Your story is full of holes all over the place. VIP accounts at various casinos, supposedly you don't lose money and you only move it between sites and the amounts you move are low. It doesn't add up.
Agreed. He is making it seem like this is some sort of amazing strategy when it isn't actually since it's literally the same as wagering the entire amount in one site itself which is far more convenient in comparison.
What's even more silly here is the fact that several high ranking members are agreeing with whatever he stated making themselves look dumb in the process.