Drake Just Lost $500,000 in Bitcoin Betting on the NBA Finals

Distinguished rapper Drake continuously reveals off his lavish life-style on Instagram, and that features his huge Bitcoin bets on sporting occasions through Stake, his partnered betting platform. However his wager on the result of the NBA Finals simply went bitter—and he may stand to lose simply as a lot on Tuesday, too.

As shared in a screenshot on Instagram on June 6, Drake put $500,000 price of Bitcoin on the Dallas Mavericks, a wager that may have paid out $1.375 million if the Texas workforce had gained out. “Dallas trigger I’m a Texan,” Drake wrote alongside the picture.

As a substitute, the Boston Celtics simply clinched the title with a decisive 106-88 sport 5 win on their house court docket, giving Drake a tough loss on the hoops championship. However tomorrow might be simply as brutal on Drake’s Bitcoin pockets if his NHL wager additionally goes south.

In the identical Instagram put up, Drake shared that he equally put $500,000 on the result of the NHL’s Stanley Cup Finals, placing the identical wager on the Edmonton Oilers to win. If his wager in the end wins out, he’ll obtain $1.025 million—and there’s nonetheless an opportunity. “Oilers are self-explanatory,” the Canadian rapper wrote.

However it’ll be a tricky ask, provided that the Oilers are down 3-1 going into Tuesday’s sport 5 showdown towards the Florida Panthers on their house ice. Each collection began 3-0 towards Drake’s favored groups, and in each instances, the down workforce bounced again to take sport 4.

We’ll see whether or not the Oilers can push it to a sport 6 the place the Mavericks couldn’t.

Drake is among the hottest musicians on the planet, nevertheless, and doesn’t look like brief on funds—plus he’s an official associate of Stake. So he’s most likely effective. However shedding $500,000 price of Bitcoin, or probably $1 million price, can’t really feel nice for anybody.