Huge sigh of relief for Betway after FA Cup upheaval

21 Feb 2018

betway will griggThe 79th minute of the FA Cup against Wigan marked the point when Manchester City's longings for a quadruple crashed and burned.  Will Grigg was indeed on fire and managed to not only take his team to the quarter final of the English cup but also breathe life back into Betway by saving them a great deal of money.

The Northern Irish striker prevented a £1 million loss for the world-renowned bookmaker. As it can be easily imagined, Man City entered the match as clear favorites having been backed by the majority of punters to qualify on to the next round.

A small number of bettors managed to land hefty earnings by backing the Latics at 16/1 odds before the start of the match, however, British bookies were happy to pay out these winners, as Grigg's 79th minute screamer truly saved their skin.

The operator estimates that 10 to 25 millions in damages were prevented across the UK. Alan Alger of Betway stated that punters had gone heavy on Man city since October with bets ranging from 14/1 all the way to 700/1. The team's relentless performance up until late February showed no signs of them failing for a quadruple, nevertheless, Sunday's outcome allowed Betway to breathe again and saved them from six-figure payouts.

Alan claimed that yesterday's result saved Betway around 1 million pounds and anticipates that this is also the case with most British bookmakers. He also admitted that Betway had accepted many bets on Man City to overcome Wigan and go on to win the FA Cup.

He concluded by noting that "The magic of the FA Cup has sprinkled a bit of stardust on the bookmaking industry, that's for sure. I think it's safe to say that the bookies have saved somewhere between £10 million to £25 million thanks to Will Grigg and Wigan Athletic."

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS