You are right. The purpose of the BOV (or BPV) is to provide a path for the presurized column of air to go when you close the throttle (turbo is spinning when there is little or no vacuum so it is creating pressure before the throttle body). When you lift your foot off the gas, the throttle body closes but the turbo is still pushing air at it. The BOV allows this pressurized air to be re-routed back into the intake of the turbo (or upstream of the turbo anyway) and allows the turbine to spin down at a reasonable rate (instead of slamming to a stop).