DietBet Review: Is it a real way to get paid to lose weight?
I'm one of those people that is cursed or gifted with a fast metabolism. So gaining weight has always been an issue for me. Whereas most people around me were trying to lose weight, I wanted to gain it. Fortunately my weight eventually caught up with me. But I'm still slender for my height. But I can sympathize with those of you on the other side. So I was excited to discover DietBet and wrote a review on it below. If you're looking to lose weight and make money in the process, you'll want to read my DietBet Review.
What is DietBet?
DietBet located at www.dietbet.com is a website that allows it users to earn cash for losing weight. There is also an android and iOS Dietbet app as well. The company is owned and operated by A WayBetter Company which was founded in 2010 by Jamie Rosen and is based in New York. Other terminology associated with this company includes The WayBetter Way and WayBetter, Inc. They're all related.
How Did DietBet Get Started?
Rosen started WayBetter after seeing friends compete in an office weight-loss contest. According to him, “people who rarely exercised were suddenly jogging at lunch, spontaneously doing push-ups, leaving chocolates on each other's desks, and laughing a lot. It was like someone had spiked the water.” So he decided to recreate this healthy energy on a larger scale, using social media to allow people to motivate each other to get into shape so that trying to lose weight would not feel like work. Great idea if you ask me because weight loss is one of the toughest challenges that some people face.
So in a nutshell, DietBet is WayBetter, Inc's first weight loss online social dieting game that uses friendly competition and money to motivate people to lose weight in four-week contests. They've got some other life-changing games in the pipeline, but for now our focus is DieBet.
How Does DietBet Work?
It's actually pretty simple. You join the game and bet on yourself to lose weight. Once you reach your weight loss goal within the allotted time frame, you split the jackpot with the other winners. Now a bet can range from $10 to $100 and up and the game could run for one month or more, it all depends on your goal. Depending on the goal you want to achieve, you've got different program options such as:
The Kickstarter – if you want to lose 4% of your weight in 4 weeks.
The Transformer – if you want to lose 10% in 6 months
The Maintainer – If you want to keep the weight off for 12 months.
So if you exercised the Kickstarter option, and the bet was $25, then your total bet on yourself would be $100 ($25 for 4 months).
Now there are quite a number of games to choose from. So all you need to do is select the game that you think is most appropriate for you. Each game has start and end dates, the bet amount, how many players are in the game and the pledge amount thus far. If the game is about to get started, you'll see the jackpot amount.
How to make money with DietBet?
Play in more than one game at once
We already discussed the main way above. But DietBet also allows you to play in up to 3 Kickstarters and 3 Transformer weight loss challenges at a time! Hey, if you think it's going to be more motivating for you, then why not? The more games you play, the more money you can make. But here are some other ways to earn:
Become the Most Valuable Player (MVP)
If you've got friends and family who might be interested, invite them to join. The Most Valuable Player (MVP) is the player who gets the most people to join the game. Depending on the game, you can get additional prizes for being the MVP.
Submit a Token Weigh-In
Tokens allow you the option of submitting official, verified weigh-ins at any time. Submitting a Token Weigh-In automatically enters you in a drawing to win that week’s Surprize! FitBits, Withings scales, and Polar Heart Rate Monitors are just a few of the items included in the Surprizes. Drawings for these Surprizes happen every Thursday starting in week two of the game and winners are randomly selected from everyone who submitted a Token Weigh-In that week.
Become a DietBet Coach
As a DietBet coach you can host games and make extra money for each game you host. The more players you recruit, the more money you earn!
How much money can be made with Dietbet?
Apart from the prizes, you can win on average 1.5 – 2x your bet in the Kickstarter program. As a Transformer winner, DietBet suggests that you can make at least $325 for winning all 6 rounds, or $175 for winning just the final round. Of course playing more games would allow you to make more money. Added to that, as a DietBet coach you make an extra 5-10% of the gross pot for each game you host. If this doesn't appeal to you, you may want to consider Top Work At Home Recommendation instead.
How Does DietBet Pay?
That's easy. Once the game is finalized, your winnings appear in your Dietbet account as points. You can request your points via a PayPal payout or a check. Your payout becomes available within 48 hours of being requested. If you opt to be paid by check, that slow payment method will cost you $5 of your money which I'm assuming is a “processing fee”.
How to get started with DietBet?
Just visit dietbet.com and choose the game that you're interested in from the ones that are starting soon. Or if you feel like it, you can create your own challenge. Once you've found the game you want to participate in, click on “Join,” and complete the simple registration form to create your DietBet Account. Then all you do is simply follow the instructions to place your bet, do your weigh in and start playing the game once it starts.
How to Weigh in
You'll be prompted to submit your official starting weight two days before the game begins. You can do this by submitting two photos; one of you on a scale in airport security attire and another of the scale's readout with your weigh-in word.
Here's what you'll need to complete this process:
- A scale (preferably digital)
- A digital camera or smartphone
- A full-length mirror or someone to take your photo
Who can join in the fun?
Dietbetting is actually a worldwide movement with over 400,000 players in 90 countries. So you know what that means? Yes! Anyone can join, even if you live outside the U.S. But if Dietbetting is not your thing but your looking for a way to shed some debt as opposed to pounds, then consider checking out my Top Free Work At Home Recommendation.
DietBet Hacks and Tips
Be a part of the game activity feed
This is where the social media part comes in. The game activity feed is where you'll find support, encouragement and motivation to help keep you going. You can also post selfies of yourself in action, share tips and workouts, and even get recipes and inspiration from others, especially when you feel the frustration coming on.
You can get a refund
Unlike HealtyWage, DietBet allows you the opportunity to get a refund. It varies with the game types, but DietBet is open to making exceptions for refunds even after the refund window has ended and a player needs to drop out for medical reasons.
Submit your weigh in on time
Players who don't submit their weigh in on time can be disqualified. If you are disqualified for any reason, you will not get a refund of your bet.
DietBet Complaints and Concerns
Now in all honesty I have not seen any complaints related to DietBet. They must be doing something right, as 96% of DietBet players lose weight. But even so here are a few things that might be of some concern to you.
Token Weigh In
While the use of tokens is a nice idea, they need to be purchased up front. This could be an extra cost you most likely did not account for. In addition to which, there is no guarantee that you will win any Surpirze once you submit your Token Weigh-in.
The jackpot you see is not the total amount that would be paid to the winners, since DietBet takes a percentage as a fee and the coaches also get 5-10% of the jackpot. That's understandable because they've got expenses and coaches have invested their time and all that. But keep in mind that what you see as a jackpot, is not the net amount that's shared among the winners.
Limited income opportunity
As a money making opportunity, this can only go so far. You have to share the jackpot and once you've lost the weight you intended to lose, that's it. Your income opportunity is over unless you become a DietBet coach.
Surprizes are limited to U.S. players only
Okay so don't get you knickers in a twist just yet, because depending on how you look at this, it's not all bad. But if you're outside of the U.S and you had your heart set on winning a Fitbit, then you'll be a little disappointed. Surprizes aren't shipped internationally but if you win a Surprize, you'll get it's worth in cash. See, told yuh it wasn't all bad.
Is DietBet Legitimate or a scam?
DietBet is definitely legit! Like HealthyWage, DietBet uses social support and money to motivate you to lose weight. You can always check out my HealthyWage review to see some of the pros and cons related to an opportunity like this. As DietBet sees it, it's not really about the betting but a means of holding you accountable and you believing in yourself. The money is your investment in your health and a way to get you to stick to your weight loss commitment.
But like I said before, if weight loss is not your thing, there are other ways to invest in yourself and increase your finances. If that's something you're interested in then you definitely need to check out my Top Free Work At Home Recommendation and my Work At Home Courses. With multiple streams of income, it's a sure thing. You can bet on it!
Well you've been fed quite a mouthful with this review so that's it form me. As always, I wanna hear from you so let free to let me know what you think about all of this.
Until next time,
Eddy with a y