Neural Architecture Search (NAS) has attracted increasing attention in recent years because of its capability to design neural networks automatically. Among them, differential NAS approaches such as DARTS, have gained popularity for the search efficiency. However, they still suffer from three main issues, that are, the weak stability due to the performance collapse, the poor generalization ability of the searched architectures, and the inferior robustness to different kinds of proxies (i.e., computationally reduced settings). To solve the stability and generalization problems, a simple-but-effective regularization method, termed as Beta-Decay, is proposed to regularize the DARTS-based NAS searching process (referred as β-DARTS). Specifically, Beta-Decay regularization can impose constraints to keep the value and variance of activated architecture parameters from being too large, thereby ensuring the fair competition among architecture parameters and making the supernet less sensitive to the impact of input on the operation set. In-depth theoretical analyses on how it works and why it works are provided. Comprehensive experiments on a variety of search spaces and datasets validate that Beta-Decay regularization can help to stabilize the searching process and makes the searched network more transferable across different datasets. To address the robustness problem, we first benchmark different NAS methods under a wide range of proxy data, proxy channels, proxy layers and proxy epochs, since the robustness of NAS under different kinds of proxies has not been explored before. We then conclude some interesting findings and find that β-DARTS always achieves the best result among all compared NAS methods under almost all proxies. We further introduce the novel flooding regularization to the weight optimization of β-DARTS (termed as Bi-level regularization), and experimentally and theoretically verify its effectiveness for improving the proxy robustness of differentiable NAS. In summary, our search scheme shows lots of outstanding properties for practical applications, and the code is available at https://github.com/Sunshine-Ye/Beta-DARTS.