Groundhog Day Borgata Bonus Back Offer
Today, February 2, is Groundhog Day. Based on the record cold sweeping New Jersey this week, you would never guess it, but Punxsutawney Phil did not see his shadow today. So according to at least one prognosticator, we can look forward to an early spring.
Whether or not he’s right, time will tell, but surely you can find much better things to wager on during Super Bowl weekend. However, the Big Game isn’t until tomorrow so today looks like a good time to play your favorite NJ online casino games, especially at Borgata Online Casino.
Lady Luck has a way of being as unpredictable and unsettling sometimes as the weather. But just in case today is one of those less than lucky days, BorgataCasino.com has you covered.
In celebration of Groundhog Day, this casino is offering a 20% Bonus Back up to $100 if today’s play shows a net loss.
How to Participate in the Groundhog Day Bonus Back Promotion at Borgata Online Casino
If you’re a registered Borgata Online Casino player and it’s convenient for you to play today, by all means opt into this offer. Hopefully, you’ll win and won’t need it. But just in case, it’s nice to know that the casino has your back.
Here are the simple steps you need to follow to get started:
- Log into your BorgataCasino.com account on Saturday, February 2.
- Go to My Promotions and opt into the Groundhog Day Bonus Back offer.
- Make a single deposit of $100 or more.
- Start playing!
This offer is for today, February 2 only, and all games count.
If your total play for the day shows a net loss, on the following day, February 3, you will receive 20% of that amount up to $100 in the form of a bonus credited back to your account.
In other words, in order to receive the maximum bonus back of $100, you would need to show a total net loss of $500 or more. If your net loss is for a smaller amount, your bonus will be prorated accordingly. For example, if you lose $100, your bonus back will be $20. If you break even or win, you won’t get a bonus. However, in this case, no bonus is precisely the outcome you want!
Wagering Requirements for the Bonus
BorgataCasino.com is giving you one day only to claim your Groundhog Day bonus. Then you only have until 11:59 p.m. the day after that to meet this casino’s usual 15x bonus wagering requirements.
The good news is that all games count 100% towards clearing the bonus. So feel free to play any game you wish. While making these wagers, you will also continue to earn loyalty points as usual. This applies to wagers you make with the bonus money as well as with your own money.
The not so good news is that even though taking a break after a losing day is generally wise, you don’t have that option—at least if you want to get the bonus and use it as a chance to try to recoup. Before you will be allowed to withdraw either the bonus itself or any winnings from wagering it, you must complete the 15x bonus wagering requirement and do so within the very short time frame the casino is giving you. Opting out, attempting to withdraw still unavailable funds, or failure to clear the bonus on time will result in forfeiture of both the bonus and any resulting winnings.
Is the Groundhog Day Bonus Back Offer worth your time?
The term “bonus back” may sound more inviting than the more frequently used term “playback bonus,” but it’s the same thing. In order to qualify for for the bonus at all, first you have to lose your own money.
The problem with Bonus Back offers
I am not a fan of this kind of bonus for several reasons. For starters, it tends to set you up for a self-fulfilling prophecy by inducing the mindset even before you start playing that you are going to lose.. Then it reinforces a losing outcome by giving you a bonus.
In addition, during the whole time you’re playing, two desires, which otherwise should not be opposing–the desire to win and the desire for a bonus–are in conflict. Only one of these outcomes is possible.
I strongly feel that non-randomly awarded bonuses should be based solely on amount of play regardless of whether it results in a win or a loss.
Lastly, chasing losses is not consistent with smart money management.
At least 20% back is better than the norm
On the other hand, the 20% bonus back which Borgata Online Casino is offering in this promotion is a better percentage than most playback bonus offers. However, it is still only a small fraction of the total net loss, so it would take a considerable turnaround of luck wagering it to wipe out the loss completely. But at least it’s a start.
The Bottom Line
In summary, you should not make the Groundhog Day 20% Bonus Back offer a prime reason for playing. However, if you plan to play on BorgataCasino.com anyway today, opting into this offer makes sense. As with any other insurance you sign up for, hopefully, you won’t need to make use of it. But in the event you can, you’ll appreciate it being there for you and being able to collect.