By the 20th century, pari-mutuel betting systems (a French invention)

 As the sport gained popularity, so did wagering. The Jockey Club, founded in 1750, established rules and regulations, laying the foundation for modern horse racing and betting systems. The sport spread across Europe and to America, where horse betting became a cultural staple, especially at iconic tracks like Churchill Downs, home of the Kentucky Derby.By the 20th century, pari-mutuel betting systems (a French invention) replaced traditional bookmaking in many countries. In this system, bets are pooled and payouts are based on the total amount wagered, offering transparency and reducing fraud.Know more info about #SportsbettingIreland  

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