..

Betway Rejoices after FA Cup Upset

Written by:
Guest
Published on:
Feb/20/2018

Betway is breathing a huge sigh of relief thanks to Will Grigg's 79th minute strike for League One Wigan that sunk Manchester City's hopes of a historic quadruple on Monday night.

Counting the cost of City losing the game, their chance of winning a sixth FA Cup, and all bets placed on Pep Guardiola's men landing the four major trophies, the "on-fire" Northern Irishman has saved the leading online bookmaker in the region of £1 million.

Betway had a handful of punters who netted four- and five-figure sums from backing the Latics at 16/1, but the elimination of Man City from the FA Cup has put Betway well into the black on this occasion.

Across the U.K. bookmaking industry as a whole, Betway estimate that anywhere between £10 million to £25 million worth of liabilities have been written off.

Betway's Alan Alger said, "Man City had been well-backed for the quadruple since October, with some punters on at as big as 700/1 all the way down to 14/1. In late February, with still no sign of the sky blue train stopping, we were staring down the barrel of a heavy six-figure pay out on the quadruple, so last night's result came as a great relief.

"As you'd expect, we took plenty of lumpy bets on City to overcome Wigan last night, and they were also very well-backed to win the FA Cup itself. Overall, we've been saved a loss in the region of £1 million, and many other firms will be feeling the same.

"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."

Gambling News

PA Man Used Credit Card Swiped From Casino for Online Gambling

PA Man Used Credit Card Swiped From Casino for Online Gambling

A Bethleham, Pennsylvania man is accused of stealing a credit card from a casino guest that he later used to gamble online.

W88 Bookmarkers - The Most Prestigious Bookie In Asia

W88 Bookmarkers - The Most Prestigious Bookie In Asia

W88 is known by players as one of the oldest and most respected betting bookmarkers in Asia. In recent years, with the increasing demand for betting by players, the W88 bookie has expanded the betting market to many countries. With the desire to bring players many new experiences, the W88 bookie applies advanced technology for betting products.

Odds Released on Meghan Markle Attending Prince Philip's Funeral

Odds Released on Meghan Markle Attending Prince Philip's Funeral

It's a sad day for the world as it was revealed Friday that Prince Edward, husband of Queen Elizabeth II, had passed away.  He was 99 and lived an otherwise amazing life.

New York's Path to Mobile Sports Betting Questionable

New York is expected to allow for two mobile sports betting master licensees with a minimum of four skins, a model many view as least competitive.

Florida Gambling Bills Don't Include Sports Betting

Florida Gambling Bills Don't Include Sports Betting

One of three bills introduced would allow for gambling at former US President Donald Trump's golf resort in Doral just outside Miami

Syndicate