Betfred backs out of medal wager winnings agreement
Linda Aldred placed £5 on a 200/1 long shot in late July that her grandson would earn a medal during the London 2012 Olympic Games.
After he was awarded bronze in the team gymnastics event Befred decided the bet was void as the medal was for a team event, not an individual event.
Aldred’s late husband Eric loved to bet, and in his honor Linda decided to place a wager on her grandson, Sam Oldham, to earn a medal in the London Olympics. She was taken aback when he did in fact receive a bronze medal for gymnastics, the first for Britain in 100 years.
Upon traveling to the Betfred office to collect her £1000 in winnings, she was informed she did not win as the medal was part of a team event. The news came as a shock and she recalled the day of placing the wager, “We had never been in a betting shop before. The bet was for Sam to win any medal. As I walked out I said ‘this one is for Eric’ but I considered the bet already lost.”
Citing the principle more than the money, Aldred has filed a formal complaint with The Independent Betting Adjudication Service (IBAS) in hopes that the bookies will change their stance on the wager.