Drake’s $1 Million Crypto Bet at Risk: Oilers and Mavericks Trail 3-0 in NHL and NBA Finals

Drake’s $1 Million Crypto Bet on Oilers and Mavericks at Risk as Both Teams Trail 3-0

Canadian singer Drake is on the verge of losing $1 million in bitcoin after placing two separate $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective NHL and NBA finals.

Drake made the bets on the crypto casino platform Stake, using bitcoin (BTC). He shared his betting slips on Instagram, with the message: “Dallas cause I’m a Texan. Oilers are self explanatory. Picks in are @stake.” Drake has had a partnership with Stake since 2022, describing the deal as “inevitable.” Stake generated $2.6 billion in revenue that same year.

The Oilers suffered their third consecutive defeat against the Florida Panthers in the NHL championship on Thursday, while the Mavericks are down 3-0 in their NBA series after losing three games in a row to the Boston Celtics. Both championships are best-of-seven series, meaning the first team to win four games advances.

If the Oilers and Mavericks had won their series, Drake would have stood to win $1.025 million and $1.375 million, respectively. Historically, no NBA team has ever come back to win a series after trailing 3-0.

The fate of Drake’s bets will soon be known, with game 4 of the NBA Finals scheduled for Friday and the Oilers’ next game on Saturday. Both teams must avoid defeat to extend their series.

This isn’t Drake’s first major loss betting with bitcoin. In March, he placed a $615,000 bet on Francis Ngannou to beat Anthony Joshua in a boxing match. Joshua won by knockout in the second round.