Newcastle United next manager betting update: Odds shortening on Real Madrid coach

Tim Sherwood Press Conference 12/02/2014

With Alan Pardew confirmed as the new Crystal Palace manager, who do the bookmakers think will replace him in the Newcastle hot seat?

In a bizarre turn of events, Newcastle manager Alan Pardew has been appointed as the new manager of Premier League rivals Crystal Palace.

The Magpies faithful have been calling for Pardew to be sacked for months, yet just as Newcastle's results improved, the 53-year-old is leaving for a team fighting relegation.

That leaves owner Mike Ashley with the task of finding Newcastle's next manager, and the bookmakers have been pricing up odds over the last few days.

Odds shortening

There's been a big mover in the market today, and it's Real Madrid assistant coach Paul Clement. Carlo Ancelotti's aide at Chelsea, Paris Saint-Germain and now Real Madrid, Clement is a former PE teacher who has previously snubbed a return to England, but he's now as sort as 19/2 after a flurry of bets today.

The odds continue to shorten on former Rangers boss Ally McCoist being appointed as the next Magpies boss. McCoist left Rangers in December, and bookmakers have him as a slight outsider, but you can get as short as 10/1 on him heading to Tyneside as Pardew's replacement.

Odds lengthening

After defeat to Leicester City in the FA Cup on Saturday, caretaker manager John Carver has suffered in terms of his odds, with bookies now moving him out to as long as 16/1 as his odds continue to drift. The result on Saturday has really done him no favours in his pursuit of the permanent job.

Most bookmakers are moving Tim Sherwood out, too. Now as long as 8/1 with some bookies, Sherwood would be an underwhelming appoint for the Magpies despite his 50% win percentage at Tottenham. Now looks heavily unlikely to be the next Newcastle manager.

The favourite

Despite saying he does't want to leave Derby County, former England boss Steve McClaren is the favourite for the job with most bookmakers. The former England boss took the Rams to the Championship Play-Off Final last season but lost out to QPR, and is the 5/2 favourite.

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