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Which is exactly the reason you institute a max credit system. It forces consistent habits and in turn weight loss in order to win. Done over a long period of time there will be a separation of the field and if there are multiple "winners" they split the winnings.
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I think it is less about the actual competition and more about the accountability and group dynamics. Groups have been shown to achieve greater success than individuals. I join the company "competitions" all the time to either motivate me to lose a few pounds or maintain my current weight over the holidays and I could…
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Long term (~6 months) Max credit week 1: 5% Max credit week 2: 3% Max credit every week thereafter: 2%