Looks like NJ online casinos are taking advantage of the Big Dance by rolling out a host of March Madness themed promotions this week.
Here’s one I hadn’t seen until today that looks interesting:
From now until March 16, Tropicana is hosting three daily happy hours.
Players can earn a 20% playback bonus up to $10 from 3 – 4 pm, 15% playback up to $10 from 4 – 5 pm, and 10% playback (also up to $10) from 5 – 6 pm. Playback is another way of saying cashback on net losses, so in order to earn bonuses, players will have to take a hit at the slots and/or tables.
There doesn’t appear to be any game restrictions associated with this offer, so value hunters are free to play high return games such as blackjack and NSUD Deuces Wild (found on the multi-line Game King machines).
Admittedly, no one likes to lose, but playback is a solid means by which to balance wins and losses. We just wish Tropicana’s bonuses were redeemable for cash — currently only winnings secured off bonuses can be withdrawn. But at least the wagering requirement is really low (1x on all games).
I can’t say I’m excited about this promotion. The maximum bonus you can get from any one playing session is $10, and depending on when you play, you would have to lose a minimum of either $50, $66.67, or $100. Sure you can get $120 back in bonuses if you play and lose in every covered session during the four day promotional period. But I did the math and you would have to post 12 straight losing sessions for a total loss of at least $867! That’s quite a losing streak!
I can’t speak for other gamblers, but if it were me, I would get the message long before my 12th straight losing session that it’s time to take a break. However, the bonus is a playback bonus, so it’s going to be very hard to fight the temptation to keep playing. If you lose the tiny bonus, too, tough luck, but even if you win with it, you only get to keep your winnings, not the bonus!
If you are going to play at all during this promotion, limit your play to the 3-4 p.m. period, so if you lose, you can at least get the same $10 bonus on a $50 loss. A 20% playback bonus isn’t great, but it sure beats a 10% playback bonus!