Dead Man Wills Winning Wimbledon Bet To Oxfam

Over a decade ago, Britton Nicholas Newlife bet with a bookmaker that Roger Federer would win Wimbledon seven times. The bet was for $2,300 and the odds were 66-1. Newlife died three years ago, but he left his betting ticket to the international charity Oxfam. On Sunday, Federer won his seventh Wimbledon title. Oxfam will receive more than $150,000 in winnings.

Copyright © 2012 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

LINDA WERTHEIMER, HOST:

Our last word in business today is a winning equation.

Now consider this math problem. How much money would you win if you placed a $2,300 bet at 66 to one odds?

RENEE MONTAGNE, HOST:

Over a decade ago, a British man named Nicholas Newlife made that very bet. He put his money on Roger Federer winning seven Wimbledon titles. Newlife died three years ago, but he left his betting ticket to the international charity Oxfam.

WERTHEIMER: Oxfam's Andy Barton admits that as a Brit, he was a bit torn while watching that match on Sunday.

ANDY BARTON: The first time that we've had a British player in the finals for 74 years, so half of me kept instinctively cheering for Andy Murray at critical moments of the match, and then suddenly starting to think, oh my gosh. No, I should be backing Federer because this is going to make such a big difference to Oxfam.

MONTAGNE: Federer did win the match, giving him his seventh Wimbledon title.

BARTON: I was obviously extremely pleased when that happened.

WERTHEIMER: So did you work out the math problem? Newlife's bet paid out more than $150,000 to Oxfam.

MONTAGNE: Oxfam's Barton says the funds will be directed towards the current food crisis in West Africa. And he adds, he still hopes Andy Murray will make a comeback.

That's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.

WERTHEIMER: And I'm Linda Wertheimer.

(SOUNDBITE OF MUSIC)

Copyright © 2012 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.