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Fundamentals:
DietBet encourages weight reduction by turning it right into a betting sport. Drop extra pounds and you may win cash.
Anticipated pay: speculative
Husl$core: $$$$
Commissions & charges: 10-25%
The place: Nationwide, worldwide (distant)
Necessities: BMI of 18.5 or extra, 18 or older
What’s DietBet?
DietBet is certainly one of a number of corporations that goal to encourage weight reduction by turning it right into a betting sport. Should you lose a set quantity of weight (which varies by the competition) by the wager deadline, you win cash.
The way it works
There are a number of methods to play. You may create your personal wager; you’ll be able to be part of a short-term weight-loss wager, which final one month; or you’ll be able to be part of a long-term weight-loss wager, which final six months or extra. You can too take part in a wager that entails merely sustaining your present weight.
And the quantity it’s worthwhile to put as much as take part in a DietBet is pretty modest. Wagers will be something over $10. And the weight-loss aim will be as little as 4% of your physique weight. Nonetheless, longer-term contests have a ten% weight-loss threshold.
Nonetheless, in all circumstances, you need to place a wager — i.e. ante up a set amount of cash — to get began. The quantity of the wager is determined by the sport.
Weigh-ins
Two days earlier than the sport will get underway, you need to do a weigh-in.
Your weigh in will contain taking a full-length photograph of your self on the dimensions. And a close-up of the dimensions, the place you’ll additionally present your “key phrase” close to the dimensions’s read-out. (Digital scales are inspired.) You get the key phrase from the app instantly earlier than the weigh in. The concept is to cut back the prospect of dishonest.
There’s a second weigh-in on the finish of the sport, with the identical guidelines. You should submit your weigh-in photographs inside a 48-hour interval or your lose your proper to assert any winnings.
Should you’re concerned in a bigger wager — $200 or extra — or your weight reduction appears uncommon, the location can require a video weigh-in. These require a buddy’s assist to video you on the dimensions at a distance and shut up, displaying your key phrase on the finish of the uncut video. As soon as once more, that is to make sure that dieters don’t cheat to assert a chunk of the pot.
What’s subsequent?
Should you be part of a short-term wager, you merely weigh in initially and the tip. And, in the event you’ve reached your aim, you’ll acquire your winnings. However the winnings are sometimes nothing to brag about as a result of the short-term nature of those bets make it possible that there might be a whole lot of winners. And, because the winners cut up the pot, you would possibly solely get a couple of bucks over what you wager.
“Transformer” contests
The longer-term “Transformer” contests have “non-compulsory” month-to-month check-ins.
Nonetheless, these check-ins are actually not non-compulsory, if you wish to guarantee that you would be able to at the least get your a refund.
Should you don’t take part and hit the month-to-month weight-loss targets for the test ins, you lose the location’s “no-lose” assure. This assure says DietBet pays at the least the quantity of your wager, in the event you “received” by dropping the requisite quantity of weight by the tip of the competition.
Examine-ins
The month-to-month check-ins for Transformer challenges pay prizes to anybody who meets the burden loss threshold for that month/spherical. These thresholds:
- Spherical 1: 3%
- Spherical 2: 6%
- Spherical 3: 8%
- Spherical 4: 9%
- Spherical 5: 10%
- Spherical 6: 10%
On the finish of the competition, the cash within the pot is split amongst those that have misplaced at the least 10% of their physique weight.
Disqualifying strikes
Gamers will be disqualified for violating a handful of website insurance policies. Particularly
- Partaking in unsportsmanlike conduct, together with dishonest, harassing or embarrassing different gamers.
- Mendacity about your weight
- Failing to submit an preliminary weigh in through the 14-day weigh-in interval
- Failing to submit a remaining weigh-in, throughout the 48-hour contest-end window
- You can too be disqualified in the event you lose an excessive amount of weight and exceed the location’s “most weight reduction thresholds.”
Should you get disqualified, you lose your wager quantity and are more likely to be banned from the location.
What’s the utmost weight reduction threshold?
With “Kickstarter” challenges, that final solely 4 weeks, contributors can not lose greater than 12% of their preliminary physique weight. Should you lose greater than that, you’ll get kicked out of the competition. With longer “transformer” challenges, you’re not allowed to lose greater than 30% of your physique weight.
Why? The positioning is geared toward protected and sustainable weight reduction. So, it tries to discourage drastic weight reduction.
You are also disqualified from taking part in DietBet contests in case your BMI is beneath 18.5 for a similar motive.
Charges and commissions
DietBet retains between 10% and 25% of the quantity wagered as a website price. The share is determined by the dimensions of the pot and the period of the competition, in addition to the variety of winners. The positioning additionally has non-compulsory $50 annual membership, which permits members to take part in journaling and extra contests.
Like HealthyWage, DietBet guarantees to waive its charges, to make sure that all winners get again at the least as a lot as they wager. However this assure doesn’t account for the annual membership price, for individuals who selected to purchase into it. And, it doesn’t apply in the event you don’t do the month-to-month check-ins throughout a Transformer problem.
Suggestions
Whereas this not a conventional facet hustle, it’s a great way to remain motivated in the event you’re attempting to drop extra pounds. From what we will inform, this website has a whole lot of winners although. (The positioning brags that 96% of customers drop extra pounds.)
That’s nice for dieters, however not a lot for these hoping to earn a living right here. The extra individuals who win, the extra the pot is split and the much less possible you’ll money out with far more than you wager.
That mentioned, we like this website so much. You may sign up with DietBet here.
We additionally suggest HeathyWage, if it’s worthwhile to lose 10% or extra of your physique weight. And a few strolling and train apps, similar to Evidation and CashWalk, may be value signing up for as nicely. They don’t pay a lot, however a little bit is best than nothing. And getting paid any quantity to easily get more healthy strikes us as a traditional win-win.
What their customers say (from Google Play)
Enjoyable app to get linked with folks working towards a typical aim. The pleasant “competitors” actually helps sustain the motivation and momentum.
Good motivation. Not due to the cash received. However the considered loosing cash as a result of I didn’t attain my aim is nice motivation
Dietbet is a good app to get constructive motivation to drop extra pounds. Whether or not you have got a little bit or so much to lose it’s nice! It holds you accountable. You don’t really feel alone in your journey as a result of you’ll be able to put up questions or categorical your emotions on the newsfeed.😊
I’ve used 5 or 6 instances. Works everytime!
(from Apple App Store)
I’ve used DietBet for 8 years and it has constantly been useful and motivating in reducing weight. I worth the comunity, those that lead the challenges and the accountability of membership that helps enhance the chance that I’ll hit my targets. Many video games even have mini challenges and video games inside them that hold you impressed. It’s additionally encouraging to listen to frm others and their well being journeys. I extremely suggest this app and program to assist your well being and weight reduction journey.
I’ve by no means been so motivated to drop extra pounds. It actually saved me accountable and motivated — and I simply received my first weight reduction problem! So easy and consumer pleasant. Extremely suggest!
The dimensions and some bucks is highly effective! I really like the motivation supplied in these easy contessts. It retains me on monitor to achieve success!
Paltry winnings
This app did assist me keep motivated over a 6 month wager. However I used to be unaware that the wager I joined required a $100 month-to-month subscription price, so as a substitute of investing $100, I spent $600. That’s okay, I believed, as a result of I believed I’d get extra money in the long run. However my winnings had been $646.60 — my $600 again, plus $46.60. That was for six months of busting my butt. The kicker is that DietBet took 10-25% of each month’s winnings. My downside is that I believed I used to be going to win $646 on prime of the $600 I put in.
Weigh in confusion
I needed to submit a video weigh-in. It acquired rejected 3 instances. I watched the academic video every time. I emailed assist and so they set me instructions that had been completely completely different than the academic video on the app. It lastly was accepted after I did video #4 and browse the instructions verbatim whereas recording.
3/18/2024
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