Next Colchester United Manager Betting Odds: The U's looking for new manager after sacking Matthew Etherington on Monday with Wade Elliott early favourite!

Wade Elliott is 4/1 favourite to become the next Colchester United manager

Betting is now available on who will be the next Colchester United manager and it's Wade Elliott who is 4/1 favourite with bookmakers for the job.

Colchester are looking for a new manager after sacking Matthew Etherington on New Year's Day following the 1-0 loss at home to Gillingham.

The U's currently sit five points above the relegation places in League Two after a run of eight defeats in nine games which has seen them slide down the table.

Elliott could be the man to turn things around and BetVictor's latest odds give him a 20% chance of being the man who takes over from Etherington next.

Paul Konchesky and Ross Embleton follow in the betting market as joint second favourites at 6/1 with Danny Cowley and Mark Bonner wrapping up the top five.

Matthew Etherington was sacked on Monday after the U's latest defeat

Matthew Etherington took over at Colchester United back in October after moving up from his youth coach position for an interim role before getting the job permanently in November.

Etherington's time in charge since taking over permanently has seen the U's win just one league game and their form has seen fans turn on him and the players.

Chairman Robbie Cowling has a big task on his hands now to get the right replacement with that five point gap between the U's and the relegation zone getting tighter week-by-week.

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Colchester now joint third favourites at 15/8 to be relegated this season

Colchester's latest defeat has seen their odds shorten from 10/3 into 15/8 in the past week to be relegated from League Two this season.

The U's are one place off the relegation places and they sit alongside Salford City as joint third favourites to go down into non-league football.

Sutton United and Forest Green remain odds-on to be relegated this season with Troy Deeney's appointment at Forest Green not turning their fortunes around as of yet.

The U's chances of being relegated this season according to the latest betting odds sit at 34% with their odds continuing to tumble with every loss. 

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