What I still fail to understand is, how can someone make any kind of profit by creating multiple accounts?
Were they farming referral bonus? But given how there's almost a 10%~15% house edge on sports betting, it's impossible to farm a referral bonus. Maths won't add up.
Different players have different limits on how much they can wager. If they think you've found an edge somewhere, they lower your limits for those types of matches. If they think you're a whale, you get higher limits. One way to get around the lower limits is just make a bunch of new accounts. if you get caught you can always try to gain sympathy by posting on bitcointalk to try and extort Stake while pretending to be a girl from a country that just got invaded by Russia.
Getting your money is called extortion? Can you somehow prove that I am "pretending to be a girl from Ukraine" or should we believe your authoritative words? I can't open my stats because my account is in "Withdrawal Mode". Can you ask your steak girlfriends to open it once you need it?