DietBetter keeps a cut of the gross pot to cover our expenses, which include DietBet Referees who verify weights, customer service staff, tech support, and fees associated with credit card and PayPal transactions. Because DietBetter's fees are taken out of the gross pot before paying out the winners, players who do not win do not incur any fees.
The total cut works out to 15-25% of the pot, depending on the amount of your initial bet, per the table below.
|Monthly Bet||DietBetter Fee|
UPDATED: December 5, 2013.
New "No Lose Guarantee"
This guarantee ensures that if you win your dietbet, you won't lose money. Most winners make money (about 1.5 to 2x on average) 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. In DietBet 10 games, "winning" your dietbet means you've successfully reached the 10% goal at the end of Round 6.