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Little Mix beat off stiff competition from fellow finalist Marcus Collins to become the first band in the history of the ITV1 show to be crowned champions.

It is estimated punters will collect over £200,000 in winning bets after the girl group had been the favourites for several weeks, but it is the girl group themselves that are set to rake in millions with music tycoon Simon Cowell laying plans to turn them into the next Spice Girls.

The girls were very emotional, wiping away tears as they told of their delight after the decision at the packed Wembley Arena in North London.

The four girls won the public vote and beat hairdresser Marcus Collins, to the title. Gracious in defeat, Marcus said: "The girls really deserve it. They are amazing."

The girl band have already launched their attack on the charts with a rendition of Damian Rice’s “Cannonball”, which was chosen to be the winners track a few weeks ago. However, Little Mix weren't installed favourites to be Christmas Number One by bookies last night.

In recent years the X Factor winner has been the most fancied to be the festive top seller. But last night they were only made 9/4 second favourites behind the Military Wives track "Wherever you are".

Jessica Bridge of Ladbrokes said: "Little Mix will serve it up to the Military Wives in the battle for the Christmas Number One race. We still reckon Gareth and the Wives are in pole position for now, however."

The X-Factor winner is set to release a cover of Damien Rice's 'Cannonball' as their debut single, according to the Sun.

According to the article, all four of the show’s remaining contestants have recorded a version of 'Cannonball', which one of three tracks being considered for release.

A source told the paper: "It's one of three songs being considered for release. The acts are still recording the different options but Cannonball has a good shot. After reworking Leonard Cohen's 'Hallelujah' for Alexandra Burke then Biffy's track 'Many Of Horror' for Matt last year, it's the next step. It would be a safe bet to sell well in the run-up to Christmas."

This year’s “talent” competition ends on December 11, with the named winner releasing their debut single on that very same night. With the Christmas Number One being announced on Christmas Day itself this year, the single will need to secure two weeks at Number One to become this year’s Christmas chart topper.

When 'Cannonball' was released as a single back in 2004 it peaked in the charts at Number 19, but the track been in constant use ever since on television and film, and is considered as one of the iconic songs of the “noughties”.

After the success of 2008 winner Alexandra Burke’s covering of Leonard Cohen's 'Hallelujah' as her debut release, Rage Against the Machine beat X Factor's Joe McEldery to Christmas No 1 after a Facebook campaign against Simon Cowell's chart domination of the Christmas number 1.

X-Factor winner Matt Cardle covered Biffy Clyro's 'Many Of Horror' (renamed 'When We Collide') when he won the competition last year but there are further grumblings of another campaign to take back to top spot from the X-factor Christmas No 1 juggernaut.

Rebel Trading Company is a UK based manufacturing campaign which specialises in the design and production of some pretty damn glitzy microphone stands. And the worrying thing is, they can manufacture their stands to any specifications, well within vague parameters of normality anyway, so even the most bizarre of vocalist fetishes can be pandered to; a dangerous game indeed. Just take Aled Phillips' (Kids In Glass Houses) flouncy yet chic, rose-adorned stand above as an example.

Each stand is designed exclusively to meet the customer’s preferences. So whether it’s the height, weight, function, colour or finished paint effect, you can really go to town and satisfy your deepest darkest desires. Some wackos even go the whole hog and fill them full of LEDs. And why not?

To get your imaginations warmed up, let’s go through just a few of the fanciful customisation options which can be applied to your mic stand:

•    Rebel custom glitter effect – a bit tame
•    LED lighting – getting warmer
•    Glow effect – ideal for techno
•    Leather effect – now you’re talking
•    Diamante – my word

It will come as no surprise having read the above list that the Rebel Trading Company supply the musical extravaganza that is the X Factor with their custom microphones. So if you choose to splash out on one of these unique little masterpieces you can rest assured that such complete talent mongers like Aiden Grimshaw and Cher Lloyd have warbled into them before you.

You know what I always say, “If it’s good enough for Mary Byrne it’s good enough for me.” An excellent mantra for life - try it yourself. It backfires in the pastry isle of Morrisons though.

On the more wholesome side of music, the company have also supplied microphone stands to the likes of Kids In Glass Houses, Status Quo, My Passion and Dimmu Borgir.

Sadly not everyone can afford their own custom made mic stand, so if you are more interested in finding an affordable microphone stand, then Instrumania provides the perfect resource with which to do so.