HealthyWage is a website and free Android app that lets you bet on your own weight loss. You can try and go it alone or join a team. HealthyWage sets challenges, and if you succeed at them, you can win real cash.
What is HealthyWage?
The available number of weight loss apps that let you win a bet are few, with DietBet and WayBetter the other two leading apps. Like HealthyWage, they let you set goals and then reward you with real money.
HealthyWage is a little different. For instance, it focuses entirely on weight loss. Second, there are four different challenges for which you can sign up. You can win up to $10,000 as an individual or as a group of five, participate in jackpot challenges where the prize money is shared between all participants, or try to achieve step goals (solo or with a team) by linking up with Google Play, Garmin, or Fitbit.
How does HealthyWage work?
The first step is to use the prize calculator to set a target weight loss goal (e.g., 50lbs). Then, you set a timeframe to achieve your goal (in months), and finally, add extra details, like your current height and weight.
The calculator then walks you through a rough weight loss timeline, interspersed with previous winners’ motivational messages and progress pictures. You have to ‘bet’ a set amount every month, but you’ll end up with a profit if you meet your target.
What’s the catch with HealthyWage?
You have two weeks to weigh out, from the end of your wager, using the HealthyWage app. This process includes uploading a photo ID and an electronic signature to prove you didn’t cheat.
You may also need to fill out a tax form for the IRS. Otherwise, you choose whether you want to receive your winnings via check or Paypal. Checks typically take a week to process, but Paypal averages around three days. Additional fees sometimes apply to these payment methods.
HealthyWage rarely offers refunds, as it considers them to be negative reinforcement. You can, however, extend a weight loss deadline. Although it’s possible to cheat, you risk forfeiting your cash. You bet your own money for an outcome that’s entirely in your hands, so HealthyWage isn’t classed as gambling.
Should you download it?
Yes. If you’re serious about weight loss and want to win a decent chunk of money, HealthyWage is for you.