As the world eagerly waits for the Prince of Cambridge's name to be announced, bookies are narrowing down the final few possible royal baby name ideas.

Thousands of people in Britain have placed their bets on everything from the baby boy's name to the colour of his hair. Britain's Ladbrokes, an online betting company, took 50,000 bets in the hours after the Duchess of Cambridge went into labour Monday.

The royal baby boy was born Monday at 4:24 p.m. BST (11:24 a.m. ET) and weighed in at eight pounds and six ounces. The Duchess is said to be doing well.

Last week, Ladbrokes offered 6-1 odds the baby would be named Victoria, while William Hill, another betting house offered 9-1, according to the National Post.

So far, the people of Britain are leaning towards James or George for a boy.

But it may not necessarily just be about narrowing down one name. Looking back at traditional royal names, the royal couple may have to narrow it down to three or four names.

Other popular baby boy names include John, Alfred and Philip, while Barack (with the odds of 200-1) and Elvis (500-1) don't seem to fly with royal baby-watchers.

Even some celebrities are getting into the name game. Earlier last week, U.K. soccer star and indisputable hottie David Beckham said David was a "pretty good" name for a baby boy, while the mayor of London, Boris Johnson, thought it would be appropriate to name the baby Boris — if it were a girl.

LOOK — Twitter offers baby boy name ideas

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  • James

    <strong>FAMILY TREE</strong>: James Middleton, Kate Middleton's brother. <strong>MEANING</strong>: <em><a href="http://www.thinkbabynames.com/meaning/1/James" target="_blank">The name James means ‘he who supplants’ and is of Hebrew origin. </a></em> <strong>WHY WE LIKE IT</strong>: James is a favourite among the common people. In a YouGov poll of 1,800 people, a whopping <a href="http://www.firstpost.com/world/queen-victoria-or-king-james-peoples-choice-for-royal-baby-name-954263.html" target="_blank">19 per cent favoured James for a baby boy</a>.

  • David

    <strong>FAMILY TREE</strong>: Harry, Prince of Wales (a.k.a. Henry Charles Albert David) and Prince William's brother. <strong>MEANING</strong>: <em><a href="http://www.thinkbabynames.com/meaning/1/David" target="_blank">David has Hebrew origins and means ‘beloved.’</a></em> <strong>WHY WE LIKE IT:</strong> David Beckham <a href="http://www.mirror.co.uk/news/uk-news/royal-baby-name-david-beckham-2054439" target="_blank">suggested his name might be a good fit for Will and Kate’s first child</a>. The soccer star is pretty much British royalty, so who are we to argue?

  • George VI

    <strong>FAMILY TREE:</strong> King George VI was King of the United Kingdom from 1936 to 1952. <strong>MEANING:</strong> <a href="http://www.thinkbabynames.com/meaning/1/George#zuPdDDIpXvFRlxtj.99">Originally of Greek origin, the meaning of George is "farmer". Also there is the story of Saint George, a knight who became the patron saint of England and achieved legendary status after his struggle with a fire-breathing dragon.</a> <strong>WHY WE LIKE IT: </strong> Besides being a dragon slayer, the name George <a href="http://www.britroyals.com/royaltree.htm">goes back to the Royal family's history books since 1660</a>. George VI was also the last male figure in power — this title currently belongs to Queen Elizabeth II.

  • William Jr.

    <strong>FAMILY TREE:</strong> Prince William, Duke of Cambridge and father. <strong>MEANING:</strong><em> <a href="http://www.thinkbabynames.com/meaning/1/William#kRsY6f1d4xSc9wCW.99">William is of Old German origin and means protection.</a></em> <strong>WHY WE LIKE IT: </strong> Maybe a reason to follow in his father's footsteps, William Jr. may be a suitable name if the couple had a baby boy. Prince William has always been known for his <a href="http://www.biography.com/people/prince-william-9542068">good grades, his love for sports and being a philanthropist.</a>

  • Frances

    <strong>FAMILY TREE:</strong> Princess Diana's mother's name was Frances Shand Kydd. <strong>MEANING:</strong><em> <a href="http://babynamesworld.parentsconnect.com/meaning_of_Frances.html"> Frances, which comes from old French, means to be free.</a></em> <strong>WHY WE LIKE IT: </strong> Another way to keep a grandmother's name in the family, authors have described her as <a href="http://www.dailymail.co.uk/news/article-305277/Tragic-life-Frances-Shand-Kydd.html#ixzz2DM6a2WrQ">"certainly complicated" but also "funny, warm, intelligent and energetic,"</a> according to The Daily Mail. We also like this name because it could be used both for a baby girl or boy.

  • Charles

    <strong>FAMILY TREE:</strong> Charles, Prince of Wales, father of Prince William. <strong>MEANING:</strong><a href="http://www.thinkbabynames.com/meaning/1/Charles#m61zdhqFAc4ViKV8.99"><em> The name is Old German and means free man.</em></a> <strong>WHY WE LIKE IT:</strong> Staying true to a father-son bond, royal sources have said that Prince William has <a href="http://www.telegraph.co.uk/news/uknews/theroyalfamily/8165275/Prince-William-Let-my-father-become-King.html">been very supportive of his father and that they share a closer relationship</a>, according to the Telegraph. Who knows, maybe this is a trait that will continue with Prince William's son.

  • Jason

    <strong>FAMILY TREE:</strong> Actually, this name isn't in the family — but it could be. <strong>MEANING:</strong> <em><a href="http://babynamesworld.parentsconnect.com/meaning_of_Jason.html">Jason means the healer.</a></em> <strong>WHY WE LIKE IT: </strong> It may not be part of the Royal family's family tree just yet, but "Fledgling Jason Steed" is <a href="http://www.dailymail.co.uk/femail/article-2162555/Prince-William-30-things-know-Duke-marks-30th-birthday.html">one of Prince William's favourite books, according to The Daily Mail</a>. The story follows an 11-year-old boy named Jason Steed who is destined to save himself and his country from a nuclear threat.

  • MORE: Kate Middleton's Style Evolution

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  • Alexandra

    <strong>FAMILY TREE</strong>: Queen Elizabeth II (a.k.a. Elizabeth Alexandra Mary), Queen of the United Kingdom and the Commonwealth and Prince William's grandmother. <strong>MEANING:</strong> <em><a href="http://www.thinkbabynames.com/meaning/0/Alexandra" target="_blank">Alexandra is of Greek origin and means ‘man’s defender.’</a> </em> WHY WE LIKE IT: When it comes to betting on royal baby names, Alexandra is a frontrunner, and it’s no wonder why. The classic name favours royal tradition. The <a href="ttp://www.thestar.com/news/world/2013/04/11/princess_alexandra_royal_baby_name_bets_surge.html" target="_blank">Queen’s great-grandmother was named Alexandra</a>. Also, Princess Alexandra, the only current royal household member to bear the name, is a cousin of the Queen and is <a href="http://www.cbc.ca/news/world/story/2013/05/02/f-royal-baby-name.html" target="_blank">known as a hard worker</a>; she carried out <a href="http://www.examiner.com/article/princess-alexandra-is-sick-cancels-engagements" target="_blank">110 engagements in 2012</a>.

  • James

    <strong>FAMILY TREE</strong>: James Middleton, Kate Middleton's brother. <strong>MEANING</strong>: <em><a href="http://www.thinkbabynames.com/meaning/1/James" target="_blank">The name James means ‘he who supplants’ and is of Hebrew origin. </a></em> <strong>WHY WE LIKE IT</strong>: James is a favourite among the common people. In a YouGov poll of 1,800 people, a whopping <a href="http://www.firstpost.com/world/queen-victoria-or-king-james-peoples-choice-for-royal-baby-name-954263.html" target="_blank">19 per cent favoured James for a baby boy</a>.

  • David

    <strong>FAMILY TREE</strong>: Harry, Prince of Wales (a.k.a. Henry Charles Albert David) and Prince William's brother. <strong>MEANING</strong>: <em><a href="http://www.thinkbabynames.com/meaning/1/David" target="_blank">David has Hebrew origins and means ‘beloved.’</a></em> <strong>WHY WE LIKE IT:</strong> David Beckham <a href="http://www.mirror.co.uk/news/uk-news/royal-baby-name-david-beckham-2054439" target="_blank">suggested his name might be a good fit for Will and Kate’s first child</a>. The soccer star is pretty much British royalty, so who are we to argue?

  • Charlotte

    <strong>FAMILY TREE: </strong>Philippa (Pippa) Charlotte Middleton, Kate’s younger sister. <strong>MEANING</strong>:<em> <a href="http://www.thinkbabynames.com/meaning/0/Charlotte" target="_blank">Charlotte, of Old German origins, means ‘free man.’</a></em> <strong>WHY WE LIKE IT</strong>: Charlotte is <a href="http://www.gmanetwork.com/news/story/317775/showbiz/showbizabroad/royals-waiting-by-telephone-for-kate-s-baby" target="_blank">another favourite in betting circles for obvious reasons</a>. This name has historical royal ties -- Queen Charlotte was King George III’s wife – and it’s still quite popular today, according to online baby name guide Nameberry. It <a href="http://nameberry.com/blog/girl-names-2013-our-100-most-popular-so-far#more-26046" target="_blank">earned second place on the site’s annual ranking</a>, and parents love its “feminine yet grownup” feel.

  • Elizabeth

    <strong>FAMILY TREE:</strong> Queen Elizabeth II, Queen of the United Kingdom and the Commonwealth and Prince William's grandmother. <strong>MEANING:</strong> <a href="http://www.thinkbabynames.com/meaning/0/Elizabeth#qwA1pvxW5c1iTKTx.99"><em>Elizabeth is of Hebrew origin and means God's promise or God is my oath.</em></a> <strong>WHY WE LIKE IT: </strong> Why wouldn't you want to be named after one of the most powerful women in the United Kingdom? Even though sources report that the couple has decided to use <a href="http://hollywoodlife.com/2012/06/11/prince-william-kate-middleton-baby-plans-name-princess-diana/">Elizabeth as one of two middle names</a>, Elizabeth not only honours the baby's great grandmother, but Kate Middleton's middle name is Elizabeth as well.

  • George VI

    <strong>FAMILY TREE:</strong> King George VI was King of the United Kingdom from 1936 to 1952. <strong>MEANING:</strong> <a href="http://www.thinkbabynames.com/meaning/1/George#zuPdDDIpXvFRlxtj.99">Originally of Greek origin, the meaning of George is "farmer". Also there is the story of Saint George, a knight who became the patron saint of England and achieved legendary status after his struggle with a fire-breathing dragon.</a> <strong>WHY WE LIKE IT: </strong> Besides being a dragon slayer, the name George <a href="http://www.britroyals.com/royaltree.htm">goes back to the Royal family's history books since 1660</a>. George VI was also the last male figure in power — this title currently belongs to Queen Elizabeth II.

  • Diana

    <strong>FAMILY TREE:</strong> Princess Diana, The Princess of Wales and Prince William's mother. <strong>MEANING:</strong> <em><a href="http://babynamesworld.parentsconnect.com/meaning_of_Diana.html">Diana is derived from either an Indo-European root meaning 'divine' or from the Latin word 'diviana.'</a></em> <strong>WHY WE LIKE IT: </strong> After Princess Diana's tragic car crash in 1997, Diana would be a wonderful tribute to remember Lady Di. Again, sources say the couple plan on using Diana as a middle name, but we would love to see Diana used as the first name.

  • William Jr.

    <strong>FAMILY TREE:</strong> Prince William, Duke of Cambridge and father. <strong>MEANING:</strong><em> <a href="http://www.thinkbabynames.com/meaning/1/William#kRsY6f1d4xSc9wCW.99">William is of Old German origin and means protection.</a></em> <strong>WHY WE LIKE IT: </strong> Maybe a reason to follow in his father's footsteps, William Jr. may be a suitable name if the couple had a baby boy. Prince William has always been known for his <a href="http://www.biography.com/people/prince-william-9542068">good grades, his love for sports and being a philanthropist.</a>

  • Margaret Rose

    <strong>FAMILY TREE:</strong> Princess Margaret, Countess of Snowdon, was Queen Elizabeth's sister. <strong>MEANING:</strong> <a href="http://www.thinkbabynames.com/meaning/0/Margaret#TXLuZUx8EPt4sFuw.99"><em> Margaret is of Greek origin and means pearl.</em></a> <strong>WHY WE LIKE IT: </strong> Keeping it in the family, we like that fact that Princess Margaret was the Queen's youngest and only sibling. Margaret lived a life of controversy when it came to her love life and divorce, but <a href="http://www.telegraph.co.uk/news/obituaries/1384429/H-R-H-The-Princess-Margaret.html">she was remembered for her affection and love for her family</a>, according to The Telegraph. Plus, so many good nickname possibilities!

  • Frances

    <strong>FAMILY TREE:</strong> Princess Diana's mother's name was Frances Shand Kydd. <strong>MEANING:</strong><em> <a href="http://babynamesworld.parentsconnect.com/meaning_of_Frances.html"> Frances, which comes from old French, means to be free.</a></em> <strong>WHY WE LIKE IT: </strong> Another way to keep a grandmother's name in the family, authors have described her as <a href="http://www.dailymail.co.uk/news/article-305277/Tragic-life-Frances-Shand-Kydd.html#ixzz2DM6a2WrQ">"certainly complicated" but also "funny, warm, intelligent and energetic,"</a> according to The Daily Mail. We also like this name because it could be used both for a baby girl or boy.

  • Victoria (Or Victor)

    <strong>FAMILY TREE:</strong> Queen Victoria <a href="http://www.guardian.co.uk/uk/2011/may/12/queen-elizabeth-second-longest-reigning-monarch">spent 63 years on the throne. </a> <strong>MEANING:</strong> <em><a href="http://www.thinkbabynames.com/meaning/0/Victoria">Victoris of Latin origin and means victory.</a></em> <strong>WHY WE LIKE IT: </strong> Queen Victoria continues to be the family's longest reigning monarch and the longest reigning female in power. As a child, she was known as a "patient rebel" — <a href="http://www.bbc.co.uk/history/british/victorians/queen_victoria_01.shtml">always aiming to be "good" but also very strong-minded, </a>according to Professor Lynne Vallone.

  • Charles

    <strong>FAMILY TREE:</strong> Charles, Prince of Wales, father of Prince William. <strong>MEANING:</strong><a href="http://www.thinkbabynames.com/meaning/1/Charles#m61zdhqFAc4ViKV8.99"><em> The name is Old German and means free man.</em></a> <strong>WHY WE LIKE IT:</strong> Staying true to a father-son bond, royal sources have said that Prince William has <a href="http://www.telegraph.co.uk/news/uknews/theroyalfamily/8165275/Prince-William-Let-my-father-become-King.html">been very supportive of his father and that they share a closer relationship</a>, according to the Telegraph. Who knows, maybe this is a trait that will continue with Prince William's son.

  • Jason

    <strong>FAMILY TREE:</strong> Actually, this name isn't in the family — but it could be. <strong>MEANING:</strong> <em><a href="http://babynamesworld.parentsconnect.com/meaning_of_Jason.html">Jason means the healer.</a></em> <strong>WHY WE LIKE IT: </strong> It may not be part of the Royal family's family tree just yet, but "Fledgling Jason Steed" is <a href="http://www.dailymail.co.uk/femail/article-2162555/Prince-William-30-things-know-Duke-marks-30th-birthday.html">one of Prince William's favourite books, according to The Daily Mail</a>. The story follows an 11-year-old boy named Jason Steed who is destined to save himself and his country from a nuclear threat.

  • Smythe

    <strong>FAMILY TREE:</strong> Okay, we're throwing this one out there but hear us out. <strong>MEANING:</strong> Smythe is <a href="http://www.thinkbabynames.com/meaning/1/Smythe#JcjQC8yGuqc40VS4.99">Old English for 'blacksmith.'</a> <strong>WHY WE LIKE IT: </strong> Kate Middleton has been seen donning a Canadian-made <a href="http://www.huffingtonpost.ca/2012/07/31/kate-middleton-olympic-outfit_n_1723426.html">Smythe blazer several times</a>, including during the 2012 London Olympic Games. And who doesn't like the sound of Smythe for a baby girl? At least it doesn't rhyme easily.

  • MORE: Kate Middleton's Style Evolution

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