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What's in a name? A lot if you happen to be a member of the Royal Family! As Duchess Kate's due date approaches -- she's reportedly due between mid and late April -- speculation into the moniker she and Prince William have selected for their second-born child is heating up.

British bookies have calculated the odds for each of the public's favored names for the fourth in line to the British throne, and according to People.com, at the head of the pack is Alice -- in honor of Queen Victoria's third child and the late aunt of Queen Elizabeth II -- if the baby is a girl.

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Other strong contenders are Victoria, Elizabeth, Charlotte -- the female version of Charles, in honor of the Prince of Wales -- and Alexandra, which happens to be Queen Elizabeth's second name.

British betting and gaming company Ladbrokes also places the odds that William and Kate will name their daughter Diana -- in honor of the Duke of Cambridge's mother, the late Princess Diana -- at 14 to 1.

"It would have all sorts of associated baggage," Majesty magazine managing editor Joe Little told People.com of that option.

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Meanwhile, if the baby is a boy, the name James is highly favored. In addition to the two British kings and seven Scottish kings named James, Prince William has a cousin named James and Duchess Kate's younger brother is named James too! (Arthur, Henry, Charles and Thomas are reportedly favored as well.)

The public likely won't suffer long before the revelation of the name Will and Kate have selected for their second bundle of joy. The duo waited just a day to release Prince George's name after his birth in July 2013.

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And for anyone out there who happens to be the betting type, keep this in mind: Before Duchess Kate gave birth to her first child back in spring 2013, "George" was the frontrunner for the third in line to the British throne -- and we all know how that turned out!