9th Jul 2012 9:16am | By Editor
An obscure bet from beyond the grave won Oxfam over £100,000 on Sunday as Roger Federer clinched his seventh Wimbledon triumph.
The bold bet, by gambler Nick Newlife of Oxford, placed in 2003, predicted that Federer would win seven Wimbledon singles titles by the end of 2019.
When Newlife passed away in 2009, he left the betting slip, along with all of his possessions, to Oxfam, a charity organization to fight global poverty.
Seven years before the cut-off, his £1,520 bet has paid off for Oxfam despite 66/1 odds.
In total, this unlikely bet won the charity £101,840, to be paid out by gambling company William Hill.
Oxfam was worried that the bet might not come through after Federer’s loss at the All England Club last year, a match that prompted many to question if Federer was losing his touch.
However, Sunday’s Wimbledon match left Murray in tears after a score of 4-6, 7-5, 6-3, 6-4.
This is not the only long-term bet from Newlife that has netted Oxfam a lot of money since inheriting his estate. Newlife also bet that Federer would in 14 Grand Slam events, netting Oxfam £16,750 from a bet of £250, also at 66/1 odds.
The Newlife bets and estate are only one of many wills that Oxfam inherits, making up a large portion of their total income.
“Legacies amount to 10 per cent of our total income from individuals, so they’re essential to us, and as this case proves they can come in all shapes and sizes,” said Stuart Fawkes of Oxfam.
Image via Getty.