Borgata Cash Back Wednesday is Back Again!
Many NJ online casinos award bonuses if you lose during certain designated time periods they call “Happy Hours.” Although there is nothing “happy” about losing, at least getting a bonus as a consolation prize is better than not getting one. I already told you about two offers this week for a Playback Bonus, one at TropicanaCasino.com and another at VirginCasino.com. Both offers are good through Thursday, March 14. Now I have a third bonus if you lose offer to tell you about from Borgata Online Casino. It’s better than a non-redeemable playback bonus because it’s a cash back bonus.
In addition to being only a few days into Daylight Savings Time, today is the 13th of the month. So if you’re not having the best of luck playing your favorite Borgata Online Casino games today, you can take your pick of two things to blame it on. But don’t worry because the Borgata Cash Back Bonus has you covered.
How Borgata Cash Back Wednesday Works
BorgataCasino.com offered the same promotion last Wednesday. But it’s being repeated every Wednesday in March, including today. Here’s what you need to do today or any other Wednesday you wish to participate:
- Log into your BorgataCasino.com account.
- Go to My Promotions and opt into the Cash Back Wednesday offer.
- Make a single deposit of $100 or more.
- Start playing. You can play any game you wish.
On Thursday the casino will review all of your online play from Wednesday after your deposit to see if you show a net loss. If you do, you will receive a 20% cash back bonus on your total net loss up to $100.
Unfortunately, in order to get the maximum possible cash back of $100, you first have to lose $500 of your own money. However, on smaller net losses your bonus will be prorated accordingly. For example, if you lose $100, your Borgata cash back bonus will be $20. Even if you lose only a very small amount, like $10 or $20, you will still get 20% back as a token bonus.
All cash back bonuses will be credited to players’ accounts the next day.
Difference Between a Cash Back Bonus and a Playback Bonus
A cash back bonus is exactly what it sounds like. It doesn’t negate a loss completely, but it reduces the sting of losing and also reduces the amount by giving you a small percentage of it back in the form of a withdrawable bonus.
In addition, unlike a playback bonus, it doesn’t come with any additional wagering requirements. Of course, you are still free to bet the bonus as soon as you get it in the hope you can turn your luck around and recoup more of your loss. But if you prefer to simply withdraw the money and take a breather, that is also your option.
Borgata Cash Back Bonus Pros and Cons
In some respects, however, a cash back bonus is no better than a playback bonus. The best case scenario by far would be to win and still get a bonus. But the very nature of either a playback bonus or a cashback bonus makes that result impossible. Even before you start playing, the offer induces the mindset that you are probably going to lose so you might as well at least get a bonus for your efforts. Later on you may be okay with playing longer than you should and losing more than you intended because the more you lose (to a point), the bigger your bonus. These bonuses are a clever ploy by the casino to make you believe they are doing you a favor when they are really benefiting themselves.
That said, having a cash back bonus that you can keep and use for additional wagers when you decide you are ready and ideally win with and continue winning with multiple times could work out in your favor after all. You have a much better chance to recoup all or at least a good chunk of your loss than when you can only bet the bonus once and then not even keep it.
The Borgata cash back bonus is for 20% of your net loss, which isn’t great, but it is better than most playback and cash back offers. Assuming you opt in, it is still a bonus you would rather not qualify for, but at the same time it’s good backup insurance to have just in case you don’t win.