Huge sigh of relief for Betway after FA Cup upheaval

The 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."