27 May,2011 01:04 PM IST | | ANI
Coach Harry Redknapp's odds on being the next Chelsea manager have tumbled dramatically after speculations that he would leave Tottenham.
Bookies cut Redknapp's odds from 25-1 to a staggering evens favourite, with some reducing them further still to 4-7.
u00a0Many punters, one as far afield as South Africa, poured their cash on Redknapp - forcing bookies to take drastic action, The Sun reports.
Redknapp has emerged as favourite to take the Chelsea job following the sacking of Carlo Ancelotti on Sunday.
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One bookies spokesman said: "There is no smoke without fire and the weight of the gamble suggests something may be happening."