Billyman,
If you can, see if you could get someone to help you set up your Sport 500. I just hate seeing people give up because they were so unsucessful in learning to hover. Perhaps the experience with your heli won't be as bad as I had.
Take care,
Clarence C. Ragland
http://www.kites.org/rc_instructors
See:
http://p-locate.rc-helipad.com/