So how well will this new England set up do at the European Championships this summer?
Some people had been hesitant to predict England’s chances until a new boss was appointed, so what does the betting look like for this summer?
The Three Lions best price to win the tournament is 12/1, which makes them fourth favourites to win their first ever European Championships.
Lots of talk is, as ever, about who will receive the captains armband from Hodgson.
The 64-year-old will know what sort of captain he is looking for and after working with Steven Gerrard at Liverpool, it is no surprise that he is the front runner to lead the side out against France in June.
You can back Gerrard at 6/4.
Joe Hart and Scott Parker are two other names in the mix for the captaincy. Neither have bags of international football under their belt or are currently skipper of their clubs, although both have had fantastic seasons and seem to be two of the most professional players in the Squad. Parker is available at 2/1 while Hart is being offered at 9/1.
Despite his two game suspension at the start of the tournament, Wayne Rooney is still the favourite to be England’s top goal-scorer.
His odds are 5/1 to be leading scorer for Hodgson’s team and you can also back Rooney to take the golden boot for the whole competition at 40/1.
The Manchester United striker could come into the third game against Ukraine fresh and eager to impress so cause a lot of trouble for defences, especially towards the latter stages.
The quarter-finals have been England’s nemesis in recent years of course. If you think that it will prove to be the stage where they exit the competition again this year the odds are 9/4.
It is sure to be a exciting tournament for Roy Hodgson and his side this summer and it gets underway with a game against France on the 11th June.