DietBet

DietBet

Overall Rating

2.3

23 Customer Reviews

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Summary

DietBet is a betting platform focused around weight loss. Pay to enter, meet your weight loss goal, and share the money with others who succeed with you.

Pros

  • The company guarantees you won’t lose money if you make your bid
  • 96% of users lose some weight
  • A broad variety of games to choose from with different risk levels
  • Community-focused weight loss might keep you more accountable

Cons

  • You might be disqualified for losing too much weight or losing it at the wrong speed
  • Most users earn less than double their money or receive the same amount back

Customer Reviews

2.3 Stars out of 23 Reviews
5 Star:21% 4 Star:8% 3 Star:0% 2 Star:17% 1 Star:52%
30% Recommend This Company
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Posted on Aug 29, 2016

Pyramid scheme

By Daev Brown, Colorado, Verified Reviewer

This site is a pyramid scheme. Stakes are different for every game, but one of the ones I joined for example has a $30 buy in and they say that everyone who hits their weight goal splits the pot. What they only mention in the fine print is that they take a 25% cut! So theres $127,170 in the pot from 4,239 players and 50% hit their goal. So each of us players in the winning 50% wins $15. Awesome. What is the websites cut? $31,792! I could see maybe a 5% cut for administering the website, but 25%? These guys are making a KILLING.

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

Helpful Review? 41 People Have Voted
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