How do I avoid losing all my money on sports betting?

As excited as I am to place bets on my favorite sports, I have lost a significant amount of money in the past. Can someone give me tips on how to bet responsibly and avoid losing all my money?

Start by setting a budget for your bets and stick to it. Only bet with the money you can afford to lose and never chase your losses.

Do your research and analyze the statistics before placing a bet. Don't just place bets based on your gut instinct or emotions.