Wednesday 13 December 2017

Charity bet bonanza - if Fed wins

Oxfam will be celebrating if Roger Federer takes the title
Oxfam will be celebrating if Roger Federer takes the title

While the nation hopes to see its first British Wimbledon men's champion in 76 years, one charity could be facing a win-win situation thanks to a bet made nearly a decade ago.

Oxfam is set to collect £101,840 if Roger Federer beats Andy Murray at Centre Court after a punter bequeathed a bet made in 2003 to the charity.

Nick Newlife, from Oxford, bet £1,520 in 2003 that the Swiss tennis legend - who then had just one Wimbledon title to his name - would win seven or more. To date, Federer has six titles.

Bookmakers William Hill offered Mr Newlife, from Oxford, odds of 66/1. But he died in 2009, aged 59, leaving his entire estate - including the bet - to Oxfam.

The charity estimates around 12% of its income is from legacies.

William Hill spokesman Graham Sharpe said: "Mr Newlife told me he had identified Roger Federer as a future serial winner at Wimbledon and wanted to place a 'sizeable' long term wager on him, which we were happy to allow him to do.

"Although Mr Newlife's bet runs until 2019, Oxfam could - if they so wished - now place a substantial bet on Andy Murray upsetting the odds and winning the final, which would guarantee them a hefty payout regardless of whether he or Federer comes out on top.

"This is one of the most remarkable bets we have ever accepted."

The bookmakers has already paid out £16,750 to the charity from another bet placed by Mr Newlife which wagered £250 at 66/1 that Federer would win 14 Grand Slam events.

William Hill is currently giving odds of 13/8 for Murray to lift the trophy, with Federer at 8/15. The bookmaker has previously said Sunday will be the biggest tennis match in its 78-year history and a win by Murray will prompt a £5 million industry payout.

Press Association

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