On Dec. 4, Palace officials made the following announcement:

"Their Royal Highnesses The Duke and Duchess of Cambridge are very pleased to announce that The Duchess of Cambridge is expecting a baby. The Queen, The Duke of Edinburgh, The Prince of Wales, The Duchess of Cornwall and Prince Harry and members of both families are delighted with the news."

If interested, gamblers can now bet on the following props. The baby is expected to be born in the summer of 2013.

What will the name of Prince William and Kate Middleton's first child be?
John 10/1
Robert 10/1
Anne 12/1
Charles 12/1
Frances 12/1
George 14/1
Louis 14/1
Mary 14/1
Richard 14/1
Carole 16/1
Diana 12/1
Edward 14/1
Henry 14/1
Matthew 20/1
Spencer 16/1
Alice 20/1
Andrew 20/1
Victoria 14/1
Lance 33/1
Catherine/Kate 25/1
Oliver 33/1
Mitt 250/1
Barack 250/1
Oprah 250/1

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What gender will Prince William and Kate Middleton's first child be?
Boy -110
Girl -110

What will the name of Prince William and Kate Middleton's first child be?
John 10/1
Robert 10/1
Anne 12/1
Charles 12/1
Frances 12/1
George 14/1
Louis 14/1
Mary 14/1
Richard 14/1
Carole 16/1
Diana 12/1
Edward 14/1
Henry 14/1
Matthew 20/1
Spencer 16/1
Alice 20/1
Andrew 20/1
Victoria 14/1
Lance 33/1
Catherine/Kate 25/1
Oliver 33/1
Calvin 150/1
Mitt 250/1
Barack 250/1
Oprah 250/1

What will the hair color of Prince Williams and Kate Middleton's first child be?
Brown 3/2
Blonde 2/1
Black 7/2
Red 4/1

What will be the weight of Prince William and Kate Middleton's first baby be?
7lbs to 7lbs 15oz 9/4
8lbs to 8lbs 15oz 3/1
6lbs to 6lbs 15oz 3/1
5lbs to 5lbs 15oz 11/2
10lbs or over 6/1
9lbs to 9lbs 5oz 13/2
4lb and 15 ounces or less 8/1