Sports Betting Tips - I started out with nothing, and still have most of it.

When betting stick to sports you know and understand well. Do as much research as possible on any new sport you decide to tackle. Knowledge is power, and will save you money!

Only bet as much as you can afford to lose. This simple rule is perhaps the most important. Think of your gambling money (or bankroll) as part of your 'leisure' budget ( a bit like your 'beer money').

When you win make sure you enjoy it and don't be tempted to go out and chase bigger profits. Enjoy the moment and don't risk spoiling it.

Never try and chase your losses. This will more than likely only increase them. Instead, step out of the bookies or casino and go home, or log off on the internet. Get a good night's sleep. Tomorrow may bring you a change of luck.

Try and avoid betting as much as possible after alcohol consumption, or a sleepless night or a busy week at work. This will only increase the likelihood of poor betting decisions.

Betting should be fun and entertaining. If it's not, then stop gambling. Learn how to enjoy it and what level of betting suits your lifestyle before going back.