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Colby Covington mocks Drake for losing $275k bet on Jorge Masvidal

The rap superstar bet over a quarter of a million dollars worth of Bitcoin on Jorge Masvidal winning at UFC 272, which ... did not work out.

UFC 268 Press Conference Photo by Jeff Bottari/Zuffa LLC

When it comes to popularity contests, there’s no question that Jorge Masvidal beats Colby Covington hands down. In the cage? Well, bookies expressed their doubt in Masvidal’s ability to handle Covington’s wrestling at UFC 272 by making “Gamebred” a +250 dog to “Chaos,” who was a -300 favorite.

Masvidal’s odds of winning via decision? A whopping +1000.

That’s not to say Masvidal didn’t have his paths to victory. The man has the power to baptize opponents, and came close to taking out Covington in the fourth round with a mean counter (watch highlights here). But, close only counts with horseshoes and hand grenades ... not betting slips. That’s something rap icon Drake may be ruminating on this morning after placing a $250,000 bet (in Bitcoin) on Masvidal to win.

You can watch that folly unfold via the magic of social media:

We all know what happened next: Masvidal did not win. Covington took the fight via unanimous decision — 50-44, 50-45 and 49-46 on the judges’ scorecards. And “Chaos” made sure to rub the win in Drake’s face at the post-fight press conference (watch it here).

“Let’s talk about all the money Drake lost tonight,” Covington said with a smile. “He needs to go back to selling those s—ty albums to make back the money. He should have went to America’s Pick of the Week by my bookie. I tried to give the people the pick of the week. I was America’s champ and I was America’s pick of the week. Drake, you suck at sports betting. Go back to your s—ty little albums and rapping.”

Fortunately for Drake, he recently won over $375,000 betting $1.3 million on Super Bowl 51, so we doubt he’s hurting too much. That was another wager made in Bitcoin, and we must wonder how much the Bitcoin sportsbook he’s using pays him for all these high profile betting video clips.

See, that’s how you make the big bucks: by winning even when you lose. Covington, on the other hand, may have lost even though he won: he says he accepted the headlining slot against Masvidal at UFC 272 even though he wasn’t getting a cut of the PPV profits. If that’s true and UFC didn’t butter his bread an inch thick in some other way, Covington lost out on way more than a measly $275,000.

And he doesn’t have a rap career to fall back on.

For complete UFC 272 results and coverage click here.

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