How does DietBet make money?
DietBet keeps a cut of the gross pot to cover our expenses, which include financial transaction costs for both the initial bet and the payout, weight-verification staff, customer service, and technology support. Because DietBet'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 fee to play is 10-20% of the payout depending on the amount of the initial bet.
| Bet | Fee |
|---|---|
| $0-99 | 20% |
| $100-249 | 15% |
| $250+ | 10% |
UPDATED: May 20, 2013