What ever you do, don't fall into my trap.

I started cycling to get rid of the last 10. I was 142 lbs at the time and had been steadily losing to get to that point (and working my butt off). Then I got a road bike and fell in love with the sport. I rode like mad - finally thrilled that the cardio aspect I used to hate was actually fun for once!

Now it is 4 years later and not only did I not lose that 10, but I gained 25 lbs on top of it!

Things NOT to do:
Look at the 2000 calories burned on your HRM and think that means you can eat 'anything'
Feel that suffering from heat problems can be solved by EATING while on the bike - they can't
Use biking as an excuse to eat too much
Fall into the 'carb loading' mentality - carbs are not the only effective fuel!
Give up any and all weight lifting (bad, bad, bad, bad)

I think that if you really track what you are consuming and you don't have any other pre-existing metabolic issues, losing weight while biking is the same as using any other sport. Keep mixing up the training, keep tabs on your intake (honestly) and remember that losing weight and particularly the last few lbs is a long term process - don't expect overnight changes.

Now, if only I could take my own advice!