Brian McDermott backed for exit

  • Last Updated: March 11 2013, 17:35 GMT

Betting has been suspended in the next Premier League manager to go market after Brian McDermott was heavily backed.

Brian McDermott: Backed for Reading exit
Brian McDermott: Backed for Reading exit

An industry-wide gamble for the Reading boss to depart comes on the back of a fourth successive Premier League defeat, which leaves them four points adrift of safety and favourites for relegation.

McDermott started the day as a 25/1 outsider at William Hill to depart but has had his price cut throughout the afternoon before betting was suspended, with support continuing at as short as 1/4 with Sky Bet.

Sky Bet's Chris Spicer said: "The gamble on McDermott departing took us somewhat by surprise despite Reading's poor form, with Rafael Benitez, who was our previous favourite, the only manager really attracting any interest in the market.

"However, the flurry of bets which started at around 4pm, indicates that somebody knows something that we don't."