The popular Canadian rapper Aubrey Drake Graham, better known as Drake, made a $275,000 bitcoin bet on a UFC fight. Unfortunately for him, Jorge Masvidal (his pick for a winner) lost the match.
Betting on The Underdog
Last weekend’s fight between Jorge Masvidal and Colby Covington was the main event of UFC 272. The matchup was extra special as the men are former best friends, roommates and teammates. However, the fighters can’t stand each other now, and many thought this match would be fierce.
It seems like the renowned musician Drake was also intrigued by the fight since he wagered $275,000 in bitcoin on Jorge Masvidal to win.
Although it didn’t result in a knockout, the fight was vicious – as many expected. Covington, however, was significantly better than his opponent in landing 218 strikes, while Masvidal hit him “only” 90 times. The former was in complete control of the battle and all three judges voted in his favour.
It is worth noting that Masvidal was the underdog in the fight as his odds to win were 1 to 3.75. Had he defeated his opponent, Drake would have won over $750,000 worth of bitcoin.
During his press conference after his win, Covington began teasing the Canadian rapper. “Let’s talk about all the money Drake lost tonight,” he said. Covington even urged him to sell some of his albums to make up for losses.
Drake’s BTC Bets Are Not Always Wrong
Nearly a month ago, the singer made a major $1.26 million bet worth of bitcoin on the Super Bowl match between the Los Angeles Rams (LA Rams) and the Cincinnati Bengals.
Specifically, he bet around $472,000 on LA Rams to win the title, around $400,000 on Odell Beckham Jr. (OBJ) to catch a touchdown and $400,000 on the footballer to have over 62.5 yards on reception.
The LA team won by 23-20, bringing Drake over $240,000 worth of bitcoin. In addition, OBJ caught the first touchdown in the match, bringing the rapper an additional $453,000 worth of the leading digital asset.
Unfortunately, the LA Ram star left the game with an injury in the fourth quarter and therefore couldn’t gain more than 62.5 receiving yards, meaning Drake lost that bet.
Still, in the aftermath, the rapper profited $300,000 worth of BTC from his Super Bowl predictions.
