Topic: Drake did it again! Another huge losing bet... (Read 1120 times)

For sure, there's a lot of very wealthy people whom gamble amounts like this all the time, they just aren't as public about it.  Of course you've also got a lot of very rich/wealthy and famous people whom like to show off how much they are betting just like Drake, and he's got a heck of a lot of money, but there are certainly others with much  more money whom are doing it "in the dark" so to speak.  Which I would prefer personally, no one needs to know your business.

As others have said, he works with Stake as brand ambassador so it make sense for him to really gamble a lot using that platform. I even watch his stream with other gamblers as well other Stake. Like betting on roulette and with a huge bet on a single roll.

Not sure though if he can continue with this kind of gambling. We've heard another artist in Bruno Mars also losing big amount in Vegas, although not sure if this is true or not. Nevertheless, everyone can really be a victim here, regardless if you are rich or not just the rest of us.

Drake isn't the only gambler that lose huge amounts of money in gambling, there are a lot of people who actually lose more than this but they don't get posted on social media because they are not famous. Gambling is for everyone but only people with fat pockets can bare huge losses. Drake is one of the biggest artistes in the world, his songs has a lot of streams and his videos has a lot of views, whatever he loses in gambling can be recovered in a day from the money he makes from music, this is why he has so much confidence to wrecklessly throw money away.

I would say that those losses that Drake had is a collaboration with Stake. I doubt that he has sort of a referral program with Stake, or stake give him money to gamble, or his bets are fake. He is using stake audience and stake as a brand to promote himself. Even if he has lost 500k, it is an investment in himself. Look on this as following: he has paid 500k, to promote himself on an audience with 166 unique visits. Add to this social media, internet, talks and etc. And it cost him only 500k. Paid 500k, and got his advertisement running in the whole world for months I think it aint much.

I am a bit lazy to do calculations and give super detailed info, but my signature campaign spends roughly 10k per week to advertise on the forum. That is 40k per month. And the area of audience is strongly limited with forum. But Drake advertise himself on the audience of the whole world for 500k per month (since this topic is month old).

Yeah, I think so too. Drake is not a reckless gambler, like some people think of him seeing his huge losses from betting. What they should be doing is taking into account everything. A rational person like Drake even during his gambling will be thinking, how it will affect his popularity.


Yes, but what's the answer to the question? Was Drake given the money for betting or he wasn't? I personally think he was betting with his own money.


It's a nice theory, but do you have any proof of what you're saying?

Even if he is in a deal with stake, I doubt all of his losses can be explained this way, after all it is not as if stake contacted him and only once that agreement was made he began to post that kind of content, Drake was a known gambler before his partnership, which tells me that at least some of those losses are his own, and while he can absorb those losses now, if he continues down this path it would not surprise me if at some point he found himself facing some money problems, as his ability to generate money through music decreases.

A lot of times they might but in the case of Drake he is a known gambling degenerate.  Maybe some of these are paid for adverts but my guess is these are all his loses.  He will tell ypu about all his wins too and the dude has endless money.  Not that I'd miss it all away betting but to each their own.  This guy can blow millions and will make little to no impact on his life.

More often than not, celebrities thar actively promote bets made on a specific platform don't actually use their own money to place those bets. What often happens is that the platform will bankroll them and if they lose, it goes back to the platform. If they win, then there they get paid out or get a % out of it. It's a win-win situation because the bookmarker will get plenty of hits and leads from the Drake PR which may turn into more actively playing customers. I know a couple of my normie friends that aren't crypto native but play at stake after seeing Drake play there multiple times since they see Drake participation as an endorsement or vouching of some sort.

Also, Drake is an official partner of Stake: https://stake.com/drake

There is one thing American celebrities do must of the time that burst my head. People are quick to judge their networth with what they see and that's why when they are asked where they are been interviewed about their wealth, they don't say the exact amount because they are always afraid of IRS, they are afraid of tax because some of them has money somewhere and they are probably not paying tax and will avoid it as long as that money isn't seen, so I'm not sure with that networth, drake might be worth more than those figures.

What his followers that live gambling need to understand that because you are fan doesn't mean you have to follow what a celebrity do. He has his life outside music and he can live it the way he likes and he is not concerned what you do after that. If they are losing $100k in a bet, that's because they can afford it, there is no need to be copying a rich lifestyle of another person. If they go high on stake, go low and that's the best way you can avoid loss even though you might not maximize winning.

At this point I don't even know to say he's been really unfortunate with gambling or I will say he's just been having funa nd it's something that shouldn't really bother anyone because hes wealthy and gas got other sources of income from which he can recover all that he's lost to gambling in this period  because after awhile, he comes back to playing with an amount sometimes even huge than that which he did played in the previous stake. Sometimes I feel since his stakes are usually so hue and the biggest around the times he made the stake, it's possible the results are influenced so they make money from the stakes because even other small gamblers would want to make the same pick as drake so they win if he win because they believe him making such hughe stake comes with some levels of certainties and the casino Amy now capitalize on such to take advantage of it.

One thing I will like us all to understand is that despite if the tweet Drake posted about his lost bet was either true or a lie, let's not forget that no matter whatever we say here won't stop the majority of people online not to believe that it's true. Hence, what I think we should focus on is the lessons we learnt from this his gambling style and choice of amount, because according to online research, I was made to understand that has a network of $250 million, which means if he could have bet ans lost $500k, that's 0.2% lost of his net worth, which means as gamblers, if we must gamble, it will be wise if we gamble not more than 0.2% of our net worth, to avoid losing it all. Since gambling is a game of luck.

Very funny one, maybe we would have a platform whereby drake shows us his stakes before the match, so we make some real cash in the process. Drake curse has turned to entertainment for people as we all look out for the constant news of his losing bets.


If you're still believing these drake bets are real, then I think I should bring some details to your notice. Drake is one of the official partners of stake.com and all these his escapades are in a bit to promote the casino. I have stopped believing that his games were placed with actual money. In my own understanding, those games are just some designs to lure more customers to the casino, its a good advertising strategy for stake.

Look closely at those his bets and you'll observe that the slip ID's are always hidden, so you can never confirm if the bets were actually placed or not. For me. those bets are fake because it lacks substances of confirmation

I don't know why you decided to make the last line of your statement a conclusion - even before anyone was able to answer your question ... Do you really think stake.com, as a renowned casino would sponsor him on a free bet as a means to promote their casino? If it's an advertisement plan, I suppose they'd run a promotion as usual.

Drake's worth more than $250 million no cap and, if y'all are making your analysis based off of the fact that he's worth just $250 million, then y'all just underrating Drake and his personality.
Certainly, it would.

Drake works exclusively with Stake.

Any other casino/gambling endorsements you see with his name are either AI generated fakes or done by dodgy and low reputational casinos without the knowledge of Drake.

I think Drake is working with a casino and might actually be putting up a charade. I saw him in ads belonging to a popular casino and that changed my view on his stories of loss. Initially I thought he was losing those funds and because he is rich, I felt that was small money for him. But appearing in the ads of a casino means he might be getting the money back as payment for his promotion of the casino. It is important that we don't get distracted or frightened by the case of Drake, and focus on winning and not dwell in the fear of losses such as he incurred.

It's indeed worrying if Drake is losing 10% of his assets, but $200k to $500k is not worrying for him. Drake would not have accumulated that huge asset if he did not have a financial adviser or a road manager who deals with his  concerts and promotions. Drake's only betting on Stake.com makes us think that he is representing Stake.com as he is not known to bet on other gambling platforms.

As long as Drake is a popular rapper with a lot of promotion and what he is losing is not something that will harm his income, I think he is still good, I just hope the next news is Drake winning millions to even up the publicity of losing.

In addition to his $250 millions, he is earning all the time. At least with music royalties. So even if he looses $500k in a month, his monthly total can still be a positive number. If Drake was really a reckless and stupid person, he would not be what he is today. I am sure that he realizes how much he can afford to bet and to lose. Even if he is loosing huge amounts, he is promoting himself like that, and on a distance of life, he will still be a winner. Consider those $500k lost as investment in popularity.

Exactly! Drake has a net worth of $250 million. Think of it. Can he afford losing one or two million? Absolutely. He's a smart and careful guy, has always been, as you said it. And with his gambling he acts accordingly. Some addicted gamblers enjoy such news as "Drake did it again! He lost 500K USD!" because it's like an excuse for their addiction. They think to themselves: "Even Drake is like me. He too loses huge amounts to gambling". He's not like you, you loser! Do you have $250 million in your possession?

It's good if you like Drake because of his music and not because of his betting carrier. We must knows how to act with our idol and not follows them if they doing something not right. If Drake like to place a bet, we don't have to do the same thing but we can do other things that will not gives us big risks.

I agree that we must be responsible with our gambling so we don't loses too much money like Drake, especially we don't have much money like him. Drake can bet with a big money because he is a rich person who can use much money to playing gambling. He is one of lucky person who can have a good career and make a lot of money. Nothing is perfect in this life so we see the bad side of Drake and we must stay away from that and not lets us playing gambling using too much money.

That's why we must responsible with ourselves and not lets us gets a big risks. We don't have to face a big risks and don't have to copying other people habit because we are different than them. We can do what other people do but we must careful to prevents the risks that can occurs so we can do it with wise.

Maybe that money is from his additional income so he doesn't have a problem to use that money to place a big bet. The sponsored money for him will be bigger than we can thought, especially he is one of famous people. We only knows that he like to place a bet with a big money and that will be up to him because he have the money and can use that money for anything he wants. We must not follow him to place a big bet because we are different and don't have that big money so we must playing gambling with moderation to prevents the big lose.

Since I have been following his music career right when he was in YMCMB, he has always been that extra careful guy, he give toy the community in an open way but I'm not sure if he still do that or he doesn't like to show that again, but the fact that he has chosen to let people know about his gambling style, the he definitely knows what he is doing, he wouldn't be gambling recklessly openly and allow his lifestyle to go down. What if what we are seeing is what he can afford to lose.

We all have our the minimum we can lose, if he bet $20m dollars, I feel that's what he want to lose. What if he is even gambling lowkey and there are many amount of money he has won. I know some guys that gamble and share their codes on social media but what they do offline is stake another game and win them lowkey without telling anyone. The public will think they are winning but every money they stake will always be recovered from other games.