Sam Oldham Granny Gets Shafted by Bookie Refuses to Honor Olympic Bet

Written by:
Jagajeet Chiba
Published on:
Sam Oldham Granny Gets Shafted by  Bookie Refuses to Honor Olympic

British bookmaker has refused to pay out on a 200/1 bet placed by Olympian San Oldham’s grandmother that he would win a medal at this year’s London Olympics.  Oldham ended up winning a gymnastic team bronze medal representing Great Britain.  The win was considered a major upset and the first in gymnastics for England in 100 years.    

66-year-old Linda Aldred placed the £5 bet at odds of 200/1 just prior to the start of the London Olympics, claiming it was in loving memory of her husband Eric, Oldham's grandfather, who died in 2006 and "loved a bet".

When Ms. Aldred attempted to collect her £1,000, she was advised by that the bet was actually for an individual medal, not a team medal.

Aldred said: "I went back to the shop and I asked if my bet was finished and they said it was and the bet was void as Sam had won the medal as part of a team not as an individual. I was stunned."

She added: "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."

Oldham’s grandma has now filed a complaint with the Independent Betting Adjudication Service (IBAS) in hopes that will honor her wager.    

A spokesman for IBAS said they could not comment on individual cases but said: "We have been handling a number of bets relating to athletics and the Olympics and they will be dealt with through the normal procedures."

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

- Jagajeet Chiba,

Gambling News

DC Sports Betting Bill Introduced

Washington, DC Councilmember Jack Evan’s newly introduced bill would legalize sports betting while also placing regulations.

How to Make Money Bookmaking Online

There are obviously millions of different ways to make money in this world, and a lot of ways can be done online. However one of the best ways to make money online is to actually become a bookie and accept action through online websites.

BetStars is Paying 100-1 Odds for Any Team to Win Super Bowl  ...Sort of

BetStars is Paying 100-1 Odds for Any Team to Win Super Bowl ...Sort of

BetStars announced on Tuesday it is paying out 100/1 odds for any team to win the 2019 Super Bowl including the likes of the Patriots, Rams, Eagles and more.

Big Fish Casino Comes Under Scrutiny From Nations Cracking Down on Social Gaming, Loot Boxes, More

15 nations involved in the crackdown while another study finds a particular game is resulting in a high divorce rate

MGM Springfield Pulls In $9.5M From Gambling In First Week

Massachusetts gambling regulators are reporting MGM Springfield generated $9.5 million from gambling operations in its first week open.