Jay-Z’s Massive NBA Finals Bet Is In Jeopardy

BY Caroline Fisher 2.6K Views
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Jay-Z NBA Finals Bet Sports News
Nov 30, 2022; Brooklyn, New York, USA; American rapper and producer Jay-Z sits courtside during the fourth quarter between the Brooklyn Nets and the Washington Wizards at Barclays Center. Brad Penner / USA TODAY NETWORK via Imagn Images
Recently, Jay-Z wagered a whopping $1 million on the Oklahoma City Thunder to beat the Indiana Pacers in exactly five games.

According to an Instagram post by Roc Nation, Jay-Z has wagered a whopping $1 million on the Oklahoma City Thunder to beat the Indiana Pacers in exactly five games in the NBA Finals. If they manage to defeat the Pacers in five games, the music mogul would collect a staggering $3.3 million, per Billboard. This would be a $2.3 million profit on the +230 odds.

Game 1 took place yesterday, and unfortunately, things aren't looking good for Hov. The Pacers beat the Thunder 111-110, meaning the Thunder would have to win the next four games in a row in order for Jay-Z to win his bet. Historically speaking, the odds aren't in his favor. According to Sports Illustrated, teams that win Game 1 of the NBA Finals win the series 70.5% of the time.

Social media users are weighing in on the bet in Roc Nation's comments section. "This is the equivalent of me betting $5 😂," one commenter jokes. "What’s a couple dollars to him," another says.

Jay-Z Siblings

Fortunately for Jay-Z, while he made lose some serious cash in the coming days, he still has plenty to celebrate. His wife Beyonce, for example, is currently on her epic "Cowboy Carter" tour, which smashed records as soon as it kicked off in April.

The multi-hyphenate performed a series of five shows at SoFi Stadium in Los Angeles, grossing an incredibly impressive $55.7 million. She now holds the record for the highest-grossing single-venue engagement by a female artist in history. She also broke the record for most shows played by an artist at SoFi Stadium.

Earlier this week, Jay-Z was spotted cheering her on at her show in New Jersey, and he didn't do so alone. Photos of him alongside his three siblings Michelle, Andrea, and Eric Carter backstage later surfaced online. They all appeared to be in good spirits as they supported the songstress.

About The Author
Caroline Fisher is a News Writer at HotNewHipHop from Chicago, Illinois. She started at HNHH this year, and has since spent her time writing about all that is newsworthy in the world of hip-hop. With a drive for hunting down the hottest stories, she enjoys documenting new developments in culture and entertainment. She also has an appreciation for hip-hop and seeks to cover the most important trends and shifts. She has a Bachelor of Arts which she received at the University of Illinois at Chicago. Having graduated in 2022, she majored in English with a concentration in Media, Rhetoric and Cultural Studies. Specializing all things music, pop culture and entertainment, some of her favorite musical artists include Snoop Dogg, OutKast, and Nicki Minaj. When she’s not writing about music she’s also a fan of attending shows, watching the latest movies, staying up-to-date with current events, photography, and poetry.

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