Drake loses huge $355k bet as Jake Paul beats Mike Tyson and continues horrendous losing streak

Canadian rapper Drake, 38, was assured Mike Tyson would bushed Jake Paul successful their combat successful Texas and could person won much than $1million - but instead, helium mislaid $355,000

Drake has mislaid a immense $355,000 (£281,440) stake aft Jake Paul defeated Mike Tyson during their arguable combat successful Texas.

The Canadian rapper posted his stake online, showing helium was assured Tyson, 58, would bushed Paul, 27. The likelihood for a Tyson triumph were astatine 2.85 astatine the clip of Drake's bet, meaning the could person won a monolithic $1,011,750 (£802,116), making a nett of $656,750 (£520,672).

But the 38-year-old singer, whose existent sanction is Aubrey Drake Graham, mislaid the stake aft Paul was announced arsenic the victor of the fight, which was shown unrecorded connected Netflix. Drake antecedently mislaid different immense bets, including erstwhile helium enactment down $1million (£790,000) for Argentina to bushed France wrong 90 minutes astatine the 2022 World Cup last - which Argentina won during other time.

Last year, Drake besides mislaid different monolithic stake erstwhile helium dropped $1.2million (£950,000) connected boxer Paul to decision Tommy Fury. Earlier this year, Drake enactment down $565,000 (£448,000) to backmost Tyson Fury successful his heavyweight bout with Oleksandr Usyk - but helium mislaid that too. However, 1 of the bets the rapper shared with his followers connected Instagram saw him triumph $425,000 (£336,780) erstwhile Alex Poatan bushed UFC rival Jamahal Hill connected April 13.

While Drake often shares his monolithic bets online, helium is besides a paid endorser of betting website Stake, which was co-founded by Australian billionaire Ed Crave. Being an endorser of the crypto-only casino means Drake is not apt to usage his ain wealth for the bets helium posts online.

Stake - which is banned successful the UK - allows players to usage cryptocurrencies including Bitcoin, Ethereum, and Dogecoin arsenic assets for online gambling and for placing sports bets. The institution operates nether the jurisdiction of the Caribbean land federation of Curaçao.

And Drake wasn't the lone high-profile fig who mislaid a stake aft Friday's night, arsenic Irish nonrecreational boxer, businessman and histrion Conor McGregor besides saw his $1million treble stake going down the drain aft Tyson's loss. McGregor seemed assured that Tyson would triumph arsenic helium tweeted: "My 2 combat bets this weekend! Tyson KO, Jones Stoppage. $1million treble on." McGregor appears to person since deleted the post.

After past night's fight, Paul said of Tyson: "Mike Tyson, he's a legend. He's the top to ever bash it. I look up to him and we wouldn't beryllium present contiguous without him. This antheral is an icon and it's an honour to combat him. It was pugnacious similar I expected it to be."

Tyson added: "I'm not amazed (it went the distance). I knew helium was a bully fighter, I came prepared. I didn't beryllium thing to anybody, lone to myself. I'm conscionable blessed with what I tin do."

The combat was shown unrecorded connected Netflix, with the streaming level farcically crashing aggregate times before, during and aft the undercard and the main event - portion thousands of those successful attendance astatine the location of the Dallas Cowboys walked retired without knowing who had won.

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