These days, casinos don’t need brick and mortar stores to conduct their business. The internet takes care of that. But with such a large demographic to market their services to, the number of online casinos has increased exponentially over the past couple of years. So to stand out from the pack and attract and retain customers to their brands, BetGold and tons of other online casinos have started offering attractive bonuses and deals.
Studies show most new players pay more attention to the bonuses offered before the games. Having good deals on offer that can help maximize their winnings is a great way to attract them onto the fold. And for players who have already signed up, it’s a great way to keep them happy and loyal to the brand.
But did you know that very, very few players ever read the terms and conditions of these bonuses before signing up? In fact, reading the terms and conditions of a contract has been named as one of the ten things people are least bothered to do. Clicking the ‘I’ve read the terms and conditions’ without actually reading them has become second nature to most of us.
What are Terms and Conditions?
Simply put, this is an agreement between two parties, setting in place each party’s responsibilities during their interaction. So when an online website offers a bonus, the terms and conditions will outline the provisions, requirements, rules, and specifications of that bonus.
Why Should You Read the Terms and Conditions?
There are many reasons why you should read the Terms and Conditions of a bonus offer. For starters,
- To avoid extra charges or fees. A bonus designed to help maximize your winnings will undoubtedly have a clause detailing how the payments will be made, including payment and withdrawal fees. If you don’t read the terms, you might end up paying more in fees or charges than you anticipated, and this will reduce your winnings.
- To get relevant information. The bonus might be hinged on fulfilling a certain condition, or you might be required to fulfill a condition to use the bonus to its fullest extent. If you don’t read the terms and conditions and fail to fulfill these conditions, you might miss out on any benefits the bonus may have brought.
- So you can avoid bonus abuse. The terms and conditions basically lay out the rules you’ll have to follow if you want to use the bonus to maximize your winnings. Known as playthroughs or wagering requirements, casinos use them to ensure they aren’t giving away money. If the online casino states that the bonus can only be used on a certain game, or limits the amount of the bonus that can be used on individual games and you don’t follow the guidelines, you could end up losing your bonus and any possible winnings.
- To maximize your winnings. These bonus offers are geared at attracting and retaining customers, and they do that by giving you the opportunity to win even more money. So if you read the fine print before signing up, you’ll know which games you can play, the kinds of bets you can make, and when your payouts will be made.