2- Dietbet
DietBet is an app that allows you to join existing weight-loss games or start your own. Here are some of the pros and cons of using this app:
Pros:
- A no-lose guarantee ensures you don’t lose money if you win your game even if there are many other winners: This provides an added incentive to participate in games and work towards your weight-loss goals.
- You can join multiple games at once: This allows you to participate in different challenges and increase your chances of winning.
- The Kickstarter and Transformer programs cater to different weight loss goals and timelines: This makes it easier to find a program that fits your specific needs and goals.
Cons:
- You must pay to participate in games: In order to join a game, you’ll need to place money into the prize pot. This can be a barrier for some users.
- DietBet charges fees between 10% and 25%: This can eat into your winnings and make it less financially rewarding.
- You can’t personalize your goals: While the Kickstarter and Transformer programs cater to different weight-loss goals, you can’t set your own specific goals.
Since you don’t need to set weight loss objectives, joining DietBet is straightforward. As long as you lose 4% or 10%, correspondingly, in a Kickstarter or Transformer game, you can participate and win a portion of the pooled cash.
Your payout depends on how many people in your challenge reach their weight-loss target since each person wins a share of the pooled prize money. The good news is that DietBet’s no-lose guarantee ensures that if you win, you will at least get back the money you contributed, even when there are many winners in your game.