Drake, the world-famous Canadian rapper, has lost $565,000 after betting on Tyson Fury to beat Oleksandr Usyk.

This means it is yet another big-money gambling loss for Drake.

Before the fight, Drake revealed on Instagram that he had gambled $565,000 on Fury to win.

If Fury had won, he would have collected just over $1million.

But Usyk beat Fury by split decision in Saudi Arabia to become the first undisputed heavyweight boxing champion in 24 years.

Usyk has now added Fury’s WBC title to his own WBA, IBF and WBO belts.

Drake previously lost a six-figure sum after Anthony Joshua’s knockout win over Francis Ngannou, and another $700,000 after Dricus Du Plessis beat Sean Strickland at UFC 297.