Betting on Weight Loss: There’s a Website for That

It’s no big secret that humans are incentive creatures. Whether it be getting good grades, performing better at work or even losing weight, we tend to really step up our game when there’s a financial motivator pushing us on. Well, there’s a website for that. Actually, there are a few.

Weight loss betting sites are interesting in that they offer more than just the allure of winning money online; they encourage positive habits. When you win a weight loss wager, you don’t just win money. You also win better health, improved body image and more energy. If you’ve had a hard time losing weight or just want to just want to earn some extra cash for something you were planning on doing anyways, you ought to consider putting some money on the line.

Today I’m going to give you a basic overview of three major diet betting websites. Each of these sites takes a unique approach to weight loss wagering, but the general theme is the same wherever you go. You put a little cash on the line, log your weight loss journey and earn a profit if you reach your goal. The exact details vary from site to site, but that’s the basic idea.

And yes, these sites all have ways to detect and prevent cheating. If you’re not serious about losing weight, you’ll find it hard to scam these sites for easy cash. You’re going to either upload very specific photos or take short videos for verification. I’ll explain more below.

One thing you’ll notice is that these sites all have strong social elements. Research has found that people are more likely to reach their weight-loss goals when they feel like they’re not doing it all alone. These sites support teams, help you make friends and provide numerous ways to keep in touch and encourage one another.

DietBet

Website: www.dietbet.com

DietBet allows you to join competitions with groups of friends and strangers. Each participant pays a flat fee to join the contest (typically anywhere from $10 to $100). This money forms the pot. At the end of the competition, the people who meet their goals all split the pot.

For example, let’s say you join a $30 contest with 40 other people. There’s going to be $1200 in the pot. If 20 of you reach the goal, each person gets 1/20th of the pot. In this case, you would get back $60 at the end of the contest.

You can create your own contests or join contests hosted by other people. Premade contests come in two flavors: the Kickstarter and the Transformer. Kickstarter contests come with the goal of losing 4% of your body weight over 4 weeks. Transformer contests come with the goal of losing 10% of your body weight over 6 months.

In many cases, contests are hosted by celebrity fitness trainers. Join one of their contests and you’ll be able to check in with the contest organizer, ask questions and interact with the other people. It’s all designed to give you the best of two strong motivational tools: money and teamwork.

Verification

DietBet requires photo verification to ensure you’re really playing the game and losing weight like you’re saying. When you enter a contest, you’ll be asked to take two photos:

  • The first photo must be a full body shot of you standing on a scale wearing airport security attire (no shoes, no belt and no bags or other objects in your hands). You can take this photo with a full-length mirror or by having a friend take the picture for you.
  • The second photo must be an up-close picture of your weight as indicated on the scale. This picture must be accompanied by a piece of paper with the word of the day visible in the photo.

You will be given 48 hours after the end of the contest to verify your final weight with two more pictures that abide by the same specifications outlined above.

Referees hired by DietBet review photos and keep an eye out for anomalies. If something doesn’t look right, you may be asked to upload video verification. Anyone caught cheating will be kicked out of the contest, lose his or her original wager and potentially be banned.

HealthyWage

Website: www.healthywage.com

HealthyWage allows you to place real money bets on individual and group weight loss goals. In a personal challenge, you select how many pounds you want to lose, how long you need to reach your goal and the amount of money you wish to wager per month. The system calculates the difficulty of your bet and tells you how much cash you stand to win if you’re successful.

Next, upload a 30-second video or have a certified fitness instructor or doctor verify your starting weight on your behalf. After you’re verified, it’s time to start losing weight. You’ll have until the last day of the contest to reach your goal. If you reach your goal and have your final weight verified, you’ll be paid.

HealthyWage also offers $10,000 team challenges. In a team challenge, you join forces with four friends, family members or coworkers to form a team of five. Your team will compete against other teams to see which team loses the most weight on a percentage basis. Each team challenge contest offers large prizes to the team that loses the greatest percentage of weight:

  • 1st Place Team: $10,000
  • 2nd Place Team: $5,000
  • 3rd Place Team: $1,000

Each teammate will pay a total of $75 spread across three monthly payments of $25. Your team will receive guidance all the way through the challenge in the form of dieting tips, new exercise ideas and achievement ribbons for reaching milestones.

Verification

There are two methods to verify your start and end weights. First, you can take a 30-second video at home and upload that to HealthyWage.com. You’ll be asked to show your weight, wear light clothing and keep nothing in your pockets. The goal here is to get an accurate reading of your actual weight.

The other option is to have your weight taken and verified by any wellness, health, pharmacy or medical professional. HealthyWage will give you a form to print off and give to the person verifying your weight. That person will sign off on the document and then you scan a copy and e-mail it or take a photo of the document with your phone and upload it.

HealthyWage also has people on staff to verify that everyone is playing by the rules. If anything looks suspicious, they’ll step in and take a closer look. Anyone caught cheating will be kicked out of the contest and not be refunded.

stickK

Website: www.stickk.com

stickK is a personal goal-setting website that allows you to make more than just health commitments. You can bet on any type of personal goal here – everything from losing weight to finally cleaning out the garage. In this one, you sign a legally-binding contract, put money on the line and then get that money back if you achieve your goal.

Fail to reach your goal and stickK will keep some of your money and donate the rest to charity. Even better, stickK has an anti-charity option in which you designate a charity that you’re strongly opposed to. For example, someone extremely opposed to abortion could select the NARAL Pro-Choice America Foundation. Someone extremely pro-choice could designate Americans United for Life as their anti-charity.

Anti-charities up the stakes considerably. Not only do you lose your original wager, but your money is given to a cause that goes against your beliefs. stickK purposely chooses contentious charities that include the likes of gun control, climate change, gay marriage and so on. The purpose is to give you a strong incentive to reach your goal. You don’t want your hard-earned money to fall into the wrong hands, do you?

You can also designate that your money be given to an individual person of your choosing (friend or foe). Failure to keep your goal will result in that person getting your money. Reach your goal and you’ll get your money back at the end.

Verification

Verification isn’t quite as thorough on stickK because you don’t compete against other people or “win” money. The best you can do is get your money back when you’re successful. However, you do have the option to select someone else to monitor your progress and keep you honest. This person could be a friend, family member or someone else interested in helping you reach your goal.

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