Yes it's not like that who all own NFT that are eligible for this collateral loan will ask for the loan from the Rollbit team and only those who needs funds in emergency will use this option and this is how it is intended to work at primary level.But suppose you are not in need of funds and take this opportunity and then if you are unable to pay it in time you just lost your NFT which is worse case.So use it wisely.

Yes you are right on the point that only 7 days period is allotted to payback the loan so we can say that it's short term loan given to the NFT holders(check that are eligible for this) and after that you don't have any right to that NFT and it's already in the Rollbit custody but the point is they become owner of it afterwards.

Most probably this is good thing but funding your gambling budget through this feature could be risky one like what if you lost your wagering amount and are unable to repay it? So this is not at all good but taking some emergency funds through this loan is good move but we all are wise enough to make a choice.

Oh, if it is only 7 day period then it makes no sense at all. Loans are not suppose to be just 7 days, I mean what can you earn with a loan given to you in 7 days? There are literally no ways of making a lot of money in 7 days, only if you are like super super lucky and bull run happens right as soon as you get the money and keeps going up until the very last second. This we all know would be like a miracle and that is not the way to make money at all. Loans should be at the bare minimum be 6 months at top, sure if you want 1 day loan then you can get it, but at the max level it should be minimum of 6 months, probably 1 to 2 years as well.

The amount of 20-25 year loans for mortgages are through the roof (pun intended lol) and people are building wealth with it, don't tell me that you can't just make some money with that type of loan when banks have been giving them out left and right.

People should be thinking that Rollbit is running a business on here and its just normal that they would really be having that kind of act and perks which they do know that they could
benefit into and of course it would be mixed up with some sort of usage or benefits into those people who do get involved or able to acquire.
They are the first who do apply NFT into gambling business and its surprisingly been effective.

We never know what their reason to do that is but maybe they want to expand their business and use NFT to get more members as they are aware that the trend now is NFT. We have many possibilities or speculations, but it is still an option for gamblers so they do not have to use or follow the offers if they feel that is not right for them. They can just stick to using their usual way without using the offers. I am sure their main strategy is still how to get many more members using many strategies.

That's what makes them cool since they always do proper things just to gain success and actually by joining the NFT scene make them smart knowing how big the market of this industry and they can accumulate bigger audience for their participation on that scene and not surprising to see how successful they are right now knowing that they have great marketing stuffs made.

The NFT trend was at peak when they take advantage of this and launched their own NFT's in the market and grabbed the audience to their platform.The next big thing came when they started new addition with the NFT and see how much the hype is now for them.There are lot of extra benefits they are giving away with these to the holders which then become utility for them.We will see they introducing some big plans with them and next updates.

I.1M million is a huge amount for the gamblers. It is for a single players or for multiple players? I think As the amount is big it is divided into multiple players. Do you know if it is for multiple players then what is the first prize, 2nd prize and third prize.

You could read up all about the lottery on this link.
https://blog.rollbit.com/introducing-the-provably-fair-rlb-lottery/

Snipping out the information you've been seeking off.

On December 29th, some changes were introduced to the lottery jackpot. The hit rate was increased to 10% in each round, so that the jackpot will be won more frequently. Secondly, the prize is now fractionalised, meaning a random amount between 2% to 100% of the jackpot is paid out to the winner. For example, if the jackpot is $1 million, then if there's a winner they'd win anywhere between $20,000 and $1 million.

Once the jackpot has been rolled, a new round then automatically begins. You'll receive the tokens you staked (minus the staking fee) and you can stake RLB again to enter the next round. Entries will be valid up until the Bitcoin block where the winners are announced. You can also unstake at any time up until then, providing no multipliers are used.

Source: Link given above.

More frequent wins are a lot more important part here. I know that small amount could be earned if it happens to be just 2% and I am sure that some people will get that eventually but the reality is that so far it has been saved up too long and that is not good at all, we should be able to do this like no problem and then end up with more wins instead of that much money saved constantly.

If we could get like 1 winner per week then it is fine, if we have a lot more frequent then it is even better. Imagine having 1 winner each day, that would give you hope right? Like you could actually have a chance to win that if you keep gambling every single day? Or at least it would feel that way.