Raith Rovers shocked Rangers with a goal late in extra-time to lift the Ramsdens Cup for the first time at Easter Road.
BBC Scotland pundits Derek Ferguson, who played for both finalists, and Billy Dodds, who is a former Rangers striker, here give their marks out of 10 for the two sides.
Lee Robinson 8
The former Rangers goalkeeper made some excellent saves and kept Raith Rovers in the game. If it was not for the heroics of defender Dougie Hill, Robinson would have been man of the match.
Jason Thomson 7
Raith Rovers' captain was sound and solid throughout and the full-back worked hard down the right.
Paul Watson 8
Rovers' two central defenders coped with everything Rangers threw at them. The imposing Jon Daly was kept quiet, which says it all.
Dougie Hill 9
The central defender was man of the match for his show of great bravery, staying on after picking up a shoulder injury and playing through the pain barrier in extra time.
Callum Booth 7
Like Thomson, Booth got forward when he could from his full-back position and also defended soundly. On home turf, the on-loan Hibernian defender had his hands full against Fraser Aird, who was Rangers' biggest threat, but coped reasonably well.
Grant Anderson 7
Wingers sometimes get lazy but, over the piece, Anderson did his job well defensively and showed real energy in getting forward, too.
Liam Fox 7
He stayed back for much of the match but made a solid contribution and was tidy in distribution as part of Rovers' holding midfield duo.
Kevin Moon 7
Along with Fox, Moon did his defensive duties and picked his moments to go forward.
Joe Cardle 7
The winger worked his socks off and showed plenty of energy as well as doing his job in defence.
John Baird 8
The winning goal was great compensation after it did not work out for the striker with Partick Thistle. He worked hard up front without much service.
Calum Elliot 7
The former Hearts striker used his physicality to unsettle Lee McCulloch and Bilel Mohsni in Rangers' defence.
Fraser Mullen (for Moon, 78 minutes) 6
Another who was back in familiar territory, the former Hibs man fitted well into the defensive midfield role vacated by Moon.
Greig Spence (for Cardle, 90 minutes) 6
The former Celtic youth lacks a bit of quality at times but looked threatening when he came on and set up the winner.
Gordon Smith (on for Elliot after 86 minutes) 6
The former Hearts striker put in a good shift when he came on.
Cammy Bell 6
The goalkeeper is one of the few Rangers players to get pass marks. He had a couple of routine saves before stopping Greig Spence's effort but was unable to stop John Baird on the rebound.
Richard Foster 4
As an experienced player, the former Aberdeen and Bristol City full-back needed to contribute more. Poor distribution got him in trouble and he had a hand in the errors that led to the winning goal.
Lee Wallace 5
Rangers did not play to the strengths of the Scotland left-back. They did not use his athleticism to their advantage, although he did force one save from the goalkeeper.
Lee McCulloch 4
The Rangers captain is usually reliable, but a poor clearance contributed to the winning goal. He picked the worst time to have his worst display of the season.
Bilel Mohsni 3
The Frenchman had a nightmare. His distribution was dismal, he slipped in the lead-up to the goal and twice headed over from close range.
Ian Black 3
At the moment, he has the Rangers fans on his back in a similar way to Charlie Adam because, rather than play the simple pass, he is trying another World Cup pass after five have already failed. The central midfielder looks a pale shadow of the player he was at Hearts.
Kyle Hutton 4
The game by-passed him in central midfield, where he seemed unsure of his role.
Fraser Aird 6
The winger was Rangers' biggest threat in the first half. He faded after the break but showed good appetite for a young man.
Stevie Smith 5
He is a left-back playing as a left midfielder and it looked like it. However, he did force a good save with an excellent free-kick.
Jon Daly 4
The striker so impressive last season for Dundee United was hardly in the game and looks to lack confidence and fitness. He had no service and did not impose himself on the Rovers central defenders.
Nicky Law 5
Law appears to be another who has been dragged down after joining Rangers. He did have a shot that hit a post, but he is not impressing in midfield the way he did with Motherwell.
Sebastien Faure (for Wallace, 67 minutes) 3
The defender made no impact on the game after replacing Wallace and his distribution was poor.
Nicky Clark (for Hutton, 61 minutes) 4
The striker tried hard enough, but nothing came off for him and his one shot was saved.
Calum Gallagher (for Smith, 111 minutes) 3
It was a surprise that the young forward was not brought on earlier considering his recent performances. He was not given enough time to make an impact.
Billy Dodds and Derek Ferguson were talking to BBC Scotland's Clive Lindsay.