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No Betfred payout on Olympic gymnast bet

28/8/2012
Bookmakers Betfred have refused to pay out on an Olympic medal bet worth £1,000.

The grandmother of Team GB gymnast Sam Oldham placed a £5 wager at odds of 200/1 that her grandson would claim a medal at London 2012, but has been denied her winnings because the bronze he collected was in a team rather than an individual event.

Britain’s gymnasts weren’t expected to finish in the upper standings of the event but Oldham, along with Kristian Thomas, Max Whitlock, Louis Smith and Daniel Purvis, secured an excellent third-place finish.

Linda Aldred, who had made the bet in memory of her late husband Eric, went to a Betfred shop to collect her money but was “stunned” when she was told the bet was void.

The 66-year-old said: "I am really happy Sam won, it is more the principle than the money, but I could have used the winnings to pay for my ticket to see Sam at the 2016 Olympics in Rio."

Aldred has lodged an official complaint with the Independent Betting Adjudication Service (IBAS), who are now looking into the case.

A Betfred spokesman said: "We are currently in discussion with IBAS and we hope to come to a satisfactory conclusion for all concerned."
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