Drake Admits to Losing $8 Million in Sports Bets After Wagering $750K on RCB

Drake is known for more than just music. The Canadian rapper has made headlines for his high-stakes sporting betting, often attending major events from the NBA to Cricket. His bets have even sparked talk of a “Drake curse”, as teams he supports often loose. But recently, he opened up about the dark side of this habit of his. The ‘God’s Plan’ rapper revealed that he lost around $8 million in just one month. He did not name the exact games, but the incident occurred during the NBA and NHL playoff seasons. One of his most talked-about bets was on Royal Challengers Bangalore during the IPL 2025 final. The team shocked fans by winning the championship after 18 long years. While that bet paid off, it was just one in a series of risky moves. Drake’s story is a reminder that even celebrities with deep pockets can feel the sting of a big loss.

On June 18, the Canadian rapper took to Instagram to reveal the harsh side of his gambling streak. He shared a screenshot of his latest financial losses with the caption, “Gotta share the other side of gambling… Losses are so fried right now.”. According to reports, the rapper has placed nearly $125 million in bets over the past month. One of those was a jaw-dropping $50 million wager just last week. This led to a $5 million loss. He added, “I hope I can post a big win for you all soon, cause I’m the only one that has never seen a max these guys max once a week.” Drake had earlier bet $750,000 on Royal Challengers Bengaluru in a match against Punjab Kings. They won, but it did not balance his losses. Just a few months back, he put $1.25 million on the Toronto Maple Leafs during the NHL playoffs. The team lost badly – and so did the rapper.

Fans joke that Drake’s famous curse has now turned against him. The Toronto rapper embraced the notion, even admitting his flaws as a sports bettor. In a recent promo video for Stake, his current one-year betting partner, he humorously acknowledged that he is not the sharpest when it comes to wagering. He said in the video, “I will not deny that. That’s not my gift. I’ll let everybody roll with it. I’m sure if you’re a Drake curse believer, there will be plenty more content in the future to confirm your theories because my slips do not cash out. But one day I’m gonna have a parlay that’s insane.”

 

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Last month, Drake surprised fans by blaming Justin Bieber for one of his failed bets. He had placed a $1 million bet on the Maple Leafs, and Bieber showed up at the game. The team lost. Drake posted “Bieber Curse” in a story, blaming him for bringing bad luck and losing the game. But despite this, Drake admits he is not the “gambling King”. He openly admits that Michael Jackson beats everyone, calling him the “real-life gambling GOAT (greatest of all time), saying that he has an ability to “gamble on anything”. Drake also said MJ once would not stop betting on him during a ping-pong match; “$10,000, $20,000, again and again.”

Meanwhile, Drake’s confession about his massive gambling losses did not sit well with everyone. Some netizens criticized him for recklessly throwing away millions while many are struggling to get by. The backlash was sharp, with one user mocking him as a “Certified Loser Boy.” Others went further, calling him a gambling addict and questioning his choices. While fans often joke about his betting habits, this time, the reaction was more serious. Many fans called him out for the disconnect from reality.

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