How does HealthyWage’s Prize Calculator Work?

The HealthyWager Challenge is an individual weight loss challenge where you can get paid to lose weight (up to $10,000)! In order to determine your prize, you will need to play with the prize calculator first. 

HealthyWage’s prize calculator uses a proprietary algorithm that takes several factors into account including your weight, your BMI, the amount you bet, the amount of time you want to lose the weight, and the time of year you make your bet. We are consistently fine tuning the algorithm, so there is no guarantee that two people with similar stats will have a similar payout. While our algorithm is a secret, your prize and profit are not. We will always confirm with you the exact prize amount (and profit) before you make your wager. Once you make your bet, your prize amount is guaranteed — it will not change. Follow the directions below to create your customized challenge and see your prize!

Your HealthyWager Challenge Details

Go to the HealthyWager calculator and select:

  1. How many pounds you want to lose. Your goal must be at least 10% of your body weight.
  2. How many months you need to reach your goal. Your challenge must be at least 6 months. This is because we want to encourage healthy weight loss and allow you time to try out, implement, and maintain healthy habits that you will continue practicing after your challenge completes.
  3. How much you want to bet per month. Your minimum bet must be at least $100 total. For example, if you’re doing a 6-month challenge, you could bet $20/month. You can pay your bet in monthly installments or all at once at the start of your challenge.

You will see a prize range underneath your challenge details; however, you must proceed to the next screen and fill out your personal details such as height and weight in order to see your specific prize amount. 

Your Personal Details

  1. Select your gender
  2. Enter in your height. Make sure the height you enter is the same height listed on your driver’s liscence (we verify this at the end of your challenge).
  3. Enter in your weight. Sometimes the weight people enter when playing with the prize calculator ends up being a little different than their weight at their verified weigh-in. This is common as many people don’t know exactly what their weight is. However, if your weight is off by more than a few pounds, you might hear from one of our friendly referees who will help sort out what your official weight is.
  4. Enter your email address and create a password. We require this information so you can save and keep track of all your HealthyWager experiments completed on the calculator (people often run more than one experiment before signing up for their HealthyWager Challenge).

See Your Prize

Your prize is the total amount of money HealthyWage pays you if you win. Your profit equals your prize minus the amount you wagered in the first place. Most HeathyWager participants focus on the prize, since that’s the total money at stake (including the profit and the amount you wagered). In other words, the prize is the amount you will win (or not) depending on whether you achieve your weight loss goal. The amount of money wagered is often an even bigger motivator than the profit (aka the “loss aversion” principle).

Tips for Winning a Bigger Prize

  1. Increase your monthly bet amount.
  2. Increase your weight loss goal. Make sure to consult with your doctor regarding any medical issues that may impact your readiness or ability to lose weight in the challenge.
  3. Increase your challenge length.

If you’re not satisfied with your prize amount, we suggest trying more experiments till you get a prize you are most comfortable with. Remember, you can run as many experiments as you want!

Questions? Contact HealthyWage’s support team at [email protected]

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