Drake Lost $234K in BTC on the F1 Spanish GP

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The Cana­di­an rap star – Aubrey Drake Gra­ham (bet­ter known as Drake) – placed a $234,000 worth of bit­coin bet on Ferrari’s dri­ver Charles Leclerc to win the Span­ish Grand Prix. Unfor­tu­nate­ly for him, the win­ner of the race was Red Bull’s pilot Max Verstappen.

Drake’s First F1-Bitcoin Bet

The artist took it to Insta­gram to show his 110 mil­lion fol­low­ers that he wagered CA$300,000 ($234,000) worth of bit­coin on Ferrari’s best per­form­ing dri­ver – Charles Leclerc – to fin­ish first in Spain’s Grand Prix 2022. This was Drake’s first For­mu­la 1 bet, and he made it on the cryp­to gam­bling plat­form – Stake.

Drake's bet
Drake’s BTC bet, Source: Instagram

The 24-year-old rac­er had a com­fort­able lead dur­ing the first part of the com­pe­ti­tion and looked like he could secure a vic­to­ry and bring the rap­per a prof­it of around $350,000 worth of the pri­ma­ry cryptocurrency.

How­ev­er, the ris­ing tem­per­a­tures in Barcelona caused huge prob­lems for Leclerc as his engine gave way on lap 27. His main com­peti­tor from Red Bull’s team Max Ver­stap­pen – who seemed to have picked a bet­ter strat­e­gy and the appro­pri­ate tires for the weath­er con­di­tions – took the lead and won Spain’s GP.

It is worth not­ing that Drake is a close friend to the sev­en-time world cham­pi­on – Lewis Hamil­ton – who fin­ished the race in fifth place. Despite their friend­ship, the rap­per did not reveal whether he bet some cryp­to on him.

Drake’s Previous BTC Bets

The musi­cian is not a new­bie when speak­ing of sports bet­ting. In Feb­ru­ary, he 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. He wagered $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 team from Los Ange­les won by 23–20, bring­ing Drake a prof­it of $240,000 worth of BTC. His sec­ond bet was also suc­cess­ful since the super­star OBJ caught the first touch­down in the match, grant­i­ng the rap­per an addi­tion­al $453,000 worth of the lead­ing dig­i­tal asset.

Unfor­tu­nate­ly, the foot­baller could not gain over 62.5 receiv­ing yards due to an injury, and Drake lost his last prediction.

A few weeks lat­er, the rap­per tried his luck in a UFC fight. He bet $275,000 worth of bit­coin that Jorge Masvi­dal would secure a vic­to­ry ver­sus Col­by Cov­ing­ton. The fight­ers had a fierce fight but, unluck­i­ly to Drake, Cov­ing­ton was the undis­put­ed win­ner after the end of the last round.

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