The bookies give Damon Gough the edge over Coldplay - and nme.com will be first to let you know what happens...

Badly Drawn Boy has emerged as the late favourite to win this year’s MERCURY MUSIC PRIZE, the result of which will be announced this evening (12 September).

nme.com will be at Grosvenor House Hotel on Park Lane in London from 6pm tonight, bringing you unrivalled coverage of the event as it happens.

The result will follow weeks of speculation as to who will scoop the title of British album of the year, and walk away with the #20,000 prize money.

According to bookmakers William Hill, the favourite to win is now ‘The Hour Of Bewilderbeast’ by Badly Drawn Boy, aka Damon Gough, with odds of 2-1. He has overtaken original favourites Coldplay with their debut album ‘Parachutes’, which now stands at 3-1.

The full list of final odds – bets on which closed yesterday – are as follows: Badly Drawn Boy – ‘The Hour Of Bewilderbeast’ (2-1) Coldplay – ‘Parachutes’ (3-1) Kathryn Williams – ‘Little Black Numbers’ (4-1) Death In Vegas – ‘The Contino Sessions’ (4-1) ) MJ Cole – ‘Sincere’ (7-1) The Delgados – ‘The Great Eastern’ (8-1) Doves – ‘Lost Souls’ (12-1) Richard Ashcroft – ‘Alone With Everybody’ (12-1) Leftfield -‘Rhythm & Stealth’ (14-1) Nitin Sawhney -‘Beyond Skin’ (25-1) Helicopter Girl – ‘How To Steal The World’ (33-1) Nicholas Maw – ‘Violin Concerto’ (33-1)

nme.com will be there all evening, and will announce the winner as soon as the results are confirmed. Tomorrow morning we will bring you a full video report of the highlights from the star-studded ceremony, which is hosted this year by Jools Holland.