Pep Guardiola's side had to work hard for their spot in the semi-finals though, rallying late to win 3-2 at the Liberty Stadium after trailing 2-0 at half-time.
At 4/5 (1.80) before the weekend's action, the bookmakers already made City firm favourites to win the competition but Saturday night's clash at Molineux saw their price slashed once more.
Having emerged victorious against the former second favourites, Wolves have now taken that mantle and are an industry-best price of 9/2 (5.50) with the same firm to win the FA Cup this term.
Nuno Espirito Santo's side have won the competition four times in their history and their impressive record against the big six since returning to the Premier League – including holding Manchester City to a 1-1 draw at Molineux - should serve them well if they can negotiate their way past Watford at Wembley. The current prices see Santo's men as 13/20 (1.65) favourites to book their spot in the showpiece finale.
The Hornets were the first side to confirm their semi-final spot courtesy of a 2-1 win over Crystal Palace.
Javi Gracia’s men won the most recent Premier League meeting with Wolves back in October but they're currently 13/10 (2.30) underdogs with 888Sport to qualify in this cup clash. The same firm are 9/1 (10.0) on Watford going all the way to FA Cup glory.
Brighton needed penalties to edge past Millwall at the New Den although the Seagulls may feel somewhat fortunate they were still in with a chance of winning the competition at that stage.
A howler from Lions goalkeeper David Martin in the dying seconds of normal time saw the visitors claw back a 2-0 deficit before going on to triumph on spot-kicks.
Having been handed a semi-final against the red-hot favourites, Brighton are 8/1 (9.0) to qualify for the final 16/1 (17.0) outsiders to lift the trophy at Wembley on May 18. That too, is a best price at the time of writing.