Introduction
StepBet is a unique fitness app that motivates you to achieve your fitness goals by betting on yourself. By placing a monetary bet, you commit to completing specific weekly fitness challenges tracked via supported fitness devices like Garmin, Fitbit, or Google Fit.
The concept behind StepBet is simple: the financial stake acts as a powerful motivator to ensure you stay active and meet your exercise targets. Successful completion of these challenges allows you to earn a share of the pooled bet money, which can be withdrawn via PayPal or used for future games. Available worldwide to users aged 18 and above, StepBet offers a dynamic way to combine fitness and financial incentives to help you stay on track with your health goals.
What is StepBet?
StepBet is a fitness app that lets you earn by betting on yourself. Yes, you read that right. You have to bet money when you use this app.
That’s because StepBet aims to keep you motivated to exercise so you can achieve your fitness goals.
And the best thing to do is involve money, according to them. They believe this is the biggest motivator to achieve your fitness goals. If money is involved, there is a high probability that people will do whatever it takes to get it.
Make Money By Fitness Game From StepBet
So let me explain exactly how it works There is only one way to earn from this app, and that is to join their fitness games You can join two types of games–members only and free to join games
To view the available games, you just need to log into the app. You will then see something like the image above. As you can probably tell, the members-only games will be for the app’s premium members.
So, if you haven’t upgraded your membership level yet, only free-to-join games will allow you to join.
To join a game, press the game you want to join and it will show you the full details of the game, including the bet you need to place, the total number of players and the amount of the pot.
Once you click the “Join Game” button, you’ll need to indicate how your steps will be tracked.
StepBet only supports the following fitness trackers:
- Garmin Trackers
- iPhone Apple Health by phone
- iPhone Apple Watch
- iPhone Fitbit
- Android Fitbit
- Android Google Fit via phone
- So, you must have one of these to join.
If you don’t have it, I would suggest that you use Google Fit as you don’t need a fitness device (like Fitbit) to use it. All you need is an Android mobile device with an internet connection to track your steps.
Once you select a fitness tracker, the app will calculate your weekly goals. This weekly goal will be based on previous data collected by your fitness tracker. If you’re using your fitness tracker for the first time, the app won’t be able to calculate your weekly goals, so you won’t be able to join the game.
Typically, weekly goals involve walking a certain number of steps or running a certain distance. So, it won’t be that complicated to achieve. You just really need to be dedicated.
The first weekly goal is usually a warm-up goal, so expect it to be relatively easy. Weekly goals will remain the same for the remaining weeks of a challenge. If you manage to complete all the weekly goals, you win the game and you get the reward.
So the real aim of these fitness games is to keep you physically active by completing all the weekly goals. Thus they help you achieve your goal of being physically fit.
As for the amount you have to bet, it will usually be $40 and can be paid by PayPal, credit card or previous winnings. The process is the same game for members only. The only difference is, the pot money for members-only games will be higher, so you can win more.
How Do You Get Paid From StepBet?
For every fitness game you win, you get a certain number of points. Now, how you want to use these points is up to you. As mentioned above, you can use this to place a bet for the next fitness game you join, or you can cash out.
If you choose to cash out, you can do so via PayPal. You have to exchange your points for cash and then withdraw it to PayPal. Conversion rate is 1 Point = $1. And you don’t have to reach the payout threshold to withdraw your earnings. You can withdraw at any time.
Now, let me explain you how their rewards system works. As you are aware, each game includes a pool of money. For each game, there is usually more than one winner. What will happen is that StepBet will take a 15% cut off the bet money and the remaining amount will be distributed among all the winners.
This means the amount you bet will be refunded and you will get an additional amount depending on the number of winners. If there are multiple winners, resulting in each winner taking less than their bet, StepBet will waive the 15% cut so they can refund your bet and you won’t lose any money.
How To Join StepBet?
StepBet is available worldwide. So, you will register as a member wherever you are. But you must be at least 18 years old to join.
To become a member, you must first install the app on your mobile device. Then, you can sign up using your Google, Apple, or Facebook account. Or you can provide your own email address and password.
After completing that step, you can log in to the app. However, as previously mentioned, you need to connect a supported fitness tracker to your account so StepBet can monitor your progress. Therefore, once you become a member, I recommend linking your fitness tracker app to StepBet immediately so you can start joining games.
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