When it comes to Sports Betting, the general rule is wager 1-3% of your bankroll.
Therefore with a $1,000 bankroll (what your willing to lose), your wagers should range between $10 to $30.
Once you reach $2,000 your wagers will increase accordingly $20 to $60 per game and so on.
If you risk amounts that are too large (10% or more), a bad streak can quickly wipe you out.
Key is to stay disciplined, its a marathon not a sprint.