The 41-year-old, who will lead his side in their play-off second leg game at Braintree today, is 5/2 favourite to take the helm at Meadow Lane.
Former Mariner Wayne Burnett is also said to be in the running at 8/1, behind Richard Dryden, while the names of Ian Hendon, Mark Robins, Malky Mackay, Richard Money and even Sol Campbell - a novelty bet at 80/1 - have been bandied about.
The Magpies are managerless after Mark Cooper left the club following their 5-0 defeat against Carlisle United at Meadow Lane.
Cooper said he needed a result against the Cumbrians to trigger the prospect of a contract extension, but speculation ahead of the game had linked him to the Forest Green Rovers job.
No official confirmation from any club has yet been published regarding the ex-Swindon manager taking on a new role.
What do you think of the names mentioned as bookies' favourites for the Notts job and are you happy with the whole debacle surrounding Mark Cooper's stay at Meadow Lane? Share your thoughts by signing up to the Pride of Nottingham website, visiting the forum and joining the conversation.