The range of cards worth 0.02 tix includes commons, uncommons, rares, and mythics, meaning a wide variety of cards is available. Around 10,000 cards are legal in the format. It is a constructed format, with decks of 60 cards with a 15 card sideboard, and a limit of 4 of each individual card (except basic land).
With every new standard legal set release, the format "rotates"; that is, which cards cost 0.02 tix are checked again and the legal card list is updated. Cards from the set that triggered the rotation are checked and made legal three weeks after the initial rotation to allow prices to settle. This creates an interesting dynamic; if decks become popular in Penny Dreadful and their prices rise because people are buying the cards for them, the decks will become illegal when the format rotates. This keeps the format fresh and interesting.
The format is named after a cheap popular serial literature produced during the nineteenth century in the United Kingdom.
There is currently no banlist, and because of three-monthly rotation, Penny Dreadful is a "no bans" format.
- Jennifer Long (October 10, 2016). "Penny Dreadful". StarCityGames.com
- Bakert (March 30, 2020). "Penny Dreadful 2.0 (Upcoming Changes to Rotation Rules)". Reddit.