About DietBet

As the name implies, DietBet is a social dieting site that allows users to place bets on their weight loss, and then win back their original bet (and then some) if they reach their goal within a set amount of time. Because of this, DietBet sums up its mission by helping you “Bet on yourself to lose weight. Reach the goal … split the pot!”

Admittedly, this is a new method of losing weight, so you understandably have a lot of questions. We also recognize that summer is just around the corner, and you want to get swimsuit ready as quickly (and as safely) as possible. But before we answer your important questions, let’s take a close look at how DietBet works.

How Does DietBet Work?

While there are a wide variety of game types on DietBet (you can search the Game Directory, or even create a game of your own based on keyword, start date, and more), all games fall into one of the following categories:

  • Kickstarter – For those looking to lose at least 4% of their body weight over the course of 4 weeks. On average, winners lose 9 pounds.
  • Transformer – Tailored toward those who would like to lose at least 10% of their weight over the course of 6 months. On average, winners lose 24 pounds.
  • Maintainer (Coming Soon) – For those who would like to maintain their current weight.

Depending on the type you’re interested in, you can view a list of featured games, including a brief description, total pot, the number of players, and bet amount, in order to help you make your decision.

Regardless of which option you choose though, the process basically works over 4 steps:

Step 1

First, you’ll need to join DietBet by signing up using your Facebook credentials, or by entering your email address and password and then choosing your category.

Step 2

After your account has been setup, you’ll need to complete your weigh in, which involves submitting 2 photos to DietBet’s Referees; one in “airport security attire” (no shoes, socks, or belt, with pockets completely empty) while standing on a scale, and another of your scale’s readout, including your weigh in word on a note card, which is automatically generated for you after signing up.

Getting Started with DietBet will require you to submit one photo standing on a scale in “airport security attire” and another of your scale’s readout, including your weigh in word.

Step 3

After you’ve completed your photos and weighed in, it’s time to begin your weight loss challenge. Throughout the process, you’ll be able to post comments and photos on your challenge’s wall, while receiving weight loss tips and daily email motivation.

Step 4

Lastly, once your challenge has ended, you’ll have 48 hours to post your final weight, although you won’t be required to submit a final photo unless you’re a winner. If you are a winner though, your DietBet account will be credited your earnings, which can then be applied to another DietBet challenge, or transferred to PayPal (see more about this in the pricing section).

Sounds simple and straightforward, right? But should you sign up for DietBet? Consider the following:

What is DietBet’s WayBetter Way?

Compared to other weight loss tools, DietBet’s WayBetter Way is claimed to combine commitment (through your monetary bet), goal setting, collaboration with others who are also looking to lose weight, and celebration (e.g. the money you’ll earn by winning your challenge).

According to the company, their WayBetter Way unique approach can also help individuals get in the best shape of their life, get a better night’s sleep, and even quit smoking.

How Much Weight Can You Expect to Lose with DietBet?

According to the DietBet website, Kickstarter winners lose an average of 9 pounds, while Transformer winners lose an average of 24 pounds.

Outside of this, according to a Wall Street Journal article about DietBet, “90% of [non-winning] players slim down, averaging a 5.4-pound loss.”

In other words, while anywhere between 94% and 96% of users lose weight using DietBet, unless you win the 6-month challenge, it’s likely that you’ll probably only lose a few pounds.

How Will You Lose Weight with DietBet?

When using DietBet, it’s ultimately up to you to decide how you’re going to meet your weight loss goal, whether this involves simple cardio activities such as running or biking, bodyweight exercises in the comfort of your own home, implementing light weights and high repetitions, or enlisting the help of a professional trainer.

In other words, DietBet may provide you with the motivation you need to meet your goal, and the site’s other users can provide additional tips to help get you there, but DietBet will not provide you with any exercises or workout information, similar to sites such as DailyBurn, 20 Minute Body, and Transform You.

Will You Need Extra Equipment Using DietBet?

As we mentioned above, any additional equipment you’ll need will largely depend on how you’ve chosen to meet your weight loss goal.

However, to use the DietBet website and sign up for a challenge, you’ll need a scale (preferably digital), a digital camera or smartphone, and a full-length mirror (or someone to take your photo) for your weigh-ins.

Other “Betting” Weight Loss Options

Finally, keep in mind that when it comes to betting on your weight loss, you have other options from which to choose. This includes websites such as HealthyWage and FatBet.

Are Diet Bet’s Customers Happily Losing Weight?

When searching online for DietBet reviews, most of what we found came from independent bloggers who tried one or more of DietBet’s programs. Overall, most of these bloggers appeared to appreciate DietBet’s unique form of motivation, and claimed that it really did help them lose weight.

On the other hand, most bloggers wondered if DietBet was doing enough to prevent dishonesty. For example, Diet-Blog.com noted that a day after their challenge started, more than 200 people had already reached their goal weight (according to ItsAboutMoreThanTheScale.com, this is because participants will often conduct their initial weigh in at night, which is the heaviest part of the day, and then re-weigh themselves the following morning, which is generally the lightest time of day).

Several bloggers also wondered if DietBet was encouraging healthy, long-lasting weight loss (e.g. 1-2 pounds per week), or if more than a few participants were briefly committing to crash diets in order to win money, but who then return to their normal eating habits and subsequent weight gain afterward.

Finally, as noted by MyFitnessPal and several other blogs, they felt the same factors that provided them with motivation (competition, money) also detracted from enjoying their hard-won weight loss. In other words, “Rather than be happy about a loss of a pound or even a pound and a half, I got down on myself for failing.  Let's be real... under normal circumstances, a 7-pound loss in four weeks would be awesome! But if that had happened to me during my DietBet, I would have been a loser in my game, and I would have been so disappointed in myself.”

Outside of independent blogs, DietBet has also been mentioned on some popular TV programs and in well known publications, such as Today, Wall Street Journal, ABC News, and more. However, most of these were small writeups, and didn’t provide much in-depth information.

DietBet Pricing & Refund Policy

DietBet’s challenges are priced as follows:

  • Kickstarter: $30 average bet amount.
  • Transformer: $25 per month, or $125 paid up front.

According to the company, on average, Kickstarter players won 1.5-2X their original bet, while Transformer winners “get $325 if they win all 6 rounds, or $175 for winning round 6, on average.” DietBet users can participate in up to 3 bets at a time.

After the challenge has ended, the total pot is divided among all winners, less the company’s fees. Your winnings can then be applied to another bet, or cashed out through PayPal. If you choose the latter, keep in mind that PayPal will charge additional fees to have the money transferred to your bank account.

If you cancel your bet within 7 days of signing up, DietBet will provide a full refund. Outside of this however, no refunds are available.

DietBet also provides a No Lose Guarantee that states, “Most winners make money but in the event that your game has an unusually high percentage of winners, we'll forfeit our cut in order to ensure that nobody loses money. So the worst case scenario is that you'll end up losing weight for free, which is still a big win.”

Can DietBet Help You Reach Your Weight Loss Goals?

Chopping to the Point: In short, as long as you’re already armed with effective weight loss tools (e.g. exercises, nutrition, etc.), the motivation provided by DietBet’s competitive environment could probably help you lose weight. And it’s often this motivation we’re missing when attempting to reach our weight loss goals.

However, although some of the featured members on DietBet’s home page appear to have won hundreds (or even thousands) of dollars, keep in mind that even if you do win, your portion of the pot will likely only be a few extra dollars.

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12 Consumer Reviews for DietBet

Average Consumer Rating: 2.5
Rating Snapshot:
5 star: 3 4 star: 1 3 star: 0 2 star: 3 1 star:  5
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  • 2 out 4 people found this review helpful

    Great for losing weight

    • Detroit, MI,
    • Apr 24, 2018
    • Verified Reviewer

    I've done several DietBets over the last few years and have everything found them hugely motivating. You don't have to pay the $5 for a membership fee, just remove it from your cart. If you want the highest payout, stick to games in the $30-35 range with the most players. Games that cost a lot to bet ($100+) have lots of winners because no one wants to lose that money, and the more people who win, the less money there is to split. Join the larger games that have over 1000 participants, and you'll lose some weight and make some money. You're not going to be making hundreds of dollars though...be realistic. The goal here is motivating yourself to be healthy, not making money. On average I've made an extra $20 or so in addition to my initial bet. If you're just looking for a way to make cash, this isn't it. It's about weight loss and health.

    Bottom Line: Yes, I would recommend this to a friend

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  • 0 out 2 people found this review helpful

    Motivating and make some pocket change

    • Toronto, Ontario, Canada,
    • Mar 31, 2018
    • Verified Reviewer

    Hi. I tried DietBet a few times and won a few and lost the recent ones. I had a good experience with them. As for admin fee, you don’t need to pay the $5 membership fee, it’s not mandatory and you can just pay the game fee. You can deselect the $5 fee, and it doesn’t go toward the bet. The main thing is that even if you lose the money, you’ve tried and should have also lost some weight. Win-win.

    I have won between $5-15 per a game on top of what I put in. If you wanted the great bang for the buck, I would bet on ones that are between $30-35 as they have winner and losers. The ones with a higher entry can attract a lot of people but tend to have more winners as no one wants to lose $100.

    I have organized a game that starts April 3. It’s called the Easter classic. In addition to the winning, there are additional prizes to be won. The more player there are the more prizes there will be. So come join me.

    Bottom Line: Yes, I would recommend this to a friend

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  • 6 out 9 people found this review helpful

    I won, but lost money.

    I had to pay a $35.00 bet plus a $5.00 administrative fee to start playing. I lost my required weight and won back a whopping $38.18. I PAID THEM to play!

    This is a money making scam. I guess it's an okay system for those that want to pay for accountability and access to a support group, but they market the system as if you actually have a chance to make some money from your efforts and that is NOT the case. The only ones really making any money is DietBet and the game sponsors. On top of the $5 they get from the hundreds of thousands of players, they also get like 25% of each pot, which is a ridiculous amount of money for what the game offers.

    I signed up for a second game a week after my first. At this point, I just hope I break even and get back every dollar I paid so I can be done with them. There are plenty of support systems out there that are free and offer plenty more. Look for one that doesn't want to make money off of you.

    Bottom Line: No, I would not recommend this to a friend

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    Comments (1)
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    • May 11, 2018

      Salma

      I signed up for the $100 game by accident, I thought I pressed on the $25 game but after I signed up I saw that they took $100 dollars. I am SO upset about it because it's SO much money, and it's not worth it!

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  • 13 out 13 people found this review helpful

    Cancellation policy not honored

    • California,
    • Jan 8, 2018
    • Verified Reviewer

    I canceled registration via email within the 7-day cancellation period. According to DietBet’s policy, bets are fully refunded as long as you cancel within 7 days. I canceled after 4 days, after encountering a pretty serious technical bug on their website.

    DietBet customer service emailed back acknowledging my cancellation request and said they’d issue me a refund. They never issued the refund, and never responded to my last reply. When I contacted them inquiring about the status of the refund, they claimed they didn’t have a record of it. Even after I forwarded them the entire email thread promising the refund, plus screenshots, nothing.

    It’s a total scam! A dishonest company that doesn’t honor their own policies.

    Bottom Line: No, I would not recommend this to a friend

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  • 19 out 20 people found this review helpful

    Never use DietBet

    • Pleasant Grove, UT,
    • Oct 13, 2017
    • Verified Reviewer

    I was hesitant to start DietBet, but their site gave me some comfort in that they had a "no loss guarantee." This guarantee ensured you'd at least get your initial investment back if you won the DietBet.

    One of the DietBets I signed up for was for charity, and I was happy to support a good cause. After all was said and done, I won, and the amount I won was less than what I paid. Here I am thinking, "I won, why did I not get at least my initial investment back?" Their "no loss guarantee" ensured that.

    So I contacted customer support and chatted with them. They brushed it off saying that some money went to charity. I pointed out that even with the amount that went to charity, there was still enough money for everyone who played to get their money back. And according to the "no loss guarantee," DietBet was supposed to take less of a cut so that everyone was ensured they get their money back. They went to such lengths as to change their website to include an addendum to the "no loss guarantee" that prevented charity events from benefiting from this. They then sent me a link to it in their response to the new updated part of their site which wasn't there hours before, but they tried to pretend that the wording that negated charity events was always there. They did all this just to save a very small amount of money!

    Such terrible customer service and shady behavior! They can't even stand behind their own policy, probably because they've never had to use the policy until now. At any rate, it's just a terrible company, and I will never use their service again, and I suggest you don't either.

    Bottom Line: No, I would not recommend this to a friend

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  • 4 out 7 people found this review helpful

    Excellent game to lose weight!

    I am playing my 10th DietBet and won my previous money back and profit! I am not playing to win money; I am playing to get healthy and lose weight! I lost 35 lbs in three months, and have 15 to go! The players on the site all have a common goal and encourage everyone to lose weight and be a winner!

    Bottom Line: Yes, I would recommend this to a friend

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  • 18 out 18 people found this review helpful

    Great concept in theory

    • Columbus, GA,
    • Aug 24, 2017
    • Verified Reviewer

    Too much of the money is going towards the fees. I placed a $100 bet and the payout was $100.44, I came up 44 cents. I did manage to lose my weight, but after I finish my next diet bet, I will definitely not be joining another one. I played in a previous game where the fee was $35, and I won an extra $15. The concept is good, just not crazy about the execution.

    Bottom Line: No, I would not recommend this to a friend

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  • 21 out 21 people found this review helpful

    Winners are losers too, and not just weight

    • Alabama,
    • Jul 18, 2017
    • Verified Reviewer

    I participated in a $150 "main event." After a few weeks, roughly 18% of people in the game did not meet the goal. This lead to a final payout of $150 for a net profit of $0.

    DietBet advertisements showcase the amount people that "win" on their site. Based on their definition I "won" $150 from my $150-bet being returned. I would not be surprised if their "10-25% fee" goes mostly towards marketing, evidenced by their frequent giveaways during the events for people who invite others to the site.

    From a business standpoint, it is an admirable model. The company risks nothing, takes a large chunk from the gross of games, and keeps the consumer's money in limbo the entire time. The cheerful message of weight loss hides the telltale signs of a pyramid scheme, the company markets the possibility of big paydays to continue inflating the client base with gullible users. A quick glance at the payouts from past games this year shows that the margins are getting smaller and smaller, in some cases non-existent, for winning players despite the number of participants staying the same.

    Bottom line: DietBet is not going to last as a company because they are milking their customers for as much as they can get away with. Stay away and motivate yourself to lose weight.

    Bottom Line: No, I would not recommend this to a friend

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  • 19 out 23 people found this review helpful

    Didn't win

    • Lake City, FL ,
    • Apr 18, 2017
    • Verified Reviewer

    Don't have illusions of winning much money like they present it as. I won three bets with $170 of my money. I walked away with $11 in winnings.

    Yes, I lost weight (which is good) but didn't win like they promote.

    Bottom Line: No, I would not recommend this to a friend

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  • 10 out 14 people found this review helpful

    Great motivation to lose weight, won a good bit of money

    • New York,
    • Feb 18, 2017
    • Verified Reviewer

    I have played about four 6-month games and a couple of one-month games. I have won some, and I have lost some. I have seen some people complain that they were taken for their money, but I think it boils down to understanding the rules.

    There are verified weigh-ins and you can also submit unverified weigh-ins. In order to win, you HAVE to have verified (including two pictures) weigh-in submitted to them AND verified by them within a 48-hour window. It's up to the players to make sure they are done properly within the allotted time frame (which is announce an entire month ahead of time). The percentage of winners is usually around 50% in the games I've played, so I win back 1.5 times the money I put in after DietBet's cut.

    My player number 408843 if anyone wants to verify that I am a legit player.

    Bottom Line: Yes, I would recommend this to a friend

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  • 21 out 24 people found this review helpful

    Scam, scam, scam

    • Durham, NC,
    • Feb 8, 2017
    • Verified Reviewer

    I played a $50 bet this January, lost the weight and showed the proof.

    I have an email saying that they had my final weight recorded and the app had me marked me as losing 100% of what I needed to lose.

    They marked me as losing and still took my money. It's harder than it should be to find how to contact them about it.

    Overall, I'm pretty angry at the shady behavior. Don't bother. Just leave the money in a place out of sight and reward yourself with it should you hit your goal, and keep the middle man out of it.

    Bottom Line: No, I would not recommend this to a friend

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