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Monday 20 November 2017

Winning £1 Red Rum bet cashed in 43 years late

The winning docket Photo: PA
The winning docket Photo: PA

A man has cashed in a Grand National-winning bet 43 years late after finding the slip while clearing a house.

Bob Holmes discovered it while helping sort through his late father-in-law's paperwork.

The £1 (€1.17) win-only bet backed Red Rum in the 1974 Grand National, which the famous racehorse won.

It is thought to be a record for the oldest bet ever cashed in.

Mr Holmes (76) contacted bookmaker William Hill and it confirmed the slip, placed at odds of 11-1, had never been cashed. It agreed to pay out on the bet, adjusted for inflation, meaning Mr Holmes received £130 (€152) as well as £130 to place on today's race - plus a matching donation to his favourite charity, WaterAid.

Red Rum
Red Rum

MOVING

Mr Holmes, who lives in Houston, Renfrewshire, said: "My sister-in-law Rhoda Robertson was moving house and my wife and I were helping her to see what could be thrown out.

"I was looking through a whole pile of old papers, tax returns, bank statements and so on.

"I came across a scruffy bit of paper that turned out to be a betting slip that had been placed but never cashed.

"When I looked more closely it was for Red Rum in the 1974 Grand National.

"I contacted William Hill, who said it was a bet that had been properly placed and they would not only honour it but would increase the value to today's prices."

The betting slip reads: "£1 win. Red Rum. Live 3.15."

Mr Holmes does not know why his father-in-law Joe Robertson, who died in 1979 aged 82, never cashed in the slip.

He said: "My father-in-law probably lost the betting slip."

William Hill spokesman Graham Sharpe said: "It is certainly a record."

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