We know exactly how the Duke and Duchess of Cambridge are engaged today. It seems that the vast remainder of the English-speaking world is guessing about baby names. Victoria, Charlotte (that Pippa’s middle name) or maybe Alice. All lovely. Many bettors among the wagering masses in Britain’s capital would love to listen in on what Kate and William are murmuring about on this topic. As the Duchess of Cambridge went into labour Saturday morning betting shops saw Charlotte emerge as the favourite for the name of the new royal baby – overtaking long-time favourite Alice. Bookmaker William Hill yesterday slashed the odds of the baby being named Princess Charlotte, which stand at 5/4 now that the sex of the baby has been announced. But other bookies have Alice still as their top pick – with Ladbrokes offering odds of 5/4.