This morning people across Australia are waking up to the exciting news that the Duchess of Sussex, Meghan Markle, has given birth to a baby boy with Prince Harry.

The news was announced in a truly 21st century way – through a post to the Sussex Royal Instagram account.

The original post said that both Meghan and the royal baby were healthy and doing well.

“We are pleased to announce that Their Royal Highness The Duke and Duchess of Sussex welcomed their firstborn child in the early morning on May 6th 2019. Their Royal Highnesses’ son weighs 7;bs 30z,” the post read.

Now that we know the royal baby is a little boy, the waiting game continues as we await the announcement of a name.

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Speaking in a video also posted to the royal Instagram account, Prince Harry addressed the media, absolutely gushing about Meghan and his son.

After thanking everyone for their support throughout the pregnancy, Prince Harry said that the couple was “thinking about names but, the baby is a little overdue so we’ve had a little bit of time to think about it.”

But the royals aren’t the only ones thinking about names! All bets are off for what people think the latest royal bub will be called.

According to the odds on Sportsbet here in Australia, the most popular name for the baby boy is Alexander, coming in at 4.80, followed closely by James at 5.20 and Arthur and 6.00.

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The traditional names seem to be very popular with Spencer coming in next at 9.20, Philip, after the baby’s great grandfather at 10.20 and Charles after his grandfather at 11.50.

Albert, Edward and Oliver (which is currently the most popular name for a boy in Australia) are also amongst the mix.

But what’s almost more interesting is when you scroll all the way down to the bottom of the bets, you find the names that are incredibly unlikely but nonetheless names that people have legitimately put money on.

And some of them are seriously INSANE.

All coming in at 501.00, which incase you’re not a betting person is incredibly unlikely odds, we have names like Buddha, Euron, Ganesha, Genghis, Boris and Aegon.

Some people have taken a very religious approach with some of the names with Jesus and Muhammad amongst the mix at these unlikely odds.

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Others have taken inspiration from the highest grossing movie at the moment – Avengers: Endgame – with Thanos and Thor suggested at the 501.00 odds.

Of course you’d be laughing if one of these names actually WAS chosen by Meghan and Harry and you’d placed $50 on it… But we wouldn’t be holding our breath for that to happen!

Our money’s definitely on something more traditional. But we guess we’ll just have to wait and see!