You win some, you lose some.
Man loses bet by staying alive
LONDON (Reuters) - A 91-year-old British man who staked a 500-pound bet that he would be dead by the end of the first week in December lost his stake by staying alive, a bookmaker said Saturday.
Arthur King-Robinson said he put the bet on at odds of 6/1 at the start of the year because his wife would have faced an inheritance tax bill of 3000 pounds had he died in the intervening period.
"I thought I'd heard most things that people want to bet on after 30 years in the business," said Graham Sharpe, spokesman for bookmaker William Hill. "But one asking literally to place a dead cert was unique. I'm glad Arthur has lost."
King-Robinson had feared that his wife Cynthia, 85, would have to sell the home they had lived in for 50 years in southwest England if she had been hit by the tax bill.
"I lost my 500 pounds -- but it gave me peace of mind," he said.
LONDON (Reuters) - A 91-year-old British man who staked a 500-pound bet that he would be dead by the end of the first week in December lost his stake by staying alive, a bookmaker said Saturday.
Arthur King-Robinson said he put the bet on at odds of 6/1 at the start of the year because his wife would have faced an inheritance tax bill of 3000 pounds had he died in the intervening period.
"I thought I'd heard most things that people want to bet on after 30 years in the business," said Graham Sharpe, spokesman for bookmaker William Hill. "But one asking literally to place a dead cert was unique. I'm glad Arthur has lost."
King-Robinson had feared that his wife Cynthia, 85, would have to sell the home they had lived in for 50 years in southwest England if she had been hit by the tax bill.
"I lost my 500 pounds -- but it gave me peace of mind," he said.
posted by littledevilworks at 2:41 PM
2 Comments:
That's the first time I've heard of using the local bookie as a life insurance agent.
This wasn't without calculation, if he died he won his bet & had the money to cover the tax bill.
If he lived the tax past the date the tax bill was written off.
That's 500 quid paid out for peace of mind, but £3000.00 avoided($5309)
You dont get older without getting tricky!
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