Bitcoin Forum

It's been a big trend on social media since the Canadian shared his bet slips containing how much he staked on the super bowl in bitcoin. And how much he will receive in bitcoin if the Rams defeat the Cincinnati Bengals in Los Angeles, which is about $2.29 million in bitcoin. The betting industry has a great acceptance of bitcoin. He made other stakes using bitcoin as well. But, what matters is how more celebrities with big fan Bases promote bitcoin. It's such a better way of increasing the usage of bitcoin in Betting Firms.

https://nypost.com/wp-content/uploads/sites/2/2022/02/champagnepapi_273595249_463067008703178_234445674500058103_n.jpg?quality=90&strip=all

Source:
https://nypost.com/2022/02/11/drake-lays-down-1-3-million-bitcoin-bet-on-rams/

This is a good strategy to push crypto gambling to mainstream channels. Thanks to a famous celebrity betting with bitcoin publicly, many popular sites had to promote crypto gambling and Stake even if indirectly.

I don't know where the original idea of Drake sharing his bet on social media came from, but it must be said it was a smart one and the results are evident for anyone who check it on google.

Yup, a win win for us, we all know how famous Drake his, he has a lot of followers and if they see this for sure there could be some curious cat.

Drake is known to be a avid sports fans so no surprises that he will bet on this one. Good marketing for the gambling platform as well as it will have a foothold on how they could be trusted by others. So it is also a win for their reputation.

You might check other gambling platform as well as there are contest regarding superbowl: (https://bitcointalk.org/index.php?board=71.0), including Duelbits.

And I thought Drake already won that one we have one thread about Drake putting a bet on Stake.com this one is better it's coming from a very popular media NYPOST I'm not a big fan of the superbowl but it's worth watching if Drake is going to win and I hope to win so he can invite people to bet using Cryptocurrency, there's really big buzz whenever celebrities are making a move in Cryptocurrency, it's good news for Stake.com this is free marketing for them.

If I'm not mistaken, the game between Cincinnati Bengals and Los Angeles Rams is yet to be played. It is scheduled for tomorrow.

We will see whether Drake's million will give him another million or will vanish into thin air. Either way, he is indeed making Bitcoin a little more popular with this bet. Somebody who is not yet into Bitcoin who is an avid fan of Drake and who has heard of this will probably do some searching about this controversial currency.

New York Post writing about it is even publicity for Bitcoin.

I would like him to win not only he will win millions but he will be headlined positively and this will encourage celebrity and high society people to try their luck on Stake and of course Bitcoin, it's a win-win for Drake, Stake, and the whole Cryptocurrency because they are on headlines the world have read so many things about Bitcoin and Cryptocurrency but seldom they read about Crytpocasino and celebrities betting on them.

From the betting slip that you included in your OP, it was $500 thousand that is there, but it is true because I read it too that Drake staked that amount of money. I hope the amount is not too much though, as a celebrity and the wealth he has, the amount can be the little for him but so big for me, the last bet I played was with $20 and I can not go further than that. I too will wish Drake to win the game, but this should not be frequent because gambling is risky, but I like the news because people will use it to know much more about gambling with crypto gambling site organizations.

This is not the first time Drake is betting a huge amount of money in fact he losses a lot in the past, he looks like he is a compulsive gambler and doesn't mind the amount of money he is betting because he can easily earn that amount, but he does have a risky behavior when it comes to money.
With him betting via Bitcoin there's a possibility that he is also investing in Cryptocurrency.


Drake loses $200K while gambling in Atlantic City (https://www.euroweeklynews.com/2020/06/25/drake-loses-200k-while-gambling-in-atlantic-city/)

Gambling! What else to say about it! We all have good and bad days in gambling and Drake is no exception! He gambles with a huge bankroll, so it's pretty normal that his wins are insanely big, but we all know that in gambling that goes both ways, his losses are also insanely big!
On the other topic, I said he will continue to gamble, and that happened, luckily this time his loss is lower than his previous wins!

I am not sure that this wagering deserves another thread! Rapper wins 1,3M$ - https://bitcointalk.org/index.php?topic=5385432.0 (https://bitcointalk.org/index.php?topic=5385432.0) is locked, probably we can't add more to this highroller gambling session, but we can try to bet what will happen with his next bets, will he be lucky again or he will lose everything he won!?

Definitely Drake is a Bitcoin holdler, using Bitcoin for gambling significantly indicated this, only bitcoin users can do that and most bitcoin users are hodling Bitcoin. I would have wished to know when he possibly started to know about Bitcoin, your news link was mid 2020, which means he even take part in the bull run.

I have not known about this before, this is the first time, though I read about this second one, I hope he wins, but how about if he lose the money, it is not going to be happy about it even if he sees the money easily, losing $200000 is not easy. I know this will help in making crypto gambling industrues to be known more to the public but the amount is too high for me.

That's what gambling is, this guy know that stakes, and he has a money to but so better gamble it and make more money.


Right, mainstream media likes this kind of news, regardless of what the subject is. And since this is for bitcoin then this is a big publicity to all of us. And we need this kind of publicity, not those negative news or write up that doesn't have any source.

This strikes me as one of those cases where it is essentially undisclosed advertising. I'm not sure whether Drake has any sort of declared relationship with Stake.com or explicitly tags his posts as adverts, but I am assuming not. However it strikes me as, even with all his existing wealth, possible that he may have an undeclared agreement to do this sort of advertising - especially with just how prominent Stake is on that little snippet (regardless of whether that is a standard betting slip layout, it is perfectly engineered to display their site dead center). He could have just come out and said "I've placed this bet" and his fans would believe it, to go the extra mile and post the betslip from a specific site is really sneaky and some people are maybe not too responsible with how they release information to fans.

I come across a several thread yesterday about this wagering but It did not mentioned the name and now it is clear that this is a famous artist Drake.

Well We knew drake is a crypto supporter for years now and also involved in gambling activities.

So I'm sure this is just a peanut betting that amount either to win or lose , because million is just a small fraction of His total wealth .

Wow, great strategy by stake, I'm sure there's a little promotion happening here, if I'm mistaken, then I should say that stake is just a good sportsbook that a celebrity was able to trust them with his million-dollar bet. More crypto gambling sites having this kind of promotion would be better, bettors all over the world would understand how easy it is to gamble using bitcoin.

It is hard if we want to bet what will happen with his next bet because everything can be possible. Maybe he will lose this time, but there is no guarantee he will lose the next bet. If the amount is not too big, I think people want to bet on him but let's see it later.

Drake has a lot of money to bet using any money he has. I wonder if he regrets placing such big money and will not place another bet. But I guess he will not stop because he will want to recover from his loss. It is normal if he thinks like that.

Well We knew how Superbowl is the most celebrated event in Sports nowadays (At least in USA of course ) so betting that amount from a Super Celebrity like drake is expected.
and besides this is just a small amount for Him( not from us because 1.3 million is our whole living to the next generation lol) I am also a American Football fan and if given a chance to have this amount for Betting? surely i will gladly do the same.

Drake Supports Stake.com than Sportsbet  ;D

But of course i love this game, I am a RAMs fan all these year and will be glad if finally they will gain Superbowl again from 2000 superbowl wins.

Goodluck to DRAKE for this Big wager and hope he'll get that 2.29 million wins if the RAM beats the Bengals, a team that super eager to have their chance in winning superbowl.

He has a history of placing bets and losing a lot, whether he wins or not he will still bet and will continue to bet as long as he can afford to bet and lose, Drake is still popular and can still rake millions but he'll regret this for the rest of his life, I think he's now a compulsive gambler based on the articles I've read about him on gambling, this is one personality who doesn't care about money.

holy crap Stake managed to get Drake for a Super Bowl ad, that must've been an expensive deal  :o  when was the last time that a mega high profile celebrity (unrelated to sports) promoted a crypto sportsbook on his personal ig a day before one of the most watched sporting events in the world? mental... and he posted several pics too, repetition is key in marketing. As for the bets, i'm also on the Rams bandwagon (:

apart from bitcoin getting more recognition it looks like this is great publicity for stake.com. win or lose stake would still get something out of it. I mean, I am pretty sure this news about drake betting on sports on stake.com would attract gamblers(especially his fans that is also a gambler) to try the website out since a highly influential person is using it.

Imagine, these celebrities have the power to bet such amounts of money as if they were buying candy from a store.

Anyway, this is definitely a good exposure for cryptocurrencies as a whole. Since celebrities are sometimes viewed as 'idols' by some, this creates positive feedback from the public if they see their respective idols utilizing cryptocurrencies in different platforms (e.g. gambling, investing, etc.). I just really hope that other celebrities would also push this kind of initiative by using cryptocurrencies in their transactions (though this may be ironic).

Definitely a win win for bitcoin.  Helps push bitcoin sportsbooks as well as provides easy marketing.  Especially from someone like drake.  Dude has a ton of people who follow everything he does.  Crazy how far we've come in the last even 3 years.

This does not mean anything, both gambling sites have campaign on this forum and both are reputable, he can choose anyone he likes, even he can decide to choose other gambling sites that have campaign on this forum, that is what I will be most happy about, but not 1xbit which is a scam gambling site.

Yes the world know about Bitcoin now, but do you know some some people can fall in love with Bitcoin if they heard Drake used it for betting. Why are big companies using celebrities for advertising, Bitcoin does not needs that but using it and going viral can help in Bitcoin adoption.

Now this is what you called gambling. I always overwhelmed whenever I see someone bet a really huge amount and I sometimes wonder how can these guys have such gut and why I cannot have the same gut as they have?

Maybe because I am poor and I also cant afford to loose big because I am afraid that it will push me into a more poorer state of living and I would be in a huge debt, ah whatever but I still thank the guy for using bitcoin as a medium because he have a good base of follower and it was like a free promotion for bitcoin and also to the stake casino or we can say to the whole crypto gambling community. Crypto adoption is really taking place right now.

You would really expect that they would really be doing something like this  even if it has to be on repetitive kind of act but of course it would really be that costly but for a business then you would really be needing this.

If you wouldnt really make up that strategy or step then you wouldnt really be able to retain on what you had building for years when it comes to reputation on which
it is understandable that if its needed to step up on this kind of marketing then they would surely do it.Hooking celebrities would be somewhat effective.

it is quite a fantastic amount and a very brave act by risking with such nominal.
But indeed this is quite a good thing to do and indeed Selberiti is free to do whatever because maybe this is a very small amount for her to even make with just a few appearances ;D

But if I'm not mistaken, he's already had and even quite often made big bets like this. I think he already knows the consequences and risks so he's quite relaxed about doing this many times

Some people like to spend their money by gambling, I do not see a problem with that if they are rich enough. This dude probably earned hundreds of millions of dollars all his life, spending just 1% of that is not really that weird if you ask me. Plus, he probably gets some sponsorship from the places he gambles as well, so even if he doesn't get monetary help, he probably gets some bigger cash back and all for sharing it, so if he loses, he will probably get like 10%+ of it back.

I would guess that picking crypto was a bit more tax related reasons as well, if he earns that back, he would have to cash that out to pay taxes, so he could just keep that in and keep on gambling.

It's a win-win for Bitcoin as the best example of positive News despite of FUD almost everywhere. Stake.com, Drake, and Bitcoin is getting a lot of recognition on this so, thanks to Drake for showing this and promoting Bitcoin by using it in gambling. I think more people would like to try and test how Drake manage to make some profit or even how he used Bitcoin in betting instead of fiat.

Now, the question is what if he loses? Is he gonna cry about it or regret for betting too much? It seems that he's too confident who's going to win or is it just he loves to gamble for his favorite team?

Gamblers are not scared to lose. That's why they took the risk. Drake thinks of how much he'll win if they win the game, and he also staked some funds on his friend that will play the game. So, it's also a big win for his friend, for getting signed to the club. I think every gambler has two plans why they stake on a bet. Drake cannot lose on both ways.

I’m also amaze that Stake is doing their great job that’s why many big people trust their site, I’m sure many gamblers will come into this site because of this good exposure. Many celebrities  are into Bitcoin now, they see big potential here and they know they can easily make money because of being famous and having such huge capital can make a big difference.

 The amount of money a gambler makes out of staking on games determines how much they'll keep betting. It's a game, and we all understand how it works. For Drake, to drop half a million dollars on a game means he has made more than millions of dollars while betting. To support their expensive lifestyles I think betting on cryptocurrency is the fastest means of making money from the ecosystem. Musicians cannot trade because of the thin time they have for themselves.

Without a doubt the gambling industry that deals exclusively with cryptocurrencies is gaining more and more attention, and something like this is going to bring even more attention to it, and while in this case a specific casino will get the bulk of the attention in general this benefits every single casino as this will bring more clients as they will be interested in gambling without having to go through all of those useless identity checks they have to go through with fiat casinos.

They can afford it that’s why he is placing such a huge bet and most importantly, he’s in the good site which can protect the account of every gamblers since they have the best platform for that huge bet. If Drake win, for sure he will bet more next time, this is gambling and many celebrities are really a gambling addict.

it seems that this isn't the first time he has gambled and lost money. besides, even he cried about it there is no one to blame but himself.


yeah, it could be that he just loves to bet for his favorite team. but seeing how high rollers gamble on gambling sites, I don't think him betting that much money equals being "too confident on who is going to win", for all we know that is how he normally bet on sports betting.

It is true, more celebrities are involved into gambling. I'm surprised to see such a big bet and the same is being revealed to the outer world. This truly promotes the platform, and Drake being the person makes it even special. The amount he have placed on a single bet is something very big and how strong is this people, because even on spending $5 our heart pounds like anything.

We know that theres always an inequality when it comes to financial aspect or situation of each individual but in most case on which gamblers would really be just standard ones who could make out bets

which is really that minimal or not really a big amount but we know that there would be always those people who could make out single bet with those insane amounts that we didn't even imagine that

there are people who could actually do it.This is indeed a good marketing for Stake which there are celebs who do really make out some betting on their platform and this do talks about
very huge bets.

Yup, it's not just all about the win that he had shared and as well as the exposure for bitcoin betting but it's the actual exposure for the cryptocurrencies, for bitcoin mainly. If these celebrities would always share something related to cryptocurrencies and most likely about bitcoin. More people are going to encourage and believe that there's nothing with bitcoin and it's just the same with fiat that we've been using in our day to day living which is a positive occurrence.

Drake has a history of betting huge amounts of money and he is also losing a lot of bets in the past, it's pretty normal for him, we all know that excessive gambling can become a downfall of these celebrities who are very much into gambling, the income can stop but their addiction to betting will not, he can still sustain it because he can still make a lot of money but if he is not a celebrity crowd drawer no more he'll regret all the money he loses from gambling.

The bet slip shows that he placed a bet in CAD and not with any cryptocurrencies, you can do that with stake where you are able to deposit with CAD or BRL using your bank account and it is going to be a huge advertisement for stake and not for Bitcoin as a whole. The entire cryptocurrency related sites will get a boosted advertisement as more people will jump in if they see that you can wage without much limit.

I think it wasn't his first time and I really don't know if Stake had an influence on the post (I wouldn't be surprised if they do though). Drake also posted about winning $300k from Roulette about 3 weeks ago, If I'm not mistaken it was on stake as well.

I also believe that he may have won that amount, but of course, he will not post his losses.
I don't think stake has something to do with his post, if he is a regular player on the site, sometimes it is just normal for them to post something like that.
But if stake knows about Drake being their regular patron, they may reach him for potential collaboration. Who knows?
Other celebrities who are into gambling may follow where he is betting, as they are now confident that stake can handle such amount.

Well it is certainly a way to increase popularity among the wider audience, it could also be a big contra when it comes to regulators. Not that I am saying it would make sense if the regulators used it as a reason against cryptocurrencies in general, but we all know how they are going to argue against crypto. And gambling might be one reason they are going to lead into the field against cryptocurrencies or at least for harsh regulation. Whatever though, I guess wagering $1.3 million doesn't even mean that much for Drake. ;)

This doesnt only talks about Sportsbetting on Stake but also on Roulletes too which do end up on having that cap of $20k..
He do made out bets like $200k for a single bet.
https://www.gamblingnews.com/news/new-viral-video-confirms-drake-enjoys-playing-online-roulette/

So he's already known as a heavy gambler even on past gambling activities he's already fond of doing that.

Just like that, Drake made a millions as he bet on Rams. I wonder if he only bet on Stake and not with the other site. Also, congrats to those who place their bet, I was able place mine and now I’m happy with the result. Looking forward for the next Million bet of Drake, maybe in NBA next.

I'm looking at the bet slip and it show that his bet is on Beckham to run he'd run 62.5 receiving yards.

Did Beckham got 62.5 receiving yards?

But yeah if he bet straight up with the Rams, he won his bet.

And then Beckham scoring a touchdown as well. So it's a big win for Drake, but need someone to confirm his bet on the receiving yards for Odell.

Yet it is still important as it shows Celebrities Using stake in open than Sportsbet , but of course I don't compare them both as they are truly trustworthy and well known for their attitude towards players from this forum and out.

And thanks for mentioning the last gambling site in which really not worth a trust and will only take that big amount if being wagered  in their site .

He has placed three bets. One is on the winning. He won the bet as Rams won the match. The next one is the Odell Beckham Jr over 62.5 receiving yards, and this is a lost bet. The last one is the Odell Beckham anytime touch down, which is a win for him.

https://i.imgur.com/8MlA9Vg.jpeg

Bitcoin and cryptocurrencies in general are truly a blessing to the entire world of finance which include the gambling sector, bitcoin has made a lot of things which include moving money around more easier than it used to be, and to make it even more exciting, it's comes with good anonymity.
So when I see celebrities promoting bitcoin, I am not entirely surprised, bitcoin has brought alot of freedom to the entertainment world, now celebrities can join or participate in stuffs which ordinary people do and no one will know its them, except they choose to show it like as it is now in the case of Drake.
Thumbs up to him though, did anyone know if he won the bet or not?

This is great for publicity for cryptocurrencies and since he has lost of money in the past I hope he wins this big bet he has made.When a public figure,a celebrity talks about Bitcoin in any way surely that is something to at least spark some interests from the people who follow him.The more of such persons the better for Bitcoin even though they are making publicity to Bitcoin in gambling which is not seen with a good eye from many people for me as long as it is talked about Bitcoin is a victory for Bitcoin no matter what circumnstances.

Since he was a richer person now, it can be possible that he would bet on other gambling sites to see a chance to win again. Or as a host at Stake, he still uses Stake as a medium for betting and does not move to other sites.

So you're also placing a bet with him? If so, I congratulate you on winning and hope that you can enjoy your winnings.

Maybe I'll take a gamble with Drake too and who knows, I'll also be one of the lucky ones to get a win.

Is this is paid publicity? I'm just curious, but regardless, I still like the fact that a celebrity is not afraid of risking huge money using a crypto sportsbook. Stake is already popular in the crypto space, but with this publicity, for sure they will be more popular, and it will not end there as the whole crypto gambling world will benefit from this kind of publicity.

Well, it did paid off and Drake made a fortune betting on Rams with that much money. This will definitely be a big advertisement for crypto use but the thing that I fear the most is the mainstream media blotting this news out because they don't like crypto in it or maybe they might spin it around and make people think that crypto is a bad influence as it's used for gambling.

Could be half. There's no possibility they will leak how much Stake offered Drake so that he won't be spending that much. Maybe half will be shouldered by Stake if it loses and the other will be Drake's risk which is okay because he is a fan. That may have included the payment for hyping it up.  ;D
If he wins, he takes it all. That's just a little money for a big advertisement and a long term business pump on the upcoming sports events. Stake.com did well on this one and I am sure it will be fruitful long term.

Yeah, things were well executed. But I don't know why they choose such a tactical betting options. Choosing the odds on match winning is quite Ok. Further he had made bets on Odell Beckham Jr touch down anytime and the next one receiving 62.5 yards. However they managed to give a win, but it indirectly means the payment for Stake's promotion.

We don't know this is something planned and executed one or happened without any plans, but I find Drake to be so courageous in spending. Also I'm not cent percent sure that it is planned, because he have already spend big on sports betting.

Fiat is use for gambling too as well as purchasing illegal items and widely use for bribes of politician because of its value. I don't why
Cryptocurrency used in gambling will gonna give negative impact on crypto image in general while fiat widely used same like this. If there's a demand for using it then it will be good promotion in general. There will be some minor negative effect since we have different perspectives but the good thing showing in news was you can use and trust crypto even in huge amount gambling.

I am also interested in this and especially wonder how much such PR costs. But most likely the details (if this is PR and not a regular bet) we will not know soon. I think that like all major bookmakers, Stake has a VIP program to attract celebrities and there are many different bonuses for such actions as "show your bet on social networks". Therefore, most likely this is a real bet, but he received some bonuses for his activity.

We don't know what's the agreement if there is, but the fact that a celebrity use stake.com, that simply tells they are a legit sportsbook and they can accommodate huge bet, with that said, I'm sure it will help bettors to gain confidence in using the site, it's a win-win situation for the site and Drake if he receives a bonus with this promotion.

Media will always have something bad to say, they wont stop from doing this what good here is that, many celebrities are into Bitcoin now, and Drake just made a good return and increase his Bitcoin holdings. I’ve watched the game and that was a great one, many celebrities goes to the stadium to watch, I’m sure many of them placed their own bet as well. Gambling maybe bad in the eye of the others, but that’s alright they can’t hurt Bitcoin by that since fiat money are also being used for gambling.

Yeah, I doubt Stake didn't pay for this promo since he clearly shared the bets on his social media accounts.
BTW, before sharing his bet slip he posted live roulette 200k win on Instagram story.
He made more than 2 bets over $500k CAD on his Super Bowl predictions according to the tweet by Stake marketing team:
https://twitter.com/Stake/status/1492045742894104579?s=20&t=QU9pgIo_yXgpS5najtx0Mw

I believed it's not the first time that the famous Drake involved in crypto-betting. It's just that, it was highlighted recently because he stakes an amount that is something out of ordinary. That was really an insane amount that even a gambling whale won't risk.

I don't see it as a way of advertising crypto since it's just a normal thing now that someone popular is using bitcoin to place a bet on a big event like Super Bowl.


That doesn't matter but as far as my own observation is concerned, it's a legit bet, and no such thing as paid publicity or partnership to promote the Stake platform. The Stake platform is now being more popular.

I think there isn't anything bad the media can say about bitcoin or gambling due to the bet made by Drake. As you said, fiat is also used for gambling, so it's not an exclusivity of crypto universe, what means people will gamble anyway even if bitcoin didn't exist. And since big sums of money can't be moved anonymously through bitcoin on most gambling platforms, the media can't say it's money laundering too, because it's possible to easily investigate in case of suspicion.

You are right, but things are all too often not about the truth, but about establishing/established narratives. If the governments want to achieve a certain goal, there are always media that will accommodate politicians' goals and ideas. That's essentially the case in almost any country in the world. Someone I know said: governments and central banks are talking about banning Bitcoin because it is sooooo dangerous, but they allow young grown ups and almost kids to get wasted, go into a casino and literally lose everything they have. They could even gamble with stolen money from their parents, nobody would ask. Before they ban Bitcoin (which is soooo dangerous and speculative), why not ban gambling, especially when alcohol is involved?

I think the guy has a serious point here. Really, I can buy a digital coin that I researched well and that they want to forbid, but they do allow me to get wasted, go into a casino and place 10,000 USD on a color in a roulette game... lol... Another argument they bring up is that people borrow money to invest into crypto. Well, they have a point there, that is dangerous. But I can do a thousand things with the money I borrowed that are worse than investing into crypto.

Things aren't supposed to make sense, they are supposed to serve the strongest lobbies' interests within our society. I am glad Bitcoin by now has a lobby that is able to compete.

^
If they want to make that narrative they can. Governments switch stances as they go. One day they like and support a country, the other they're against it. They support a law, they vote to remove it. In history you had a lot of these cases. Weed was legal, then illegal, now partially legal in some states. Distilling alcohol was legal, then completely illegal, now it depends on the state.
Gambling is legal, when they are making money on it. They would make crypto illegal if so many politicians and their friends weren't making money manipulating the market.

I'm seeing this as a way to advertise the Stake platform itself and not the crypto in general. It's not new that Bitcoin or any other cryptos are now being used on gambling events such as this big Super Bowl event.

And looks like Drake even started this bitcoin betting even before but not just disclosing it in public like when the Toronto Raptors won an NBA Championship last 2019. The Raptors' odds to win on that series is worth to bet and I even won decently during that time.

Particularly on Drake betting on Bitcoin, I don't see media will go through far by saying bad things about it. There's no sense in doing that since it's not harmful after all. Not even a big threat to whatever media likes to point out.

Stake is also a popular crypto-betting company that is running for years. The reputation is solid and the media won't be bothered to take a scoop out of that.

Drake just contributes more to the awareness of using Bitcoin and to the popularity of Stake.

This is not only going to benefit the gambling platform Stake but also Bitcoin itself and crypto. This wager by Drake has made headlines in the news not only because of how large the amount is but also because it was made in Bitcoin.

Drake is a famous personality not only in the US but also in the whole world. This is definitely going to promote Bitcoin. Not to mention that Super Bowl is being followed by millions of people also.

If I am not mistaken this bet by Drake has already won.

That is correct, both of them made it famous because it is extremely large and also because it is bitcoin. But, has anyone considered whether that is really Drake's money or whether it is for stake.com, given that it was sponsored? I'm not sure about this, but whether or not it is sponsored, it has a significant impact on the site as a whole, as well as the bitcoin community. Bitcoin is becoming increasingly well-known, thanks to the fact that celebrities are already talking about it.

I would say that it is possible, only Stake can answer that for us. They have been in crypto industry for so long that maybe they really attracted famous individuals to bet on their platform. Or maybe they contacted Drake to bet on them with something in return. Anyhow, for sure this is a big exposure for the whole crypto market seeing it being covered in the media for the biggest sporting events in the US.

That's it. The crypto hype captivated too many of people with power already. They have invested themselves. Exactly as you said, if crypto wasn't making people rich who have a say in the corporate or political world, it would probably be banned everywhere by now (it would still work, but it would be banned). Switzerland accepts cryptocurrencies for paying taxes. Well, what a surprise, isn't it? ;) I am quite sure a ton of people living in Switzerland or a lot of corporations that have been set up there made a fortune with crypto. The government knows it and would never consider banning crypto.

Anyway, we got a bit off-topic here although I want to note that this did indeed relate to the harmful narratives governments and media can establish even about a celebrity who promotes cryptocurrencies, in this case Drake.

If cryptocurrencies are bad influence because it is used for gambling, the fiat that are used for gambling (I mean the countries that support gambling) are also bad influence. This should not be the reason and not a good reason to deem cryptocurrencies bad. What is valuable is what can be used for gambling, like properties and money. Cyypto fall into being even more than money, it is valuable for gambling as its ease of its online use.

News of Drake's victory spread everywhere and it could make many people look and want to find out the truth.
And people will see Stake as one of the popular sites using crypto and Drake betting on that site.
That will make many people visit Stake.com and try to bet there.
It can be a great means of promotion for Stake because they can get a chance to get more members who will gamble on their site.

It might look off-topic if someone reads just this posts and not the ones that led to this conclusion. Drake did 2 things that are officially a no no for politicians. He gambled in public and won which will probably lead to many young people who look up to him to trying their luck because if he could win then it must be easy, right? He also used bitcoin which is this fake currency trying to undermine the position of the Dollar, the currency used by drug lords on Silk Road. The currency that people use to scam and launder money and he told all his followers on social media that it's good and you can make money betting it.

Since we don't see a big backlash of politicians comparing Drake to somebody who was caught beating a child or drowning a puppy, it must mean they're afraid of losing too many votes. Afraid of ending up as memes for young people to laugh at. It must mean they have more to lose than win from this one. Maybe Bitcoin is becoming stronger than we think.

The evidence is piling up and it should be criminal to do this sort of subversive advertising - he has a highly impressionable audience which is most likely why Stake.com went to partner with him in the first place. Chances are he never even placed a bet at all and these amounts he claims to walk away with could be carefully orchestrated payments to buy his endorsement. I don't even know or hear of any actions taken by a gambling regulator in America, does one even exist? Because this is prime material that needs investigating and these celebrities are stooping to new depths when they hide their affiliations like this. These people are already super rich but it seems they never have enough.

Yes, the more public figures talk about cryptocurrencies and platforms that accept cryptocurrencies, the more widely they will be used. I am glad that recently many countries have come to the issue of regulation of cryptocurrencies instead of banning them and this is all thanks to people who spread information about the positive sides of blockchain technology and cryptocurrencies in many areas of our life.

Whenever a certain thing do really gets attention then government would really take that involvement and its true that its better to set out some regulation rather than on banning it directly.
on which it would really be still having that choice or probabilities that it could be accepted and at the same time it would really spread up adoption or awareness about its existence.
It might come on different forms but it do still share up on the same concept or situations which is really on win situation.

I am not trying to defend stake or anything but that Twitter post doesn't really prove anything. all I see in the comments is that they are accusing stake of paying drake to bet on their website. anyway, I am also not denying the possibility of drake being paid to advertise strake by publicizing his bets on the website.

Don't tell BS just because you are promoting them in your signature and your avatar bro, you won't get any bonus from them for that believe me, they reserve them for their "friends" if you haven't noticed it yet. You should better read the link posted by Hamphser above, then you will understand that's an obvious PR marketing operation https://www.gamblingnews.com/news/new-viral-video-confirms-drake-enjoys-playing-online-roulette/

In my opinion, a ban on cryptocurrencies would be useful for their development  ::) Now they are gradually turning into fiat and are completely under the control of banks and regulators. I do not like it. Better a tough war than strangulation in "friendly" hugs. By the way, as I understand it, Drake made bets using not cryptocurrency but Canadian dollars.

Possible that Stake paid Drake in order to post the slip on Twitter, but knowing Drake's gambling habits, it's not entirely unbelievable for him to place such a huge bet amount using bitcoin. Then again, what's suspicious about this is that most of his bets were on Stake, not only on the sports category but also on other games hosted by the platform. It's sneaky and also deceptive if ever, but legally there's nothing wrong if he didn't disclose it as an ad (I stand corrected on the legal part.)

When Bitcoin is legal to use, gambling is also allowed, and gambling activities using Bitcoin have become commonplace, then isn't this familiar?
Yes, indeed, surely Bitcoin will become increasingly popular and have an even greater benefit value, especially in the gambling world.
The question is are they used to wagering such a large amount of money?
If this number is already used to them and it's common, then it is no longer surprising. We know how professional gamblers who play at a high level even spend a lot of money on one bet. Sometimes I myself feel surprised by the nominal.
But on the other hand, the positive side can be taken with the increasing use of Bitcoin, it will increase the value of Bitcoin itself

I don't personally think that it will be a boost to the popularity of Bitcoin because that Drake doing is something not unusual. Not just him but it's not the first time that someone popular places a bet for Bitcoin in the Super Bowl event although I don't have any reference to support that claim.

Bitcoin is also widely used now on gambling and some gambling platform are already popular with this such as Stake, Sportsbet.io, and unfortunately, even the worst 1xBit.

But on the good side, a PR like that is interesting for me since they are promoting a crypto-gambling website, not just a fiat website.

Celebrities can promote a product without a disclosure there's a possibility that he did get paid to make the bet more realistic but we should not be surprised if Drake is playing and prefer to bet on Stake they sponsor a lot of sporting events and they are popular in Cryptocurrency because of their reputation and how they promote themselves, I'm also hoping that Drake wins and this will promote celebrities like him to choose Cryptocurrency in their sports betting and it's a win for us.

This story is hard to believe despite the rapper in the subject have the money to wager such a huge amount of money but I will only believe the story if Drake comes out and make the announcement by himself because this could be a promotion. No hard feelings but just saying my thought.
However, if this story is true then it means Drake was a long term investor of Bitcoin

Possibly a long time investor or not its still his money and he could play whenever he do wants and as a platform on which if you do know that something popular like Drake is playing on your platform

then its just normal that you would really be taking advantage and trying to announce things because this would really be a good exposure for your business which could really benefit out.

It would be great if they would be posting out the result of such bet which would really be appealing to look at.

It is an interesting question. It is very possible that the money used was actually owned by Stake.com, although it is also equally possible that the very rich Drake has indeed made that huge bet on a sport he is a fan of. Both possibilities could be the truth.

But does that matter? This is about marketing. We all know that our favorite artists and celebrities don't actually use many of the products they promote. They don't use the supplement, smart phone, soap, shave, shampoo, toothpaste, etc that they are openly promoting in public. That could very well be the case with Drake's bet.

There's no prior announcement on Drake about him being an investor of Bitcoin, it's just now that he posted on his Instagram that he bets a huge amount of Bitcoin, there's a possibility that he is not the only one and that many celebrities are already betting and holding Cryptocurrency without announcing that they are investing.

First news about Drake winning a bet of $ 1.3 million, I am a little doubtful, information about Drake is very minimal only one source and even then comes from ukraine, As time goes by, the news about Drake winning bets is getting more and more talked about.
Like NEW YORK POST:
Drake lays down $1.3 million Super Bowl bet in bitcoin (https://www.google.com/amp/s/nypost.com/2022/02/11/drake-lays-down-1-3-million-bitcoin-bet-on-rams/amp/)

I wasn't sure before, now I believe Drake did it on the Stake betting site, win Drake has the ability to bet fantastic values.

No wonder the Stake gambling site is now viral in the discussion on social media, with just one person, Stake soars.

I didn't know that he was betting in Canadian dollars, but in any case Stake got good publicity and it means that they have an influx of new users, some of whom may become familiar with cryptocurrencies.

In my opinion prohibition of cryptocurrencies would significantly reduce the number of crypto-enthusiasts and create quite a lot of problems for miners, validators, cryptocurrency casinos, exchanges, etc. and accordingly slowed down the development of this industry.

Regardless if he's truly betting his own asset or he's paid to do so, we in crypto space benefits from this. No matter if he's advertising Bitcoin or the betting platform, it could still catch people's attention about Bitcoin and cryptocurrency.

From the look of it, it looks more of a promotion to the gambling platform than just flexing his bets. I'm not a Drake follower but If he's not posting his bets regularly then you know what this means. I mean he's a huge fan of the Toronto Raptors pretty sure he would put a bet more often in NBA if he really do.

I disagree with you, the "crypto space" as you call it, doesn't need bad publicity, it needs positive one. Its image highly suffers from all the hacks and scams in the area. Then if big stars like him scam people by showing fake bets and fake winnings on crypto casinos, it will hurt the reputation of cryptos at the end.

Drake was a figure in the Toronto Raptor'schampionship game against the Golden State Warriors I'm sure in the past he is betting huge with his favorite team but he never announce it for an unknown reason, I think this bet is true because he is a gambler and has a history of betting big amount and he never cared about his losses and his choice of Stake is obvious because this is a reputable online casino but it's indeed a big surprised that he's a Bitcoin supporter.

Rather than solely being a better way of increasing the usage of bitcoin in betting firms and online casinos using cryptocurrency, I think its an overall win for Bitcoin adoption as a whole. Its really up to the so called influencers to spread the marketing for adoption.

Wagering $1.3 million Dollars in the super bowl using bitcoin might be a very good thing for American adoption only though, seeing as other countries don't really know nor care for the superbowl. I have yet to hear a single European being exciting for any superbowl.

Ok thanks for the clarification, if not for Odell getting injured it could be 3 out of 3 win for Drake.

But then again, a win is still a win so this is a classic example on how whales really make huge profits in gambling. Big capital even though the odds are not that huge, the returns are still profitable for them.

I guess the OP can close this thread for good, we already have a super bowl champion.

One last thing though, that halftime presentation, dope, one of the best if not the best super bowl halftime (maybe just next to Beyonce performance).  :)

It's the other way around. Banning cryptocurrencies will accelerate the development of the industry and increase the number of crypto enthusiasts. Problems lead to a demand for solutions. At the moment, cryptocurrencies are being absorbed by the fiat world and the number of crypto enthusiasts is steadily falling.

I do not know what solutions you are talking about if the use of cryptocurrencies will face criminal liability. Half of the users will simply get scared of responsibility and stop using cryptocurrencies. In my opinion, the ban will allow only anonymous cryptocurrencies and solutions allowing to mask transactions to develop, which is a rather small part of the cryptocurrency world.

They certainly have the money to do it, if they were able to get so many famous people to represent them, but if anything like that came out both Stake and Drake would lose some credibility. More probably they gave him some discount to play and posting the screenshot was his choice. It was an expensive ad by Stake because he won a lot of money, but I'm sure it will be profitable for them in the long run.
If we're talking legal stuff, do you really have to disclose every single deal you get. Say you get a free tesla from Musk. Does driving it and posting pictures on social media count as paid advertising? If there was no contract between the parties that made you post these pictures, there's no obligation for you to even disclose that the car was a freebie.

Haven't seen it in the social media sites that I use but I only see the news inside the forum. It is not a widespread or this news was still early and it can take a couple of time before people talk about this and that's the time it will spread like a wildfire. If they are a curious type of person they will search for every detail of the news for them to know if it is true or not but they should be careful on some sites that doesn't tell the truth about stake casino.

There are fake review sites that tells stake is not a good casino to gamble on. If ever they will gamble and it was their first time they should be careful too because gambling is an addictive thing.

I agree, the effect on bitcoin and other cryptocurrencies will be minimal, however the effect when it comes to gambling with cryptocurrencies could be important, after all I still remember the days in which I gambled with fiat and it was a pain that every single casino wanted your information and you had no way to avoid it, casinos that use cryptocurrencies are a lot more lenient when it comes to this and will only force people to go through KYC under very specific circumstances, which means that if you are just a normal player then you have nothing to worry about.

US is a superbowl craze and other countries can't match that, lucky stake.com get great promotion from drake. Both parties benefit from this incident.

Yes, there's no announcement about him being an investor of Bitcoin but he advertised an NFT project (https://www.instagram.com/p/CZpdhzBNU82/) is a sign that he's somehow into cryptocurrency but I couldn't see Drake making any post on his Instagram about making the huge bet in the super bowl game.

I also doubt the genuine of this information and I can only accept it to be true if Drake makes a statement about it.

No Drake did not use Bitcoin to place that $1.3 million bet, he used Canadian dollar instead. Check out the bet slip and i am surprised that no one is even checking the bet slip before making the comment about Drake using Bitcoin to place a million dollar bet. Drake is known to place huge bets and what surprised me is that he is using stake to place the bet.

So anyone followed the bet, did he win or loose the million dollar.

Yes, he can deposit his fiat directly but you also have to understand that in Stake, you can change the value of your Crypto shown as Fiat for easy betting. We can't say he directly used Canadian $ here. If he's a crypto enthusiast, he can have more winnings if he places a bet in Bitcoin due to that large amount he deposited.

But it's not a big deal. Drake still used a service of a crypto-gambling platform.

He win big in the Superbowl he made a grand total of
grand total of $1.4 million in winnings.

Here is the computation of his bet and winnings


Drake Made More Than $1 Million Betting on the Super Bowl (https://www.billboard.com/music/rb-hip-hop/drake-super-bowl-bet-winnings-1235031449/)

He is lucky this time I'm sure this is not the last time that he's going to bet in the Superbowl not only Superbowl but all the other sporting events.

Canadian dollar or Bitcoin/Crypto it doesnt matter because he is fully aware that he could really switch up from fiat to crypto but what matter most here is the consideration that
Drake had done which do really make out some good exposure in overall market about crypto existence or this site exist.
He had been betting something like this or kind of behavior either on crypto platforms or fiat ones.

Can't believe you really make me think that I'm eyeing for bonus lol.

I'm not like you, bro. I'm totally not concerned about that as long as everything is settled smoothly weekly. I'm surprised that there's someone who took concern on that politics you are referring which is not a big deal to me. I don't even think of it honestly until you have mentioned it since I don't really care.

It should belong in the Reputation section lol. Peace. Let's not bring that topic here.

Its a bitcoin bet because all bets there are crypto, the display of any currency otherwise is for convenience.   You could bet in ETH instead and show it as fiat currency equivalent but basically its all crypto based.    The bigger deal is did he keep all his winnings in his wallet or cash out, somehow I dont think he needs the money and is plenty liquid so I think he just about doubled his holding just when BTC is with a good prospect of doing well in 12 to 18 months.

You are right there, mate. Why did it become a special concern that Drake used instead a Canadian Dollar? Is that even an issue? The fact that he uses a crypto-gambling site means Bitcoin will be associated in a form of advertisement. As a bonus, since Stake was used, more people will be aware of that site.

Clears, it's a marketing but should not be a problem to anyone.

Drake had been in crypto news for years , and i believe either he admit it or not? still he is a Crypto supporter as he also gambled in crypto gambling site in which proves his being active in crypto related activities.
so  no matter what he decided to use as currency it does not matter at all and besides this is crypto gambling site then why make this an issue at all from others.

______________________________________

what is Important here is Drake Won from His SuperBowl bets and Congratulations to His success .

Come to think thats how business works.The only ones who would succeed or place theirselves on top are the ones who are really that clever or wise on making out marketing decisions plus its a win-win situation

considering that this do really expose of cryptocurrencies existence which the thing that matter most for us people here on this crypto community.Doesnt matter on which
one he uses but still he do dealt of one of the most famous crypto casinos existing today.

You are right, it is big publicity for bitcoin. The papers and online medias are talking about it. People who did not know about bitcoin and Drake are getting to know them and the make their research on them. Infact, three things are on the map here: bitcoin, Drake and the music industry. That single game brought all to exposure. However I did not know people place alot of cash on bets like he did. That was a big risk he took. He was lucky it went well.

Nice, I always enjoy seeing high roller betting slips. So this what celebrities betting looks like compared to my 30 USD betting slips. Seeing that doesn't make me feel poor at all  :D Even if I don't like his music so much, he is very successful and can do what he wants with his money. I wonder how many Drake fans are now going to start betting with bitcoins. That he does his betting with cryptos is a good thing, free promotion for bitcoins. It's also another sign that most online betting is done with crypto currencies these days. I wish I could reach such profits one day.

Huge amount of bet once again from Drake. It's actually no news that Drake bet millions worth of dollar in btc because he's been doing the exact same thing during the past years. I can say he is a risky gambler and isn't really afraid of betting big amounts because he can afford to lose it. After all, he can always easily earn back the amount he will lose if ever things don't go on his favor. He is a type of gambler that I think believes on the "high risk, high rewards" which maybe the reason why he bet so much. This step of him is a good opportunity for bitcoin and crypto in general to be known by his followers. Drake has a nice reach and he has so many followers on his social media accounts. Hence, his move of making his bet public could spark an interest among his followers which is a win for our community.

That means he can afford to lose those amount of money on what he likes, also in some other thoughts this could give him additional exposure since he will be the talk in town for what action he did plus he can influence other people who doesn't know about it that its possible to bet by using bitcoin without touching their fiats on the bank. And since this is all over the news now for sure bitcoin are getting much attention on what action he do.

Am more concerned about the security issues that might arise if you would share your bet publicly, then again they might have been paid by the particular company to share a bet like that. This would be a good advertising for those companies and at the same time it would also make people gain interest in that sector.

There are so many people who are following drake and is gonna follow him after submitting this bet. This have extended the interest of other big news companies as well I am pretty sure the spike is due to everything happening together along with the Canadian banks as well.

As far as I know he wasn't paid by stake to share his bet but during the livestream that is run on the weekend Eddie the owner of Stake did mention about the bet placed by their user account but not by name. Those who are frequent players on the platform know who he is on there due to his (user)name being mentioned on the chat numerous times.
Even if he didn't want it known how much he has wagered on a bet like this, the news media has already made it public from this report put out by bloomberg the financial outlet's cryptocurrency section:
https://i.ibb.co/7KcpLdg/Drake-SBbet.jpg (https://ibb.co/1TVXjts)
https://www.youtube.com/watch?v=-64mYm02nYk

If users are shy and do not want to fight those who are trying to prohibit something for them, then so be it. In my opinion, cryptocurrencies are created for free people. If these people are enslaved, then they first need to regain their freedom, and then engage in the economy. Thinking that you can "be an economically free crypto user" without being politically free is a big mistake.

If this is true, then its must be the best bet for Drake.

"Money makes money" and this statement holds true in this case. We, ordinary persons, cannot take such bets because we do not have that much amount of money. Only the rich can bet with big money and win big.

That's what makes a lot of people tempted to give it a try but unfortunately, they don't measure up to their abilities and in fact many of them spend more money. They are not aware that it presents a greater risk because no one knows what happens after they bet. Some of them won and some of them lost.

Those of us who don't have that much money better not follow them and if we want to bet, just use the money we are ready to lose so we don't have to bet more money.

To be honest, I never know Drake is in crypto news for years until now that the institutional investor hop into the market, and gambling is not something new when we talk about celebrities because most of them are somehow into it.
Meanwhile, I don't have any intention of making a big deal about the news but I want to know if it is true due to misinformation thats happening within the crypto ecosystem.

Clearly, Stake.com has done a very good marketing job that they have managed to convince celebrities like Drake to wager so much money on their platform. It also suggests how good security and trust they must have. However, when it comes to promotion, I think that Stake.com could not have imagined better than just the information that a famous person like Drake (who is followed by millions of people) is betting with them and even Super Bowl! It's like a winning lottery ticket. I am sure Stake.com has won a lot more than Drake.  ;)

There is no statement that it is because of stake's promotion. Most people believe that stake has nothing to do with this free promotion from Drake. Maybe, Drake was just so happy to win that amount and there's no need for the stake to pay for this free promotion. Many people are just basically posting on their social media channel what they feel. And this time, Drake got lucky with his huge bets and he wanted to share it with his followers. But anyway, we can never know the ultimate truth behind the posting (if in case, stake has influence on this post).

Bah is just in canadian dollars  ;D Thanks to these initiatives that will make bitcoin become more mainstream and less based on gurus and people who got in really early. The   publicity is well worth the money - well as long as it is not mine  ;D Now, jokes apart, I think the guy made a clear point about his trust in bitcoin and I seriously hope more mainstream influencers make displays of bitcoin being used and add value to the ecosystem.

There is nothing wrong to follow and besides why we should place the same amount? It's just that even there's no analysis involved, Drake can risk that kind of amount knowing how whale he is.

What if the analysis is great? What if the analysis does make sense? What if the analysis is really good?

Don't believe in the amount you can afford to lose. Believe me, even a $20 loss is hurtful to the majority here. Simply, just bet the amount you are comfortable with. No need to go all-in unless you understand the risks.

They have been the best in sports betting , Stake.com has been the rank 1 in terms of sports bet site so indeed all you said is true and this quality is the best for gamblers like us.
They have been Holding a great name in sports betting over the years so yes indeed Stake.com made a best advertising and of course best support in gambling industry .

At the end of the day it is his money and he can do whatever he wants with it. He managed to make 2+ million dollars profit from his 1.3 million or whatever bet as well so he knew what he was doing. He got very lucky with the Odell Beckham Jr bet because he got injured and left not so soon later, and that means if Odell didn't had a touchdown right away on the first quarter, it would have been bet over for that one. Rams winning however would have paid it both I believe, and they did, in a very close fashion as well so he must have been scared out of his mind. Dude is already super rich so losing this wouldn't really be a life breaker for him, but winning is certainly a great feeling, or at least should be.

If Drake is active in sports betting he is fully aware of Stake standing and reputation in the sports betting industry so he'll have no problem betting with Stake.com, getting popular ambassadors and marketing in the right platform they have spent a lot and will continue to spend a lot for awareness and they are so far succeeding and Drake is just one of the many celebrities that preferred Stake.com, there are many more that we don't know or are not aware of.

Maybe mentioning the name of a celebrity inside his own casino is not allowed? Because, people would go crazy if the owner's says that or maybe he is just being humble there and he do not want other gamblers to know that there is a celebrity playing on his casino except for the people that already know it via the public chat. I didn't check the video but is the video posted first before drake posted his bets on public?

We don't need to worry about this guy's security because he have lots of body guards and normal guards in his house. This bet alone is not the only thing or the last thing that he will flex but there are more to come.

Drake did not make his fortune from gambling he is a rapper and a performer and he commands a huge price for every concert that he's been doing, in fact, there are reports that he loses a lot from gambling, and what about those unreported we really don't know his losses and his winnings for all we know he is not only playing on Stake.com, Drake is a compulsive gambler no remorse if he losses millions, we never know if one day he becomes broke from gambling.

That's a negative thing, just because he is gambling millions doesn't mean he would go broke, what if the guy is winning? and what if the guy can afford the amount he is gambling? I know Mayweather is also gambling million of dollars, but look where he is now, he still financially free and been making money from his boxing promotions.

It is not the "follow other people" that matters but the act of it that we should not follow. If you want to gamble on a game just because someone else gambled on it, you are forgetting that there are people out there who could gamble 10 million dollars on a single game and could lose and not even care about it at all. Whereas there are also people who could gamble 10 bucks and that could be a big deal for them.

This is why I believe that we should not be really condoning following other people but also not support it neither. You should know your own situation better than anyone else but other people should still not tickle you the wrong way neither, just let people make their own decisions and do not put stuff that may make their decision making bad.

There are many of these celebrities that are losing millions in gambling and with just a few bets, they can recover those millions of losses.

And if they are not able to recover from their losses through gambling, they can just simply recover it through their contracts and projects that would be easy for them.

Which will make them millions again and the cycle goes on. But AFAIK with Drake, this guy is invested with many things.

This just mean that those celebrities who losses millions of dollars in gambling can afford to lose this kind of number of money because they are also capable of earning this kind of amount in their career. They can recover from those losses because those people has the capacity and capability to earn back again the amount thag they lose. Same thing goes with Drake Wagered, I felt that this man losses many times, losses lot of money before he won this kind of amount and I'm happy for him because he got recover from loses he has made through this huge winning prize.

This single reason can make the rich to bet hugely because they know they can recover from another source . To them betting is like diversification of income, they see it as business to try their hands on and a means of additional source of income. If such bet disappoint, they have another income somewhere that they can rely on.

That's true and that's the situation that I've explained if ever Drake losses millions on bets.

Yes. Their contracts are paid in large sums of money and they can avail to lose. He's got back up if ever he losses that much money in gambling.

But as he wins with huge bets, there's no need to be worried with it. He's totally rich AF and can bet an amount which is likely our savings and it's just a few amount to him.

As for all I know, Drake is a big partner of Stake and he cannot go broke by betting on stake, because he'll still get rewarded for posting stake on his Instagram page with millions of organic followers that will end up using Stake because of Drake. I'm a huge fan of Drake and I know how other fans of his feel whenever he affiliates a product on his Instagram page. Many of them will search for stake and bitcoin at same time. Moreover, they are other means that drake will recover his funds even if his bet doesn't win him money. He got millions of streams on spotify, youtube and apple music play these streaming platforms fetch him regular incomes as a rapper in the US.

There's no article that will confirm that Drake is in partnership with Stake.com in fact there's a report that



But the same article stated

So Drake would have to prove to the authorities that he is not betting within the Canadian jurisdiction to legally win that amount he'll have to prove that and I guess he'll gonna proof of his location at the time of his bet and he better be outside of Ontario.

https://nypost.com/2022/02/18/drakes-1-3m-super-bowl-bitcoin-bet-may-have-been-illegal/

Drake will surely can manage the loss and I don't think it was just purely a bet on his side, there's a different story I guess on why he did that. Maybe to advertise the casino as well or that's not all his money at all in the first place, there are some evidence that he's with Stake after all for advertisements.

Are you saying Stake endorse Drake? Or what did you mean by Drake is with Stake after all for advertisement? I wish to know more about this. Or may be you mean that it can be an agenda not disposed to the public so that people can know Stake as a gambling platform that is providing deposit and withdrawal service in crypto. I guess this later will be what it is, as for me, $1.3 million is too much for gambling but can be a means to advertise.

No need to know the exact answer but rather, you can create speculation for that since it's not a big deal after all.

The Stake platform is already known as a crypto-betting site. With Drake being involved, it might push more awareness about the platform.

Up to you if you want to consider other things as "fishy".

I think the same, for regular people like us such a huge mount of money would be a tragedy to lose no matter how it happened, but for someone as famous as him this is not a problem as he can recover that money relatively quickly, not only that if we consider the publicity that he got out of all of this we could even say that he already got what he wanted as people were talking about him during that weekend and as such he got good publicity out of all of this.

Fortunately, Drake wins and bag big profits. I also believed, same as you, that he doesn't own all of those bets. What I mean, it's like a corporation bet or I'm not sure if my term is right where there are few people who like to ride on the same bet.

It's clear that it's part of a promotion and I like the status of Stake being now more popular. The same action is also done by other gambling sites.

Don't get it personally my friend but I don't understand why do people thanks to celebrities for betting with cryptocurrency publicly. Do you get some shares from that?  ;D

I don't understand why we should care about these whales betting a big amount.

Advertisement purposes or not, we do have our own mind to know what's our capability.

Let's just enjoy the fun watching these personalities doing crazy bets we can't obviously afford.

When celebrities bet with cryptocurrency or use crypto for any purchases publicly, they are promoting it to their audience that is composed by potential bitcoin adopters. That is: people who don't use bitcoin yet, but could eventually start using it, if correctly incentivized by the personalities they follow and respect. And when bitcoin adoption increases, every holders are benefited, since the demand is going to increase together with bitcoin's price. So that is why many crypto enthusiasts are glad for celebrities advertising crypto through online betting on their social medias.

Although not directly benefited by celebrities' bets by receiving shares of their winnings, we are indirectly benefited by increasements in cryptocurrencies' prices.

That's how influence of a celebrity works well in terms of promoting products of games while they are also all in in that game. I guess this is where sometimes they can cover their losses from their failed betting but I think this should atill considered as losses because instead that their talent fee by promoting the site was been set as a principal amount for their betting rather than take it home and use it for other means. However, this is just all my speculations, I'm still glad that bitcoin today was being endorsed by celebrities.

It was a joke about receiving shares (hope you are not upset about it). Now, I understand its Indirect benefit but they can do this by not only promoting their placed bets but just writing cool facts and advantages of crypto sphere on their twitter or instagram.

We dont know if there are behind negotiations in between stake and drake about this promotion neither he do have some fee or totally just his will on making out some flexing on his bet
but was not intentionally making out some promotion or exposure.
If Drake does get some sort of fee then it was just a bonus but just like on what others been saying that this is a win-win situation yet it does give out
that kind of promotion not only for stake but in overall bitcoin/crypto's existence.

I don't care if drake lose or not. let's just hope that a celebrity did bet 1.3 million dollars value in crypto that it will bring good news to all butcoin users. I would see this as a step to promote bitcoin and hope that because of this promotion even if they did do it for purpose ot not could bring many more people to use bitcoin and hope that it could also profit us when the demand increases due to new people that are attracted with the celebrity using crypto. After all, it's drake decision to bet that kind of amount and there's nothing we can do after all we have our own desire like getting double the money you have or for fun or just a gambling addict.

I would guess that if it was a paid advertisement, it wouldn't be this subtle. It would probably be shared from his main instagram account and he would do a shoutout to Stake in a text form with hashtags and all of that. It is clear to me that he just found Stake because it is one of the biggest crypto casinos in the world.

If you are searching "crypto sportsbook" or "crypto casino" on google, you can see there are thousands of posts talking about how stake is one of the top ones and that is where Drake probably found it. Maybe they talked with stake on if he could do that and he wanted to make sure, but he probably doesn't get any money in return aside from his bet winnings.

It's ok mate, there is no reason to be upset because of a joke. ;)

Well, they could promote facts and advantages of crypto adoption, but I guess it wouldn't have the same impact of inciting the audience's greedy and desire for money. Being honest, that is a much more shocking and noticiable kind of marketing, which is also echoed by gossip and news sites. So, this kind of propaganda spreads much faster and reach further on the internet.

^ If Jake is a crypto lover or a BTC enthusiast, there is a chance that he will keep his winning and hold it for the long term that could also benefit us but do you think he will do that? I think he will spend it or convert it into cash quickly so that he will buy what he needs.
The use of BTC is sometimes misinterpreted by others, it would be good if Jake will hold his BTC and did not sell it and that is will really help in increasing the demand but if not, it will create an impact when he will going to sell.

Whose that Jake you are talking into?  :D
Doesnt matter on how Drake would be converting his coins, whether he would decide to staying up those balance into crypto form or would be converted to fiat.Its his money then its his choice.
Thing here is that we do get some good exposure about gambling with crypto and to those fans then they would really be having that curiosity
which is a good or plus to have.

I think that bet was just to attract other bettors to follow him and I'm sure a lot of them did just like that as sheep effect can be huge sometimes , especially if a superstar promotes it. Personally, I will never follow someone known regarding bets because they can afford to lose and also they're doing for entertaining and maybe for the bookies but wagering with BTC in that amount it's just wow and I'm sure he has a lot of cryptocurrencies if he made that bet.

Overall , it was a great promo for both BTC , Super Bowl and even bookies as well and a bad one of gamblers haha.

Definitely, if he won that huge amount, he maybe had big losses as well. But not many gamblers will show their losses, usually, they only post when they win big. It is true that it can attract more bettors especially to the bookie that he used. But as a gambler, don't chase what Drake's got, because not many can follow such luck and also he can very well afford to bet big because he has that amount to begin with. So even if he lost the bet, it maybe nothing for him but for regular bettors, it is already their lifetime savings.

It's not really the share of the winning but if you're a supporter or part of the industry or community you want more people to know about this industry because we can only move forward if many people will use, adopt and invest in Cryptocurrency and promotion of its usage is a big factor, if you understand marketing you should know this.

Well that is a massive amount of bitcoin that he won and I think before he achieved that amount as a reward for sure he also experiences massive losses.
We have heard different stories of big winnings that happen using crypto and I think this will help to spread the awareness of cryptocurrency and bitcoin and perhaps many gamblers will also be inspired to hear the winning of Drake that has been wagered a massive amount.
How lucky he is and I hope there are more gamblers like him who value cryptocurrencies.

This.
Exactly! There's also the ad that came from Coinbase, just a QR and everything has went well. So for Drake's win in this bet during the super bowl.
It's up for everyone to believe whether it's for real as he's a rich guy and capable of betting such amount or it's just part of any promo and marketing which he's part of.

No one knows if that money do came out from his own pocket or been owned by Stake just for promotional purposes and this isnt only limiting out on Stake alone
but almost in all companies do make out such marketing which is somewhat aggressive and as long you do have the funds for such marketing then it doesnt
matter because thats how business works and whether we do like it or not then they have done on things which should be done on a business.

Right because in first place drake is so famous and eventhough companies will spend millions of dollars to him they can still earn a benefit due to the impressions and exposure to whoever back him on this. But anyways its good to see big stars giving good exposure to bitcoin since this could help bitcoin awarenes spread to the people still didn't know about its existence.

More people might've already made big bets, but it is him who is revealed to the outer world. Who does it isn't unknown. If the bets weren't revealed this could've never been a this discussion. He might've got paid for this bet apart from his winning. However end of the day everything is business, so nothing wrong in it.

Of course this is nothing wrong, it's his bet and he has the freedom to release it to the public, whatever his intention, it's his right and this really help us because we know that stake is a good gambling site where even celebrity trusted them.

We don't know what's his real motives, but he seems to be comfortable showing his bets which means he already bet huge amounts many times but there's an investigation because his bets are considered illegal if done in Ontario, if he did this illegally that could be the last time that he will show his bets to the world or he will be careful next time and follow the legal steps.

It will surely be beneficial to the crypto industry. Betting Bitcoin in huge events like the super bowl will be a good strategy to promote Bitcoin. Whatever Drake's reason in sharing his bet on his social media accounts will surely affect Bitcoin positively. I hope that more bettors would pick Bitcoin when betting so more people would recognize it.

I hope he will always be careful and continue to follow the legal steps because once deemed illegal, he could get in trouble. Yes, maybe he has gambled many times so at least he knows what to do to make it legal and there is no risk except the risk of losing his money if he loses another bet. He is paid or not, the public only knows that he won that bet and maybe in the next bet, someone will follow him and bet on the same choice as him.

I am sure that there will always be people who will argue about him sharing his betting slip. I mean at the end of the day, there are people who complain about people smoking on movies, because it is bad for you and it is bad for you that is true but just because of that you can't ban drinking booze or smoking cigs from the movies at all, that's censorship.

This is why the USA has all those rules that allow people and defend their rights to keep those in the movies. Same here, sure gambling could be bad for you and that is understandable but that doesn't change the fact that he could share it and he has the right to do so, you have to keep yourself protected, the whole world can't protect you, you gotta do it yourself.

Now I understand how things work but as I said it would be better from celebrities to promote this by using other ways such as twitter, facebook, instagram and  etc.

I highly agree into that point that its none of our business on how they do make their marketing stuffs its whether via these celebrity kind of promotions or show off or not.

Its true that this wont be a discussion if this betslip wasnt publicize which it would really be that common that they would showcase it off since it do came from a known celebrity which it

would be just a normal act for a business owner to do so for them to boost up exposure of their service which it isnt surprising.

Whether that's it or not, we can all agree that he's capable of it despite with or without the marketing thing from stake. That's the reality as he's a big man that has a lot of money to gamble at any amount that he wishes.
And also we can agree that what Drake has down has been trending and made a noise so it's a very effective thing from him. He's got a lot of reach and maybe some casinos will look at it and may inquire to him if they want to advertise through him.

I am more on the idea that Drake posted this as spur-of-the-moment thing.
Not asking or anything on that regard to promote the casino involved.
But with the publicity that stake got from Drake. Who knows, stake is already thinking of getting Drake as part of their celebrity endorsers?
For his followers, they should definitely think if they can follow his lifestyle because not many can bet such amount without the possibility of losing it all.

Do you mean, it's more that Drake is really used on betting with the Stake platform and it's just that, it happened he bet a big amount that's why it become a talk of a town?

That makes sense although it's really a quiet public advertisement at a high chance.


I don't think by being a follower, they should also do the same lifestyle as their Favorites.

On the betting side, it's good to follow but obviously, not to place the same amount that their Favorites are risking.

He can afford it that's why others should not think of being bitter or negative.

Drake is really a gambler since then. He already used to gamble at several gambling sites already.

We, as a low bettor have no choice but to just watch him lol.

Of course, it's real. Why he should put a fake bet lol. Publicity or not for the Stake, that bet is genuine and unique. He placed that bet prior to the match of course, shared a bet slip, and won. Drake won't do something bad to promote something.

I don't understand why others should think that's a fake bet. There's no way it can be like that.

I don't recommend Stake to get Drake as one of their endorsers, Drake has a gambling problem he can bet a huge amount of money because he still can make a lot of money as a concert artist and he also admitted that he has a gambling problem, it's against what Stake.com preaches in their TOS about responsible gaming.

If he becomes their endorser he will gamble more because he is getting more money besides doing a concert and he will enjoy perks that Stake.com is going to offer, to make him play more and how will Stake.com help Drake overcome his gambling, will they offer him to take professional help and fund his healing session, it's like Stake.com helping Drake to dump them, :D :D
Remember part of the healing is dumping anything related to gambling and Stake is one of them.

Let's just leave the idea that it's paid. Let's look at the positive feedback of the community and his fans towards that share he did.

We don't have different minds and thinking. It's always about curiosity that ends up with the idea that one is just all about marketing and advertisement. But as I've said, let's just leave it and be it. He had won and he had given great exposure to crypto itself with that bet of his.

if he has gambling problems then he will ruin his reputation, mental health and with that he will drag the stake along, I think it would not be beneficial for the stake. I don't follow the lives of these singers much, but do you know when he started to have these problems with gambling? I want to understand if he already had this problem with gambling before he had a lot of money or if he acquired this problem after having a lot of money

I checked the internet for his recorded gambling addiction and it goes back to 2018 we don't know if he is already gambling in his early years as a rapper, but we have many cases of rappers into gambling like Snoop Dog and 50 Cent they even have songs about their gambling addiction, and Drake is not the only one who posted his winning, Snoop Dog posted his one pound marijuana he won in the Canelo - Alvarez fight in his instagram account.

Only thing I find wrong with these gamblers is misleading common people to think of luck. The popular ones have made millions and from that a small portion is being spend on fun/entertainment. These people never get into addiction, and even if they're addicted this won't make a big impact on their living. Common public just follow and try to be lucky, which at times make people end up bankrupt.

Well, mostly gambling sites and businesses will going to find an endorser who is popular and knows how to do this business. And of course, those popular and rich people who associated with gambling business are the one who have made millions, I don't think so if those big time gamblers are never get into gambling addiction and those small timer gamblers are the vulnerable ones because they believe on endorsers and trying to make a lucky day out of their gambling activities.

Ha ha ha, that's the whole script for the movie. By the way, in this case, after advertising the casino, he can start advertising clinics that relieve various addictions - this would be logical. Still, it's good to be popular and famous - even your bad habits are paid very generously and there is always someone who is ready to pay you for what you would do and for free.

Well its one of the perks that you could really get on being popular or famous which we do know that it is really just right that they would really be getting those since getting famous isnt something that could be done
overnight so it is really just right that companies would really be considering out on paying since they do know that it would really be an effective kind of marketing to be having.
There might be some arrangement done behind by Drake and Stake which no one really knows, whether this is just a free promotion that Drake made  or not but its a good
add up for some exposure.

Huge for Stake and the crypto gambling industry as a whole.

This is probably one of the first times where a big, mainstream celebrity has openly showed that they use a crypto based casino.

I suspect that there will be an influx of new mainstream users as a result of this trend, and it is not unreasonable to think this given just how convenient crypto gaming is compared to other methods that take days/weeks to process just a simple withdrawal.

What happens is that it is difficult to know if such a person has been able to beat their addictions, after all many think that in order to beat an addiction completely then you need to completely stay away from it, but there are some people that can control their addictions to the point they can do so responsibly, one example of this is alcohol consumption, so while such a huge bet may seem like a sign that he is not over it, at the same time he earns so much money that if this was the only bet he made during the whole year then this is not a sign of a gambling addiction but of someone that has finally controlled his impulses.

There's no such thing about unlimited funds on which i he do continue to make big bets like this and losses then it would surely affect his financial state for long term.We dont even know if he's on profitable side or not

which we couldnt able to make out conclusions if he's doing well but in overall its none of our business on how they would be spending out their money.They have earned it and they do have the full rights
on what they would gonna do.Addiction or typical a hobby then its their choice to make.

Absolutely true! We need to mind our own business when it comes to money spending. Whatever they do to their funds, is on their own accord. But one thing that is good for this post is the promotion of the crypto casino, stake. Whether paid or not, that would give them further boost regarding their reputation among gamblers. That can also tell that they can handle big bets as well as big winnings.

I don't understand why you guys are getting so much concerned about Drake involving in the Stake platform. Regardless of his gambling habit, why should we care and give a crap out of it? Endorsement is an endorsement, advertisement is an advertisement, awareness is awareness, what's the difference of it to the other personalities doing publicity to the other products?

Stake is a gambling platform, not an institution to help people recover or stay away from gambling.

Wow! I'm only coming to the know this just know and I'm greatly shocked as to how much drake is into bitcoin stakes on gambling and the amount he wagers. Its a plus for cryptocurrencies and Drake has got his reputation about him. Given the fact that, he's no scammer and uses bitcoin, it won't be surprising to see some elite celebrities taking his steps. Though, the wagered amount is where it becomes a thing of question  but the most important thing about the is, he plays by the rules if you ask me 'staking or wagging what you can afford to loose'. Luckily for him, he didn't loose!

Yes, he have done it sticking to the rules. He isn't a scammer which is true. His wagers were big that common people can't think off. Now with his bets he had turned himself a crypto influencer, because more people have begun to follow him as a crypto enthusiast than a rapper. So I expect some tweets about specific coins from him  :D :D :D

That contradicts them and other than that, it is also a bad example for others too follow because that can make them addicted too but of course it will still depend on the person if they will follow what their idol's lifestyle.

Gambling is not bad though but only if done in moderation or they should only make a bet according to their capacity. We can say that it is not really a big deal for drake because he has the money to support his habits and there will be no worst things that can happen to him. Drake is already famous and is busy already so he might not accept the stake's offer if ever he is being contacted to do some of promotions for them.

We can hope that Drake can really control his behavior in the gambling games. Although he uses big money to gamble, he can still control himself. With a lot of money, he needs to manage it and not spend that money on gambling, but that will be up to him. Perhaps, he has a good history of controlling himself in gambling games. No matter how much money he uses, he will not get the side effects of addiction to gambling.

Stake is popular and there are lots of various big wins that had been paid out without any strings attached which is one of the best things when you do deal with popular sites which you wont really worry out

in terms of finance divisions plus on that fairness which you could somewhat assure that you are dealing with a legit or known site which does really give out confidence.Its true that we do have the full
control of our funds and none others business on how we should spend on it which it is true that its a good exposure not only on Stake site but also into crypto.

You're right!
I don't buy ideas  of celebrities, there was/ could be a reason for the bet public displayed.
Celebraties are non for making money from fans indirectly but many wouldn't know because the team, the crew and company are so good in blending their products in the hands of fans indirectly. The reasons why I think he display the bet could be:
1.Indirectly pushing or advertising of sportbet, it was body displayed on the game.
2.It could also be that Drake was to get the attention of public next time to have confidence to wage between the two players, they could easily analyze looser and winner and the opposite might happen and win-win for the house and loss for click bet players.

The platform and the advertisers have nothing to do if people will dragged themselves into gambling. Drake is an intelligent guy and a successful person. He might be a gambling addict but he is responsible in the end. Let's set aside some non-sense comment that Drake is an addicted gambler, Drake is, etc., etc., etc. that's why he is not fit the advertisement and so on.

Take it or leave it. Believe it or not. Depends on us.

What are you saying Drake has a gambling problem? He is a billionaire and already loses big on the way. He affords to lose that amount and he is not other gamblers who will cry later on. Drake also has lots of businesses owned.

And no way he will drag Stake along if he has a problem let's assume. Viewers will not think of that as it's irrelevant and doesn't have any connection. It's not Drake is the face of the Stake in the first place. How he can drag down the Stake just because he has a gambling problem?

So here's some latest article about those questions.
Drake: Gambling Addict, Or Just Stupidly Rich? (https://www.casino.org/blog/drake-gambling-addict-or-just-stupidly-rich/)

As said he had some net worth of $180 Million which something below a million dollar loss wouldn't really be that a serious amount.
So this guy is rich.

This is what I read from the site:

Drake: Gambling Addict, Or Just Stupidly Rich? (https://www.casino.org/blog/drake-gambling-addict-or-just-stupidly-rich/)


Over $1 billion or $1 million? Obviously over $1 million as Drake's bet worth is far below $1 billion.

It is not about to be rich only, I hope one of his children will not later be addicted to gambling by educating them well and appropriately concerning gambling.

As long as Drake can take responsibility for what he does, it will be okay for him and he can keep gambling because he finds some challenge to win the gambling game. He had a lot of money that he could easily spend and he chose to gamble until people found out that he could win a lot of money.

But we do not have to follow what Drake did because everyone is different and many lose control at the gambling table. So we better not try it.

Yes mate, exactly! It is already believed that Drake has a gambling addiction or problems, but a $1.3 Million bet on his name is not that much to him, maybe to us it is a big deal because it's over $1M, but as we see, he is not that hesitant to bet large sum of money considering that he has a net worth of $180 Million and an assets that will continue to produce him money.

At least he knows that his kids are watching him doing gambling activities, hopefully his kids knows that their father's gambling addiction isn't worthy to follow.

Certainly, it's a big amount for us and we don't have the balls like him to bet with such huge bets.

That's a lot of money to us and maybe to him as well but compared to his net worth. It's going to be a manageable loss if ever he losses that amount.

He'll just get back on it and bet again until he gets it back. But needless to say, he had won.

As the saying goes, "gamble what you can afford to lose", of course we don't have millions so we cannot afford to gamble that amount. Drake is a millionaire, he can gamble at that range because he can easily make that money, but hopefully he is not a compulsive gambler as one can easily get bankrupt if they cannot control their gambling habit.

Definitely it is a huge amount for us and frankly, I don't have the balls to bet like him or at least half of my monthly wage ;D

Drake had 2 bets, first is on the Los Angeles Rams to win and second is on Beckham Jr to score even 1 touchdown. Well, luck is on his side that time because he got those two bets correctly and won a total of $1.4 Million in bitcoin. What a bet, isn't it? :D

Without a doubt this was done in order to promote himself, but that is not bad on itself, after all famous people live out of their image so if he wants to project the image of a big gambler with cryptocurrencies then that plays in our favor, after all despite the popularity of bitcoin many still think of it as nothing more but an investment, if they can see they can do a lot of stuff with it then they will begin to think out of it as a currency, and that is a good thing as that is exactly what bitcoin is.

Obviously, such acts like betting $1.3 million dollar in one event is only possible to millionaires like Drake who continually earns large sums even if he act lazy for a month and that bet alone was indeed a huge amount for someone who can't afford but for people like Drake maybe they can earn that amount in a few weeks even if they lost that bet.

Actually, I searched for Drake's assets and found out that aside from being a hip-hop artists, he is also owns a record label (studio), a clothing line and a portfolio of real estates which explains the fact the he is in the 3rd list of Forbes highest paid hip-hop artists.
Link: https://www.businessinsider.com/photos-drake-net-worth-real-estate-music-business-2019-9

If he had a gambling addiction he would have gone bankrupt a long time ago. If he is still a millionaire then he is in good control of himself and his money. I could be wrong, but it seems to me more and more that his winnings are a kind of advertising campaign aimed at attracting new users to Stake.com. If that's the case then it turned out to be a very successful campaign so talk of him winning has been going on and on.

I'm sure Drake has other businesses that can provide him with income aside from what he does, which allowed him to earn such a fortune. With such a large stake and having a gambling problem, it won't be easy to deal with it but Drake has made it this far and chances are, he'll be betting on something else again.

Hopefully, his children can help his father overcome his gambling addiction because, after all, gambling addiction problems can become big if not accompanied by strong self-control.

Maybe they have style with gambling and have win much money with gambling site and the fantastic amount share on his bet slips make as more surprise looking that amount, usually I just reach about $100 to $300 for each single bet slips but now I was shy for sharing about my bet slips because very small amount with my betting bet. I think they have good financial when start with gambling and about how much money use for gambling is not really problem for them and keep try how to show bigger bet slips amount maybe next time, more crazy I saw on that site because many gamble bet much money there.

But we're probably sure to bet such as he do if we're wealthy like him.

Yep, that's the bet that everyone would surely celebrate if someone's become a millionare on an instant. I guess the next superbowl would also be exciting and it's due to his bets.

There could be some celebrities that might do the same as his to get the attention of everyone.

He has several lines of business (clothes line, record label, etc.) and he can certainly afford to make unnecessary expenses. But what makes you think that he has a gambling addiction? The fact that he made several bets does not mean anything. Perhaps this is just an advertising campaign or an action to stay in the information field (for him this is the most important business).

Yeah, as most of the people have stated, it is simply a sponsored , and he used his own money to participate. I am confident that half or a significant portion of the money will be returned to him as a talent fee, even though he won, the event still generates a great deal of publicity. This is a really good strategy right now because it works for everyone and attracts users because they are using big celebrities. In regards to that financial manager, he does indeed have one, and they do, in a sense, control the money he has.

Drake has a fortunate of roughly $180 million, which while still huge is far from being a billionaire. This gamble was just under 1% of his net worth, which is an extremely high play and unlikely anything a sane person would do unless they knew they were going to win. While he might "only" be a rapper, people who have accrued that much money are not stupid and while it's his to spend - there is no reason he would go in for such a big amount. This all had to be engineered and likely only cost Stake.com an advertisement fee rather than any risk of losing, hell - the algorithm could have been rigged to guarantee he won and this was the fee that was returned to him.

Heck yeah, I'll be glad to bet such big amounts because I know that I could just earn it again in some few weeks if I lost, that would surely entertain my soul.
IMO, Drake could have just made the bet privately in cash as there's no need to advertise such bets if you he have no reasons at all or goal but instead he posted it in public that he made a bet using bitcoins in Stake. So, by judging his actions, it's a two way street and get somebody else's attention.

Maybe because as someone who has a lot of money, he has a way to spend or use his money well. And even though he used the money to gamble and occasionally he lost a large amount, it wouldn't be a problem for him because he still had a large amount of money.

It may be a small amount for them, the rich people, but still, it is a big number for me and I can only imagine how much it would be if he put all the money on the table.

I'm just guessing. But if that were true, and his children saw his father constantly spending his money on gambling, they would surely help his father not to do that. And if Drake really loves his family, especially his children, he will commit to not gambling anymore and try to give up his addiction to gambling. But if Drake doesn't have a gambling addiction, that's a great and exemplary thing for us to learn to avoid the addiction because he spends a lot of money.

Some time when active on gambling chat room discussion we can see awesome bet slip from many gambler with out our expectation how much money spent by them when try gambling site, I see many of them spent almost thousand hundred dollar each single bet between casino or sport betting games. They looks easy how spent much money for gambling and make them easy how to win, but for us looks hard although spent $100 or $200 and not easy how to win on every game in gambling site not only casino game but also never have lucky when try with sport betting game.

Sure. Moreover, this is his main main business - to flicker in the information field. He made a few bets and we (as well as many other people) have been discussing this for a long time, and this gives him recognition that can then be monetized through other lines of business. For example, I did not know who he was (at least in such detail) before this news got into the discussion.

Yes, it is clear that his goal is to earn big because he bets in the lower odds and his bets are also huge. For a guy that wants to have fun, they will not bet millions and the odds that they are playing are usually higher as it gives a different joy when you hit them. Betting 100 to 300 dollars on a single bet is already damn huge because usually the minimum bets or the highest bets that I see are 1 dollar.

Your bets are already worth sharing but I salute you for being too humble there. Yes, the site stake is so popular and have lots of big players, almost every day there are big wins that you can see on this site, close to or more than the bet of drake.

And just as what the speculations of other, it could be a big marketing but we just can't be sure with that unless have a proof that it's really is.

That's still quite a nice deal if that's for real but it's a great free advertisement if Drake just shared his achievement which is really boosting if someone has won that much.

Even me, I might share it although I'm not that type of person but because of being proud and happiness, who knows, right?  8)