Oxfam wins $157,750 thanks to ten-year-old bet on Federer

The Oxfam charity organisation has won some big bucks on the back of Roger Federer's Wimbledon triumph on Sunday.

AFP reported that tennis lover Nick Newlife, from Oxford, southern England, placed a bet of £1,520 at odds of 66 to 1 almost ten years ago with bookmakers William Hill, on Federer winning seven or more Wimbledon titles.

Federer's win was eagerly watched by Oxfam

But Newlife died in 2009 and left his entire estate -- including the 2003 betting slip -- to Oxfam.

Despite most of Britain rooting for Murray, who was bidding to become the first British Wimbledon men's champion for 76 years, Oxfam said its staff were backing the Swiss tennis star in the hope of securing the giant windfall.

Oxfam says it already claimed 16,750 pounds in 2009 when Federer won his 14th Grand Slam title at the French Open.

Cathy Ferrier, fundraising and supporter marketing director at Oxfam, told The Guardian that they were grateful and the gift would help thousands around the world.

Updated Date: Jul 10, 2012 11:20 AM

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