England’s Loss Costs Businesses Millions, Except Those Who Backed Croatia Friday 23 November 2007 PDF Print As most UK businesses are counting the millions of lost revenue following England’s exit, one company is breathing a sigh of relief as they cash in on their insurance policy. "While the money is obviously fantastic, this is one bet I didn’t want to win" said Antony Portno, CEO of online sports tipster community www.OLBG.co.uk. As a UK based sports betting site, England's absence from Euro 2008 would be a big blow to the business financially. After England lost to Russia and it looked like we were out of the competition, he regretted having not taken out an insurance bet on England not qualifying. When Israel then gave England a second chance, the gambling tycoon seized the opportunity to bet £3,000 on Croatia to beat England at odds of 7/1. "I’m not it the habit of placing such large bets, but I figured an England exit would probably cost my business at least £50,000 in earnings so I saw the bet as an insurance policy just in case the unthinkable happened" "Like everyone else on OLBG I assumed England would be successful in at least managing a draw at home to a team with nothing but pride to play for, but I still had to make the bet. I had originally planned to bet £5,000 but lost my nerve a bit" To find out more information on what the members have to say about England’s performance and who they want as they next England manager please visit the OLBG forum at: http://www.online-betting-guide.co.uk/forum/ For more information please contact: Rachel Ventress PR and Marketing Manager 01653 619 405 07792082855 www.olbg.co.uk www.invendium.co.uk About OLBG.co.uk: OLBG.co.uk’s parent company is Invendium ltd. OLBG.co.uk is a betting information portal that was formed in early 2002. The site has over 23,000 members and 300,000 monthly visits from people interested in sports betting. Users work together to help each other improve their betting with the ultimate aim of beating the bookies.OLBG.co.uk also has related sites on Grand National, Cheltenham Betting, gold cup odds and world cup odds. About Invendium LTD: Invendium Ltd is a private limited company registered in England and Wales. The main activities of the company are the development of web properties and related services focused on internet marketing and promotion. It was formed in July 2002 by Antony & Noreen Portno. Registered No.: 4490764 This press release was distributed by ResponseSource Press Release Wire on behalf of Invendium Ltd in the following categories: Sport, for more information visit http://pressreleasewire.responsesource.com/about.