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Buckingham Palace announces another royal baby

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AP/Matt Dunham

(Read caption) Buckingham Palace announced Zara Phillips, the Queen's granddaughter, is expecting a child with husband Mike Tindall in 2014. Place your bets now.

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It's not the royal baby, but it's the royal rugby baby.

Buckingham Palace announced yesterday that the Queen's granddaughter, Olympic silver medallist Zara Phillips, is expecting a child with rugby-playing husband Mike Tindall early next year. 

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"The Princess Royal and Captain Mark Phillips, Mr Phillip and Mrs Linda Tindall, and members of both families are delighted with the news," says an official statement from the British Monarchy's official website. 

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The baby will be the couple's first child and the Princess Royal's third grandchild. 

As we've seen with the royal baby, expected to be in the arms of mom Kate Middleton any day now, the Brits like to incorporate royal family life into their betting schemes. Once news spread of the Tindall's baby, bookmaker Paddy Power put the odds at 8 to 1 the couple would name their kin Elizabeth or Phillip. The Tindall's baby's future is also worth something — people are actually betting whether it 5will play rugby like dad and or represent the British flag in the Olympics like mom, according to The Telegraph.

Meanwhile wagering  circling around Kate Middleton and Prince Williams' baby include whether it'll be a boy or girl; whether mom or dad will the baby's future boyfriend or girlfriend's name