Unless I understand things wrongly, the 1.01 odds or the slow-but-sure-with-minimal-risk bets will need an eternity. The terms disallow the player to bet on casino games. It won't count towards the wagering requirement; so, good bye dices. And that leave the player with... sportsbetting? E-sport if he wanted something that a tad bit faster?
That 1.01 is based on sports betting odds. If OP deposited 10 mbtc and needs to wager 700 mbtc, they’d have to do it 70 times without losing. It’s almost guaranteed since 1.01 is basically a win, unless you’re super unlucky. But even with those odds, bettors usually don’t bother with 1.01 or even 1.05, it's just too risky compared to the reward.