Man loses wager on his own death...

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91-year-old Brit said he would die by Dec. 7; wanted winnings to go to wife

LONDON - 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.
 

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This is almost as bad as the guy buying the life insurance policy and then selling tickets to be drawn later for the beneficary, or how ya spell that. I bought one, didnt draw my name..
 

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Hedging his own life...

I could see Fishhead doing this some day 50-60 years from now.
 

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Journeyman said:
Hedging his own life...

I could see Fishhead doing this some day 50-60 years from now.


NOT!

In 10-20 years maybe!

:lolBIG:
 

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What's so weird about this? This is basically just (very short) term life insurance. A term life policy is the same thing really. It's a wager that you will die.
 

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D2bets said:
What's so weird about this? This is basically just (very short) term life insurance. A term life policy is the same thing really. It's a wager that you will die.

Did you pick a date to die by on your life policy, D2???
 
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Well at least he didn't bet it on credit....

You're a stiff!!.....No, I thought I was going to be one!!!
:ears:
 

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Journeyman said:
Hedging his own life...

I could see Fishhead doing this some day 50-60 years from now.
ummm :notme: I think he has done this already :hidding:
 

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viking611 said:
Did you pick a date to die by on your life policy, D2???

Well if you buy a term life policy, which many people do, then there is an end date to that term in which if you don't die by that date then you've lost thew $ you've put up as premiums. i.e. you've lost your wager. Seems like the same concept to me.
 

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I do have term and whole life policies. My term runs out in about 13 years, so I guess I'm betting I'll be off this piece of dirt, or at least under it, by 2018.
 

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hawkeye171 said:
I do have term and whole life policies. My term runs out in about 13 years, so I guess I'm betting I'll be off this piece of dirt, or at least under it, by 2018.

Well, I won't wish you GL on that wager. :toast:
 

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