When it comes to betting on sports, hip-hop's elite definitely go above and beyond. Putting up as much as five million over a championship game, rappers have at many points taken the wagers a little too far.

Rappers like 50 Cent, Jay Z, Diddy, Birdman and Snoop Dogg reign supreme when it comes to putting up hefty bets and some of the hip-hop heavyweights have even lost out on hundreds of thousands at a period in time.

Above we've compiled a list of hip-hop's most memorable wagers. From 50 Cent betting on Mayweather's reading abilities to Birdman losing five million on the 2012 Superbowl, check out "7 of the Craziest Bets Made by Rappers."