Healthywage.com?

[jeromedawg]

Hey all,

I just stumbled across this site, www.healthywage.com, and am toying with the idea of participating especially with my recent endeavors to diet better and exercise more. Definitely a form of incentive haha. What do you guys think? Have any of you actually tried something like this? I've heard of apps where you simply pay and either get your money back if you stay in shape or lose it if you don't. This is a little different though since there are potential gains. I just calculated a 9 month goal of losing 15lbs with a $50 per month bet ($450) and the prize was $500. I think the prize goes up either if you shorten the duration or if you raise your per month bid.

[boarder42]

i did a lot of diet bet's this seems much more lucrative i may jump on this

[shotgunwilly]

Haha! This is interesting. Good company idea considering most people don't meet their weight loss goals.

[boarder42]

Prize value increases with
1. Longer Duration
2. Higher Loss goal
3. Higher bid

[ILoveMyBlondeStache]

This past fall my company sponsored a jackpot challenge on healthywage.com and I participated.  We had to form teams of 5 people.  Each person's entry fee was $60 but the company paid half, so it cost me $30 to enter.  If your team lost 6% as a whole, you split the jackpot.  My team was one of the few successful teams, and we each got $116 twelve weeks later.  My only criticism was that healthywage took a healthy portion of the jackpot.  My winnings should have been $163, but I only received $116 due to their fees taken off the top.

If you can count on yourself, it's a sure bet, and I say go for it!  My success was a little too close for comfort due to one person on my team sucking at life, and almost ruining our team's achievement.  We eeked by though. :-)

[boarder42]

is that prize on top of your bet or is that just winning 50 bucks.

[ILoveMyBlondeStache]

is that prize on top of your bet or is that just winning 50 bucks.

Sorry, that was a little unclear.  My total out of pocket personally was $30, but my company put in $30 as well, making the total entry fee $60.  Then my payout was $116 total.  So I actually "won" $56 but personally I benefited by $86 due to the company input.

[boarder42]

yeah and the guy up top is winning 50 bucks on 450 bet.  the real thing to do is the team challenge where you can win 10k if you lose the most out of all teams looks like it takes around 15+% to win that one in 3 months.

[Pootie22]

I actually participated in their 10% challenge 2 years ago (not sure if they're still doing that one). Basically bet $150 to loose 10% of my weight in 6 months and won $300. Easiest $150 I ever made! Not really sure how this betting per month thing works but the website was really easy to work with and easy to redeem/cash in

[jeromedawg]

Wish I had known about this earlier (per the 10% bet) cause I would have jumped all over this I think. Except, those Disney Cruises (completely anti-mustachian but paid for by my retired parents haha!) sure wouldn't have helped LOL