Vote Leave campaign launches 'billion-to-one' competition

It's more likely you'll see Boris Johnson on the cover of Playboy than it is you'll win the £50 million prize

Vote Leave is offering a £50 million prize to anyone who can correctly predict the results of Euro 2016.

The whopping prize will go to anyone who can guess the score of every game in the competition as it progresses.

The campaign says the fund has come from "two donors", and is the amount they claim we spend daily on the EU.

However bookies have told Newsbeat there's a billion-to-one chance of hitting the jackpot.

The Remain group called the competition is "a con".

The Leave campaign has said from the start that the UK spends £350 million per week on EU membership.

But various fact-checking websites estimate the actual amount is lower and that figure doesn't take into account the money we get back.

The odds of guessing the result of every single game in France are a "billion-to-one", according to Paddy Power.

They say, statistically, it's more likely Nigel Farage will win The X Factor, or that the Loch Ness Monster will be discovered.

This is more likely to happen... apparently

"This takes the biscuit!" a spokesperson for the bookmaker told Newsbeat.

"You might be better off putting a few quid on Boris Johnson to be on the front of Playboy."

For the record, Playboy have previously announced they would no longer ever feature full frontal nudity.

Vote Leave Tweeted about the competition

However it looks like someone could very well walk away with the cash:

"If nobody manages to predict every game, the person who came closest will get the prize," Robert Oxley from Vote Leave told us.

"People aren't engaged with the referendum.

"We want to make them aware of how much we spend on the EU every day," he says.

He also said there's "no need to be voting Leave" to enter the competition.

Will Straw, Executive Director of Britain Stronger In Europe, said:

"The odds of winning this competition are 8 billion-to-one.

"The same length of odds as Vote Leave coming up with a coherent vision for what life would look like outside the EU."

He said the figure of £50 million a week "is a work of fiction".

"Once again Vote Leave put wild guesswork at the heart of their campaign and it is the British people who they are asking to take the risk."

You can watch Newsbeat's beginner's guide to the European Referendum here.