StepBet

What is StepBet?

StepBet is an exercise app that allows you to ‘earn’ money by reaching your activity goals. Like HealthyWage and DietBet, the idea is to use financial incentives to motivate.

How does it work

If you want to play, you’ll need to connect an activity tracker to the app. The activity tracker could be on your iPhone or Android device, or it could be an iWatch, Fitbit, S Gear or Garmin. However, this app does not work with all fitness trackers, so please check if your device is compatible before signing up.

StepBet will use the historical data of the fitness trackers to calculate your average movement and create two ambitious goals for you to achieve. One is an “active” goal that will be a step up from your normal activity. The second “strength” objective presents a greater challenge. Your mission is to meet a set number of “active” and “active” days each week.

You bet yourself at the start of the contest (usually 6 weeks) and if you hit your goals throughout the contest, you split the pot (minus site fees) with the other winners.

If you are using the free version of the app, you can only enter one contest at a time. However, if you upgrade to a paid membership, you can participate in multiple bets at the same time.

StepBet review

StepBet is one of many behavioral financial companies helping people get healthier through diet and exercise. They do this by forcing you to put up a few dollars to “bet” yourself. Researchers have found that putting money at risk can significantly increase the chances of success.

This is not gambling because you are in control of whether you win or lose this bet. It’s just a way of creating a financial incentive to motivate you to keep getting more active.

The cost of bets may vary depending on the competition. But the ante for most is $40, which must be paid in advance.

Application crashes

Most participants in these bets are excited with inspiration. However, StepBet has recently had some problems getting the app to track steps properly, particularly with Apple products. And customer service is so slow to respond to these issues that many people complain that it has caused them to lose their bets.

On the bright side, if you give the site a bad review in the app store, it wakes up the sleeping customer service behemoth, 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 were no longer supported.

Make sure you check the list of supported trackers before placing your bet. If the app can’t track your activity, you’re missing out.

Exercise for money

That said, when this app works as designed, it provides great inspiration to boost your exercise. Typically, StepBet requires participants to put $40 in a six-week bet. The first week is a “warm-up” where no one will be eliminated. However, after that point, you must meet your step goals each week to win your bet.

All winners split the pot, minus StepBet’s 15% commission. However, if everyone wins, StepBet will waive its fees to refund everyone at least the amount you bet.

Membership

You can join one game at a time for free. But this site also sells memberships for $60.

This subscription simply allows you to participate in more bets — up to 3 — at the same time. If you are doing this as a way to make more money on your bets, it seems unlikely that this strategy will pay off. A blogger on Steemit tried it and came to the same conclusion.

Especially in light of the app tracking issues, we wouldn’t recommend the paid subscription. But the free membership is great. You get incentive, usually for the cost of a $40 bet. And, if you keep it, you’ll get your $40 back.

Location Fees

The site charges a 15% commission. But if more than 85% of entrants win by hitting the exercise goals, StepBet will waive this fee to make sure all “winners” get at least what they bet back at the end of each challenge.

Payments

Earnings are deposited into your account as “points”. You can redeem them via PayPal at any time. However, if you leave your points in your account, they will expire after 12 months. Well, don’t do that.

And if…..?

You change activity trackers; middle bet. You must use the same activity tracker for the duration of the competition. So don’t do that.

You fall ill and you can’t participate? Contact support.

You I’m going on holidays? If you take a break during a bet, you should meet your step goals in whatever time zone you are in. If you do not do this, you will lose your bet.

recommendations

We all love websites that motivate you to diet and exercise. This includes StepBet, HealthyWage and DietBet. you can read our reviews of other sites by clicking on the links above. You can join StepBet here.

What their users are saying (from Google Play)

A great way to push yourself to stay active!

I absolutely love this app! It is SO motivating and keeps me accountable!

Hi…support?

After waiting many weeks for a response from customer support, I finally left a bad review. This triggered support to successfully resolve my issue. I’ve enjoyed using this app in the past, but I don’t like that help only comes when you complain. Potential users, take note and good luck with your step challenges.

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

Hi, I need someone to reply asap. i had a problem with my account registration and i had big games going on. I don’t want to lose because of this, especially in my last six week challenge. Please reply 🙏😢

18/3/2024