A disappointing start to the season for Leicester City has seen Brendan Rodgers become odds-on favourite to be the first manager to walk the plank.
However, after a disappointing 1-0 defeat to lowly West Ham Gerrard's chances have shortened to 5/2 to go first, level with Bournemouth boss Scott Parker who is licking his wounds after a 9-0 thumping against Liverpool.
Leicester suffered a third successive defeat against Chelsea, are bottom of the Premier League and appear to have hit the snooze button in the transfer market.
With star names Wesley Fofana and possibly James Maddison on their way out, Rodgers is standing on very shaky ground.
Meanwhile, Gerrard's Villa side have taken just 12 points from the last 45 available.
The 1-0 defeat at Villa Park cooled some of the scrutiny on West Ham boss David Moyes, whose odds have drifted to around 33/1, but only heightened the tension on Gerrard.
Villa struggled to create opportunities against West Ham and his side were booed off at full time.
Everton boss Frank Lampard is fourth favourite to leave first at 8/1, with Southampton's Ralph Hasenhuttl next at 10/1.
Manchester United boss Erik ten Hag is slowly winning over the bookies, pushing his odds out to 20/1 after his side grabbed their second win of the season against Southampton.