Princess Charlotte: Kate Middleton and Prince William name new royal baby

[caption id="attachment_80647" align="alignright" width="300"] NATION'S DARLING: Britain's Prince William and his wife, Catherine, the Duke and Duchess of Cambridge, pose with their newborn daughter outside the Lindo Wing at St Mary's Hospital in Paddington on Saturday Picture: EPA -[/caption]

The Duke and Duchess of Cambridge named their daughter Charlotte Elizabeth Diana, it was announced on Monday (04/05/15).

The baby will be known as Her Royal Highness Princess Charlotte of Cambridge.

The betting industry is estimated to have paid out one million pounds to punters who guessed the name Charlotte, according to Ladbrokes.

Spokeswoman Jessica Bridge 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."

But bookies William Hill said they were breathing a sigh of relief that William and Kate picked Charlotte - and not their favourite Alice.

Spokesman Rupert Adams said Charlotte finished as their 3/1 second favourite, with 5,096 punters correctly guessing the name and in total they would pay out just over £100,000 in the name market.

One lucky royal fan - a woman from Barnes - has won £1,400 after placing £400 on the correct name at odds of 5/2 on Saturday evening.

- The Telegraph