That could be possibly true as it seemed he’s not completely interested to claim his referral bonuses knowing it could give him more advantage to try his luck and win significant amount. However, that’s a good thing also as relying entirely from commissions will only end up in disappointments, most especially if those gamblers suddenly stop from betting because they don’t like the casino services.

Referral bonus tasks are not for everyone, most of these bonuses are calculated based on how much those you referred have deposited on the online casino or how many times they have played some games on the casino, gone are the days where all you have to do is refer people and as they sign up on the platform your referral bonus will be credited to you, for someone who has fewer friends that are into online gambling this is a waste of time like OP said, you are better off with other dividend opportunities available on online casinos.  

Only people familiar with the referral link can get new people to join under it. They know how to find these new people and where to spread the referral link. But for people who want to learn how to spread referral links, you can also try it so they can find out that spreading referral links is not easy. And if they feel that it is difficult, they don't need to try it and it's better to play gambling as usual.

Also, it is very important to note that referral bonus has requirements that must be fulfilled in other to benefit the reward, most gamblers don't take time to read and understand the conditions attached before applying, it actually involves doing a particular task that involves referring others, there's also a percentage cut on every member referred, many don't know that they have a system that controls all the monitoring to referrals, many makes more money through this because they finds it easy to do while some sees it as a difficult task.

and for this reason I said before that the way in which the advertising campaign should be carried out to obtain referrals has changed a lot, at least for people who have been doing this for 8 years, they will already understand what I am talking about, for example if someone takes the referral link from your casino and pay for advertising on some site, the chances of that person getting a referral are very few, this is because old casinos already have many customers, it is difficult to get referrals for old casinos, second point is that even if you get some referrals nothing guarantees that they will be very active and that they will bet a lot of money, third point is that when paying for advertising on other sites the person is spending money, imagine that that person spends 100$ on advertising and in the end he only manages to get 5 referrals that will earn him 10$ of referrals commission, that person will be with 90$ of losses

to get around all this the best solution is to create your own website in which you have added many new and old casinos, so when you spend 100$ paying for advertising on your website you will be getting traffic to your website and many referrals to various casinos that are added to your website, so even if 100 people create an account in 100 casinos that are on your website and these 100 people give you 2$ in commission in each casino you will have 200$ and it will be very difficult for people to stop playing, soon you make a profit and you will get more referrals constantly thanks to the search engines in which you will place your website, of course you will have to put a lot of effort into the seo and many other things

It is very difficult to find people who want to play in a casino and then make deposits, rather what is concise are people to play in casinos and who give them free money to play and see if they win, that is what I mostly it is achieved, so a person who is looking for it has to be already Familiar with the world of casinos so that they Understand what they must do to be able to win and so the person who is taking it under their reference wins, and that is difficult to find, I I would like to have friends who like the casino and games,but I don't have one.

If all this is difficult, couldn't you say which is better? if staying still with a referral program where it is very difficult to find people Who want to help, I say help because I Really see it that way, people who want to have at least one referral on their own who really plays And wants to play is very tedious to find them, sometimes unless they are casino players who don't know online casinos well, those players are reliable, they are loyal to the reference, otherwise it Is very difficult, because currently people do not like to risk their money, because when they are told the casino word is synonymous for some to lose money.

You'll need to have hundreds of referrals to make it worthwhile. I have more than a hundred refs on my freebitco.in account and only 1 of them is still active but I am lucky because he is constantly making bets, selling FUN tokens etc and generating me some nice sats every week. I agree with you in general though. Somehow I manage to collect these refs in the past but I probably wouldn't do it today because it is not worth my effort. Making money this way is not very time efficient.