President Obama and British Prime Minister David Cameron exchanged bottles of beer today to settle a bet over the U.S.-England World Cup match.

The two had previously agreed that the losing team's head of state would hand over his favorite beer. Since the U.S. and England tied 1-1, Obama and Cameron swapped brews during a bilateral meeting at the G-20 summit in Toronto.

Obama gave Cameron a bottle of Goose 312, a wheat beer brewed in Obama's hometown of Chicago. In return, Cameron handed over a bottle of Hobgoblin, crafted by Wychwood Brewery.

The president punctuated with exchange with a joke at Britain's expense.

"I advised him that in America, we drink our beer cold," Obama siad. "He has to put it in a refrigerator before he drinks it, but I think that he will find it outstanding."