Newcastle United next manager betting update: Ex-Spurs boss now favourite!

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 ofPremier 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

The two managers with odds shortening heavily are interlinked. The first is that John Carver has seen slight movement to put him back amongst the favourites at 6/1, with the caretaker boss reportedly lined up to take charge for the rest of the season until Newcastle can appoint a top target in the summer.

And their first choice is believed to be Ajax's Frank de Boer. The former Dutch international won't leave in mid-season, but reports on Wednesday suggested that the 44-year-old is Mike Ashley's top target, and would be approached after Carver's time as caretaker ended. With that in mind, his price has dropped to as low as 8/1.

Odds lengthening

Glenn Hoddle was considered to be one of the favourites earlier this week, but has ruled himself out of contention today, suggesting that he's happy to continue coaching behind the scenes at Queens Park Rangers. Bookmakers have responded by pushing the former England boss out to 25/1, with a return to management looking unlikely for Hoddle.

Another outside-of-the-box suggestion was Real Madrid assistant coach Paul Clement, who has been Carlo Ancelotti's aide at Chelsea, Paris Saint-Germain and now Madrid. Newcastle were believed to be seeking discussions with the former PE teacher, but he's now as long as 33/1 to be the next boss.

The favourite

The frontrunner had previously been Remi Garde, but a flurry of bets has seen ex-Spurs boss Tim Sherwood reclaim his place as favourite. Sherwood, has been out of work since being sacked by Tottenham at the end of last season, but boasts a 50% win percentage from his time at White Hart Lane, and is remarkably as short as evens tonight.

Register for NEWCASTLE UNITED team updates

Register for HITC Sport - Daily Dispatch