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Catherine, Duchess of Cambridge smiles and waves to the crowds from the balcony of Cambridge Guildhall as she pays an official visit to Cambridge with Prince William, Duke of Cambridge on November 28, 2012 in Cambridge, England.
Early this morning, Prince William and his wife, the Duchess of Cambridge, went to St. Mary's Hospital in central London. Kate is expected to give birth in a private wing of the hospital, the same wing where Princess Diana gave birth to William and his younger brother, Prince Harry.
Royal watchers are anxiously awaiting news of the baby's gender, time of birth, and of course, the name. Bookies are also waiting with bated breath; They've been taking bets on these details for months.
For the latest on the wagers, we're joined now by Rory Scott with the Irish betting firm Paddy Power, and he's currently outside the hospital.