The Bitcoin Drake Lost After UFC Fighter Masvidal Got Defeated

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 match was extra special since the men are former best friends, roommates, and teammates. However, the fighters cannot stand each other now, and many believed that 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.

Drake appears to have placed a large wager on Jorge Masvidal at #UFC272 💰 pic.twitter.com/OuUTOreDGj

— MMAFighting.com (@MMAFighting) March 6, 2022

Despite not resulting in a knockout, the fight was vicious – as many expected. Covington, though, was significantly better than his opponent landing 218 strikes on him, while Masvidal hit him “only” 90 times. The former was in full control of the battle, and all three judges voted in his favor.

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 victory, Covington started teasing the Canadian rapper. “Let’s talk about all the money that Drake lost tonight,” he said. Covington even urged him to sell some of his albums to restore the 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 wagered around $472,000 on LA Rams to win the title, about $400,000 on Odell Beckham Jr. (OBJ) to catch a touchdown, and $400,000 on the footballer to have over 62.5 receiving yards.

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.

Sadly, the LA Ram’s star left the game with an injury in the fourth quarter and thus could not gain over 62.5 receiving yards, meaning that Drake lost this bet.

Still, in the aftermath, the rapper profited $300,000 worth of BTC from his Super Bowl predictions.