The Maccabees, Emeli Sande, Bombay Bicycle Club are also rated as good bets by bookmakers Paddy Power

Alt-J have been named as the odds-on favourite for the 2012 Mercury Prize by bookmakers Paddy Power.

The indie band’s critically acclaimed debut album ‘An Awesome Wave’ is rated as 6/1 to win £20,000, way ahead of any of the other competitors.

Also ranked highly by Paddy Power are Richard Hawley’s ‘Standing At Sky’s Edge’, Florence And The Machine’s ‘Ceremonials’ and Sweet Billy Pilgrim’s ‘Crown And Treaty’, which are all rated at 10/1 to scoop the prize.

Slightly further back at 14/1 are The Maccabees, Emeli Sande, Hot Chip and Django Django, while Portico Quartet are named at 16/1. A clutch of artists are given odds of 20/1, including Coldplay, Michael Kiwanuka, Bombay Bicycle Club, Jessie Ware and Rumer, with the likes of Ed Sheeran, Orbital and Pulled Apart By Horses back at 25/1.

Paddy Power clearly don’t rate Marina & The Diamonds and The Ting Tings’ chances too highly, with the pair named at 100/1 and 150/1 respectively.

Noel Gallagher’s High Flying Birds, Mystery Jets and Plan B are among the artists not listed in the betting so far.

The nominations for the 2012 Mercury Prize are announced on September 12, with the ceremony itself taking place on November 1 at London’s Roundhouse.

All of this year’s nominees will be invited to perform at the event, while each act will also headline a number of special gigs leading up to the ceremony.