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.
I think VIP levels are a very smart way to keep players on a short leash because there is always an incentive present. Often enough I see players on reddit asking what's the best way to wager like 20% to the next level, which is such a nonsense question. If you just wager for progress you are guaranteed losses, simple as that. And that's exactly what casinos want, using your own money (and losing) while chasing rewards that are only a fraction of what you put into it. Don't get me wrong, VIP levels are great. What comes with it is also awesome of course since even if you win you can get good bonuses. But many people see this the wrong way and don't see the numbers in front of them. Chasing level ups is the worst idea imaginable. Obviously when the site wants you to chase this means that it benefits them. And what benefits the site of course doesn't benefit the players.