Drake Pockets $381,000 From Super Bowl Bitcoin Bets


Canadian rapper Aubrey “Drake” Graham made a killing betting on Super Bowl LVI, netting $381,000 in Bitcoin as the L.A. Rams battled back to beat the Cincinnati Bengals 23-20.

Leading up to the big game, Drake made three major bets using Bitcoin holdings, a sum of $1.6 million CAD. In a moneyline wager, he bet $600,000 that the favored Rams would triumph over Cincinnati. That winning bet netted $306,000—about 5.65 BTC at today’s price.

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Drake’s other bets were a little more interesting. According to a post from his Instagram, he placed another $500,000 on Rams wide receiver Odell Beckham Jr. scoring one touchdown throughout the game, and a final $500,000 on the same player netting at least 62.5 receiving yards. 

The result? Beckham actually ended up scoring the game’s first touchdown, easily winning Drake another $575,000. But Beckham was forced from the game because of an injury and didn’t eclipse the receiving yards total.

As it happens, Beckham is also a Bitcoiner. He agreed to receive his entire $4.25 million salary in the cryptocurrency last year, while hosting a $1 million Bitcoin giveaway with CashApp. Though his Super Bowl was cut short, he was able to celebrate with joyful tears following his team’s victory.

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Despite not hitting on his final prop bet, Drake ended Sunday in the black, using a cryptocurrency sports betting site called Stake to facilitate his six-figure wagers. He’s been spotted in Instagram stories making similar bets through the site before, often amounting to millions in CAD.

And Drake wasn’t the only viewer walking away with additional crypto on Sunday night: Coinbase offered $15 in free Bitcoin to new signups—a promotion that proved popular enough to crash Coinbase’s site—and FTX hosted a giveaway of 7.54 BTC  to Twitter followers based on when during the game its ad appeared.

https://decrypt.co/92893/drake-pockets-381000-from-super-bowl-bitcoin-bets

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