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DietBet: Turn Weight Loss into a Fun Betting Game

Admin by Admin
March 22, 2024
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DietBet: Turn Weight Loss into a Fun Betting Game
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Fundamentals:

DietBet encourages weight reduction by turning it right into a betting sport. Drop some pounds and you can 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 one in every of a number of firms that goal to encourage weight reduction by turning it right into a betting sport. If you happen to lose a set quantity of weight (which varies by the competition) by the guess deadline, you win cash.

The way it works

There are a number of methods to play. You’ll be able to create your personal guess; you possibly can be a part of a short-term weight-loss guess, which final one month; or you possibly can be a part of a long-term weight-loss guess, which final six months or extra. You can too take part in a guess that entails merely sustaining your present weight.

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And the quantity you could put as much as take part in a DietBet is pretty modest. Wagers may be something over $10. And the weight-loss purpose may be as little as 4% of your physique weight. Nevertheless, longer-term contests have a ten% weight-loss threshold.

Nevertheless, in all circumstances, it’s essential to place a wager — i.e. ante up a set sum of money — to get began. The quantity of the wager is determined by the sport.

Weigh-ins

Two days earlier than the sport will get underway, it’s essential to do a weigh-in.

Your weigh in will contain taking a full-length picture 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 thought 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 need to submit your weigh-in images inside a 48-hour interval or your lose your proper to assert any winnings.

If you happen to’re concerned in a bigger guess — $200 or extra — or your weight reduction appears uncommon, the positioning can require a video weigh-in. These require a good friend’s assist to video you on the dimensions at a distance and shut up, exhibiting 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?

If you happen to be a part of a short-term guess, you merely weigh in originally and the top. And, should you’ve reached your purpose, 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 will probably be a number of winners. And, for the reason that winners break up the pot, you would possibly solely get a couple of bucks over what you guess.

“Transformer” contests

The longer-term “Transformer” contests have “elective” month-to-month check-ins.

Nevertheless, these check-ins are actually not elective, if you wish to guarantee that you would be able to not less than get your a reimbursement.

If you happen to don’t take part and hit the month-to-month weight-loss targets for the examine ins, you lose the positioning’s “no-lose” assure. This assure says DietBet pays not less than the quantity of your guess, should you “gained” by shedding the requisite quantity of weight by the top of the competition.

Verify-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 not less than 10% of their physique weight.

Disqualifying strikes

Gamers may 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 in the course of the 14-day weigh-in interval
  • Failing to submit a last weigh-in, inside the 48-hour contest-end window
  • You can too be disqualified should you lose an excessive amount of weight and exceed the positioning’s “most weight reduction thresholds.”

If you happen to get disqualified, you lose your guess quantity and are more likely to be banned from the positioning.

What’s the utmost weight reduction threshold?

With “Kickstarter” challenges, that final solely 4 weeks, members can’t lose greater than 12% of their preliminary physique weight. If you happen to 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 location is aimed 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 under 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 length of the competition, in addition to the variety of winners. The location additionally has elective $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 not less than as a lot as they guess. However this assure doesn’t account for the annual membership price, for many who selected to purchase into it. And, it doesn’t apply should you don’t do the month-to-month check-ins throughout a Transformer problem.

Suggestions

Whereas this not a conventional aspect hustle, it’s a great way to remain motivated should you’re making an attempt to reduce weight. From what we will inform, this website has a number of winners although. (The location brags that 96% of customers reduce weight.)

That’s nice for dieters, however not a lot for these hoping to make cash 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 guess.

That mentioned, we like this website quite a bit. You’ll be able to sign up with DietBet here.

We additionally suggest HeathyWage, if you could lose 10% or extra of your physique weight. And a few strolling and train apps, reminiscent of Evidation and  CashWalk, is perhaps price signing up for as properly. They don’t pay a lot, however a bit of 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 related with individuals working towards a typical purpose. The pleasant “competitors” actually helps sustain the motivation and momentum.

Good motivation. Not due to the cash gained. However the considered loosing cash as a result of I didn’t attain my purpose is nice motivation

Dietbet is a good app to get optimistic motivation to reduce weight. Whether or not you will have a bit of or quite a bit to lose it’s nice! It holds you accountable. You don’t really feel alone in your journey as a result of you possibly can publish questions or categorical your emotions on the newsfeed.😊

I’ve used 5 or 6 occasions. 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 probability that I’ll hit my targets. Many video games even have mini challenges and video games inside them that maintain 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 reduce weight. It actually stored me accountable and motivated — and I simply gained my first weight reduction problem! So easy and person pleasant. Extremely suggest!

The dimensions and some bucks is highly effective! I like the motivation offered in these easy contessts. It retains me on observe to achieve success!

Paltry winnings

This app did assist me keep motivated over a 6 month guess. However I used to be unaware that the guess I joined required a $100 month-to-month subscription price, so as an alternative of investing $100, I spent $600. That’s okay, I believed, as a result of I believed I’d get more cash ultimately. However my winnings have 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 drawback is that I believed I used to be going to win $646 on high of the $600 I put in.

Weigh in confusion

I needed to submit a video weigh-in. It received rejected 3 occasions. I watched the academic video every time. I emailed assist they usually set me instructions that have 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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