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Do not bet what you cannot afford to lose - This is generally known as the golden rule of sports betting and is a thing you absolutely do not want to do because you will hit a cold streak at some time and lose all your rent money.
Use proper bankroll management - It really is extremely important to use proper bankroll management because betting sports may be very streaky. Even professional bettors can lose 9 or 10 games in a row and if you're betting too much per game you go bust. Think of your bankroll like your child and do whatever you should protect it.
Don't bet too many games - You know when Sunday comes and there is 15 NFL games you should not have to bet all of them, you only want to bet the games you've got an advantage on and most successful bettors will only be able to find 2 or 3 games that they have an edge on.
Line Shopping - This is an issue that takes almost no effort and it makes a large difference. If you like the Packers and most sports books have them listed as a -7 favourite but one sports book has them listed at just -6.5 you could be crazy not to bet the -6.5. By the end of the season it shall probably make the main difference from being a winner or loser. Every sports bettor should have at least 3-5 outs.
Bet with your head not your heart - Lots of people love betting their favourite teams since they have an obvious bias towards them and want them to win. Wanting a team to win differs then thinking a team will win. It's best for many bettors to just skip right over games involving their favourite teams since they cannot separate heart from using your head.
Don't bet big parlays - This goes for a great deal of the exotic type bets like futures, teasers and parlays. 10 or 12 game parlays don't hit regularly, they are 100% gambling and we are not here to gamble if you want to gamble buy a lottery ticket because there's no difference.
Do not bet drunk - There are a lot of things you don't want to do drunk and betting is just one of them if you're not 100% in control of your emotions you want to stay very far away from the sports book because much like banging a fat chick you will wake up disappointed.
Do not pay for picks from touts promoting a 70% win rate - If it sounds too good to be true it probably is so for anybody who is going to use going to use a tout and pay for picks use common sense. No-one can pick 70% winners even the best handicappers only hit 58% or 59%
Keep good records - This is something that almost nobody does and I am even guilty of this sometimes. You want to keep very meticulous records. The better you keep track of you can look back and find out where your losing or winning the most money and after that possess the prop data to make changes.
Play at reputable sports books - If you play online you want to be absolutely certain you receive money if you win. There are actually lots of reputable sports books online so do some study and avoid the scam books because there would be nothing worse than winning and after that being unable to receive money.