DAVIES: There’s no doubt that sports betting has become a bigger part of the gaming industry. But can it really be profitable on a consistent basis?

LIPTON: No one is ever guaranteed to win, and even the most experienced bettors will suffer some losses. But you can learn to be a smarter bettor by studying statistics and math instead of making rash decisions based on emotions or locker room gossip. You can also hone your skills by taking advantage of free tools and tips from experts in the field.

Another important strategy is to bet on sports you understand, and ideally follow closely. In addition, you should always look for the best odds on a particular wager. The reason is that different sportsbooks will often price their odds differently, and it can make a big difference in your overall profit. This is especially true for bets on team totals or props.

You should also consider specializing in certain sports or markets. This will help you to develop a deeper understanding of the nuances and factors that influence outcomes. In addition, focusing on specific sports will allow you to avoid betting based on emotion or irrational beliefs, and it will help you identify opportunities that others may overlook. Also, be sure to investigate each sportsbook and read the so-called house rules. These are the rules and regulations that apply to each site and can vary widely from one sportsbook to the next.