Royal Baby, Kate Middleton, Catherine, Duchess of Cambrige, Prince William

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Ladies and gents, place your bets! (Yes, this is still going on.)

In case you're itching for a gamble, there's still time to put down some money on what you think Prince William and Kate Middleton will name their son, and right now bookies are saying the new favorite for the Prince of Cambridge is James.

That moniker currently has 2-1 odds of being chosen, surpassing the earlier leader among boys' names, George, which is now 5-1, along with Henry—Prince Harry's real name—according to The Daily Mail.

Victoria Arbiter, ABC's royals contributor and daughter of former Queen Elizabeth II press secretary Dickie Arbiter, previously told E! News, "I wouldn't be surprised if we saw George as a first name as a tribute to the queen's father."

She added, "What is nice about George is it has become a bit trendy, cool and fun again without being silly. We may also see mention of Philip, possibly Charles for William's father. We may see Arthur, which is a middle name that both William and Charles share. All very traditional."

The name James also has links to both families, however William's cousin, the Earl and Countess of Wessex's son Viscount Severn, already has that name.

Plus, Great Britain has had no fewer than seven King Jameses over the last millennium, so we know that works for the monarchy.

"The name of the baby will be announced in due course," Kensington Palace said in a statement today. Will and Kate will decide when to make the announcement.

Prince William's own parents, Prince Charles and the late Princess Diana, waited a week before announcing Will's name, while Queen Elizabeth II and Prince Phillip spent an entire month picking out a name for Charles.

So again, we enter the waiting game.

Tune in to E! News for continuing coverage of the royal baby!

PHOTOS: Pregnant Kate Middleton

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