Royal baby name: Odds on for Alice, Henry and Victoria as bookies' favourites for Kate and William's third child

Bookmakers have released their latest odds for the name of third royal child after Kensington Palace announced the baby is due in April.

Betting began on the third name to follow George and Charlotte after news broke of the Duchess of Cambridge’s pregnancy in September.

The palace today issued a statement saying the royal couple were “delighted” they are expecting their new baby in April.

Alice, Arthur and Victoria are all big favourites among bookies Coral, Betfair and Paddy Power along with Albert, Henry and Elizabeth all ranking highly, according to the latest odds.

Betfair’s top odds are for Alice at 8/1 followed by Arthur, Victoria and Henry all on 10/1. Elizabeth is at 11/1, Mary at 12/1 and Alexandra for 12/1.

Odds on the third royal baby's name

Girls

Alice: 8/1 (Paddy Power, Betfair), 7/1 (Coral)

Victoria: 10/1 (Betfair, Paddy Power, Coral)

Elizabeth: 11/1 (Betfair, Paddy Power), 16/1 (Coral)

Mary: 12/1 (Betfair, Paddy Power), 20/1 (Coral)

Alexandra: 12/1 (Paddy Power, Betfair), 16/1 (Coral)

Boys

Arthur: 10/1 (Betfair, Paddy Power), 12/1 (Coral)

Henry: 10/1 (Betfair, Paddy Power), 16/1 (Coral)

Albert: 14/1 (Betfair, Paddy Power), 16/1 (Coral)

Frederick: 14/1 (Betfair, Paddy Power), 16/1 (Coral)

James/Philip: 16/1 (Betfair, Paddy Power, Coral)

Albert, Grace and Frederick all have odds of 14/1 while Olivia, Alexander, James and Philip, after the baby’s great-grandfather, are all 16/1.

Coral’s odds are similar, although adding Diana onto the list at 16/1. At 20/1 is Frances and Mary.

Meanwhile Paddy Power is offering odds for Catherine, Kate or Caroline all at 20/1.

Less likely names Donald and Wayne are both ranking at 200/1.

William and Kate, both 35, are already the proud parents of four-year-old Prince George and Princess Charlotte, who turned two in May.

As with her previous two pregnancies, Kate has been suffering from hyperemesis gravidarum - severe morning sickness.

As expected the couple are not revealing the sex of their baby and keeping it a surprise.

The Queen is said to be “delighted” by the news of the impending arrival of her latest great-grandchild, who will be fifth in line to the throne.

The monarch's own birthday is also in April.