£1million Payout Due To Royal Bet Name (Charlotte)

The name chosen pays tribute to some of the most important people in the Kate and William's lives, including William's father Prince Charles, grandmother the Queen and notably, his late mother Princess Diana.
William and Kate Middleton, had named their daughter Princess Charlotte Elizabeth Diana which it emerged bookmakers had to pay out an estimated £1million following Monday's naming announcement. 

Alice was previously a firm favourite with the bookies, but Charlotte had a last minute surge in popularity in the last week. The name was the most popular bet since the Princess of Cambridge was born on Saturday morning. 

Jessica Bridge from Ladbrokes said: "Charlotte was the hot tip over the weekend and royal watchers up and down the land are quids in. We may have lost a fortune but we're paying out with a smile and wish the Duke and Duchess all the best."

Princess Charlotte's name cost bookmakers £1million

Meanwhile Nicola McGeady, a spokesperson for Coral, said: "After punters had already correctly predicted a girl, we were praying Will and Kate would opt for anything but Charlotte, Alice or Olivia. 

"As if Saturday's pay-out wasn't enough, we've now had to double it today, making this one of the most costliest results in royal betting history."