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Dieters compete to win big bucks on new social media site

Posted at 1:28 AM, Mar 15, 2013
and last updated 2013-03-15 01:28:28-04

Would you be motivated to lose weight if you could win thousands to do it?

That’s the idea behind one of the newest social media sites.

It's not set up for you to make friends or meet the love of your life; it's dedicated to helping you drop pounds and you can win money while you do it.

Dietbet.com is a 4-week social dieting game.

You can create a group or join one and put money in the pot.

Whoever loses 4 % of their body fat wins!

One pot has nearly $21,000 in it!