Basically, when the butterfly valve in your throttle body closes, pressure is built up because the turbo is still spinning. This pressure is released via the blow off valve.
...if the valve takes to long to open (due to a number of different reasons, like spring adjustment), that pressure has nowhere to go except to "surge" back into the turbo and can cause the impellers in the turbo to spin backwards...
...which is bad.
I've never worked on any pro class cars, but I would assume that you hear it because they have the tendency to rebuild their motors every few passes and aren't really concerned about it.