On the Paddy Power betting website, more than $325,000 hinged on a single unborn baby.
When will it arrive? What will its name be? The shortest odds were on (1) this week and (2) Diana.
But isn’t it kind of icky to put money down on a woman’s pregnancy? Even if that woman is Meghan Markle, arguably the most famous American in Britain and definitely the best-known actress turned duchess there? Even if the baby is a Royal Baby?
“The idea of tens of thousands of strangers voting on the sex of your unborn baby is frankly bizarre, but it’s part of the buildup to a royal birth and an acceptable part of the narrative,” said Katie Nicholl, who comments on the royals for a living and wrote a book titled “Harry and Meghan: Life, Loss, and Love.”
She added: “It’s generally seen as harmless fun and an age-old tradition that’s synonymous with royal births.”
It’s also a chance to make a lot of money off a newborn.
Last year’s wedding of Prince Harry and Markle — now the Duke and Duchess of Sussex — was popular with gamblers.There were guesses about her dress (Givenchy), his beard (intact) and the weather (lovely).
But there are far more bets on Baby Sussex, who will be seventh in line to the throne. At the bookmaker William Hill, wagers are expected to reach $1.3 million. Another bookmaker, Boyle Sports, is taking bets on categories like the baby’s godparents and weight.
That’s more action than for each of the baby’s three royal cousins — the children ofCatherine, the Duchess of Cambridge, and Prince William, Harry’s brother — who are third through fifth in the succession lineup.
On the BookMaker.eu website, odds favor the baby’s being born in the morning on a Sunday, said Angus Hamilton, an entertainment specialist for the sports betting platform, who remembers similar wagers being placed when Princess Diana was pregnant.
The betting market for royal babies is not enormous, Hamilton said. On BookMaker.eu, there is less than $100,000 in related wagers, compared with the $1 million in bets that the Oscars sometimes draw on the day of the ceremony.
“It’s not college basketball or the Super Bowl, but it’s a bit of fun,” he said. “Royal babies are big news in the U.K., but people are excited about this one in particular.”
That’s why Tilletts, a jeweler in Norwich, is marking the birth by charging $5,500 for a jar of diaper rash cream. The lid is made of silver, engraved with the British and American flags and set with diamonds, inspired by “the sparkling warmth and charm of Meghan’s personality,” according to the company.
The proceeds will be sent to Ickle Pickles, a charity that provides intensive care equipment for premature babies.
Baby Sussex is expected to be an economic stimulus for British pubs, restaurants, souvenir shops and museums, with an uptick in tourists, especially from the United States, said Richard Haigh, the managing director of Brand Finance, a consulting firm. Last year, it estimated that the Sussex wedding fueled $1.5 billion in spending.
Immediately after the birth, sales of memorabilia and other baby-related products could reach nearly $100 million in Britain and the rest of Europe, with some related spending in North America, according to the Center for Retail Research in Norwich.
Stores in Britain have already geared up for a boom in baby-related spending.
Biscuiteers, a London company specializing in iced cookies, is marking Baby Sussex’s birth with a luxury biscuit tin of decorated sweet treats featuring crowns and baby onesies that customers can buy for 45 pounds (about $59).
Sophie Allport, a British housewares brand, has designed a bone china mug adorned with American flags and Union Jacks. The baby’s name and date of birth will be applied to the inside rim of the mugs and delivered to customers after the birth.
©2019 New York Times News Service