That is the way to do it, there is no other way that would make sense. If you keep on gambling like it is a big deal to reach VIP then you will lose a lot of money that you shouldn't and that would be a sad thing. But, if you gamble like that is your regular gambling day without any extra, but if you just "happen to hit VIP without realizing" then that's fine and that is great.
That's one of the important experiences for me

and it's normal when bad experiences come at the beginning
Oh by the way anyone noticed the weekly bonus? after the last update I got a higher bonus than usual
usually between $10-12 but now around $25-30 there is an increase of 2x.
That bonus from VIP? At what medal rank? I never really checked this VIP thing until now, as I am just a casual gambler betting at sports events. I am kind of in a pause now because the league is on summer vacation.
But that huge bonus, I think I need to find a new sports hobby to bet for and reach that point.

I am still at 33% progress. I don't know about the calculation but how much do I need to wager to reach 100 percent?