Recently the Duke and Duchess of Cambridge formally announced that they are expecting their third child. No sooner had that announcement been made did UK bookmakers begin to take bets on what the next baby royal will be named. Alice is currently the firm favourite at 7/1, while other names mentioned include Arthur (10/1), Victoria (10/1), Alexandra (12/1), Albert (14/1) and Philip (14/1).Want to know how your favorite or last favorite baby name is fairing amongst the odd-makers? Read this article at the UK Telegraph to learn more.