Thursday Cashback at BorgataCasino.com
Playback or Cashback? Do you know the difference? Which is better and what different characteristics can help you identify a good offer of either type vs. a mediocre one? This post will answer all of those questions and also tell you about an excellent new Thursday Cashback offer from BorgataCasino.com.
When it comes to Cashback and Playback offers, don’t assume what you don’t know for sure. Reading the fine print and understanding all of the terms and conditions is essential.
About the New Thursday Cashback Offer at BorgataCasino.com
This month a new special promotion comes to BorgataCasino.com.
Starting today and, again, every Thursday during the month of September if your play in the casino between 12 p.m. and 6:59 p.m. that day results in a net loss, the casino will return 30% of your net losses in cash!
You can play any games you wish. The maximum cashback is $50 per day.
Only play between 12 p.m. and 6:59 p.m. counts. For that reason, but also because the casino assumes that anyone who loses will be delighted to get some of that money back again, the promotion is called “Happy Hour Cash Back.” As far as I am concerned, “losing” and “happy” don’t belong in the same sentence. But I will concede that losing and then being pleasantly surprised by getting a nice chunk of that money back almost immediately will make me a lot happier than if the money is gone for good!
How to Participate in the “Happy Hour” Thursday Cashback Promotion at BorgataCasino.com
If any of the seven hours between 12p.m. and 6:59 p.m. on Thursdays in September are convenient for you to be playing, mark this time on your calendar and set it aside so you won’t forget. While, obviously, you’re hoping to win, just in case you don’t, your loss will be significantly less than it would be without this generous cashback offer. When you are ready to start, here are the steps you need to follow.
- Log into your BorgataCasino.com account.
- Go to the Promotions tab and opt into the “Happy Hour Cash Back” promotion.
- Play your favorite games.
When You Will Receive Your 30% “Happy Hour Cash Back”
Before the end of the day, BorgataCasino.com will determine how much, if any, cashback you are eligible for and credit the funds to your account. Then, what you choose to do with the extra money is entirely up to you. You can wager it, hoping to turn your loss into a win, keep it in your account to wager another day, or withdraw it. In other words, no further wagering is required. On the other hand, if you do wager the money and win with it, you get to keep both the bonus and winnings!
Note that the amount of cashback for any one Thursday is capped at $50. In other words, in order to receive the maximum rebate of $50, you first have to lose $167 or more. If you lose more than $167, your cashback remains $50 and the percentage of your loss being returned to you is no longer 30%.
Actually, the cap of $50 on the cashback reward is a very good thing for smaller players. It can help keep a player from excessive single day losses. Sometimes it is just not your day and stopping play with a small loss and returning another day is a player’s best option. It is very feasible for a small player to recoup a $167 loss, but considerably less so for a small player to recoup a $1,000 loss.
Difference Between a Cashback and Playback Bonus
TropicanaCasino.com and VirginCasino.com frequently offer a promotion called a Playback Bonus. Whoever creates the copy for these promotions does a great job of making them sound absolutely fantastic. But the truth is these deals are only great for the casino and not for the player. I highlight them occasionally on this website because they are basically free insurance for anyone who plays at these casinos, which seems to be many of this site’s readers. But your chances of actually turning a profit from these offers are very slim.
A Playback Bonus, like a Cashback Bonus, is only given out when the player registers a net loss. However, instead of being immediately available as cash, additional play is required.
Furthermore, the percentage of the loss being offered as a bonus is usually a lot less than 30%, typically only 10% or 15%, or occasionally, 20%. In other words, much more often than not (unless the player is a big loser), the bonus is quite small.
At TropicanaCasino.com and VirginCasino.com, the wagering requirement is only 1x the bonus, so this additional betting costs the player nothing. This good feature is what keeps the promotion from being a complete waste of time. However, the second the 1x bonus wager is completed, the bonus disappears from the player’s account.
Therefore, unless you win with the bonus–most likely a small win because the bonus is small–you’re right back where you started from–not any worse off before you got the bonus, but not any better off either!
Lastly, the statement that you’re no worse off after the bonus only applies if as soon as you bet the bonus, you stop playing. The natural tendency is to keep playing, especially if the bonus is lost, too. It takes a lot of willpower to quit a loser for the day with available money still in the account. Playback bonuses encourage players to chase their losses.
Why the BorgataCasino.com Thursday Cashback Bonus is Better
The Thursday Cashback offer at BorgataCasino.com is much better for all of the following reasons:
- The rebate is a generous 30%.
- No additional play is required.
- The player can keep the bonus and use it any way desired.
- The $50 cap on the cashback helps curb losses and encourages responsible gambling.
Borgata Online Casino is to be commended for coming up with this excellent promotion.