Prince Harry and Meghan Markle are expecting their first child, and you know what that means for the prince and the Duchess of Sussex - endless rumors about the future baby’s name, and will they have a boy or a girl?

According to a CNN report, a statement was released by Kensington Palace early Monday morning indicating that Markle is pregnant with her first child and she is expected to give birth in the spring of 2019. Congratulations from family, friends, and Celebrities are coming in from all around the world since the statement was released.

Wagering on the baby

So what’s in a name? Everything, when it comes to a newborn baby into royalty - especially when folks in the UK and around the world can wager on it!

Yes, folks can wager on not only what the name of Harry and Meghan’s child will be, but if bookies and online casinos follow the same protocol they did for Prince William and Kate Middleton, wagering on the newborn's sex, date of birth and possible weight may also be in play. While this may seem a bit outrageous, bookmakers take in hundreds of thousands of dollars on Royal family prop bets.

Early name favorites

Bookmakers and online casinos across the UK have wasted no time in posting names they believe the Royal couple may name their new bundle of joy next spring.

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According to Standard.co.uk, Alexander, Alice, and Arthur are the early odds-on favorites to be chosen by Prince Harry and Meghan Markle for their child. The list of early boy favorites has Alexander as the favorite at 2/1, with Alice topping the list as the favorite for a girl at 5/2.

Behind Alexander is Arthur at 3/1, Philip and Albert at 6/1, and Nicholas at 10/1. If you believe that the final three boys names have a chance, then you better pull out a few pennies because the odds set for Alfred, James, and Thomas are huge!

Alfred is set at 33/1, James is 50/1 and Thomas is a whopping 100/1.

The female name possibilities behind Alice include Victoria and Mary at 4/1, Isabella at 6/1, and Eleanor and Augusta both at 12/1. The long shots? Rachel is listed at 25/1 and Diana is set at 50/1.

The odds of the newborn ever taking over the Royal throne are not very good - that's because the line ahead of the future baby to the Duchess of Sussex is pretty long!

The newborn Royal baby will be seventh in line to the British throne after Prince Charles, Prince William and his three children and Prince Harry.

If you had a say on the newborn Royal babies name, which one would you choose?

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