StepBet

Basics:

StepBet is a exercise app that permits you to “win” money by meeting your activity goals

Expected pay: speculative (you wager on yourself)

Husl$core: $$$

Commissions & fees: 15%

Where: Nationwide (distant)

Requirements: Qualifying activity tracker, upfront “bet”

What’s StepBet

StepBet is a exercise app that permits you to “win” money by meeting your activity goals. Like HealthyWage and DietBet, the concept is to make use of an economic incentives to motivate.

How it really works

If you need to play, you’ll need to attach an activity tracker to the app. The activity tracker might be in your iPhone or Android device, or might be a iWatch, Fitbit, S Gear or Garmin tracker. This app doesn’t work with all fitness trackers, though, so check to see in case your device is compatible before you enroll.

StepBet will use your fitness trackers historic data to calculate your average movement and create two ambitious goals for you to fulfill. One is an “lively” goal that will likely be a step-up out of your normal activity. The second “power” goal presents a much bigger challenge. Your mission is to fulfill a set variety of “lively” and “power” days each week.

You bet on yourself at first of the competition (normally 6 weeks) and, when you meet your goals throughout the competition, you split the pot (minus site fees) with the opposite winners.

For those who use the app’s free version, you may take part in only one contest at a time. Nevertheless, when you upgrade to a paid membership, you may take part in several bets concurrently.

StepBet review

StepBet is one in every of several behavioral finance corporations that help people get healthier through weight-reduction plan and exercise. They do that by getting you to place up a couple of bucks to “bet” on yourself. Researchers have found that putting money in danger can greatly increase the prospect of success.

This isn’t gambling because you’ve control over whether you win or lose this bet. It’s simply a way of making an economic incentive to motivate you to follow through on becoming more lively.

The fee of bets can vary by the competition. However the ante for many is $40, which should be paid up-front.

Ap glitches

Most participants in these bets are passionate about the inspiration. Nevertheless, StepBet has had some recent problems getting the app to trace steps properly, particularly with Apple products. And customer support responds so slowly to those issues that many individuals complain that it caused them to lose their bets.

On the brilliant side, when you give the location a foul review within the app store, it awakens the sleeping customer support giant, which apparently provides refunds and/or allows the disgruntled consumer to restart their bet.

Also, some users complained that they signed up without knowing that their devices are not any longer supported.

Make sure to check the list of supported trackers before you place your bet. If the app can’t track your activity, you lose.

Exercising for money

That said, when this app works prefer it’s designed to, it provides wonderful inspiration to ramp up your exercise. Typically, StepBet’s require participants to place up $40 on a six-week bet. The primary week is a “warm-up” where nobody will likely be disqualified. Nevertheless, after that time, you need to meet your step goals every week to win your bet.

The entire winners split the pot, minus StepBet’s 15% commission. Nevertheless, if everyone wins, StepBet will waive its fees to provide everyone at the least the quantity they bet back.

Membership

You possibly can take part in one game at a time at no cost. But this site also sells memberships for $60.

That membership simply gives you the flexibility to have interaction in additional bets — as much as 3 — at one time. For those who’re doing this as a way of constructing extra money in your bets, it seems unlikely that this strategy pays off. A blogger at Steemit tested it out and concluded much the identical.

Especially in light of the app-tracking issues, we wouldn’t recommend the paid membership. However the free membership is a terrific deal. You get motivation, normally for the price of a $40 bet. And, when you persist with it, you get your $40 back.

Site fees

The location charges a 15% commission. But when greater than 85% of participants win by meeting their exercise goals, StepBet will waive that fee to make sure that that each one “winners” get at the least as much as they bet back at the top of every challenge.

Payments

Winnings are deposited in your account as “points.” You possibly can have them cashed out via PayPal at any time. Nevertheless, when you leave your points in your account, they may expire after 12 months. So, don’t try this.

What if…..?

You change activity trackers mid-bet. You’ve got to make use of the identical activity tracker in the course of the competition. So don’t do that.

You get sick and might’t participate? Contact support.

You go on vacation? For those who are vacationing during a bet, you continue to need to fulfill your step goals in whatever time zone you’re in. Failing to try this will cause you to lose your bet.

Recommendations

We like all of the sites that motivate you to weight-reduction plan and exercise. This includes StepBet, HealthyWage and DietBet. you may read our reviews of other sites by clicking on the links above. You possibly can sign up with StepBet here.

What their users say (from Google Play)

A terrific solution to push yourself to remain lively!

I absolutely love this app! It’s SO motivating, and keeps me accountable!

Hello…support?

After waiting many weeks for a response from customer support, I finally left a foul review. This triggered support successfully resolving my issue. I actually have enjoyed using this app up to now, but don’t like that help only comes whenever you complain. Potential users, take note, and good luck together with your step challenges.

I would really like to provide this app a try but unfortunately it doesn’t work for Samsung or Google Fit.

Hi i would like someone to reply ASAP. had a difficulty logging to my account and had big games occurring. Don’t wish to loose for this reason, specially on my last one in every of six weeks Challenge . Please respond 🙏 😢

3/18/2024