It is very important to be sensible with the amount of money that you bet on sports. You need to make sure that you stay in control of what you are spending and do not get yourself in financial trouble. You want to keep it fun as well and spending more than you can afford is not fun.
When betting on a particular sport, think about the risk that you are taking. Think about how confident you are in the result that you are betting on and whether you really think that it is worth it. Then think about how much money you have available to bet with and decide whether you want to risk all of that money or put some on that sport and then perhaps some on a different sport.
It may feel like a good idea to bet a lot of money, especially if there are long odds. You may feel that the prize could be fantastic and so it is well worth it. However, you need to be sensible and think about the fact that there is never any guarantee that you will win. Think about how you will manage without that money that you have bet and then decide whether it is worth it. It can also be more fun if you have a selection of events that you have bet on, you can take a look at each one and enjoy seeing whether you can win anything on any of them.
It is important to make sure that you are having fun with it as well. Betting is supposed to be fun and if you find that you are getting worried because you cannot afford to lose the money or you are using it to try to earn an income, then this is not what it is all about. Try betting a bit less money, just spending what you can afford to lose and then you will find that it is fun.