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Some online betting sites like Betfair.com had already paid out more than 100,000 pounds ($162,000) to customers who backed a "No" vote for Scotland's independence. Odds were coming in a 7-2 at PaddyPower.com on the passage of the referendum just hours before polling was to close on the Independence Referendum. Results were trickling in throughout the early morning hours Friday and it was becoming obvious that Scotland would be staying a part of the United Kingdom. Shortly before 5:30 am local time, the BBC had declared the NO vote a winner.
Those looking to bet on the non-passage would have had to lay US$11 to win US$2 at PaddyPower.
Gamblers throughout the Americas were able to take advantage of this betting option via Bookmaker.eu, which had Scotland staying with the United Kingdom priced at -450. Independence, something that is entirely possible, would pay 3-1 odds.
Scotland has been a part of the United Kingdom for more than 300 years.
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Scottish politician Alex Salmond told the Telegraph implementation of new policies and laws will take 18 months to decide, pointing out that, when Czechoslovakia split into the Czech Republic and Slovakia, it required 30 Treaties and some 2000 legal agreements to give effect to the separation, and they were still negotiating about some issues ten years later.
And if Scotland were to have become independent, the world probably would not come to an end.
There were liable to be some disruptions felt on the worldwide stock exchanges initially, however. Likewise, the UK’s nuclear arsenal is based out of Scotland. Hence, if Scotland ever decided it wanted to go to war with the UK or vice versa, guess who would have the upper hand. To be fair, Scotland wishes to get rid of the weapons.
Perhaps more nuclear than those bombs, the scariest question of all: What will become of Scotland’s third largest industry, Whiskey distilling?
From Vox.com:
Right now, there aren't legal restrictions on exporting Scotch to other EU countries, because Scotland is in the UK and the UK is in the EU. If Scotland were to break off, it would want to join the EU on its own — but other countries might vote against it. And if Scotland were left out of the EU, Scotch exporters would have to deal with tariffs and trade barriers.
- Alistair Prescott, Gambling911.com
