A new manager signifies a change in the management of a sporting team. This can be because the previous incumbent has been sacked after a run of bad results, moved on to a new club or stepped down voluntarily for other reasons.
The manager is arguably the most important individual at a sports club as they are responsible for all team and individual player performances as well as being the face of the club for supporters and media.
Bringing in a new manager can be a costly acquisition for sports clubs, especially top flight football teams and more commonly occurs after a dismissal in the hope that the new manager will bring around an improvement in results.
For example, when Slaven Bilic was sacked as manager of West Ham, the bookmakers immediately instilled a number of managers to become the next West Ham manager at varying odds with the help of media speculation.
These market prices then adapt to how the betting is evolving in so much as who the money is being laid on with those managers receiving bigger bets thus seeing their odds shorten.
Sometimes, new manager or next manager bets can be made even before the current manager has been dismissed and clubs often instil a new manager with the belief that they will galvanise a team into gaining some quick wins.
Bookmakers may not accept the appointment of a caretaker or interim manager as the club’s new manager, and the terms and conditions should be checked on the bet.
Former England manager Sam Allardyce holds the record for having managed the most football clubs in the Premier League.
Allardyce has been in charge at Bolton Wanderers, Newcastle, Blackburn, West Ham, Sunderland, Crystal Palace and Everton, and is regularly mentioned as a possible new manager when a club is looking for a specialist in avoiding relegation.
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