These are the names Prince Harry and Meghan Markle may choose for their royal baby

After weeks of rumours, Prince Harry and Meghan Markle have finally confirmed that they are expecting their first child together!

One of the first questions on everyone’s mind is what will they name their little bundle of joy?

• READ MORE: Prince Harry and Meghan Markle announce that she is pregnant

Royal bookmakers have already been casting their bets for what monikers the Duke and Duchess of Sussex may lean towards.

The couple – who reportedly broke the news to The Queen and other key members of the royal family during Princess Eugenie's wedding – is said to be leaning towards something that may honour Harry’s late mother, Princess Diana.

• READ MORE:  Is this what Prince Harry and Meghan Markle's baby will look like?

Katie Bayliss, a spokesperson for Betfair, told The Sun that names like Diana, Arthur and Alice are sitting at the top of the list.

"At this stage Diana, Arthur and Alice, which was favourite at different stages for Kate and William’s babies, are the 12/1 front-runners,” Katie explained.

• READ MORE:  The internet is absolutely losing it over Meghan Markle's 'bump'

Other baby name options include Edward or Elizabeth – after Her Majesty The Queen – both at 61/1, followed by James at 18/1 and Victoria at 20/1.

Name odds for Harry and Meghan’s first child from Betfair:

• 12/1 Diana 
• 12/1 Arthur 
• 12/1 Alice 
• 16/1 Edward 
• 16/1 Elizabeth 
• 18/1 James 
• 20/1 Victoria 
• 25/1 Henry 
• 25/1 Oliver 
• 25/1 Thomas 
• 30/1 Albert 
• 30/1 Grace 
• 33/1 Mary 
• 33/1 Olivia 
• 33/1 Alexander 
• 50/1 Harry 
• 50/1 Susan 
• 66/1 Tyrone 
• 66/1 Emily 
• 66/1 Carol 
• 66/1 Sophie 
• 100/1 Theresa 
• 100/1 David 
• 100/1 Rhys
• 100/1 Jamie 
• 100/1 Niall 
• 100/1 Michael 
• 100/1 Patrick 
• 100/1 Rory 
• 150/1 Denny 
• 150/1 Barry 
• 150/1 Jed 
• 200/1 Boris
• 200/1 Joffrey