World Cup betting offer
Sky Bet offers World Cup money back guarantee
Last Updated: 05/12/09 11:56am
Hopeful: Fabio Capello
Sky Bet have announced they will refund all bets on other teams if England win the 2010 World Cup.
The leading online bookmaker unveiled their World Cup betting money back guarantee on the back of the favourable draw in Cape Town which sees England grouped with the USA, Algeria and Slovenia.
The offer applies to all single bets placed on the 2010 World Cup outright market from 7pm on Friday, December 4th 2009 until noon on June 11th 2010. Bets will be refunded in the form of a free bet equal to the stake placed on England's rivals in the World Cup outright market.
Sky Bet's World Cup spokesman Dale Tempest said: "Whatever happens in South Africa this summer, we'll be keeping Sky Bet customers happy.
"If England lift the trophy, patriotic punters will be cashing in on the nation's success but the doubters won't lose out either as they will have their losing bets refunded."
The 2010 World Cup is set to provide the biggest turnover ever recorded in the bookmaking industry, with in excess of £1 billion likely to be gambled.
England are amongst the favourites for World Cup glory, with 25 per cent of outright stakes to date having been placed on Fabio Capello's men.
After the draw England's odds of winning the tournament were cut from 6/1 to 11/2 and they are 4/11 to top Group C.
European champions Spain have been cut to 4/1 and are now clear favourites to win football's most coveted prize, while five-time winners Brazil, who drew tough opposition in North Korea, Ivory Coast and Portugal in 'group of death' Group G have been eased to 11/2 (from 9/2).
Click here to see all Sky Bet's vast range of World Cup betting odds and special betting markets.