Real Madrid confirmed that Santiago Solari will take over as head coach on a full time basis.
The 42-year-old took charge of first team affairs following Julen Lopetegui's departure after just four-and-a-half months in charge at the Bernabeu.
Originally an interim appointment, Solari's impressive results meant the club announced that the role had been made permanent on a contract running until 2021.
Although riding their luck at times, Los Blancos have won their last four matches in all competitions under Solari and are five places but just four points behind Barcelona, who were subject to a 250/1 (251.0) shock against Real Betis on Sunday.
Barcelona still head the betting at 4/9 (1.44) with bet365 although no team has looked as imperious as one might expect so far.
Real Madrid's back-to-back league wins under their new boss see them next in the market at 4/1 (5.0) followed by their city rivals Atletico who are 6/1 (7.0) to repeat their 2014 triumph and toppling the traditional two frontrunners in the process.
Diego Simeone's side sit third in the table at the time of writing with Sevilla (28/1) the nearest challengers to Barca as far as the standings are concerned, also trailing the Catalan giants by just a point after 12 games of the campaign.
Alaves are flying high in fourth place, level on points with the two sides directly above them but at 400/1 (401.0) the surprise package of the season so far aren't expected to sustain their challenge.
bet365 are offering a market on where Real finish in the La Liga table. They're 11/10 (2.10) to finish in second, 9/4 (3.25) on third and 10/1 (11.0) about a fourth placed finish. The same firm are 18/1 (19.0) that the new manager fails to improve the club's current standing and they end the campaign in fifth or lower.
One of Solari's games in charge of Los Blancos was a thumping 5-0 Champions League win against Viktoria Plzen and bet365 are 10/1 (11.0) about the holders winning the competition for the fourth consecutive year.
The best chance of silverware for Solari is the Copa Del Rey. bet365 go 9/4 (3.25) that Real Madrid win the cup competition this term.