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Another huge loss become public.
it seems that the famous Canadian singer has made a bet on Jake Paul that turned to be wrong :(
400K USD has been wasted. It seems isn't the first time some public bets result in a loss ... 

here more details:
https://news.bitcoin.com/rap-star-drake-loses-400000-bitcoin-bet-on-jake-paul-in-split-decision-loss-to-tommy-fury/

what lessons can be learned by this event?

There is nothing that I learn, but we should not use more than the amount of money we can afford to lose to gamble. Drake's networt as of recent is $260 million. The guy knows what he is doing and I do not yet see him as an addict.

What newbie gamblers can learn is still that they should know that in gambling, the gambling sites have house edge which is a means the gamblers are the ones losing more while gambling site gaining more. Which means they should not take gambling as anything than fun and not spending more than necessary on it because they are prone to lose more than win.

However, Drake losing in gambling is not surprising anymore as he had lost thousands before this one. He isn't the only one who lost I should say, there were too many people just rooting for Jake and the bookies themselves seem to have confirmed it thru the odds.  

$400k in one game, I could never get to do that even if I have millions. For Drake, I think it's forgivable. Drake had also made a lot of money many times through Jake's fights. The article says so.

As easy for him to have lost the bet, it would have been a different news had it been he won. Drake's networth is able to cover the loss, in that he wouldn't even feel it.
Wherein this loss happened to someone who either used peoples money or they use their life savings or some sort of monies they wouldn't have used, then it becomes a huge news on how gambling is bad and banned in most places.
As always, don't gamble with money you can't afford to loose. I don't see Drake making a noise about this, because he sure could afford the loss.

It wasn't exactly wasted. He lost but somebody else won. The bookie also got money to fund their operations. I read one of the comments in a social media post that he knew Fury would win when stories of Drake betting on Jake surfaced hehe.

It's just how it is for gamblers.

Bet within your bankroll. The $400K was certainly in his range and I bet he could put out more money if he wanted to. I think Drake is still a financially smart man despite his losses from gambling.

.....

One of the best meme I've seen from this.
https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA17XaFv.img?w=768&h=431&m=6

Just bet what you can afford to lose this should be the lesson. This is not new for Drake; he already lost a lot of money gambling previously, which for sure he is okay with as we know that he is rich and he can recover it in no time. For sure, he is again included in the promotions, so he has a cut of their earnings also. He will for sure bet for promotional purposes as well as to win money for the upcoming celebrity boxing matches. 

I remember one thread yesterday that stated 'if someone suggest you to bet 100% sure win how will you do it' Hypothetical Question (https://bitcointalk.org/index.php?topic=5441388.0) the lessons and events that happened to Drake are valuable lessons for gamblers, gambling really has the nature of luck for those who place bets.

In the current world of boxing, Jake Paul is on the rise and viral, many gamblers are placing bets for Paul, the fact that he can be beaten by boxer Tommy Fury, who ended up being KO'd, Drake shouldn't have been so rash as to place a $400,000 bet, he should have thought his greed and optimism towards Paul could cost him all his money.

Conclusion: never gamble based on greed and ambition, bet with a cool head and careful calculations, one more thing, don't try to put all the contents in one bet.

Nobody can tell me otherwise: Drake is a gambling addict, and I believe he must have picked up this habit many years ago. It makes no sense to waste such huge amount of money on gambling and keep going back, especially when losing. Or maybe he is not actually losing, perhaps he is doing free advertising for those casinos. And the fact that he is so rich is only fueling his addiction even more. I mean, this guy bets on anything, from sports, online casinos, this isn't a responsible way to gamble. If he is misleading the public by making them believe that he is using his own money when it is provided by a casino, I think it is high time he gets called out. Many young people look up to him, and they might follow in his footsteps because their role-model doesn't see anything wrong with it.

Gambling will always have risks and he is betting with money he feels he can afford to lose, I would probably think twice about spending that much money to bet on one game, but here I learned that what we believe will win may not necessarily win because of surprise will always come at the end of the game and I think Drake understands the risks

Losing $400k in a single game is an enormous sum of money that most people could never fathom losing, even if they have millions to spare. However, given that Drake has reportedly made a considerable amount of money in the past from betting on Jake's fights, it's possible to view his loss as more forgivable.and lessons that can be learned.it reminds us that gambling can be a risky business, and it's important to gamble responsibly. While there's always a chance of winning big, there's also a chance of losing big, and it's essential to be mindful of this when gambling.

Place all my life savings in a single bet and become poor.  8)

If I should come across an article online talking about how drake wagered $1.5 millions for an event and then lost I still won't be surprised, it's already known that drake does some crazy ass wagering. So him losing $400k on this bet is no big surprise but I must say he's gat gut to be doing something like this even and I guess he's the only artist I have seen that does things like this, maybe the rest are just scared or do not fancy the idea.

I watch stream of Drake when he is playing on Stake and he definitely losing million dollar bet on roulette and other live games. I doubt he will learned anything about that loss since that is just a normal bet for him like us betting 5$ with our bankroll. Is bankroll is so huge for him to get a life lesson on this kind of loss.

I think he is betting on Stake which he is partnered so I believe he has some cashback and other benefits for that huge bet. This might be just another publicity for Stake.

$400k for a top rated artist? That won't even make him sad for sure. Also, he knows what he is doing. If he would be greedy on that bet, he should have bet a bigger amount because in the first place he can afford doing such thing. Unlike with small investors and players who could only afford losing small amount but are expecting huge returns. He simply knows what gambling is all about and it is more likely that he managed the risks involved with that bet. Players have different wealth and capabilities both players and as an investor therefore it won't be surprising to know especially in this industry that there are people investing an amount which is a big deal for small ones.

I'm curious to know what you think could be the lesson here because I can't really think of any(other than his supposed addiction). unless he regretted or couldn't afford to lose that money, I don't think there is a lesson to learn here. this kind of bet seems to be normal for him and from what I have heard/read, drake loses far more than this when he streams when gambling.

Wow there are people making incredible figure bets and most times I just wonder how wealthy they could be and Drake over the time is one fucking rich dude that I know and I'm sure that loss wasn't something so big to him and one of the funniest side of the stories I read was when Paul was trying to blame drake for his loss but he finally promised him a win on their rematch.
I always feel happy when I see youngies treating losses as nothing an ld staying hopefully and I almost made a bet on paul but couldn't because my card wasn't working right and I'm glad I didn't because I would have lost massively.

In another report, I read that stake has refunded him because it was a huge marketing for the stake. I can't remember where I read but I'm pretty much sure I did it yesterday. Anyway, this is never a huge amount for such an artist I think. It's a tiny amount to them lol.
Lesson? Come on. Drake has a $200+ million net worth. I can only learn a lesson when I will reach such a position and only then consider losing $400k would mean what to me  :D

Rich gamblers are not open to exposing how much they bet and keep it very discreet especially if they are well known. The lesson to learn is that Drake had been promoting Stake as he is a partner of Stake and has invested in it since. He may have lost some money in betting his money out of his pocket but he may also be earning more than that as well.

It would appear that $400,000 is some money that he can afford to lose.

Drake has been one of my favourite artist. Am one of his biggest fans. I knew he use to be a gambler but him staking with a huge amount was what I never thought of. When he lost about $1million (https://www.google.com/amp/s/fortune.com/2022/12/19/drake-bet-1-million-argentina-win-world-cup-but-lost-it-all-2-minutes/amp/) in the last world cup competition in Argentina vs France. I was surprised that he used such amount of money to gamble which is a big lost to him.
And according to the OP's article he lost another $400k in gambling. The key lesson to learn is to never to be too sure of winning in any game that would make me stake a huge amount of money.

Not new for Drake on losing up that huge for sure and he had and this one is an example.

Drake Loses $20M on Roulette But Still Donates $1M BTC
Source: https://www.gamblingnews.com/news/drake-loses-20m-on-roulette-but-still-donates-1m-btc/

So the amount we are talking on here which is $400k isnt something that big for him to mourn over.
He had the money and he had the rights on how he would be spending it.If he do like Jake and bet on him
and lost then its just called an ordinary day.  :D

It's like a money for a pleb like me but for people like Drake that do gambles a lot and has a lot of money, that seems to be a little amount that he can take back from his other source or just gamble to get it back again.

I wonder how much he earns just alone from his royalties and with such sponsorships and he's a partner from stake, right? He's got an exclusive contract there for which allows him to gamble and can afford to lose a lot.

That celebrities can have gambling problems too and that they can also be wrong, and you should not make the mistake of thinking that due to their level that they know gambling well and then follow their games and predictions. Drake can afford to loose a huge amount because he has the means to get it back, but can you? The choices you make in gambling should be personal and not a replica of another persons opinion without research. Your decision and choices can be influenced by another persons opinion, but you have to be able to do some analysis on your own and not follow blindly.

There is a difference between having millions like two millions or millions like 260 millions when you place a 400k bet. I don't know much about Drake's betting activity, but it's possible that he is net positive with his bets? Whatever, it doesn't matter but saying that a 400k betting lose is painful to everyone in the same way is just not true. We only know about his betting losses. I am sure he has given some champagne parties that cost him more than 400k for the night! :P

Famous musicians like these lifestyles.

I've read once that 50cent went bankrupt despite making millions of dollars every year. He was living such a lavish lifestyle, buying so many houses he really couldn't afford and hosting parties all the time that he eventually run out of money.

Drake likes to gamble, we all know that Gamblers sometimes lose money and those who bet a lot lose a lot.

On his defense the fight was very close and Fury almost lost by being knocked down. A split decision means the fight could go both ways.

I knew Fury would win. Posted about it in the prediction thread but many people were making fun of this saying he can't jab and similar things. Drake should've listened to me LOL. 

any it looks like, I will always be happy for him because he is a strong gambler that doesn't gamble less. He knows what he is doing and I know he's going to get money back soon. Drake has had several positive games that gave him a good profits and not today that he will feel sad for ordinary $400k when he is used to better with bigger funds.
I could remember one if his bet that he lost going to $1m and that do not shake him or make him to be panic like many gamblers will do if they loses that kind of fund. Let's keep doing what is making us happy and giving us joy.

Based on the judges scoring, the fight was a pretty close one and could easily have gone the opposite direction. I don't know why anyone would feel sorry for Drake though because he wins either way, he's already getting sponsorship money from sportbooks just to associate his name with gambling and he has such a huge income it makes barely a dent on his overall wealth. There is not much to learn, some super rich celebrity wants a bit more attention and to get his name in the media, he announces these type of things and the press does all the rest. If he had won it's likely he would have kept quiet and made at least double his money back. He's been a bit shady in the past when it came to disclosing sportbook sponsorship.

Well he is a whale, so I guess $400k is not a lunch money for him. And if I'm not mistaken, he has bet more than that before. Lessons is that we really don't know who's going to win in that match, or in any particular match.

The fight is just hype, and he was just on the wrong side.

The question is, if Drake is willing to double up with his bet if the two will have a rematch, or go with Tommy Fury. It will be funny if he changes and bet on Fury and then he losses.

Yes, they have problems, however, this celebrities have money to burn, so we can't say if they are really addicted or not.

And he has bet on several sports if I'm not mistaken, and he either win or lose, just like regular gamblers here in our community. I guess the lesson is that we should gamble money that we can afford to lose, from celebrities to just average joe gamblers. It's too bad though if there is some gamblers who just blindly follow the bet of their celebrities.

Drake is a big shot in both the music and gambling industry alike, the amount of money mentioned here might seem so large for us but to him, this is probably like someone who lost like $40 in a bet, he's not gonna feel it i presume.

But then, the lesson here is that, gambling involves risk, and there are time when you feel that you got your game one and absolutely sure of a win, only to discover in the end how wrong you were, i believe this is why its called gambling, and we are always advised not to ever bet an amount we can not afford to lose.

And to correct a notion from the OP, Drake did not waste this money, the money only exchanged hands, which I believe is not a waste.

It is really just that people are really that too mindful on someones money on how it should be spend or on how it should be used without even trying out to realize that it is someones money and they could do whatever

they do want.It is really just that there are people who do make out huge bets something like this on which it would really be that raising up some questions or things in mind but thats how they do make up bets.
They do have the finances and capabilities on doing so.Also its not on first time on Drakes losses and for sure there are lots of more which is bigger than this.

We know on how popular Drake is and making up some cash or income wont really be that a problem and also its his money and its none of our business on how he would be using or spending it.

The lesson is only gamble what you can afford to lose. Drake is up over the last few months sports betting I believe. He could afford the loss. I don't think 400k bothered him 1 bit.

I think a lot of people likely lost money on the Jake Paul loss.  I lost a bit.  Nothing I care about, but nobody likes to lose, right? 

As for Drake losing $400K, I doubt that matters at all to him.  Likely he's betting with house money from his advertising deal anyway so I honestly don't think he cares even a little bit. 

The big winner of the night remains Jake Paul though...  They're saying he's going to take home $30,000,000.00 for his role in the fight, while Tommy is expected to earn about 1/4 of that.  I'm guessing they'll do a rematch, unless Tommy decided to fight KSI instead.  In any rematch I would expect to see Tommy get a bigger cut of the prize, as he's showed he is now the better fighter.

It is not a secret that Drake is a huge gambler and usually looses and that will gain media attention, right now he is having a tie up with stake and most probably only placing bets with them and hence he might be getting back some of the money back for promoting their site and it will gain them more attention among his fans and hence these sort of promotions even after a loss  :D.

Being a canadian rapper,singer and actor then these amounts is just a mere dust or simply could really be earned on easiest way as possible excluding into those other income sources he do have.
Let alone into those partnerships with gambling site which its never been that a huge deal or issue for him to lose this big.Its true that it is really just an amount that couldn't bother him.
He does have other income sources and this amount isnt something that he would not able to move on or would really be that something a real deal.

Likely the correct analysis here. I was talking with a buddy of mine and he is thinking this is going to be a big money grab for both fighters. They will have a Paul vs Fury 2 where Paul will win and set up a 3rd fight for huge money. I have no clue if he is correct, but it makes sense.

Many were indeed were rooting for Jake Paul in that match as he had no loss yet at that time.
However, he was fighting a Tommy Fury who is a professional boxer, so there's no surprise if Paul lost to him.
A re-match would be a good money making event, so yes, definitely both camps will push thru the re-match.
But don't know if there will be trilogy for this, let's see first the second bout and let's go from there.

IMHO, everyone knows the lesson about betting only what we can afford to lose which is the same lesson that we're saying about investing. As for Drake, he's got a lot of money to spend in everything which includes gambling.

The match was of a surprise I guess since many have thought that it would be Jake Paul that shall win the bout but it ended up with an opposite result.

This loss of Drake might just only cost him worth of one twitter post from his sponsorship.

The first lesson is gambling according to the budget  :D we might consider it a big amount but for him maybe only income in a month, who knows
Besides, he is part of stake.com so he must have another advantage obviously they have mutually beneficial agreements that we don't know
But from here at least we can see other positive things that he does not just post a winning bet which can make people inspire to gamble
He also posted losing bets that made people think that in gambling there was a risk of losing.

Drake just got even according to Paul
This is gambling even if analysis tells us that Jake Paul is getting better and Tommy Fury's skill is not on a level of real boxers you can still go wrong, the fight is close it could go either way but Tommy is good at accumulating points, he got it as a long time amateur boxers, in their rematch if it happens, maybe things could be different.

Drake always posts his big money bets on UFC and boxing.

I think he almost always loses. Which is unfortunate for him.

But if true, it might be possible for gamblers to win money by making the opposite bets of whatever Drake posts on social media.

Nothing to learn. This loss doesn't gonna affect him in any means. Did his betslip was published earlier. If so more people would've chosen Jake Paul to win the match. The match might have generated good money to the gambling house. Already he have lost big bets as well as won it. He's a whale gambler and also a brand ambassador which doesn't make him learn than promote.

As gamblers, there's probably not much we can learn from it. We cannot even say we should only gamble what we can afford to lose because it seems Drake can very much afford to lose $400,000.

Or if Drake and Jake are friends and Drake is betting on Jake heavily because of it, then perhaps we could learn something, and that is to be objective in our bets. But if that's not the case, then it's perfectly understandable to bet big on Jake knowing that he's been winning one fight after another.

To those who are not gamblers, perhaps the lesson is that don't gamble if you're afraid of losing. Also, gamble big, lose big.

I don't understand how someone "manages" to spend so much money on a single bet.
In fact... I do understand, because who never had money to spare and in a moment of madness decided to bet 1k or more? For Drake, this value is the same proportion as for us who are poor and "mortal".

In any case, I'm sure Drake must have been very dissatisfied with Paul's performance and that vacation probably won't happen.

What can we learn?
What we already know... everyone loses money on bets.

actually we cannot call it as wasted money because gambling has 2 sides either to win or to lose , Drake had been in gambling for long and he already knew about the possible outcome and with his net worth? he decide this with confidence and understanding.
and also the ODD is not as bad as what happened in one of the gambler that Bet more than a million dollar with really low odd.
but still this is a sad losing for a single bet.

This is not the first time Drake lose huge amount bet, so I believe he's can afford to lose $400K even though for many peoples think it was too much. But different people have different wealth, since Drake is really rich, $400K might only worth $100 for him. So he wouldn't really care with it, but he will try to make anyone think it's a huge amount for him and that's the reason he want to attract more traffic by betting huge amount.

For us who haven't even experienced seeing an actual $100,000 in cash, this amount might be too big to bet. But to somebody who is as rich as Drake, $400,000 is probably just enough to make gambling fun and worth it. And this is not even surprising because Drake has been known to bet on sports with big amounts.

For our lesson, we need to remind ourselves that we are not Drake and so we should keep our bets in small amounts. We shouldn't be spending too much on gambling. We can only gamble moderately.

and like you said mate ? it is depend on the level of the person so he cal handle this losses or not , but Drake is a Multi millionaire so giving this to gambling site isn't that big issue and also he can take this back in another same bet in another game who knows right?
______________________________

But personally , I will never use that same method to gamble , i only risk small part of my daily wage so if ever i lose then there will be no hurting inside.

This is the point. As striking and exaggerated as this amount may seem, it is approximately 0.06% of its net worth. That's like someone with a net worth of $100,000 betting $60. It is a matter of ratios. For someone with a net worth of $100,000 it is much more dangerous to bet $5,000 than it is for Drake to bet $400,000.

and also as Drake actively in gambling and not hiding His betting ? maybe this is a common way to show how He is comfortable in gambling and of course in sports in which we also have favorite team/player/fighter this like me betting 3-5 dollars as my net worth is peanut compared to drake lol.

this just become controversial for small gamblers like many of us but for those who have same living level like drake? this is nothing for a daily loss.

Nothing in my opinion because the amount he used to bet and lost was even less than 0.1% of his net worth of 260 million dollars (https://www.sssamiti.org/drake-net-worth/#:~:text=Today%20Drake%20is%20one%20of,2023%20is%20currently%20%24260%20Million.), so it's still relatively small for him but not for me and probably also for most gamblers who think that he has addicted to constantly betting large amounts (but that's only from our point of view) because it's certainly not a challenge for him if he only bets tens or hundreds of dollars in one bet, and this defeat is not the first time he has experienced because he can be said to be very active in gambling especially if there is a big sporting event so that in the future we may still read the news he bet hundreds of thousands dollars or even millions of dollars to lose or win too

Nothing can be gained from here honestly. A bettor loses bets, and so what? Nothing new since most of us here have lost our own bets alomg the way. Also, a lot of people (including myself) believed that Jake Paul can easily win this due to the pattern and nature of his wins before, but I guess we were wrong about that. Both of them are pretty defensive during the bout, and it seems that Jake isn't giving out jabs like his usual self. Might be a preparation for a rematch to keep the viewers invested but IDK.

As for Drake, well he's known to lose huge amounts in betting. His net worth easily eclipses what he lost on this bout and he can bounce back pretty easily after this.

First and foremost most people believe that, it is form promotion for Stake.com, and while I'd agree that doesn't mean Drake isn't losing personal money and it's just from and supposedly drive attention to the said event.

As far as $400,000 is also a huge amount, even in the first world countries, I think Drake his only having fun with these bets and he's been friends or fan with most of the individuals he has placed any sporting bet, so I doubt there is lessons to learnt, he's obviously betting only as much as he could afford to lose, and that's the fun part, meanwhile he's also had some decent winnings for himself, not all of his bet have always been a loss.

I think there's only one lesson to learn from this loss. Some people are able to advertise even if they lose a bet. Looks like Drake lost bets numerous times yet he still posts about his bets on stake com. I mean 400k usd is amount of money I will probably never have in life. But I don't think it's that important for Drake anyways. He probably generates tonnes of money through his fame. And also its good that he advertises Bitcoin gambling to public space. Its some kind of awareness.

Well, I doubt that Drake learnt any lesson from this, because $400 000 is to him, like $40 to the average middle income worker. Have you watched any of his previous gambling streams before, where he drops $10 000 000 in one session? .....and still give away $1 000 000 after that?

Drake has so many business ventures and income from his music, he is printing money out of thin air now.... and this is extra publicity for him, because even bad publicity is good publicity... right. (He is also affiliated with Stake.com)  ;)

This is what gamblers should not do, because they like someone or they are a fan of a particular club, they should be supporting the person or club, even though they know they can lose. Gamblers should always think towards ways to win, not being a fan.

Do you want to write 'do not gamble big so that you will not lose big'? Because it is not advisable to gamble big and lose big. But people should well understand that too, if they gamble big they will lose big, as easy as that, which means we should not gamble big for us not to lose big.

Right, Drake will not learn any lessons here, he has been betting huge with Stake as he is their brand ambassador if I'm not mistaken. And now only Drake but his father as well have been known to wager at least $300k, so it's run on the family because after all Drake has amass quite a fortune because a celebrity/singer.

For us though, we should only play the money that we can have, we need to control our emotions and not to bet money that we can't afford to lose.

If we get ourselves addictive, then that's where the problem arises, specially as far as your financial standing goes.

This guy is betting 500k on 1 roulette spin on stream, like her cares he lost a 400k bet.  ;D

Who know if this wasn't a publicity stunt to promote stake and he played with company money, would not surprise me.

Anything is possible, that's why I don't really care with any streamer or influencer if they show he win a big amount money, especially at the site where they promoted. Just use your logic, does you will post your big winnings in your social media? if you do, what will you get? nothing. You're just increase getting attacked by a criminal because they thought you have a lot money in your home.

It was made public because he is promoting Stake. A loss like that may be a small amount for a millionaire like him, or perhaps it was just for the purpose of promotion - we never know for sure since he is publicly promoting the sportsbook. A serious gambler who bets large sums of money would not allow their bet to be made public due to privacy concerns.

Whether they win or lose, people will still be interested in them if they know who they are, as it speaks to their capability to spend on gambling, which indicates they have a lot of money.

It's bad for him as he loses. If I were to bet, I would go against Jake Paul, because although he is undefeated, Tommy Fury was the obvious better fighter.

It doesn't matter how much money you have, but making such huge bets on one game is somehow too stupid. Unless he has so much money that he is indifferent to this defeat, or he is looking for situations in which he can get the maximum adrenaline. It seems to me that for such large bets, you need to choose some kind of events from professional sports, and in this case, just a promoted amateur event, nothing more...

And one more person who lost a lot of money because of gambling, even though he is a person who has a lot of money, it still won't be good for him. The lesson we can take in this case is to keep trying to control the money used for gambling.

If he could control his money, he would not lose so much. But after all, he had a lot of money and could bet whatever he could. We can only watch it and try to learn from what happened so that we don't experience it in the future. That's the real danger of gambling and has been experienced by many people and not just celebrities and he should have learned from his mistakes but it seems he won't learn ;D

It's not new, he is vlogging all his bets and most of them are high amounts. I won't be surprised about this kind of bet that he did for Jake Paul. I too am a victim of losing money from trusting my money for him. I really thought he won that fight but we cannot defy the judges' decision.
What can we learn about the bet of Drake?
Nothing much. If you cannot afford such an amount don't bet like him.
There must be a limit on how much we can afford to lose and on his stance, he can and it's not difficult for him to make that much money again considering his net worth.

Fun fact: Tyson Fury places huge £100,000 bet on brother Tommy to knockout Jake Paul (https://www.mirror.co.uk/sport/boxing/jake-paul-tommy-tyson-fury-29306387)
£100,000 bet was more of a loss for Tyson Fury than $400K bet for Drake.

Conclusion? Are you serious? $400K is nothing for Drake and it's all marketing man, the fact that Drake bet on Jake Paul is marketing and generates money, even this article that he lost 400K is marketing and again, generates more money. You have to see another side, he lost $400K but actually gained more from this event.

Drake's luck is sometimes funny. He bet on Argentina against France and Mbappé made it 3-3 at last minutes. He bet on Jake Paul and even lost at 50/50 fight. He lost bet on Jose Aldo at UFC 278 and lost again.
I don't gamble but really think to do exact opposite of what Drake bets on.

Did Drake really made that bet, or this is just a collaboration (promotion) with stake.com? It is clear that Drake can afford to make such bets. But I think they had sort of an agreement with stake - he makes bets, if they lose, stake returns him money, if they win, he gets the amount he won. This is similar to bloggers who pretend they gamble with their own money, while in reality casinos top-up their accounts before streams, so they either earn from affiliate and dont care if they lose or win.

Strange theory, but I can't say its a lie or call the Truth. I think drake is one of few gamblers that actually gamble for fun, the guy just love flipping his cool cash in the most unlikely outcome in so doing he also causing social media waves which gets him favourable attention and in so maybe return back the losses. I personal feel drake just likes to gamble and since he has the money and the influence to make more money out of losses, you can actually the fella a perfect gambler.
No losses a WIN -WIN situation

Tyson Fury also lost £100,000 and there are many more we do not know because this one has a lot of hype the promotion is even deceptive they make t appear that Tommy Fury lacks the right skill to beat Jake.



The lesson here is only to bet what you can afford to lose, there is really no guarantee in gambling or sports betting even if all the analysis points out who will win or favor to win based on performance.

Good that you wrote your post because it actually made me do some research on Drake as I thought I read something about him collaborating with casinos. That would explain why those bets go public (I think he also tweets about it?). For a casino it doesn't matter whether he wins a bet in sports or loses it, the only thing that counts is that it is a HUGE bet such that the whole world is talking about it.

Now I found this website (https://www.casino.org/blog/drakes-latest-bets/) and it says that he wagered over 1 billion USD in two months. I have no clue whether that is true, but if that is true the 400k USD is what some here already thought anyway, it is tiny compared to what this guy is up to financially.

I just quote from the website:

"A Brief History Of His Biggest Bets

🤑 Total Wins: CA$101.9 million ($76.4 million)
👎 Total Losses: CA$39.5 million ($29.6 million)
From January to November 2022, our research discovered 18 notable wins and 11 notable losses."

The numbers stated there are so outrageous that it is actually hard to believe it's true.

This usually happens not just to famous personalities but also to ordinary people who are also huge bettors. They tend to believe the trend so they risk big amount of funds which I think isn't a good idea. Gambling is still gambling regardless of our personalities and financial status. We should still be mindful of the risks that we are taking. I agree that we should just bet what we can afford to lose or else we will regret things in the end.

There's nothing much to learn from his experience than two common lessons, the first is that he has acquired alot of fame, money abd reputation so loosing this shouldn't be a much concern for him because he has many means he cab use to get over the lost and recover it being a celebrity, the second one is that it will be stupid of any gambler who compared himself with him and having no reputation or means to recover and then gambles such big amount of money, this is not his first time i believe and he has a backup, but an ordinary gambler should take caution and never gambles if they can't afford the loss regardless of the amount involved.

If there is a lesson to learn from this is that does not matter how much money you have or how much fame you have accumulated, in the end, we are all human beings and we cannot be always right on our bets and we must be mentally and financially prepared to lost money due to a bad prediction.

Nonetheless, considering we are talking about a person with much money, as Drake. I am sure he will be fine even after this loss.

If Drake can afford the gamble loss then there is nothing bad or special about his actions. It would be wrong if he keeps gambling and losing until it is clear that he is addicted to gamble. We have never heard any information that he has gone bankrupt, which means he can afford it. Even Jake Paul confirmed that the Canadian Musician can afford the loss because he has been winning bets on him, so this loss is no big deal. This is a proof that Drake is not new to Bitcoin gambling.

The lesson that can be derived from this story is that we shouldn't gamble more than we can afford to loose. Drake can afford to lose $400,000 but some of us might not recover from a $500 losses.

We may hear more news like this. Because we know that he has a habit of gambling and the amount he loses is a small amount of money for him. Still, a gambler needs to be more careful. He should also think about the hard days. As a result, it might be Drake who lost the money, but it could be us another time. We must be careful.

Lesson? You can't get any lesson in gambling aside from betting what you can afford to lose and stop gambling at all. Such amount is not a big deal to Drake he is known as risk taker, even losses millions last year yet he still betting till now. So a mere 400k won't affect his gambling activity for sure.

I'm hoping the benefits allocated to Drake's Ambassadorship deal with Stake gambling because I wonder whether the games he stakes are covered by the casino as a form of promotion or just compensation for making use of the sportsbooks so that the rapper wouldn't worry to wager anything, the stake will either pay if he win or loss the expected odds that are associated with each of the game, I assume something like this is what give him the courage to wager/stake money as huge as this, that alone will go a long way to settle bills.

It could also be that Drake is doing this purposely for entertainment and advertisements sake, this is not the first time he has staked something huge, he did it in the World Cup which gather a lot of attention which makes me feel this is just part of the partnership.

I think $400k isn't that much to the likes of Drake and maybe we don't know if the bet was really from him or it's just a way to advertise the casino. Of course it wasn't the first time, there has been numerous public bets that has been wasted in the past. I think lesson learned is don't make it be available for public considering others might counter that, we don't know maybe Jake bet privately, it's just my opinion but he got nothing to lose on the match's profit, he could profit if he counters that one.

just want to add to this that from what I have heard drake usually loses millions of dollars during his gambling stream and I've also seen an article mention that drake has wagered over $1Billion on stake.com in just 2 months(it is also one of the reasons why a lot of people think that the money he uses for gambling is sponsored by stake.com),

To be fair that's nothing to him, I agree with that. Imagine having 100+ million dollars, and then you  can see why 400k is nothing to you. Basically for all of us, it's like losing 4 dollars, you would not even care about it at all right? Why would you care losing 4 dollars, it's nothing, well it's the same for him.

Of course it is an amount that would make me richer than I have ever been in my entire life, in fact I have been working close to 20 years now and I bet my entire income combined in my whole life do not really worth 400k right now, it's at max 100k at most, and this guy lost it in a single bet, so I get why it looks big, but it's nothing to him in the end.

This was never the first time Drake lost a lot of money over a single bet. I heard he's a high roller and always makes big bets whenever he gambles. He's also addicted to gambling too, so there's that. If someone living in a middle-class setting earning off of a minimum wage job were to emulate what he's doing, they'd literally burn through all their investments in a year, even lesser if they have less or no investments and savings at all. So, besides retaining proper discipline when gambling, it turns out that you can also be filthy rich, if you wanna be addicted to gambling that is. Kiddings aside, as I said earlier, this was not the first time he lost big, If i'm not mistaken he also made bets on Mcgregor amounting to millions of dollars only to end up whack, and other athletes that I forgot the names of.

There’s a lesson here, which is not to follow the hype and see the real picture of the match.
We know there’s too much hype with Jake Paul and going against the odds will be a big risk and fortunately those who bet for Fury and took the risk rewarded with the profit. This is not just a small amount to many but surely Drake can still afford this.

Would really be just peanuts for him considering that Drake is a whale gambler then these amounts are just that small or something that he wont really be stressed on.Yes, it is really that a huge amount for most of us and speaking about sticking with the favorite then its not always ending up on a sure win.If there's a hype then its not surprising that majority will really be betting into those  but into those bettors who do go into that realistic side of things specially in comparing with stats or whatsoever then they would be sticking into those choices which do seems to be able to win despite on not being hyped.

Drake is making money by losing it from all these sponsorships. I wouldn't be surprised if one of his sponsors covered some of that loss directly or by giving him rakeback or some form of credit.

He's not going bankrupt from such a bet and this is already working for him because we're all talking about it. This means more twitter followers for him, more viewers on his streams, more sponsorship invitations from casinos because everybody wants to have a high roller on their side.

Having high rollers is not a big task. Every gambling platform have got good number of high rollers, but the same to be a popular one is important. If you and I make such bets and loss it, this wouldn't be a big discussion. When popular ones experience it, those will be kind of business. As said these high rollers were backed and they won't go bankrupt. Most of his bets used to be high and he used to make some tricky bets that makes people watch it. Previously it was the $2.6m

It is true that losing money in gambling is not uncommon, and even high-profile celebrities like Drake can fall victim to the allure of the game.
It is important to remember that gambling can be addictive, and it is always a good idea to set limits and gamble responsibly.
While it is unfortunate that Drake lost a significant amount of money in one game --it is also worth noting that he has likely made a lot of money through his association with Jake's fights in the past. However, it is still important to exercise caution when it comes to gambling and not let losses spiral out of control. Gamble of what we can afford to lose --we are not all the same Drake. :D

Lets take some snips from article about celebrities losses out their gambling bets.

American basketball legend Michael Jordan lost $1 million at a stake in a single golf game,
, Charlie Sheen reportedly lost $2.5 million in three months.

Source: https://faze.ca/look-at-celebrity-gambling-addiction/

We can spend all the money that we do have in gambling and its none others business on how much we do stake on it.  :)

Absolutely love this.  I don't hate Drake or anything, but I think he's a bit obnoxious, but no where near as obnoxious as the Paul brothers are..so seeing them both lose was a big Win for me personally.  I had planned to put a few satoshis down on the game but forgot to do so.  I was actually going to pick Paul as I thought it was going to be another scripted fight, but finally he faces a decent challenger. 

Hope to see him continue to pick up his level of challengers.  If they both do so, I'll have a lot more respect for them.

We are talking to drake here, he wont be as popular as a gambler if he just betting following only from the hype like what paul's fans did..
Probably this is a personal preference, he is known to bet paul's previous matches too, like it's a kind of support from him.

tommy fury is a professional boxer, so yeah, this one was different from paul's previous fights. now, he tasted defeat and for sure, his camp will be asking for re-match. but this time, the purse split won't be in favour of paul, it wil be for fury. hope there will be no internal negotiations for the next fight, and let paul win so they can have trilogy. if fury will win again. now, the future of paul in boxing is quite screwed.

Well, I guess one lesson that we can deduce here is to bet on professional boxers instead of celebrity-turned-into-boxer type of scenario. In this case, Drake went to bet on Jake Paul, who I consider is a person who is never a professional boxer to begin with. In addition, maybe the gamble that Drake did is also some sort of publicity to attract attention and viewers to participate on the match.

Another lesson is also to consider betting on small amounts. The amount of $400,000 may seem significantly huge for us, but to Drake, it may be relatively small compared to his total net worth. That is why, only bet the amount that you are willing to lose in the process.

I doubt there is much to learn, if this was any other person then I think there could be several lessons that could be learned form this, but Drake is not only a multimillionaire, he is even a sponsor of stake so his losses are probably neutralized somewhat thanks to the agreement he has with them, probably the only thing that can be learned from this is that people should not try to imitate Drake on the size of their bets or soon enough they will face bankruptcy.

He probably gets paid that much or way more by gambling company to just gamble on it(wont name names :P). It's a fairly bad bet to be honest and Jake just lost to a way below average MMA fighter. That's what is expected of him anyways.

I can't remember who is the favorite in this fight though and it could be Jake Paul and if that is the case then I wouldn't say it's a bad bet.

It's just that Fury has more to offer in this fight, and even if Jake Paul scored a knockout down, still the judges had it for Fury. But I agree, since he is a ambassador by Stake and most likely he is being paid handsomely to promote their gambling site.

So Drake Lost 400 mil. Tommy won the match and 8 mil. and Jake Paul lost the match but won 30 mil. Sounds about right hahah. Way to take the L jake, I bet you he planned all of this somehow. Had he have won maybe he would have won more. But to lose the whole match and still make 22 million more than the actual winner still baffles me! As far as for drake, sorry bruh! Catch that hot line bling next time!!!

Drake lost $400K or $400,000, not a million.

I'm not quite understand how Tommy Fury can earn $8 Millions and Jake Paul can earn $30 Millions, because there's no transparency after the fight. What we can know is based on the contract, it has been expected Paul will make a lot money than Tommy Fury regardless the result. It's not suprising because Jake Paul's name is big, I believe Tommy Fury is already happy to earn $7 Millions and he won the fight.

Well, the only lesson to learn here (which isn't applicable to him) is never put a bet that you can't afford to lose. Nevertheless, this is gambling so losses are inevitable as well as a win. Drake has millions if not billions on his account, that $400k for sure does not really affecting him financially. These bets coming from celebrities are just like showing support to their favourite fighter or a team in some sport and if they win, that's gonna be a bonus.

Losing high figures on bet is what anyone would prevent from happening. I can't even offered to lose 1 grand to bet due to the situation of the country, but a celebrity losing that is obviously nothing compared to the citizens. Drake is one of the famous Canadian rapper in the world with top trending songs in his playlists. Losing $400k on a bet is usually a normal thing for Drake, because this is not his first time he's losing such gigantic figure, there's something considered as the drake's curse, but he always pull money on some top clubs, like when he placed a bet on Barcelona in remarks to celebrating his 1 billion streams on spotify but the bluagrana loss the game. He will definitely hit the lotto next time.

Drake losses what he can afford to lose, he has billions of dollars in his account, and losing $400 or more will not affect him anytime soon because he has the money and big assets.
To be a gambler is not to come and win or lose.

That is a valuable lesson for everyone who wants to bet on gambling. But people don't seem to care about that and many of them bet over the limit and in the end, they lose a lot.

Gambling only has two choices, namely winning and losing and it seems Drake is aware of that but he still bets large amounts. And he also seems okay with losing a lot of money because I think he still has much more to bet. Even if it's a support of their favorite fighter or team, some people may follow Drake to bet big money because Drake is their favorite.

Well hopefully Drake does not try to go out and recover the money by gambling more of it, because we all know how that is going to turn out...  :P


High PPV percentage will really only translate to big money if you also happen to be famous or a youtuber.

It's not new that Drake enjoys posting his betting slips online. I think for the last few Super Bowl matches he used to bet really big. Just this year he bet almost 1 million USD on the big NFL game and won. His profit on the big bet was around 500,000 USD, so he is totally fine to cover his loss on the Jake Paul fight. These big bets are really flashy for the average gambler and makes me a bit jealous. But we shouldn't look at the bet alone, we should take it into relation against the net worth of Drake. He is worth more than 250 millions USD, so a 400k USD bet is not really big for him. I don't think there is much to learn from this bet, he wins some and he losses some. The big loss would bankrupt any normal gambler, but for Drake it's only pocket change. He can always release a new song and make more millions.

For Drake, it was nothing since he is rich and he has a lot of money to gamble but for regular gamblers, surely that would create a negative life-changing experience. I would not bet into such huge amount where I think I would regret it after. Although for Drake, he has been into a lot of huge losses before so this is not new to him, after all he will again earn this funds from all his promotions and guestings. And if I’m right, he’s not gambling for profits alone, as he’s being entertained too by this fight.

Drake isn't the only one who has lost a lot of money at gambling, there have been many gamblers who have lost millions of dollars before at gambling. besides, Drake has also won multiple times at gambling before, so I wouldn't be surprised.

the lesson we can take is, no matter how reliable a gambler is, in the end, he will also lose at gambling. because gambling is a place to have fun, not a place to multiply money in a row.
another lesson we can take from Drake defeat is use the money you can afford to lose. because no matter how smart and rich the gambler is, he will eventually lose at gambling

Definitely! Some even lose millions of dollars, and yet they do not publish it. Besides, what benefit will they get from publishing their losses? The fact that Drake published his loss means that he gets a benefit from his post. It's kind of a partnership between the bookie, I think, so don't take it as a big deal.

Regarding gambling, it's not a matter of the size of your bet, but rather how much you can afford to lose. If you earn billions, it's only natural to gamble millions or thousands of dollars. But if you barely earn a thousand dollars a month, then your range should be less than $100.

Absolutely correct, for an influencer, which we all know that drake is one, not all loses are loses in real sense, a true influencer should be one who have experienced both losses and wins and know what this two emotions feels like respectively.

And again, like I made mention of before, Drake is a big shot in the industry, this is probably not a big loss to him, $400k could not be compared to how much he makes as an influencer and also have won from casinos, so this is also something I think we all should consider.

I honestly don't think he is winning in a casino. I think more of his money comes from being a celebrity and influencer. Maybe some will say he has a gambling problem because of the amount of money he bets, but that's just how he works. He is rich, so he can afford to bet huge amounts of money.

According to this article. https://www.celebritynetworth.com/richest-celebrities/richest-rappers/drake-net-worth/

His net worth is $250 million, so that amount is just peanuts on him.

It could be because there is no information on which money he used and I don't think he wants to say either.
But for those of us looking at the sums of money, it's big money because not many people bet that kind of big money.
But we shouldn't follow him to bet using big money, especially if our financial condition is not good and we never think about getting or making money from gambling.
And as an influencer, I think maybe that's his way of getting people to gamble with him.

It is not important to know what money information he used to bet because what is clear for sure is the fact that Drake is very rich and he has both experience and a fairly big name in the gambling industry.
Indeed, for some people, the amount of $ 400k is very large, but for them or Drake it is not a large amount so if it is lost when used for betting it is not a big problem.
Regarding this kind of thing I suggest that we all always bet using the money we can afford when we lose a bet so that there will be no disappointment and regret later on and don't forget to have limits on spending money to be used for gambling.

Drake is a partner of stake so don't you guys worry because what if it was only a promotional bet again like what he did in the past? And this amount was small because there are some of his bets who already exceed million and the good part is it was a win. In case this was a real bet place by drake, he can still recover this amount in other ways.

It can be through his main career which was singing and song writing. He can also do promotions from other top brands because he is already a famous star and might be getting left and right offers. Drake is only betting what he can afford to lose. We can always follow his method but of course not the same amount that he was placing.

I guess Drake would not gamble more than he can afford it losing, so I would say it’s all in his plan. If he wins, he will gain bigger profits, but if he lose, the amount is just very small compared to his net worth every month so he won’t regret it for sure. And besides, this is not the first time he has lose huge amount from sportsbetting, so it’s actually not an issue for him. As long as he can manage all his losses, I think that’s the only thing important there so he won’t live life regretting in the end.

For me the lesson I learnt is that never bet what you can't afford to lose but in drake's situation is that I can't say that the amount he bet can't afford to lose. If that's my money then you won't see me betting all that money. For rich people 400k is not a big deal if they lose it in gambling. I think he has a plan on managing his money and I am sure that the amount of money he lose in that bet is fine from now him even though the result of his bet is known to public.

I believe a lot of high rollers are actually losing big in gambling too but it’s mostly Drake who loves to deal on it publicly as he does not hesitate to post his huge bets in his social media account. But it’s never a loss for him actually since we all know how rich he is and he’s really earning big compensation out from his promotions and partnership with Stake. However, one thing we can learned from this is to never gamble huge amount if you regret losing it, and there’s always uncertainties in gambling. Even the most favorite player or team still end up being the underdog when the game ends.

Drake is known to be a heavy gambler. He also streams how he gambles millions on Stake. For him this is nothing i have seen him winning on roulette 17 million in one spin so i think this dosent hurt him much. Especially him that has a lot of money and income from a lot of sources.

Why would anyone be so eager to share losing bets as well. There must be more behind it.

Actually when I think about it how do we even know that he really lost his own money. When he is advertising a casino or sharing screenshots which let people know where he is playing, then the screenshots or mentioning of casino names probably costs the casino more than the amount he lost in a bet. If a casino just credits his account and says hey play with this amount and share it publicly, would we ever find out about it?

I don't trust these tweets because of that. I am not saying that those bets can never be true, but usually there is some incentive behind it other than just showing what a high roller he is.

Yes, he has lots of big winning histories compared to what he has lost on this bet. I'm sure that he could recover from it easily but it should still serve simple and small-time gamblers that we should still learn how to control ourselves when betting.
If we have lots of funds, it doesn't mean that we will just bet unresponsibly. We must think more than twice and be sure that we are on the right track. Yes, gambling has risks but we must still be responsible when dealing with it.

This is not the first time Drake is losing such huge sum of money on sport betting, because l can remember he lost $1milllion during the Fifa 2022 worldcup final which took place at Qatar when he staked for "Argentina" to win which   later ended draw with a penalty kick. And I'm sure many thought Jake Paul will win the fight, which later turned to be opposite.  
But moreover, one thing you need to understand is that Drake is a V.I.P gambler on stake, and as such whenever he lose, he is likely to get a compensation from stake casino

Gambling do not guarantees success and fortune in the end, it could also mean a lot of losses even to the extent of using your life savings just to chase for bigger profits. But of course, it’s never the case for Drake as he is now living in fortune already as a hip-hop sensation and being a long-time member of Stake community. So whatever his losses from gambling, he can always manage it and earn bigger from it instead with his appearance in his different promotions.

I don't think this is the first time Drake has lost a significant sum of money on betting. He does win and lose occasionally, but the sheer volume of his gambling losses might leave anyone permanently broke if not stopped. Drake's music career, which has generated him a sizable fortune from it, is what protects him from losing all of his wealth on bets.

Look at Drake's gambling behavior since he began betting on boxing

In my understanding of Drake's habit of betting is that he takes gambling as fun to try his luck whether it is possible to win or not because he knows full well he will recover the amount lost on gambling from his music

Drake? Seems you ain't really current that dude...is he ever complained of having shortened funds in his account?? C'monnnn, dude's worth billions and he's got alot of resources to spare out... what's his pain?
On the other hand, there's alot to learn about that incidental loss that actually went viral world wide -- I'm not even sure it's right to have it as an "incident" cus why? The best way to stop loss is stop playing at all. Some peeps get lucky and the end of the day and, they can actually make a living from it.

Sandra 🧑‍🦰

There would be no exemption if we do speak about losers on gambling field, doesnt matter whether you are a celebrity or an average joe because its not really that shocking anymore yet there are even
whale gamblers do even lost more than on the amount of 400k which means that this one really just get that much attention since Drake is a known icon but in overall there would really be no
shocking thing about it because losing is really that inevitable even on one sided bets or having those low odds.Just like the rest been saying that there's no guarantee about
having a sure win.

Gambling moves with uncertainties. Even with highly anticipated winners still end up losers in the end, so if we can bet, then we should only do it not crossing our budget limit so that losing will never be too hard to accept. However, Drake is still a responsible gambler I guess as even if he loses that much, I can say that he’s not terrified after all knowing what he lose is nothing to what he gain in real life. And maybe if I’m with the shoe of Drake, I will also do that as long as I can manage all of my losses as well.