Betting: Pearson favourite for a Leicester return but could Hiddink be the man to take over?

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The 53-year-old is currently the favourite to take over from Claudio Ranieri but the best bet looks to backing an experienced outsider at 10/1

The shock of Claudio Ranieri's sacking at Leicester City sent shockwaves through football but his replacement could be just as controversial if the current bookmakers' favourite is appointed.

bet365 are just Even money (2.0) that the Foxes, now inside the Premier League relegation zone after the weekend's results, make Nigel Pearson their next permanent manager.

Pearson left the King Power Stadium for a second time in the summer of 2015, following a remarkable end to the campaign which saw Leicester preserve their top flight status from an almost impossible position, picking up 19 points from the final 24 available.

That summer things turned sour for Pearson though. A pre-season trip to Thailand ended in disgrace for several players, including the managers' son, James, and the club cited irreparable damage between the two parties. That season also included a touchline alteraction with James McAthur and run-ins with journalists during press conferences.

Nigel Pearson Premier League Sunderland v Leicester 160515

That was the second time Pearson had been in charge of the East Midlands club, having spent two years in the hotseat from 2008-2010. That tenure also ended under a cloud, with Pearson claiming the board were already preparing to bring in Paulo Sousa at the end of the season.

Despite what he achieved on the pitch in his time there, with so much bad blood between the former Leicester boss and his old club, it would be a huge shock if the Foxes were to bring in the man who has since seen a spell at Derby County end in a fiery manner, being suspended before leaving the club less than six months after signing a three year deal at the iPro Stadium.

bet365's Steve Freeth said: "Its been one-way traffic for 24 hours with support for Pearson to return to the KP - Have to say it feels like a lay but time will tell."

Craig Shakespeare is next in the betting at 8/1 (9.0) with some punters clearly believing that if the interim boss can achieve some improved results, he may be in charge for the 10 games required for most bookmakers to pay out on this market.

Former England boss Roy Hodgson comes next at 9/1 (10.0) while Guus Hiddink is an interesting outsider at 10/1 (11.0) having performed short-term coaching roles at Chelsea before. The Dutchman would certainly fulfil the club's desire to bring in a manager who has a worldwide reputation and the 70-year-old is sure to be a frontrunner should he be open to the idea of a return to management.

GFX STATS NEXT LEICESTER MANAGER

Initial favourite Roberto Mancini has now drifted out to 18/1 (19.0) following suggestions that he is not interested in the job but the former Manchester City boss is still a shorter price than the likes of Alan Pardew 22/1 (22.0), Gary Rowett and Frank De Boer who are both 33/1 (34.0) shots.

Given the amount of uncertainty and potential pitfalls in the club even entertaining a third approach for Nigel Pearson, a small stakes wager on Hiddink at a double figure price might not be the worst move for punters. Before Ranieri's appointment, there were gambles on Sam Allardyce, Sean Dyche, Neil Lennon and Bob Bradley amongst others which all went astray, so this market could have a few more surprises in it yet.

The former Chelsea boss has all the credentials of an ideal short term replacement until the summer, a role he would surely be well compensated for and as a big price alternative to the current favourite, he stands out in a field where very few candidates would appear to fill the brief. The 70-year-old could take some convincing of course, but at 10/1 (11.0) bettors are getting a price that factors that into their selection.

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Guus Hiddink to be the next Leicester manager at 10/1 (11.0) for a 1pt stake with bet365

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