Tuesday, June 23, 2009 7:06am ET by  
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Little Boots has been nominated for this year's Mercury Music Prize

Pop singer Little Boots and indie veterans Doves have been named as the favourites to win this year's Mercury Music Prize. 

Little Boots' debut album 'Hands' entered the chart at number five and her first LP has made good on pre-release hype with both she and Doves' fourth album Kingdom of Rust adjudged to be 5-1 odds on to win the prestigious award. 

Bat for Lashes' second album Two Suns is third favourite at 6-1 while the still unreleased debut efforts from rising stars La Roux and Florence and the Machine are also well fancied by bookmakers. 

Though betting is already underway for the annual award - won last year by Elbow's The Seldom Seen Kid - nominations will not be announced until late July. 

Glasvegas' self-titled debut album and Lily Allen's sophomore collection It's Not Me, It's You are both 12-1 on to scoop the award with Friendly Fires, the Bug and the Horrors all 20-1 on. 

New efforts by Gallows and Manic Street Preachers offer good odds at 50-1 while Oasis' recent album Dig Out Your Soul is a 100-1 long shot.

Listen to the track 'Hands' by Little Boots below: