Paul Weller, The xx Braced For Mercury Prize 2010 Battle

Paul Weller is the clear favourite to win this year's Mercury Prize, according to bookmakers.

A flurry of bets have been placed on the former Jam singer to take home the award at a ceremony in London tonight (September 7).

Weller's latest album 'Wake Up The Nation', which is one of twelve albums nominated for the award, is 1/10 favourite to win.

Other nominees include The xx, for their self-titled debut, Wild Beasts, previous winner Dizzee Rascal and Biffy Clyro.

The winner will be selected by a panel of judges comprised of members of the music industry.

Previous winners have included have included Elbow, Primal Scream, Klaxons and Arctic Monkeys.

MORE: Past Winners Of The Mercury Prize.

Gigwise will bring you the winner, as well as all the latest news, from the ceremony in London.

You can also watch live coverage of the Mercury Prize on BBC Two at 10pm (BST).

BLOG: Mercury Prize 2010: Who Deserves To Win The Award?

Mercury Prize 2010 - The Nominees