The two Premiership giants Arsenal and Manchester United have been drawn against each other in the 2012 Semi Final F A Cup draw. This ensures a non premiership team will reach the FA Cup final for the first time since Liverpool beat Sunderland 2-0 in 1992.

Leading the current F A Cup betting market are Arsenal and Man Utd. You can compare FA Cup odds from 17 UK Bookmakers and Betting Exchanges and place a bet on F A Cup 2012.

Arsenal are back out to even money for this year's FA Cup after they were pitted against rivals Manchester United in the semi finals.

The Gunners were immediately shortened to 5/6 after their 5-1 quarter-final demolition of Portsmouth, but Monday's draw has changed all that.

"With three Nationwide sides left in the draw there was every likelihood that the big two would have had to beat each other to win the cup anyway," said Victor Chandler football odds man David Garbacz.

If Arsenal get past United at Villa Park it will be their fourth consecutive FA Cup final appearance.

"The Gunners are hunting their third consecutive FA Cup final victory - an incredible feat that they are well capable of achieving if they maintain their sparkling form," added Garbacz.

United are 11/8 to win the trophy.

The other semi sees Sunderland 6/1 take on the winners of the quarter final replay between Tranmere 33/1 and Millwall 18/1.

The draw has also ensured that a Nationwide side will be playing in Europe next season.

If Arsenal and Manchester United finish in the top four in the league a Uefa Cup spot will go to either Sunderland, Tranmere or Millwall.