Former Norwich and Southampton manager Ralph Hasenhüttl's odds shorten dramatically in Leicester Next Manager Market.
Ralph Hasenhüttl has emerged as the joint-favourite in a wide-open Leicester City next manager market, with the former Southampton boss locked at the top of the betting with Gary Rowett as the Foxes search for their next permanent head coach.
Who is the Favourite to Become the Next Leicester Manager?
According to latest odds, Ralph Hasenhüttl is the current favourite to become Leicester City's next permanent manager with an implied probability of 33%. Gary Rowett and Russell Martin are next favourites to take over with an implied probability of 17% and 14% respectively.
| Next Leicester city Manager | Best Odds | Bookmaker |
|---|---|---|
| Ralph Hasenhüttl | 5/2 | Skybet |
| Gary Rowett | 5/1 | Skybet |
| Russell Martin | 6/1 | BetVictor |
| Dean Smith | 15/2 | Skybet |
| Gary O'Neil | 15/2 | Paddy Power |
Ralph Hasenhüttl is the standout name on the list because his football has a clear identity. High intensity, aggressive pressing, and a coach who knows how to lift a group quickly. He took RB Leipzig to second in the Bundesliga and, at Southampton, regularly got more out of the squad than many expected.
Even his Wolfsburg spell ended in 2025 after he kept them up, which says a lot about his ability to steady a team under pressure. For Leicester, his biggest appeal is simple: he feels like the kind of manager who can refresh a squad and drive standards, which is exactly what a promotion push needs.
Gary Rowett is a very different option, but not a weak one. He is a manager you turn to when you want order, structure, and immediate stability. Rowett has a strong Championship record, including play-off runs at Millwall, and his teams are usually hard to beat. It might not be glamorous, but Leicester do not need glamorous right now. They need points, control, and consistency, and Rowett’s pragmatic approach would likely deliver that without demanding a major overhaul.
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Russell Martin is the name that fits the “style continuity” argument. If Leicester want to keep playing front-foot, possession-heavy football in the mould of Enzo Maresca’s successful spell, Martin makes sense. He has already shown he can build a promotion-worthy team and stick to his principles. The concern is his Premier League struggles at Southampton, but in the Championship, his methods are far more effective. For fans, he would represent a familiar philosophy and a clear long-term plan, rather than a short-term reset.
Dean Smith and Gary O’Neil both represent the “steady hands” category, but in slightly different ways. Smith knows the Championship inside out, has been through promotion battles before, and has already managed Leicester, which makes him an easy fit if the club wants quick results without disruption.
O’Neil, meanwhile, has impressed at Bournemouth and Wolves by keeping teams competitive with limited resources, showing strong man-management and tactical flexibility. For Leicester, either would offer a calm, practical appointment, with Smith bringing familiarity and O’Neil offering a more modern, adaptable edge.
Leicester Next Manager Odds: What the data says?
Ralph Hasenhüttl has emerged as the clear favourite to become Leicester City’s next manager, but the shift in his odds over the past few weeks has been remarkable. As recently as 25th January, he was priced at 25/1 to take over the job. That figure dropped to 16/1 just days later, and by last night, bookmakers had him at 10/1. Even as recently as this morning, he was still considered an outside chance at 10/1, highlighting just how quickly market sentiment has swung in his favour.
The data from Oddschecker underscores Hasenhüttl’s sudden rise in the betting market. In the past 24 hours, almost half of all bets on Leicester’s next manager have been placed on him, signalling strong backing from bettors and a growing consensus that he is the most likely candidate. Interestingly, former England manager Gareth Southgate has also attracted attention, with around 25% of bets in the same period placed on him, showing that punters are weighing high-profile, experienced options alongside Hasenhüttl’s availability and tactical reputation.
