meaning you get $0, I wont spend my time or effort catching $1 codes and wager $10k for it
Logically, no user would want to take such a risk just for $1, $2 or $5 obviously it can't cover the losses, I'm sure they just consider it a side bonus
Unless they are chasing a new VIP level with low budget then it makes more sense at least to collect free wager. I have practiced this method and work for low VIP levels Bronze - Gold.
The bonus code drop is indeed small, and it's unlikely that any customer would intentionally chase the code to collect a large bonus. However, given the limit, the code was successfully claimed in a short time. This also shows that many customers are attracted to the bonus drop, even with a relatively high minimum wager.
I'm sure Stake customers don't increase their bets just to chase a small bonus drop. The bonus is just for fun.