Alice and Philip Top Bookies’ Charts for Royal Baby Names

As the world anticipates the arrival of the third child of the Duke and Duchess of Cambridge, punters are already placing their bets on what the new royal baby's name will be.

The odds are currently in favor of a little princess, with the name Alice being the most popular choice at bookmakers such as Ladbrokes.

According to Alex Apati of Ladbrokes, Alice is proving to be twice as popular as any other name in the market, indicating that punters are confident that Duchess Kate will give birth to a girl.

However, if it's a boy, the odds are increasingly likely that he'll be named after his great-grandfather, Prince Philip.

Ladbrokes has Alice leading the pack at 5-1, with Philip coming in at a close second for a baby boy at 16-1.

The odds for the baby's gender are also being offered at 10-11 for a girl and evens for a boy.

While Alice and Philip have topped the charts for both genders, other popular names being bet on include Mary, Victoria, Elizabeth, and Alexandra for a girl, and Edward, Arthur, Albert, or Louis for a boy.

There is also speculation that a baby girl could be named Diana, after Prince William's late mother, the Princess of Wales.

However, no matter what name William and Kate choose for their newborn, one thing is certain – the royal baby will not have a last name.

This is because whenever a child is born into the royal family, both its name and surname do not have to be filled out on the birth certificate.

Instead, the name on the certificate will say H.R.H.

Prince or Princess, and all three names of Cambridge.

Royal expert Marlene Eilers-Koenig explained that the royal baby will not have a last name, and that members of the Royal Family can use the surname Mountboughton-Windsor if they wish.

This surname was added to the name Windsor by Queen Elizabeth II to honor Prince Philip after their marriage.

Additionally, punters may have to wait a few days before finding out the name of the new royal baby.

It has become a tradition for the Duke and Duchess of Cambridge to keep their children's names secret for 48 hours after their birth, as they did with Prince George and Princess Charlotte.