Drake showed amount he has lost to stake, has bet $120m in a month.

[stompix]

Then I had winning streaks and the value of the bankroll increased and consequently I increased the value of each bet. At the end of the month this statistic appears. By this I mean that the same thing could be happening to Drake. He didn't deposit $124 million. He probably deposited $5 million or less than $15 million and then he started playing. Every time he won, he used the profit to continue playing.

The problem is not with the wagered amount, it's with the losses.
If he is losing close to 9 million a month, that's more than $100 million a year , and ignoring the deal he has with Stake, that's more than what he made from all his other income sources (which are audited) in 2022.
So it would mean he's losing more in gambling than he's earning if those amounts keep happening every month ,but I surely doubt it.

Now, if he were an American and not Canadian, we would have known the truth by now, 'cause the IRS just loves this type of deals.

[joeperry]

I'm not sure how it works but I think sponsors or partner with gambling sites are not using real money, in my mind they were given a hefty bankroll and place bet on whatever bets they want (usually big events) and showcase their bet or winnings as it would encourage gamblers to play but in reality they won't be able to withdraw it, just like some local streamers that was hired by gambling site. They usually play for a long time until they win which would cause a hype but they can't withdraw it.

[Hanadawa]

The money is huge I mean imagine someone like Drake betting this kind of amount without any promotion, at that point such person don’t know what to do with his/her money. I don’t take this personal because it’s all about advertisement definitely people will talk but it doesn’t matter besides this are part of the promotion for example op sharing this information for wider audience. If I’m not mistaking we’ve discussed this several time surprisingly other influencers and celebrity advertise gambling site but the fact Drake is popular and he’s known for betting using huge amount so this is nothing new.

First Drake and Stake have become business partners. Second we also know Drake is a gambler. So I think that big bet is not only because Drake is addicted to gambling. Unless Drake gambles elsewhere that does not have a partner with him. And of course that would violate the contract agreement. Some people might think that showing the results of losing bets will make other people hesitate to open the stake site and create a negative image for Stake. But I think if Drake shows a big win or jackpot, people will think that it is a promotion from Stake because both are business partners. So this loss can show that Drake really gambles there like everyone else. And the large amount shows that Stake is a trusted gambling site where you can save money up to hundreds of millions of dollars to gamble there and your money will be safe.

[Promocodeudo]

Even though he lost, Drake would not lose everything, because being a partner means that there is money flowing from the partner, whether the stakes are real money or not, it is clear that Drake always makes posts like this to attract attention, it is not strange. Because it is part of the business, behind them they make a good plan to make many people speculate about their bets.

Yea you're right he wouldn't be losing everything just as you said, for me he's indirectly making stake popular don't we think that this is a kind of publicity, I have seen some people say that may be drake doesn't know how to gamble but I don't agree with them because, the amount can not be used by someone who doesn't know much about either sports bet or normal casino games, i just feel that there's something to this, people may say ge falls to the category of people that gambles with fun, personally i don't think so, your view on this discussion is making sense to me, I concur to it in totality.

[Yaunfitda]

Even though he lost, Drake would not lose everything, because being a partner means that there is money flowing from the partner, whether the stakes are real money or not, it is clear that Drake always makes posts like this to attract attention, it is not strange. Because it is part of the business, behind them they make a good plan to make many people speculate about their bets.

Yea you're right he wouldn't be losing everything just as you said, for me he's indirectly making stake popular don't we think that this is a kind of publicity, I have seen some people say that may be drake doesn't know how to gamble but I don't agree with them because, the amount can not be used by someone who doesn't know much about either sports bet or normal casino games, i just feel that there's something to this, people may say ge falls to the category of people that gambles with fun, personally i don't think so, your view on this discussion is making sense to me, I concur to it in totality.

It's obvious, because he did carry the Stake name, so with him as their brand ambassador, it might have push Stake to the top. But there are a lot of competitions as well, so maybe the numbers or the next casino is not that far as we all know that this niche is very competitive as well. For the money that he lost, sure for us mere mortals is a huge amount. But for him with a lot of assets and then he is one of the most bankable music star, you can even call him mogul by now because of the reach and his music influence around the world. And he has been known a gambler, not just like base games, but sports betting as well. So probably if he lost that in a month, maybe in the next bet he can fully recover that money and continue his gambling spree.

[Nwada001]

Drake is on it again, and it's making headlines. Who is winning? A stake like this post is also another indirect promotion for the company.

What I see about all of this is that Drake knows how to position a picture, statement, slip, etc., just for it to make headlines, and his goal is achieved in the end.

I don't even care about the money Drake uses for gambling anymore; as long as he's also an ambassador, he's gaining from the casino. He's not just like any gambler whose casino they patronize is the only one gaining from them.

[2Pizza410000BTC]

It's not new that Drake is officially partner with stake casino, he has done a lot of posts and some PR for the casino but there is something off about this PR that is not adding up. He showed a screenshot amount worth $120m in only a month and with negative profit. How is that even possible? There is gambling addiction but this is beyond the type of addiction we all know and everyday he keeps doing some PR promotions for them to bring people to the casino.



Is this PR or it's real, how much is he worth to be losing this amount a month to gambling. Some people says this is a back end data and not real money.

There is nothing to say here precisely because he has used $120 million worth of money, there is a positive gain as well as a negative gain. Moreover, he can show it as a negative gain for public relations, otherwise people will not believe him. However, if he has a lot of money, then using this amount of money from there is a huge cost for us, but perhaps it is not a huge cost for him. Because it is not a huge cost for him, he started using $120 million on the gambling platform. Just like we can carry $100 on the gambling platform, he can also carry $120 million.

[TopTort777]

Crazy idea came to my mind, what if Drake is partial owner of Stake or have a share in it? That might explain those enormous bets he was losing? Or Stake receives so much profit, that can allow themselves to repay Drake the money he is losing. No matter how rich he is, its hard to accept calmly such huge losses. I dont think he is so financially unexperienced that can allow himself to lose so much money without worrying. I dont think he is just a musician, he has some businessman characteristics as well.

[goldkingcoiner]

is this not literally false advertising?

Depends on the context, I think.

If he is gaining profit from that PR then yes, it probably is false advertising. But if there is no direct profit being made (selling products, investments,...) it is hard to tell.

A lot of stand-up comedians make up stories about their lives and even though the stories are fabricated under the label of "satire", they can benefit financially from this, as it brings them more attention and makes them more popular.

But since Drake was not advertising for anything, I think even if his winnings turn out to be fake, there is nothing that he can be held legally liable against. But then again, I am not a lawyer so maybe that is not true.

[dimonstration]

is this not literally false advertising?

Depends on the context, I think.

If he is gaining profit from that PR then yes, it probably is false advertising. But if there is no direct profit being made (selling products, investments,...) it is hard to tell.

It’s almost guaranteed that he is gaining from that PR since Stake is paying him hard just to play and share it to his followers. The only question here is whether that lose is greater than his deal with Stake or not since his fee is not discounted to the public.

I don’t care much if he is advertising real bet or not since we all know that he can bet that same amount with or without Stake involvement.

He is a popular singer which means his net worth is so high to afford that high stake gambling.

[traderethereum]

That can happen if he spend big money in gambling without think about limiting his money. But I don't think that is his real money because the casino can give him that money to gambling. Maybe he is addicted to gambling and will spend more money while he can.

That is for promotions to attract more people to follow what he did. People really need to think about what they will do especially this is gambling which they can lose their money anytime.

Besides that, maybe that money is not real because we don't know the truth. So rather than think much about him, it is better we take care of ourselves in gambling so we don't get the same experience like him.

[Lida93]

Is this PR or it's real, how much is he worth to be losing this amount a month to gambling. Some people says this is a back end data and not real money.

We can't cancel the reality that Drake has been in the negative in almost all his gambling results and a lot of those losses may noy have anything anything to do with his partnership with Stake in anyway. He's just one worse gambler that i can commonly think of when I wish to remember one. For this image I can't really say if it's real or something PR strategy but I do know people can lose such amount in a month.

[takuma sato]

Is this PR or it's real, how much is he worth to be losing this amount a month to gambling. Some people says this is a back end data and not real money.

Drake has been very opened about his gambling and everything that pertains to it period when he wins we know and when he loses we also know.

I would not think that this is some public relations stunt. He's rich and losing that amount of money does not even make a drop in his wealth. He can afford to lose that amount because he has a constant stream of income from other sources.

What I would want him to do is to drive home the message to his followers that they should gamble responsibly and seek for help if they are struggling with quitting gambling.

Im just sure Drake is not gambling with his own money, or at least not 100% of the times. He was on stream with xQc, another notorious gambler, known for blowing up millions on stream. These streamers are obviously paid by the companies that host these casinos, so I wouldn't be surprised this is the case with Drake. Same goes with guys like Conor McGregor promoting DuelBits. There is a stream where he is "gambling" in some sort of demo mode, it is pretty hilarious because of how goofy the promo is.

[DaNNy001]

Before I know about Stake, I know about Drake but I do not know Drake as a gambler. Stake was created in 2017,  Drake started to gamble with Stake some years later and suddenly I noticed he become a gambler. I can not let such a thing fool me when he become Stake's Ambassador. Just know that all these are for Stake promotion. I will not also be surprised if Drake is one of the Stake shareholders because he has been a rich person before there was Stake.

Asides from the fact that he's a gambler he's also a public figure, these people have endorsement deals due to their value, it's all a business or you can say a marketing strategy..A common misconception most people usually have is that they say since he is an ambassador for stake everything he does on the platform is just to advertise,
That's funny and people say that out of ignorance... his wins and losses are real, the is reputable and transparent.

[madnessteat]

[snip]

It could be anything but I think it looks like he is playing on a virtual account. An account was created for him with virtual money sent to it so he plays and promotes this casino. One hundred twenty million is just a huge amount of money, it is hard to believe that he could really be playing for such money, being at a loss and not thinking about stopping or at least reducing his bets. I think this is just a PR for the casino.

It is likely a virtual account. It's already known strategy by online casinos when hiring famous personalities to promote their platform. Those virtual acount have enormous amount of money that will really make you think if someone is sane enough to deposit that big amount.

As I've researched, Drake's current net worth is $250m and the amount he wagered in a month is $120m, that's already half of it. There's no report of him being addicted to gambling so wagering that amount and still at a loss is really impossible to be true.

I read somewhere that famous people who collaborate with casinos and bookmakers do not use demo accounts but receive funds for their work on the gambling platform's account. The most interesting thing is that they have obligations to the gambling platform with wagering requirements similar to those used when receiving welcome bonuses. As I understand it, famous personalities can only receive the money they win in excess of the deposit provided by the gambling platform.

If this is the case, then the conditions for them are not as good as many people think at first glance.

[AHOYBRAUSE]

Drake being paid by stake but still gambling there and participating in giveaways (weekly raffle where he has thousands of tickets -> higher chances to win compared to unpaid normal players) has always been a thing I didn't like at stake.
It's just unfair to the normal customer on the site. Who know if his losses are even real. Maybe his deal is like looses until amount  x are covered while wins will be paid, and he has to share it of course.
I mean he obviously is not streamer that plays with "fake money" but still it leaves a strange taste in the mouth, doesn't it.

[stompix]

is this not literally false advertising?

Depends on the context, I think.
If he is gaining profit from that PR then yes, it probably is false advertising. But if there is no direct profit being made (selling products, investments,...) it is hard to tell.

In any lawsuit, the defense always is going to ask how is saying that he just lost 5 million in advertising in a week of advertising??!!
And that will be pretty much the end of the lawsuit if this post is one of their proof.

It's like suing one for advertising real estate when he is posting some like:
"Our beautiful 5 million dollar home we bought from Compass just got destroyed by a hurricane" 

Crazy idea came to my mind, what if Drake is partial owner of Stake or have a share in it?

Neah, Stake went through a lot of regulations trying to get licenses in Europe, just hiding behind a company won't work in the process, so if he was indeed a sharholder that would have been discovered. Also, he would have to pay taxes on all that, again, the mass media would have caught wind of that.

[Frankolala]

Even though he lost, Drake would not lose everything, because being a partner means that there is money flowing from the partner, whether the stakes are real money or not, it is clear that Drake always makes posts like this to attract attention, it is not strange. Because it is part of the business, behind them they make a good plan to make many people speculate about their bets.

Yea you're right he wouldn't be losing everything just as you said, for me he's indirectly making stake popular don't we think that this is a kind of publicity, I have seen some people say that may be drake doesn't know how to gamble but I don't agree with them because, the amount can not be used by someone who doesn't know much about either sports bet or normal casino games, i just feel that there's something to this, people may say ge falls to the category of people that gambles with fun, personally i don't think so, your view on this discussion is making sense to me, I concur to it in totality.

Drake is wealthy, he must have spent enough funds in stake before he can benefit from them. He is in partnership with Stake doesn’t mean that he doesn't patronize the casino. He gambles with his funds and in return gains something back, since he is promoting Stake. Maybe, I would say that Drake is a lousy gambler that loves using his bet to show off. I believe there are some gamblers that loses more than Drake but kept their losses secret.

[ajanwalker]

I don't believe this loss is right.
A smart person wouldn't gamble at the same place and lose. At least they would change the company they gamble with. 120 million dollars is not a small amount.
Many people can't earn this amount of money in their lifetime. Even if a person is very rich, they can't easily accept a loss of 120 million dollars.
I think it was a post for advertising purposes.

[alastantiger]

It's not new that Drake is officially partner with stake casino, he has done a lot of posts and some PR for the casino but there is something off about this PR that is not adding up. He showed a screenshot amount worth $120m in only a month and with negative profit. How is that even possible? There is gambling addiction but this is beyond the type of addiction we all know and everyday he keeps doing some PR promotions for them to bring people to the casino.

Is this PR or it's real, how much is he worth to be losing this amount a month to gambling. Some people says this is a back end data and not real money.

It's PR but at the same time passing out a message that gambling isn't something we should be depending upon as a means of making money because what I understand from his post is that, He's making money despite gambling not favouring him. He isn't doing it because he wants to make money but doing it as a fun way of enjoying the games he loves. He's making money from that post that he made because he's giving stake publicity and also getting paid through the social platforms that those post will be made on and the engagement they'll be getting. That amount that he posted might be too much for many of us but to him that isn't much. He can make more than that from his music on the streaming platforms with in that same period which he lost that amount. We all have to be gambling based on our resources that we have to avoid regrets.