Rapper Drake lost $850,000 on Logan Paul's fight with Dillon Danis - despite backing the right man to win. Paul took on Danis over six rounds last night alongside KSI's defeat by Tommy Fury in Manchester. Paul dominated the first five rounds before Danis was disqualified in the final session for attempting to choke out his rival. Paul was declared the winner - but not by knock out as Drake had predicted. The rapper, who is seen as something of a curse given his poor gambling record, had staked $850,000 (£700,000) on Paul to win by stoppage and would have collected $1.3million (£1m) had he been successful.
https://www.mirror.co.uk/sport/boxing/drake-logan-paul-danis-bet-31194541The Drake's Curse.
He lost on the right man. We have experienced losses but not as bad as this...this is just terrible.
What do the gambling folks have to say about this?
There's no need to exaggerate the defeat because that amount is very large for most people, but not for Drake, who has a net worth much bigger than that, and the defeat he experienced is like he is giving a small portion of what he has earned from gambling sites that use his services as brand ambassadors.
Losing when we feel we have chosen the right man is normal in betting because even though we bet at odds of 1.01 the chances of winning and losing are 50:50 because anything can happen and it is out of our control as bettors.
So Drake certainly knows the risks, that's why he only bets a small amount for the size of his ability, and if I'm not mistaken, he also lost another bet some time ago with an amount that was not much different.