Bookmakers have slashed the odds on Karel Fraeye becoming Charlton's new boss after Guy Luzon's dismissal.

The Addicks’ board pulled the trigger on Luzon’s regime at the Valley following the 3-0 home defeat to Brentford.

The result was Charlton’s successive three-nil loss at home and extended the club’s winless streak to 10 games.

MORE: Addicks sack Luzon

Following the Israeli’s sacking, former Cardiff and Wigan manager Malky Mackay emerged as a strong favourite with the bookies to become the next permanent manager.

MORE: Luzon said this about Charlton before getting sacked

The 43-year-old was sacked by Wigan in April after a poor run of form, but opened the 11/8 favourite to join the Addicks after being spotted at Luzon's final match in charge.

However, strong support for Fraeye, who was Jose Riga's assistant at Charlton, has seen the Belgian's price be drastically cut from 25/1 to 6/4 with several firms.

Fraeye, 37, is currently at VW Hamme, who are 12th in Belgium's third division.

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