Crazy as it sounds, there are just people that have nothing better to do with their money than waste it away on a meaningless drag race between an American classic and an Italian thoroughbred. Yep, you read the title right, too: a $400,000 bet to see which car is faster in a quarter-mile run.

Can you say nuts?

Dan Bilzerian owns what’s described as a tuned-up 1965 427 Shelby Cobra and with nothing else better to do, he decided to engage his friend Tom Goldstein to race against the latter’s 2011 Ferrari 458 Italia in a good old fashion quarter-mile drag race. But instead of settling for bragging rights or a Diet Pepsi at the vending machine, the two men decided to raise the stake to the tune of $400,000.

One race. One winner. One $400,000 bet. Unbelievable.

In what will go down as one of the most expensive “friendly” bets we’ve ever seen, the two buddies bring their machines to the Las Vegas Motor Speedway to settle the score and, more importantly, who takes home that ridiculous amount of money.

So, who won? Well, something like this doesn’t deserve a spoiler. Check out the video after the jump and find out.