Betfred are to pay out to the tune of £20,000 extra today, after the embarrassing gaffe at the Oscars which saw the wrong film announced for the top Best Picture award.

Romantic musical La La Land landed the honour in Los Angeles – only for red-faced officials to come on stage and say; “This is no joke…but we got it wrong.”

Instead, the winner was confirmed as hard-hitting drama Moonlight, sparking some of the most toe-curling scenes ever seen in the 89 years of the ceremony.

One group of stars (who were well into their victory speeches) were replaced by another, much to the amazement of the open-mouthed guests at Hollywood’s Dolby Theatre.

Betfred boss Fred Done said:

“This will never be forgotten in the history of cock-ups. I thought it was all part of the show. You couldn’t make it up.

“I felt for the film buff Betfred customers that backed La La Land, which was the odds-on favourite.

“I’m in a generous mood, and in what will be music to the ears of La La fans, they will be getting paid out as winners – as will those who were on the actual winner, Moonlight.”

Two hundred fans who had La La Land – the long-time favourite, with the odds fluctuating around the 1/3 mark on Sunday – are benefitting from Fred’s generosity.

Film fan Imran Merchant, a 28 year old financial services assistant from Wimbledon, was bitterly upset over the Oscar botch-up…but naturally delighted his losing bet is now a winner thanks to Fred.

He said: “It was a total fiasco. I was convinced La La Land would win, and had £672 on the film to come out on top at 4/11. Instead of losing I’m now £168 up. It is a brilliant gesture by Betfred.”

A mother of one from Aberdeen had £725 on La La Land when the price drifted to 8/13 – and instead of losing her stake, is now £446 in profit.

She said: “It was terrible mess and an awful feeling for me watching it live. I was overjoyed one minute and then a couple of minutes later totally deflated. Thanks to Fred I’m smiling again….a great surprise. La La Land is a great movie and really should have won.”

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