Drake took a financial hit when his high-stakes bet on Mike Tyson to defeat Jake Paul fell through, despite Paul’s strong odds.
On a thrilling Friday night, Drake found himself on the losing end of a daring gamble. He had confidently wagered $355K on boxing legend Mike Tyson to defeat YouTube sensation Jake Paul. However, the odds favored Paul, offering Drake a potential million-dollar win if Tyson emerged victorious.
In the end, it was Jake Paul who came out on top by a unanimous decision after an intense eight rounds. Consequently, Drake’s ambitious bet did not pay off, leaving him without the anticipated windfall. So far, the rapper has remained silent about this costly defeat.
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In another audacious move, Drake placed an additional six-figure bet on the upcoming UFC bout between Jon Jones and Stipe Miocic, scheduled for the Saturday following the Tyson-Paul match. Betting $450K for Jones to win by knockout, Drake stood poised to more than double his money if his prediction came true.
This isn’t the first time Drake’s betting ventures have led to substantial losses. In 2023, his stake in a Logan Paul fight resulted in a near million-dollar shortfall. He had placed his hopes on Logan Paul defeating Dillon Danis in Manchester, a fight that concluded in a disqualification rather than a knockout, leading to another betting misstep for Drake.
Drake’s fascination with betting has seen him repeatedly place large sums in the ring and the octagon, often with mixed results. His betting platform of choice, in which he holds a stake, has reportedly processed nearly a billion dollars in his virtual gambling since 2021. This habit highlights his penchant for high-risk, high-reward scenarios within the sports betting world.
In the unpredictable world of sports betting, Drake’s bold move serves as a reminder of the risks involved, even for seasoned bettors.
