$1500 prize is an enormous amount to reward the users periodically.
Certainly there will always be a lot of competition for a share of that prize. It also shows how profitable this casino is!
Most of the user that participating in the tournament do a calculated gambling therefore they weigh in already the potential profit and loss if they compete on this kind of tournament that push user to wager huge volume to win that prize.
I'm still wondering what makes a user to wager about $60,000 volume for a $600 prize, is that user really doing his thing while the prize comes thereafter or the user deposit for chasing the prize?
I'm getting to understand that you'll win if actually a player is doing his thing, not minding the prize, than a player that deposit chasing the prize.
it all comes down to whether chasing the prize is gonna be +EV or not for you.
if you are going to lose more wagering than you will win from the leaderboard prize + the VIP rewards you will get, then it's not worth chasing the prize.
but if you are gambling anyway, it's a good way to lower your losses and rank up your account for "cheap" for better VIP rewards.
i don't know the exact % you would get back in rewards from yeet VIP program, but i would say once you need to wager more than $90k, it becomes -EV.