I don't think it is worth pursuing a vip level as you will most probably loose more than you gain when reaching the vip level. The vip level is something that should come with the wagering that you already had in mind or if you only need 3-4%, than you can keep on going to achieve it.
Exactly, most of the VIP rewards is just a rakeback from our wager including the ”level up” bonus which casino gives aside from the regular rakeback from daily, weekly and monthly.
VIP level is simply just way of the casino to give back something from your wager amount since they guaranteed a profit whenever you bet more due to the house. Imagine getting 15% to 20% max rakeback while you lose most of the time your bankroll.
It’s sucks since rakeback is just a percentage on the house edge which is too small.