Getting Paid to Lose Weight

I wanted to put together a list of all the ways I'm getting paid to lose weight and approximate earnings:

DietBet http://www.dietbet.com
- Profit: $0+/game, depends on success rate of those in bet, you will not lose money if you make your goal

Join a 4 week game to lose 4% of your body weight or a 6 month game to lose 10%. In most games you bet around $25/mo and if you win, you get to share a portion of the pot. You'll at least make your money back. DietBet makes their money by taking a cut of the pot before the rest is shared. Just wrapping up two 4% games with them now and am almost done with the 1st month of a 10% game.


HealthyWage http://www.healthywage.com
- Profit: Up to $20/lb lost w/Weight Loss Bet, or up $2000 in Team Challenge

Make a Weight Loss Bet to lose a set amount of weight over a set time. You get to choose how much weight (minimum 10%), how long to lose it, and how much money to bet. The more weight you lose, the more money you can make! You can also join a team challenge and compete for prizes against other teams. I just started the weight loss bet.


Pact (Formerly GymPact) http://www.pactapp.com
- Profit: $.30-$.40/workout, $.10-$.20 for each food logging day & fruit/veggie serving

Workout bets: Go to the gym and check in with GPS for 30+ minutes, workout with an app like MapMyFitness or Runkeeper for 30+ minutes, or use you iPhone's motion chip to monitor a home workout for 30+ minutes. Commit to X days/week and for each day you miss, pay $5 (or more if you selected it) as penalty for each day you miss. If you make all your committed days, split a cut of the pot from those that didn't make their commitment (they take a cut of the pot for themselves). (Done this for about 2 months now)

MFP Logging: New - log 3 or more meals/snacks per day with more than 1200 total calories per day. As above, you commit to the number of days and choose the penalty amount if you miss it. As above, you share in the pot of those who missed their food logging commitment. (Done this for 2 weeks)

Food/Veggie Logging: New - Commit to how many servings of fruits or veggies you'll eat per week and set your penalty amount. You take a picture of what you are eating and upload to the app and other users confirm whether or not it qualifies as a serving. (I'm not doing this one yet)


Pact Health http://www.pacthealth.com
- Profit: $250/yr

If you are a Blue Shield of CA member, you can connect your health insurance account to the Pact app above and earn $250/yr payable in monthly installments. (Just registered for this)


Synopsis:

For me, participating in contests by setting specific performance goals helps motivate me to achieve them. In all but the Pact Health, I also have money to win (or lose) with the contest as well, which further encourages me to succeed. I worked hard the last few days of the DietBets to make sure I'd come in underweight and about 1x per week I force myself to go for a workout to meet my 6x/wk goal even though I didn't want to, simply because I didn't want to lose the money.

I'm making $2.50-$3 per week from Pact, which covers 1/2 my gym membership. 2 DietBets/mo. will likely cover the rest. HealthyWage will earn me $1000 if I drop the 50 pounds in 8 months that I've committed to. Pact Health will earn me another $250 this year. All told, that's around $1500 this year to get paid to lose weight that I need to lose anyway and to do it at a faster rate than I would likely do it on my own.

This isn't for everyone, but I encourage people to check some of these out if this sounds interesting to them!