It has been confirmed that Kate Middleton, the Duchess of Cambridge, has given birth to a baby boy.
The baby was born at 4:24 p.m. London time and weighs 8 lbs 6 oz.
Bettors were right there with the Royal Couple, hoping to cash in on the numerous “Royal Baby” props available since the couple was married in April 2011 and announced their pregnancy in December 2012. Sportsbooks have created a long list of baby props and specials in that time, with action heating up as Middleton’s mid-July due date drew closer.
“We had our book down immediately on news of onset of labor approx 6 a.m. UK time, when royal vehicles were spotted at the back entrance of St. Mary’s in Paddington,” Aron Black of British sportsbook Bet365.com told Covers.
According to Black, the most action came in on props for the name, day
of week and time of day for the delivery. Money was just about split on
the sex of the baby (Male -105, Female -105) with a slight lean toward
Kate and William having a girl.
Odds were posted on just about every conceivable factor and situation, including the baby’s name, weight and sex. Other more colorful options available among books were the baby’s age for its first nightclub trip caught by the paparazzi and the baby’s future occupation.
The most popular play for the baby’s weight was “7 lbs to 7 lbs 15 oz” which was set as a +175 front runner, and the "Time of day" price that saw the most attention was “12 a.m. to 11.59 a.m.” which was set at -125, however, now it seems as though “12 p.m. to 11.59 p.m.” (+100) may be a better option. Thursday (+500) and Sunday (+650) were the most-bet days of the week for delivery.
In the “baby name” market, bettors sided with Diana (+500) as the most popular, and as far as male names go, William (+600) was the most popular choice. Other monikers drawing action were George (+900), Richard (+1,800), Phillip (+1,800) and James (+1,800). As for long-shot names popular among bettors, Christian (+5,000) and Adelaide (+6,600) all took action at big odds.
The most one-sided action was on the prop for number of surnames give to Kate and William’s offspring, with “Three or less” priced at -125 and “Four or more” set at -110. According to Black, about 60 percent of the prop's action is on “Four or more”.
“It’s not uncommon for royal babies to be given numerous forenames, so the ‘Four or more’ may seem like a lot of names,” says Black. “However, there are many names that could be incorporated from the royal side of the family to be given to this baby.”
Bettors may have to wait a while before their “baby name” bets are
cashed. When William was born, it took a week for his name to be
announced. His father, Prince Charles, didn’t have his name go public
for a month.
However, in the social media age and with every media source storming the London hospital like a scene from “World War Z”, chances are “Royal Baby” fans and bettors won’t have to wait too long before information is leaked.