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In this June 22, 1982, file photo, Britain's Prince Charles, Prince of Wales, and wife Princess Diana take home their newborn son Prince William, as they leave St. Mary's Hospital in London. Image Credit: AP

London: Bookmakers reckon Prince William and his wife Catherine will name their baby after a close relative, with his late mother Diana among the early front-runners.

Betting chains were offering odds on a whole range of markets, from the baby’s name to its sex, weight, godparents, hair colour and even the time and day of birth.

The baby will be third in line to inherit the throne, meaning a King John II or Queen Anne II could be on the cards.

The William Hill firm’s early favourites are Frances and John at 9/1, with Charles, George and Victoria 10/1, followed by Anne, Diana, Philip, Richard and Spencer at 12/1 and Henry, Mary and Sarah at 14/1.

Frances was Diana’s middle name, while her father was John and the family surname is Spencer.

Elizabeth and William are both 16/1, while Catherine is 20/1.

Less regal-sounding names like Kevin, Wayne and Sharon all come in at 250/1.

Irish bookmakers Paddy Power have Mary, Victoria and John at 8/1, followed by Diana and Frances at 9/1, then Philip, Anne, Charles and George at 10/1. Sarah and Louis are 12/1.

Wallis, the name of the US divorcee that king Edward VIII gave up the throne for in 1936, is a 100/1 shot.