HealthyWage Review: Bet on Yourself & Get Paid (Up to $10,000) to Lose Weight

Posted On Aug 1, 2018 By admin With 1 Comment

HW is a company that allows you to participate in health and wellness and weight loss challenges for cash prizes.

When you join, you can participate in individual or team challenges, and if you or your team wins, then you’ll make money.

It’s a great way to stay motivated with your weight loss and health goals.

You can use the site from your computer – just visit the website at healthywage.com.

With HW there are four main challenge programs available.

To ensure there is no cheating, there are rules for each of these challenges.

This is an individual weight loss challenge – so if you’d like to participate in a challenge, but not as part of a team, then this is ideal.

It allows you to place a customized weight loss bet.

With this challenge, you place a bet on yourself to lose a certain amount of weight within a specific timeframe.

You get to choose the amount of weight you want to lose, and the timeframe in which you want to lose it, which is great.

When you register and make your bet, you can choose to pay all at once or per month, for the duration of your challenge.

You can win up to $10,000.

The prize you’re offered will vary depending on factors, like how much you bet, your current weight, your BMI and the time period in which you want to lose the weight.

According to the company, it offers bigger prizes to people who statistically have a more difficult time losing weight.

You need to have your weight verified once at the beginning of the challenge and once at the end.

There are two ways to do this:

Download the app after you register. Then, follow the onscreen instructions to allow one of the company’s referees to remotely witness your weigh-in. This takes around two minutes.
Make a short weigh-in video that you upload securely to the site.

Така, you just need a smartphone, and your scale, and of course the app if you’re using the first method, to weigh in.

You can conduct your verified ending weigh-in during the last two weeks of your challenge.

What’s great about this challenge is that if you need more time to reach your goal, then you have the option to “Buy More Time.” This adds six months and six installments to your challenge – the prize and weight loss goal remains the same.

2. Team Challenge

With Team Challenges, as the name suggests, you participate in a challenge in a team.

Teams are made up of five people, each of whom has to lose a certain amount of weight.

You can sign up with a team of five if you know other people who’d like to lose weight and earn money.

Or, you can join a team, or get matched with a team.

Handily enough, HealthyWage will help you to find a team if you don’t have one.

The team who loses the greatest percentage of weight in total wins

Unlike with the HealthyWager challenges, it’s the team’s weight loss as a whole, rather than individually that counts.

All members must lose weight in order to win.

It’s the team with the biggest percentage of weight loss overall that wins.

Така, HW only counts weight loss up to 16.6% per person.

Losing more than 16.6% of your bodyweight doesn’t get you disqualified, but any weight loss beyond 16.59% doesn’t count towards your team’s weight loss for the challenge.

It’s the team’s average weight loss that counts. The winning team is the one whose members each get closest to the cap.

Just as you do with the HealthyWager bet, you need to have your weight verified once before the start date and once within two weeks before or on the end date of the challenge.

Aside from these verified weigh-ins, everyone in the team needs to complete an unofficial weigh-in once a week. This is to help keep the team up to date and to help to identify misconduct and when certifying winners at the end of the challenge.

3. Jackpot Challenges

Jackpot challenges are available to both teams, and individuals.

Individual ones are referred to as Personal Jackpot challenges.

With Personal Jackpot challenges, you need to lose 6% of your weight and you’ll win money.

For team challenges, all teams that reach or exceed the 6% average weight loss in their verified weigh-in at the end of the challenge period win.

Then, the prize pot, so the money collected at the start of the Jackpot Challenge from participants, is divided between all members of the winning teams.

There are a range of individual and team challenges available, and all vary in how much you have to pay each month.

4. Step Challenges

Step Challenges are team challenges where each member needs to increase their steps by 25%.

And, all of the participants who win split the pot.

Така, if you’re looking to become more active, then this is a great challenge type.

Unlike with the other team challenges, in Step Challenges, while you are part of a team, you participate as an individual.

Така, if you increase your personal step goal by 25% at the end of the challenge, then you win, regardless of whether the other team members meet their step goal.

You can view Jackpot and Step challenges, as well as HealthyWager and Team challenges here.

How much can you earn?

How much you’ll earn depends on a range of factors, such as which challenges you take.

According to the company the average prize payout for challenges was $1,223.58 from November 2017 through April 2018.

For the team challenges, the prize can be up to $10,000.

And, obviously how much you’ll earn from the HealthyWager bet varies depending on a variety of factors, such as the time period you plan to lose the weight in, and how much money you put on the bet.

Така, for example, if you wanted to lose 10 pounds in ten months, and you placed a bet of $30, then your prize range would be $333 to $600 – before you enter details such as your gender and height.

Но, if you wanted to lose 10 lb. in 5 months and you placed a bet of $70, then your prize range would be $467 to $720.

Lets calculate how much you can win!

Curious about how much your prize can be?

The company has a handy little calculator that lets you put in your numbers to see how much you could win. Try the HealthyWage calculator here.

HealthyWage Taxes

One of the most often asked questions about HW is related to taxes and how you deal with it in relation to your winnings.

Since the IRS has set a $600 threshold for reporting, the company will not collect your tax info if your winning is less than $600 in a year. If your winning is more than $600, then they will report it and you’ll have to pay taxes on it.

Is HealthyWage Legitimate?

It sure is!

The app has been featured by many major media outlets, such as:

NPR
Today Show
Good Morning America
Fox News
ABC
The Doctors
CNN
The New York Times
The Huffington Post

So you don’t have to worry about it being a scam.

The app has a four star rating on both Google Play and iTunes stores.

Така, this is a well-known and well-reviewed app.

HealthyWage has an A rating with the BBB (Better Business Bureau) and gets 4.55 out of 5 stars based on customer reviews and complaints.

You can also find a lot of good reviews and positive feedback on Reddit from actual users who either have lost a lot of weight and made money on the way or are in the process of losing more weight and winning more money.

Should you Join?

If you really want to lose weight, and you’d also be interested in participating in team challenges, then this is definitely the program for you.

It offers such a wide range of challenges, and the prizes are up to $10,000!

Така, this is a great way to earn some money while losing weight.

And, the social and group element of the team challenges means that you have extra motivation to lose weight or be more active.

Plus, what’s great about it is that it allows you to participate in more than one challenge at a time.

In fact, you can participate in up to 10 challenges at the same time. This means that you can earn more money for the same weight loss. Така, you can really maximize your winnings.

However, you can’t have more than one HealthyWager bet at a time. Но, you could have a HealthyWager bet alongside a Team challenge, step challenge and jackpot challenge.

HealthyWage vs DietBet

DietBet is another similar app that pays you to work out and lose weight.

It is almost identical with HW but the main difference comes down the number of ways you can earn money. With HW you have more ways to earn money including losing weight, maintaining weight and referring friends and family.

Also with HW you don’t share the jackpot. The winner get’s it all!