You must wager $25 a month or pay a one-time $125 fee. Transformer, which lasts for 6 months, requires that you lose at least 10% of your body weight. Entry fees vary per challenge, but the average bet is $30. Kickstarter, which lasts for four weeks, requires that you lose at least 4% of your body weight. If more people lose in the contest you join, the more money you get to take home.ĭietbet offers three weight loss challenges: Kickstarter, Transformer, and Maintainer. Once the contest ends, participants who win get to split 85% of the money since Dietbet takes a cut. The contest begins with contestants pooling their money.
Joining challenges with other people doesn't mean you're competing against them anyone in the team who hits their goal wins the cash prize. This means that if you join a contest with a $10 fee, you could expect to win around $15-$20. Entry fees for challenges vary, but you can enter a contest for as low as $10 with the Kickstarter program, and you can expect to win 1.5-2x the amount you bet. If they win, they get their money back with a small profit. How does DietBet work?ĭieters may enter a variety of weight loss contests at once. This offers dieters more freedom to select a contest that better suits their lifestyle.
The only difference is that DietBet offers more variety in its weight-loss contest options.ĭietBet offers three programs of varying duration, weight loss goals, wager amounts, and prizes. Just like HealthyWage, DietBet allows you to get paid to lose weight by betting on yourself. This is where HealthyWage gets its cash prize from.įor reference, a five-person team had to lose 266 pounds collectively over 14 weeks in order to win the cash prize of $10,000. If you're looking to get paid to get in shape, HealthyWage offers two weight loss challenges: a solo challenge where you compete only with yourself by shedding weight or lowering your BMI and a group contest called “Matchup Challenge” where you compete in a five-person team to win the site's $10,000 grand prize.īoth challenges require a participation fee from all members. Through gamification, users join exciting challenges that do away with pre-diet procrastination and offer weight loss aspirants more motivation to push through. The added element of fun also makes weight loss something you're more likely to stick with. By dieting in teams, you’re more likely to succeed with encouragement, teamwork, and peer pressure. HealthyWage encourages weight loss in two ways: social dieting and gamification. HealthyWage has so far rewarded over $430,000 to weight loss aspirants who have lost over 860,000 pounds collectively. The platform has a simple promise: if you lose 10% of your body weight over six months, you instantly win $100. HealthyWage is one of the most popular sites that allow you to make money losing weight. List of Ways to Make Money Losing Weight HealthyWage Ready to begin your weight loss journey and get paid for it? Read on below.
#Weight loss wager how to#
If you’re wondering how to make money losing weight, we've narrowed down the choices to 7 of the best weight loss contest websites while focusing on legitimate and high-paying platforms. If you're confident in your capacity to lose weight, or if you're looking for that fire to help you stay on track, then you can make a few bucks from these weight loss websites. The study recommended longer-term incentives.īut really, maintaining lost weight is another story. The research found that financial rewards did allow participants to lose more weight than a control group, but they immediately gained it back after an eight-week weight loss maintenance phase. However, while financial incentives are a strong motivator for losing weight, a 32-week study from Carnegie Mellon University found that the approach is not that effective for long-term weight loss. See Related: 20 Best Side Hustles to Earn Extra Income Do weight loss contest platforms really work? If you don't, your money is awarded to the winners. If you reach your weight loss goals within the specified time, you get a cut of the share.
All competitors pool their money before the weight loss challenge begins. Some weight loss competition platforms will donate profits from lost wagers to charity, while others will offer your wager to users who have met their goals.
You can get paid to lose weight alone or with a group of friends, depending on your preferred diet site. This means that you get rewarded for achieving your goals (and penalized for missing them). Weight loss websites and apps allow you to wager on your weight loss or on completing a particular physical activity. How to lose weight (and make money along the way) List of Ways to Make Money Losing Weight.Do weight loss contest platforms really work?.How to lose weight (and make money along the way).
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