Renowned Canadian rapper Drake is known for his bold betting habits, and his recent wager on the Dallas Mavericks to win the NBA Finals is a prime example. He placed a substantial bet of $500,000 in Bitcoin on the Mavericks, hoping to win a significant profit of $1.37 million. However, his expectations were dashed when the Boston Celtics secured their 18th championship with a decisive 4-1 series victory over the Mavericks.

Drake's affinity for high-stakes betting is well-documented, and he has been leveraging his partnered betting platform, Stake, to place his bets. Although he has enjoyed profitable returns from some bets, he has also incurred notable losses. The recent loss of $500,000 in Bitcoin on the NBA Finals is a significant setback, adding to his history of losses in other sporting events. Earlier this year, he lost $565,000 on the Fury vs. Usyk fight, and in 2022, he lost over $230,000 in BTC on Formula One driver Charles Leclerc at the Spanish Grand Prix and more than $200,000 on Jorge Masvidal in a UFC match against Colby Covington.

Despite these losses, Drake has also achieved significant betting successes. His 2022 wagers on the NFL Finals earned him over $2 million. His betting habits have become a topic of interest, with many fans and observers following his moves. The recent loss on the NBA Finals has sparked discussions about the risks and rewards of high-stakes betting, particularly in the cryptocurrency space.

Drake's betting activities have also led to the coining of the phrase "the Drake curse," which suggests that teams and athletes he bets on tend to lose. While this may be a coincidence, it has become a popular narrative among sports enthusiasts. His recent loss on the NBA Finals has added fuel to this narrative, with many wondering if his betting activities will continue to influence the outcomes of sporting events.

In addition to his NBA Finals bet, Drake also placed another substantial bet of $500,000 in Bitcoin on the Edmonton Oilers to win the NHL Stanley Cup Finals. This bet has yet to be settled, and the outcome remains uncertain. If the Oilers win, Drake stands to gain a profit of over $500,000 in Bitcoin. However, if they lose, he will incur another significant loss, adding to his recent setbacks. The outcome of this bet will be closely watched, given the high stakes and Drake's history of betting activities.