TonyBet Will Lose Over £1 Million if Britain Votes Leave

LONDON, June 22, 2016 /PRNewswire/ --

Comes After Founder Offers €1 Million Charity Bet on Leave to Nigel Farage 

Online bookmaker, Tonybet.com stands to lose over £1 million to date if there is a Brexit vote after guaranteeing best odds on Leave in the EU referendum betting market. This follows the current management sticking their neck out in support of their founder Tony G (Antanas Guoga MEP) who personally offered a €1 million charity bet to UKIP Leader Nigel Farage on Leave.

     (Logo: http://photos.prnewswire.com/prnh/20160501/362042LOGO )

     (Photo: http://photos.prnewswire.com/prnh/20160622/382357 )

The bookmaker is open for business on this market until 7pm UK time on Thursday night betting to a 100% margin, providing unrivalled odds. In addition, if customers bet on Leave (Brexit) with Tonybet.com, and Remain wins, customers will get their money back up to £20!

Tonybet.com UK spokesman Warren Lush said: "The punters keep coming for Leave at 3/1. The market has been swinging firmly to Remain in the last 24 hours but there are plenty of people out there who see value in backing leave. We estimate that the industry as a whole will see over £20 million worth of bets."

"They say a week is a long time in politics - a day is a long time in the betting markets. Leave would be a bad result for us - we really have gone all-in that Remain will prevail. In fairness though we expected to be losing way more than £1 million at this stage so maybe with the well known accuracy of betting markets in politics this doesn't bode well for Leave."

The current best market odds are 1/4 remain, 3/1 leave (subject to frequent change) and the Tonybet.com market can be found in the politics betting section.

Tonybet.com recently offered a huge 200/1 that Leicester City would win the Premier League next year when the common price was 40/1 and even went 50/1 on England to win Euro 2016! They have special offers on every single Euro 2016 match with punters cashing in most recently when Croatia beat Turkey 1-0. Customers got £5 back for every goal scored by the team they backed to win the game outright.

About TonyBet.com

TonyBet.com was founded in 2009 by world famous poker pro, businessman and politician Tony G. The company is now one of the fastest growing betting and online gaming companies in the world.

SOURCE TonyBet.com