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The 74-year-old has left his position by mutual consent following a disappointing World Cup qualifying campaign and O'Neill heads the list of candidates to replace him

The Football Association of Ireland begin their search for Giovanni Trapattoni's successor following a string of disappointing results and BetVictor have former Sunderland and Celtic manager Martin O'Neill as firm Even Money (2.00) favourite to take over the management of the national team.

Next Republic of Ireland Manager

Odds from BetVictor
Martin O'Neill Evens
Mick McCarthy 7/1
Liam Brady 12/1
Roy Keane 16/1
David O'Leary 25/1
There is now a one month break from international fixtures so the FAI have time to consider a range of candidates before the team are back in action against Germany and Kazakhstan in October, although there is now no chance that the squad can make the finals in Brazil next summer.

The 61-year-old is the obvious frontrunner due to his impressive CV and immediate availability despite leaving his last post at Sunderland under somewhat of a cloud in March this year.

O'Neill's appearance at Friday's 2-1 defeat to Sweden in Dublin has only served to increase the speculation that he is the man to take over and his priced has been backed accordingly by eagle-eyed punters.

With such a clear favourite the market contains plenty of big priced candidates too. Current Ipswich boss Mick McCarthy is rated as a 8/1 (9.0) shot to leave his role at Portman Road and take over the national side while Leeds manager Brian McDermott is priced at 20/1 (21.0).

Liam Brady, currently head of youth development at Arsenal is now 12/1 (13.0) with BetVictor, the 57-year-old made 72 appearances for the national team but his manangerial experience is somewhat limited when compared to other candidates in the market.

A couple of longer priced candidates who have been backed in BetVictor's market are currently available duo Roy Keane (16/1) and David O'Leary (25/1) who both have managerial experience in the Premier League but for now it seems that O'Neill may be the man to lead Ireland in their qualifying campaign for Euro 2016.

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