[bigboydan]

Sat Dec 10, 8:43 AM ET

LONDON (Reuters) - A 91-year-old 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 on 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 the southwest if she had been hit by the tax bill.

"I lost my 500 pounds -- but it gave me peace of mind," he said.

[onlooker]

He was just looking out for his wife, and didnt want her stuck with the 3000 pound tax bill. Pretty sharp.

[Bill Dozer]

I guess that would be hedging the tax credit?? I'd call BS on the story though. WillHill PR stunt.

[pags11]

what a story...haven't ever heard of being able to bet on something like this before...