Saturday 29 April 1950 at Burnden Park (Att 14,886)

Bolton Wanderers (2) 2 (Howe 30p, McShane 40): Hanson, Roberts, Howe, Barrass, Gillies, Murphy, McShane, Moir, Lofthouse, Hernon, Langton.
Wolves (0) 4 (Hancocks 60p, Mullen 64, Wright 77, Pye 80): Williams, McLean, Shorthouse, Crook, Chatham, Wright, Hancocks, Walker, Swinbourne, Pye, Mullen.

Referee: Mr L Thompson (Worksop).
Penalties: Bolton spot-kick was for a sandwich on Bill Moir and Wolves were awarded theirs for handball against Malcolm Barrass.
Position: 2nd.