Originally posted on 01/24/2013:

I been gambling since 2009, my personal rules on sports gambling:

1. Money management. Bet less than 5% of your total current bankroll per bet. Be discipline.
2. Be a strategic gambler by picking your spots and wait for the right opportunity. Never be a compulsive gambler by betting because it's your favorite team or for the action.
3. Stay emotionless all the time. Bet like a robot. There's no place for emotions in this profession. Be unbiased.
4. Do your research by watching game footage, use trends and statistics on division rivals only.
5. Never bet on heavily juiced/vig lines. Like a line at -1000 for example.
6. Never bet on heavily valued lines. Like a terrible team at 100 to 1 odds to win championship.
7. Parlays should be no longer than 2 teams, the bigger the parlay is, the bigger the House Edge. Research and Secure your first pick before moving on to your second pick.
http://www.youtube.com/watch?v=89HtJmQgjww
8. Teasers should never pass through the zero.
http://www.youtube.com/watch?v=RP3P9OJvukQ
9. Teams with home field/court advantage tend to win games. Sportsbooks know this and favorites the home team.
"Whoever is first in the field and awaits the coming of the enemy, will be fresh for the fight;
whoever is second in the field and has to hasten to battle will arrive exhausted." -Sun Tzu, the Art of War
10. Never bet on double digit road favorites. You will lose in the long run.
11. Never bet on preseason games on any sport. Predicting a 2nd string and 3rd string team is stupid because of the lack of game footage on mostly unknown players.
12. If you are extremely compulsive, arrogant, drunk and biased. The best advice is to "Don't Gamble".
13. Learn from your mistakes. Most gamblers don't learn from their mistakes. That's why I made these gambling rules.