Bookies Face £1 Million Payout if the Royal Baby is Named Charlotte
While many gamblers have been proved correct and will be enjoying payouts after the Duchess of Cambridge gave birth to a girl on Saturday afternoon, many are still betting on the princesses’ name.
Charlotte and Alice remain the favourites and at one point a flurry of bets on Charlotte led to the odds being slashed to 2/1 and the temporary suspension of betting at SkyBet. Olivia has also emerged as a late favourite and the odds of the name have now been reduced to 4/1. Other popular choices are Victoria and Elizabeth with odds of 5/1 and 7/1 respectively.
It is not known when the baby’s name will be announced to the world, but it appears that gamblers will be placing bets on their favourites right up until the last moment and if punters are proved correct and the baby is named Charlotte then the bookies are facing payouts of well over a million pounds.