To be honest I don't believe in Drake's bets very much. They don't explain it in the article but if the bet has been taken on Stake I don't think it's his own money. IMO I think it could be a promotional bet to be honest. Even rich people don't waste their money stupidly.
This is also my thinking, maybe this is just part of promotional campaign with Stake but if Drake really loss the money because of over confident bet, then its his fault and we all know betting can also be risky especially if you complicate your bet just to win more. Logan did a great job at first, unfortunately he didn’t win via knock out, well at least he still won and got lucky for staying alive.
We can't deny how he has also made some money back then on some UFC matches. It could be stake doing there thing or it could be real game but I think that Drake is big enough to bet this kind of amount. My only fear is that if he continues this way, he will definitely go broke in 2-3 years time.
What if that match was rigged not to favor Logan, because for him to publicly display that, it will cause lots of havoc and maybe more people wanting Drake to lose instead of winning that match.
Drake is very popular I must say, I nearly place a bet with his predictions before that match because I was like if drake can bet this type of money with so much confidence, what is stopping you from reciprocating what he did, I wanted to bet that game badly but something stopped me which I'm glad I did, this is the influence of public icon.