need to look out for at all times is the Midas Coin. This can land on reels 1 through 4 with a prize value attached. A 5x means 5 times your stake.

The coin comes in 5 sizes and has a range of values between 1x and 500x your total bet. But it needs King Midas to land on reel 5 with his touch to make the coins active. This is called the Midas Coin Collect feature. All coin values on the reels are added together and then paid out. 

Midas Coins - Midas Collect Feature
Midas collects coin values when he lands on reel 5

All is Golden Free Spins With Progressive Collect Feature

I love the simplicity of this bonus round where Midas is critical once again.

Before you get there you need to land 3 or more of the Satyr Scatter symbol on reels 1, 3 and 5. As well as unlocking the round with 12 spins this will also deliver 2x your stake.

Midas Coins Free Spins Feature
Free Spins with stack of coins collected to left of reels

The game is simple. There is a stack of coins displayed to the left of the reels, starting with a 3x value. Every time a coin lands on the reels its value is added to the stack. And every time Midas lands on reel 5, the current value of the stack is collected. But the action doesn’t stop because the stack continues throughout the feature.

So, the stack keeps going even after you collect its value. And there is no limit to how many times it can be collected. In addition, if you hit 3 scatter symbols again, you will re-trigger the free spins round to keep things ticking along.

That is a really nice progressive feature and you can easily see its potential.

The Final Verdict

Midas Coins is a very simple game which weaves its theme around a well-worn coin collect feature, and whilst it had its moments, particularly the free spins round itself, for my tastes it quickly became too samey. The excitement in the base game comes when 3 or 4 good value coins land and then it’s all about watching to see if that 5th reel come in for you. And it is fun, but for me, that buzz wore off after a while. What redeemed Midas Coins to some degree was the quality Quickspin production. And if you like their style, the Ancient Greek theme and simple gamplay, then you may enjoy Midas Coins more than I did.

Useful Tips When Playing Midas Coins

Remember, online slots are games of chance, there is NO strategy that can improve your odds of winning. However, reading our review and following these tips will help you get the most out of your time playing this slot game.

1. Watch For Coins Then Wait For Midas To Drop

There is not a huge amount going on in this game. Just keep an eye on the reels for the coins to drop then when they land, all eyes on reel 5 to see if Midas brings his golden touch to the game. That’s it!

2. Choose The Low Stake

If you want to make your budget last and give yourself the best chance of hitting the free spins round then choose the 25p stake that can stretch your balance further. Its essential in highly volatile games.

3. Play With A Good Slots Bonus

Find a good slots bonus on our site that allows you to play your bonus money on Midas Coins. You can use the 100% match up to £300 at Barz Casino to play this game for example.

4. Play Only At Licensed UK Slot Sites

I recommend that you play ONLY at our recommended slot sites that are licensed by the UK Gambling Commission and offer safe, fair and secure slots play. All games at these casinos have been audited by a 3rd party testing house.

Who Made Midas Coins?

  • Name: Quickspin
  • Established: 2011
  • UK License: 38516 (under Playtech)
  • Total Games: 100 +
  • Known For: Great artwork, fairytale slots, slots with wilds and sticky wilds, high variance
  • Popular Slots: Sticky Bandits Wild Return, Big Bad Wolf, Golden Glyph 2, Wild Luchador
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