Don't bet what you can not afford to lose - This is also referred to as the golden rule of sports betting and is something you absolutely don't want to do because you'll hit a cold streak eventually and lose all your rent money.

Use proper bankroll management - It is very important to use proper bankroll management because betting sports can be very streaky. Even professional bettors can lose 9 or 10 games in a row and if you are betting too much per game you go bust. Think of your bankroll like your child and do whatever you will need to protect it.

Don't bet too many games - You know when Sunday comes and there is 15 NFL games you don't have to bet all of them, you only want to bet the games you have an edge 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 element that takes almost no effort and Data says it makes a large difference.