I agree it is pointless to chase VIP bonuses since the reward doesn't even cover the 5% of the possible loss during wagering. Better to keep building it slowly and steady rather than going to Plat4 from bronze in a week. Btw, I have seen such insane rank up from bronze to the diamond in a day and Steve was VIP manager of that account

VIP is not something created so that people who barely have enough money to gamble in a place work hard and spend all their money to make it into VIP zone, that wasn't the case and it really upsets me to see that people end up in high VIP levels with zero money left.
The idea was that there are rich people, and I mean like tens of millions of dollars just on gambling type of rich people, who gamble a lot in the crypto community and those people do pick a casino and this VIP thing was a way for stake to tell those whales to come and play here because they offer something, every other casino offer something for whales as well, and whales end up choosing one based on whatever casinos offer. Those whales would gamble anyway, they do have the money, for them getting VIP is childs' play, but others saw this and tried to take advantage of it and lose their money trying to do that.