Canadian rapper Drake is rarely out of the headlines, but his name has most recently been trending on social media because of all the sports bets he has been making. The fact that Drake has been betting on sports is nothing new, but some sources have stated that he has made bets totalling more than $1 billion in the last two months. It has also been widely reported that for last Sunday's Super Bowl LVII game alone he made bets with Stake.com to the tune of $965,000. So how did those bets fare, and what can we learn from this rapper's seemingly fearless approach to sports betting? Read on and find out!
Candian Crypto Betting Sites
Drake Super Bowl Bets and How They Fared
All of Drake's Super Bowl bets were made with Stake.com, which is a crypto casino and sports betting site that he partnered with in 2022. We'll talk more about that partnership, but first, let's dive into Drake Super Bowl bets and how they panned out:
$700,000 on the Kansas City Chiefs to win.
$50,000 on Patrick Mahomes to be the first Chiefs touchdown scorer.
$50,000 on Juju Smith-Schuster to be the first Chiefs touchdown scorer.
$50,000 on the Chiefs winning at both half-time and full-time.
$30,000 on the Chiefs winning each quarter.
$25,000 on Travis Kelce being named MVP.
$60,000 on the MVP being a tight end.
As is often the case, Drake posted his Stake.com betting slips on his Instagram account for his fans to see. He also added a comment, saying: “My psychotic bets for Sunday are in Stake. Please do not analyze the logic behind these bets there is none.”
Had all of Drake's Super Bowl bets been successful, he would have won almost $4 million. As it was, all of his bets lost, with the exception of the one on the Kansas City Chiefs winning the Super Bowl itself. That win paid odds of 2.11, giving the rapper a total return of $1,477,000 for an overall profit of $512,000.
The Stake Connection
The fact that Drake entered into a business partnership with Stake.com in 2022 as a brand ambassador shouldn't be overlooked. He was already a Stake customer when this deal was made, but as an official ambassador, he helped to raise the profile of the company to even greater heights. His sports betting slips are often posted on his Instagram account and he also streams a lot of his casino gaming action on Twitch.
Given this partnership, some have speculated out loud about whether Drake is funding his own bets with the company or whether some other arrangement is in place. Our take on this is that it doesn't really matter. With Drake making his bets public, there are plenty of his fans who will follow his example and make similar bets with Stake, which helps the company and Drake as a partner with it.
Stake.com describes itself as the world's biggest cryptocurrency sportsbook and casino. It was launched in 2017 and provides a plethora of sports betting markets as well as more than 4,000 casino games. We are big fans of this venue, and we also think that there are some definite benefits to using cryptocurrencies such as Bitcoin and Ethereum. Crypto is arguably superior to fiat money as far as privacy and security are concerned. Those who value crypto as a form of investment are naturally drawn to using this currency in daily life.
Needless to say, Drake is almost as big a fan of crypto as he is of betting. And we're not only talking about sports betting. The rapper is also a massive fan of Roulette and has enjoyed some incredibly big wins when playing the game. For example, his Twitch stream on 16 October 2022, showed him winning $12 million on a single spin of the wheel. And that's just one of many notable wins.
An Example Worth Following?
Here at TheCasinoGuide.com we're big advocates of responsible gaming and wonder whether or not Drake is setting a good example for those who might be new to online betting and casino gaming. As the rapper himself admitted, his Super Bowl bets were "psychotic" and there was no logical reason for him to make any of them. This basically meant that he was throwing money on a major sporting event and hoping that some of it would stick to a winner. Fortunately for him, some did, but that isn't an approach to sports betting that most sports fans take if you want to win in the long term.
Putting Drake's sports betting into context, he is a huge star in the music industry who has also enjoyed great success as an actor and businessman. All of that has given him an estimated net worth of around $260 million, so risking close to $1 million of it on a single sporting event might not be quite as reckless as it appears at first glance. It would, in effect, be the same as someone with a net worth of $1 million betting a total of $3,846. That's still a sizeable amount, but it would be affordable given the financial context of the bettor involved.
Even so, we would argue that Drake's approach to betting sets a bad example to those who don't consider such things. In fact, his approach could be much more useful when given as a warning of what not to do!
Bet Sensibly or Not At All
We don't take pleasure in seeing anyone lose money, and so we're thankful that Drake was lucky enough to make a profit last Sunday. However, it really was a matter of luck, not skill, and we don't advocate his betting approach. Always keep in mind to bet responsibly or not at all unless you too have a net worth of $260 million Gambling is meant to be fun and entertaining so make sure you're playing within your means and enjoying yourself!