Blackpool finished fifth in the league in 1946–47, just seven points behind champions Liverpool. The next season, 1947–48, they reached the FA Cup final at Wembley, which ended in a 4–2 defeat to Manchester United. The "Seasiders" dropped to 16th place in 1948–49, but rose to seventh in 1949–50, just four points behind champions Portsmouth. Though they finished in third place in 1950–51, they ended the campaign ten points behind champions Tottenham Hotspur. Smith led the club to another FA Cup final in 1951, where they were beaten 2–0 by Newcastle United after a brace from Jackie Milburn. Blackpool could only finished ninth and seventh in 1951–52 and 1952–53, but reached another FA Cup final in 1953. Known as the "Matthews Final", Stan Mortensen scored a hat-trick against Bolton Wanderers to secure Blackpool a 4–3 victory and their first ever FA Cup title. The club finished sixth in the league in 1953–54 and then dropped down to 19th place in 1954–55. Smith then led the club to a record high league finish of second in 1955–56, though they ended up some 11 points short of champions Manchester United. They finished fourth in 1956–57 and seventh in 1957–58. After 714 Football League games in charge of Blackpool, Smith resigned in 1958, at the age of 68, due to poor health. The Blackpool board rewarded his services by giving him a hefty "golden handshake" and bought him a house in the town.