Canadian rapper Drake places $500,000 bet on Edmonton Oilers to win Stanley Cup

Canadian rap star Drake has placed a $500,000 bet on the Edmonton Oilers to win the Stanley Cup.

Drake posted a screenshot on Wednesday of the bet placed with gambling website Stake on his Instagram account with the caption “Oilers are self-explanatory.”

View image in full screen

He also bet on the Dallas Mavericks to win the NBA title.

If both bets come through, he will get a payout of $2.4 million.

Get breaking National news

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

Sign up for breaking National newsletter Sign Up

By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

Drake often posts screenshots of his big-money bets on Instagram.

He has been hit-and-miss of late. In January, he lost a $700,000 bet on Sean Strickland to defeat Dricus du Plessis at UFC 297 in Toronto.

A month later he pocketed nearly $1.2 million betting on the Kansas City Chiefs to win the Super Bowl.

The Stanley Cup final between the Oilers and the Panthers starts Saturday in Sunrise, Fla.

1:52 Edmonton Oilers Stanley Cup final tickets sell out fast

• Edmonton Oilers Stanley Cup final tickets sell out fast
• Ways to watch the Edmonton Oilers in the Stanley Cup final
• Edmonton Oilers fans bringing out their art
• Edmonton Oilers reach Stanley Cup Final

Previous Video

Next Video