By Danny Wright

1st Jan, 2018 | 10:32am

Betting update: Odds slashed dramatically on new favourite for Nottingham Forest job

Former Middlesbrough manager Aitor Karanka is the new odds-on favourite to be named as the next Nottingham Forest manager, according to the latest bookmakers’ odds.
PaddyPower have Karanka, 44, priced at 4/5 to be named as Mark Warburton’s successor at the City Ground after the 55-year-old was sacked by the Championship club on New Years’ Eve.
Karanka’s odds have been dramatically slashed in the last 24 hours to be hired by Nottingham Forest having originally being priced at 13/1 with Martin O’Neill, Gary Brazil and Steve McClaren once the joint-favourites.

Garry Monk (7/1) is the second favourite for the job in the East Midlands after he was sacked by Middlesbrough in December, but it is Karanka who is currently in pole position.
The former Real Madrid player and assistant boss has been out of work since he left his role at the Riverside in March 2017.
The Spaniard helped Middlesbrough win promotion to the Premier League as runners-up in the Championship in 2015/16, but couldn’t help the Teesside club from suffering an instant relegation.
It now seems that the European boss is in a commanding position to take charge of Forest going into the second half of the season after they sacked Warburton on Sunday despite being mid-table in the Championship.
Warburton took charge in March and managed to avoid relegation to League One by goal difference as Blackburn suffered the drop on the last day of the campaign.
In other Nottingham Forest news, Rangers fans have reacted on Twitter to Warburton’s sacking.
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