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Gareth Southgate heads next England manager contenders according to Sky Bet

Gareth Southgate, Roy Hodgson, England press conference August 2013

We look at the credentials of the favourites to be the next England manager after Roy Hodgson ended his four-year reign on Monday night...

Hodgson stepped down immediately after England's humiliating Euro 2016 exit at the hands of Iceland with the bookies reacting with a wide-open market of candidates tasked to rebuild the national team.

However, if grieving England fans turn to the next manager odds for renewed faith they will find eight Englishmen with mixed experience heading the market, while another foreign boss is considered unlikely.

Here is who Sky Bet rank as the most likely options:

Gareth Southgate (11/8 with Sky Bet)

England player Gareth Southgate reacts after missing his penalty, during the European Championship Finals semi-final match between England and Germany.
Image: Southgate famously missed a penalty against Germany at Euro 96

England's Under-21 manager was installed as a soft favourite at 6/1 following Hodgson's resignation and has been backed in to a clear market leader at 11/8.

However, Sky Bet are actually seeing more money on other candidates, with Southgate's position at the head of the betting determined more by the general betting industry's position. 

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Jamie Redknapp says England were a shadow of their usual selves during the 2-1 defeat against Iceland

If there's one slither of hope to take from England's Euro 2016 campaign then it can only be the fact that young players have been handed valuable experience at a major tournament.

Southgate is clearly rated as a fine nurturer of talent by the FA, although he did not enhance his resume with a failure to make it beyond the group stages at the 2015 European Championship.

Harry Redknapp (5/1 with Sky Bet)

Former manager Harry Redknapp
Image: Harry Redknapp was widely expected to be given the England job in 2012

The man who many thought would and should have got the job when Hodgson was appointed is now attracting backing to finally be given the chance.

Sky Bet report that the 69-year-old has attracted more money than any other candidate for the role, prompting his odds to tumble from 28/1.

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Martin Tyler says England need to stop assuming they can win major tournaments

However, Redknapp has already ruled himself out of the race, telling the Daily Telegraph: "You can count me out - I've made it clear how I'd have liked the job in the past, but they aren't going to consider me now."

He also suggested that the FA cannot be trusted to make the right appointment, suggesting that there is no chance of him rebuilding bridges with the governing body.

Alan Shearer (8/1 with Sky Bet)

Alan Shearer wheels away to celebrate his goal against Switzerland
Image: Alan Shearer wheels away to celebrate his goal against Switzerland in Euro 96

One man who has thrown his hat into the ring is legendary striker Shearer, who told the BBC"I'd definitely speak to them, absolutely. I would offer my experience and tournament experience."

The 45-year-old also revealed that he previously offered his services to the FA only to be told he lacked sufficient managerial experience.

His odds may have come in from 50/1 to 8/1, but his experience has not changed, with a doomed six-game stint in charge of Newcastle still his only dugout time.

Eddie Howe (8/1 with Sky Bet)

Eddie Howe
Image: Eddie Howe is a 8/1 shot to take over as England manager

The Bournemouth boss is undoubtedly one of the most promising managerial prospects around, taking the Cherries from League One to the Premier League during his fledgling career.

However, at 38, his experience is limited to his two stints in charge at Dean Court sandwiching a brief spell at Burnley, while the former defender failed to make it as an international footballer, with just two under-21 caps to his name.

Glenn Hoddle (8/1 with Sky Bet)

Former England manager and now TV pundit Glenn Hoddle
Image: Former England manager Glenn Hoddle is an 8/1 shot

One man with all the relevant experience is Hoddle, who was in charge of England for two-and-a-half years, but the nature of his departure would make his reappointment controversial.

He was sacked back in 1999 following quotes suggesting disabled people were paying for sins of past lives, with the FA deciding to part company after 24 hours of crisis meetings.

The 58-year-old went on to manage Southampton, Tottenham and Wolves afterwards but has now been out of management for a decade, with the Glenn Hoddle Academy, punditry and a brief role as QPR first-team coach occupying his time since.

Gary Neville (10/1 with Sky Bet)

Gary Neville took an FA coaching role with England ahead of Campbell in 2012
Image: Gary Neville worked under Roy Hodgson in a FA coaching role

The Manchester United legend was considered favourite to be Hodgson's successor when he was appointed as England coach, with his odds shortening even further after taking over Valencia until the end of the season in December.

However, in his time at the Mestalla he won just three of 16 La Liga games before leaving the club after less than four months in charge.

That prompted a significant drift in his odds, while his involvement in England's showing in France may also count against him.

Alan Pardew (11/1 with Sky Bet)

SOUTHAMPTON, ENGLAND - MAY 15: Alan Pardew Manager of Crystal Palace waves to supporters  during the Barclays Premier League match between Southampton and
Image: Alan Pardew can be backed at 10/1

Pardew is a name often tentatively mentioned whenever the England job comes up, with a mixed record at a range of English clubs.

The 54-year-old has experienced ups and downs at every side he has managed, epitomised by his current reign at Crystal Palace. He enjoyed an impressive start in guiding them from relegation danger to a mid-table finish but failed to build on that form last season.

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England should be led by an Englishman, according to former England striker Alan Smith

Plenty would be sceptical that he has proven himself good enough to be national manager, but he is clearly not one to shirk a challenge.

Other options

Sam Allardyce follows in the betting at 12/1 but has been more of a master of organising struggling sides than getting stars to shine, although there's plenty of debate to be had as to which one is more relevant to England. Guus Hiddink is considered the most likely foreign option at 16/1, with recently departed PSG boss Laurent Blanc (22/1) and Arsene Wenger (25/1) also considered.

At longer odds, Sir Alex Ferguson is 100/1 to come to England's rescue, the same price as Steve McClaren is to return.

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