Sunday 21 January 2018

Charity hopes for betting boost

Oxfam could stand to gain more than £300,000 from a series of sporting bets left to it in a will
Oxfam could stand to gain more than £300,000 from a series of sporting bets left to it in a will

A charity could stand to gain more than £300,000 from a series of sporting bets left to it in a will.

Oxfam supporter Nicholas Newlife died at the age of 69 a year ago, leaving his entire estate - including a set of outstanding bets - to the charity.

Now they could benefit from more than a third of a million pounds if the bets are successful, including a £100,000 payout if Roger Federer wins Wimbledon this year.

The tennis star has already won £16,750 for Oxfam, claimed this month. Mr Newlife, of Kidlington, Oxford, had placed a £250 bet at odds of 66/1 that Federer would win at least 14 Grand Slam titles before 2020.

Now if he wins Wimbledon in June, a £1,520 bet placed by Mr Newlife that he would win the men's singles tournament at least seven times before 2020 could be claimed, winning £101,840.

Graham Sharpe, of bookmakers William Hill, with whom the bets were all placed between 2000 and 2005, said: "Mr Newlife was clearly a very shrewd sporting gambler whose early identification of potential superstars won tens of thousands of pounds for himself while he was still alive.

"But to ensure that a respected charity would benefit from any bets which came to fruition after his death makes him unprecedented in my 30-year experience of the betting industry."

The other bets concern fellow tennis player Andy Roddick and cricketer Ramnaresh Sarwan.

Press Association

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