Bitcoin Forum

One of the most famous rappers posts pictures showing his three bets worth 1.5 million dollars, all of which were correct, and he scored a huge win of 1.3 million dollars.
I think he crashed the gambling site STAKE. If you really had a lot of money, would you risk placing a $500,000 bet?

https://cryptoukraina.com/2022/02/10/drake-bets-over-1-5-million-in-bitcoin-on-super-bowl/
Ij

True or not then this would still be a good exposure or advertisement on Stake considering on how many fans does have Drake has and its popularity.This does shows that Stake could actually pay off those

amounts without any problems or on point and yes this might affect their overall revenue or profits but we know that this business isn't something that could be easily bankrupt.
It is really just normal that you would really get big amounts of profits even on small odds but you are risking big amounts too so its not surprising on an average gamblers
perspective.

after seeing the snapshots of his bets, seems true to me. we don't know if this is somewhat free advertisement for stake also, as the article posted the bets including the stake name. however, it solidifies the status of stake that they can afford to pay big winnings as well as accept high amount of bets. the odds are not that high, so the probability of winning is indeed very possible to happen. i dont think the author will just post fake bets to promote the site. i am not biased here but just being logical.

That was a big win. It's a win that only a few can experience.

For your question, no one can't answer it right because our answer will depend on our financial capability.

We can just answer that question if in the future, we can have a chance to hold that kind of money and no worries if it will lose.

We are talking about Drake, he has the money to place that kind of bets, and a 65BTC win for stake isn't that big at all. We can read on a tweet from today where someone won 377.815BTC

https://twitter.com/Stake/status/1492136348567752707

We can be sure Stake has tons of money, and one of the proof is the UFC octagon:


So, maybe this was just marketing for stake, but for me, this looks legit.

https://www.instagram.com/p/CZ0eY4fOFre/

Why not we are talking about a famous rapper who can make millions on concerts and sales whether his motive is to promote Stake.com or get people to know him as a good sports bettors it's his decision to post and let the world knows, he just did the right thing playing in a reputable casino and it's free publicity also to Stake.com, congratulations I'm sure he'll launch a huge party for this.

Seems legit to me. I don't think stake needs to set this kind of thing up even, they don't need to, they have the money to pay for better advertisement opportunities and honestly, considering the amount he bet, it isn't that odd that he could win that much. High-risk high reward no?

Sure, if I was someone that isn't really active in social media or something. But Drake isn't, he's a really popular dude that could rake in more money than the amount he won right now, why would he be afraid of sharing it? Whether it be intentional or not, he could do it freely simply because his name is well known already, it's like a stamped name of sorts.

Sometimes people really like to do crazy things in gambling such as: actors, businessmen, artists, and so on.

Here I see there is a little irregularity about this news.
1. Drake is from Canada.
2. The news source is published from Ukraine.
3. And the third.
4. This is even worse, suggestions and comments are closed, how can you tell if it's fake or genuine.

1 & 2, the news source should be issued by a canadian website not ukraine, the 3rd one according to my understanding, Although Drake did post three betting pictures on the Stake site, it's still questionable if he actually did.

Sometimes the sensation of someone making a bet in gambling, can make a certain gambling site more positive and vice versa, if the truth is proven.

It depends on what percentage of my net worth that money was. If it was a ridiculous percentage, I could bet those amounts. Some people can bet $0.5M just like I can bet $50 without breaking a sweat.


Just because it is published by a Ukrainian media does not make it any less credible. Moreover, if we google it, we see that numerous media from all over the world echo the bet.

Top news shows lot of credible news platform and notable crypto focused media that it's a legit bet made by Drake and I guess the world is on it by now. Seems not that of a huge deal to Drake betting that kind of amount we know how lucrative his life is.

The question is maybe he's in contact with the Los Angeles Rams or something or he's advertising Stake but in a different way like betting on their platform? We may never know, this is just an speculation of mine. Who knows? The world of advertising is known for alterations and sometimes it's hidden in plain sight.

Drake seems onto Los Angeles Rams and confident they might win or even if it's not he for sure can afford that loss.

The @OP asking about how dare we're to place $500,000 bet if we're have a lot money, but almost users here discussing about how legit or fake the above bets is :D Go check their twitter and high roller bets to see how legit it is.

If I can afford to lose, I would dare to place $500,000 for favor bet even though the odds is small (less than 2.0x) since the return will be big. Placing for underdog with such large amount isn't wise idea and I can't afford to lose.

i don't think he made the stake.com crash.  even though i don't have an account on stake but i'm sure they have a large reserve of funds to pay the players who win big.  despite the rumors that this is just a stake marketing trick, i just think this news is legit.

I doubt you can crash a website like Stake with just 1.3 Mln dollars win.Stake this last Christmas gave away like 900.000 dollars and that just shows of how much capable is a site like Stake.In this site usually play big whales and they reward the whales with their reward systems so they have enough money to pay for this amount and much more if anyone else win again.

This is real I read over several online news about Drake bet in Bitcoin I was so happy to see such a big name betting on a fight in Bitcoin, I did not follow up on the story since then until I saw this thread where you mentioned Drake winning the bet.

This is a big winning but is sure stake.com will either pay his reward in full or pay in percentage but I know stake has the balance to clear up everything. Congratulations to Drake on this big winning.

Drake posted it in his Instagram account with over 848,608 likes already and this is just for one day this is not an April fool's day and the Ukrainian media just pick it up, we should not question Drake's motives he has a reputation to protect and besides Stake.com has proven their capability to pay their winners, they've spent millions on advertising and acquiring ambassadors in MMA and other sports.

If I have a lot of money, I will place a $500,000 bet without thinking much because $500,000 will be a small number for me ;D
But if I do not have that much money, why should I risk placing that amount, especially if I borrow the money from others?
That will be big money that he won from his bet and I am sure he had big luck at that time.
I wonder what he will do with that huge money but if he places some money for other bets, he really needs to know how big his luck is in the next bet.

Sometimes when you heard something from an influencer or famous people in the internet talking about a website, services, product, etc. you will find it obviously as a sponsored content even though they don't announce it.

A $500,000 bet is not risky if this amount is just a spare to you, considering it's drake, although I don't know what kind of risk management he do, but based on his bets seems like it's not his first time he bet such amount.

Everything is confirmed and authenticated.

https://www.rollingstone.com/music/music-news/drake-bitcoin-super-bowl-bet-rams-1298898/

Congratulations on winning and, above all, on courage. However, as has been said, whether this sum is large depends largely on how rich someone is. It may seem huge to us, but to Bezos, Musk, Gates or Zuckerberg it will be ridiculously small amount.

Hmmm. For me this is just a marketing from Stake, Drake is known as a gambler but betting 3 bets with 500K dollars bet as if he is just throwing money is questionable. I don't know what's the maximum Bet on stake but his is almost the limit of most of the crypto sportsbook. But if ever this is true, Stake will not gonna wrecked easily because they have huge bank roll from there investors and Primedice early profit on Bitcoin. They are the most successful crypto casino that start here in forum during early days of Bitcoin.

I thought it was just a coincidence when I've seen news related to Drake and $1.3M in bitcoin since I haven't read the whole details.

Why not? If I am that wealthy and $500k isn't that much to gamble for me since I've got more assets, businesses, investments, and cash on hand. It won't be a problem to bet as much as $500k and even higher than that.

That's a big bet and for sure that's a big win also. If it is true and then for sure it's nice to hear that stake can handle that big amounts.
For me, if I have been given a chance to have that kind of money why not I did not gamble my money cause everything happens for a reason and if my luck comes over me for sure I can win with such big amounts. Taking risk is not just good but if you got it its very good.

Of course he can't, just read the response above by @seoincorporation that there's another whale that win big compare to what Drake could won. Stake is a huge casino and the bet has just been made and Drake hasn't won yet so it's still a 50/50 chance. The OP title was misleading too since there's nothing has been won yet, we have to wait for it until the end of game on Monday.

If he is a known gambler, and by the way he is rich, I guess he had some losses as well! Rich people can afford to place these kinds of bets, as always, some of them win some of them lose, it's gambling! And Stake is a place where some crazy highrollers hang out, so they need a bankroll if they wish to host them!


I agree... how much money they are spending on promotions, sponsorships, etc... $1.3 M doesn't look like it's too much for them to handle!

Anyway, crazy bets... even crazier wins! I bet this guy will continue to bet like this in the future!

Congratulations on that big winning. That winning should make his friends jealous because that is a big winning for him.

If I had a lot of money, I would risk placing a $500,000 bet because the prizes would tempt me to try my luck. Even if I lose, that will not be a big deal since I still have a lot more that I can use to place another bet.

I can recover my losses from my other business easily and it is no problem to spend that amount since I am a rich person ;D

(I am flying higher now ;D)

asking me if i will bet 500k $ each ? of course if i am a multi millionaire then why would not risk that amount when that cannot damage my total wealth?

but now? lol i will never even put 500$ single bet  ;D

but this proves how STAKE site is really legit and can just release that big wins without any issues.

some think this is just a stake marketing trick but some think it's not...

here I am on the neutral side lol. stake is one of the legit sites on this forum, I've played on stake several times and never encountered any problems. drake won then stake took advantage of that moment for promotion, this is the scenario I caught. drake did indeed a very tempting amount, he was lucky.

He is Drake mate! Most of his friends is a celebrity and well known people that earns million of dollars in a single day. They will not gonna get jealous to Drake because that amount is not huge in there own social class. In fact no one cares on it since it came from gambling and most of celebrity don't gamble much. The target of this new are common people like us to make jealous like what you describe and not his colleagues. BTW the marketing is really effective the way you view it right now.  :D

That was a good bet. People like celebrity have a lot of money and placing bet with $500k or $1m doesn't bother them, for us it is a huge money but for celebrities it was just like a coin to them. Going back to OP question if I have a lot of money would I risk $500k? why not? That money was just like a coin to me and probably it won't change anything from me since I have more money.

Each one of us has different characters and preferences this $500k is not a big deal to millionaire celebrities and businessmen, if I have a status like Drake I could bet that huge amount if I see I have a good chance to win, I'm sure what we see on Drake's Instagram are true, why would Stake and Drake trick or deceive us they have a good reputation on the industry where they belong.

I did another search on the web to see if its legit because the first site that you posted looks shady to me but it see it was really legit because the news was also featured in yahoo. There is also one that i found on reddit but it was from January.

We can see that drake really is a regular costumer of stake casino. It was said that he won 7mil dollars before on a live roulette game. It is not his first time to bet this huge so he was not afraid at all even if he lose the game and besides we know how rich this guy is because he was a popular celebrity. He can always gain this money easily.

If you ask us if we would also risk the same? Obviously no. For us regular individuals it can took us years just to earn a decent amount and we surely would not gamble it easily.

Whether the story is true or not, I have seen people betting hugely on bets, and they don't seem to stop. He's not the first person to bet with such an amount and he won't be the last. What's making it a big deal is it because it's a celebrity that took such a risk.
I wouldn't mind betting with such an amount if the situation of sure betting arise.

That's such a big amount of winning and I must say that he's too lucky. If I would have $500,000 I guess I wouldn't risk it in gambling simply because I'm not financially capable of doing that but if I would have funds and assets that's more than that then I would definitely try luck.

However there a lot of famous online Casino out there but why he will choose Stake compared to other old reputable Online Casino there. It's hard to believe that Drake will do a KYC on an online Casino just to bet on sports betting while he can do it without any hassle if he will go to local bookies or let someone KYC and bet for him since he will surely undergo on that process due to the amount he is wagering on each of his bet. Stakes is known for there big marketing movement like there partnership on famous football teams. Using Drake for advertisement is an easy peasy job for them.  

It won’t hurt to doubt something that’s too good to be true in the eyes, especially when it’s for looking out for one’s safety. But, I also see your points, that Drake has nothing to worry about sharing this. It’s just that sometimes even those known personalities who are unthinkable to do something vexatious, we cannot be sure right?

??? Am I missing something here or is everyone who posted before me just oblivious and posts for postings sake?

The superbowl is like 34 hours away, his bets have not won but he has placed them so..? Lol

EDIT; For what it's worth I have read all posts in this thread. If you are in my campaign, any post you made in this thread will not count towards your weekly requirements.

Perhaps as a celebrity he has the public at his call. I think this will get his name in the the media for sometime. This is a hype for him but despite that he made a huge bet really. Of course he has the money and it won't matter to him if the money didn't yield any result. I have watched drake do many give away to his fans a lot of times.

For gamblers, they really forget themselves and get creazy brave if they have to risk any amount of money for a win that can give them several times the money they have in a short time. Believe it or not, it's a fact.
I believe when a professional gambler plays their skill they will bet hundreds to millions of dollars, although some have won and some have lost badly.
After I read the news regarding Drake being lucky to play the Super Bowl, is he lucky or is he a pro?
For me if I have a lot of money, I'll make sure to bet small :)

That's some pretty insane promo for Stake.com if true (a quick glance at the link provided appeared to be true).  I wonder if Stake ponied up a ton of cash for those screenshots to get posted or if this was just some luck that Drake decided to give them a shout out.  Knowing Drake, something tells me that he had to get paid for that.  Pretty crazy if you think that Stake even had the ability to reach out to Drake, let alone get him on board to post those screenshots knowing that other celebrities have had such issues with promoting crypto organizations in the past.  Floyd Mayweather coming to mind as one such celebrity who got more than he bargained for as a result of their promoting crypto organizations. 

Very cool for Stake.  I can imagine there will be plenty of people checking out the service as a result of this.

Hmm, this actually depends on how rich I would be. If we are talking about Jeff Bezos level of richness, then I would not mind betting $500,000 three times in a single night. But, if I were rich but not as rich as Bezos, then I would never risk that much amount of money to begin with. Even if $500,000 does not mean a lot to these people, it says a lot on their expenditures and financial planning.

As someone also who had negative experiences with gambling, I doubt that I would also win if I risk even a small amount of money. I just really think that there are people who are born unlucky- and that is me!

In the world of gamblers there is something called infinite banking and it is real, the reason all casinos, all of them, none of them escape have a limit in which they can allow a maximum bet, (those limits can result in incredible sums of money for some mortals and unthinkable that someone does but they exist) so the casinos don't put those limits by simple grace, they use them because there are guys who have infinite banking and can make that type of bets and I'm not talking about highroller, no! the guys who have infinite bankroll and bet big or sporadically are what a betting shark would call "recreational players" of course wrongly, if you don't know who they are.

Finally OP: It's not about betting large sums of money and strutting around to say I won that much. It's about knowing that you can really do it because your funds comfortably allow it.

We do have lots of things in mind whenever we do mind off on having lots of money some would come practical and some wouldnt really care on how they should spend on.

If they could make out bets something like that then its normal since they are financially capable on doing so and its true that this one hadnt show that it is actually a winning bet

since it do only show betslip on where Drake do make out such selection and it hadnt been known if its a winning bet or not.

^ Just because they had an amount that they can afford to lose, the bigger capital that they allocate the chances of making a huge profit is also was there. So probably this guy is very lucky and the bets on stakes are very big. If I have a huge capital, I will do the same but I don't know if it will end up the same how lucky of this man. We should congratulate him on his winning and not try to gamble if you don't know the mechanics of it. Earning in gambling is very difficult and area and we don't know when to know that your profit will come. So bet it with a huge capital.

Maybe for security purposes that’s why he don’t want to expose more details about his winnings. Well, he made a huge bet and that’s why the return is huge as well. If I have that money and really rich, I will also bet big since for sure $500k is just a small amount of money for me. There’s a lot of many rich gamblers who can afford to place such a big bet, but not all are lucky enough to win big as well.