Posted by Some people who use an online wagering service start their weight loss journeys with that service. That is, they sign up for Healthy Wage or DietBet first and then try to execute on one or more diet plans to get moving in the right direction.
But I wasn’t one of those people. I actually lost weight successfully for three months before I had even heard of Healthy Wage or DietBet.
I will go into more detail on the techniques and strategies I employed between October of last year and January of this one in another post. But I will say that to succeed at this, and in the textbook manner that I did, the initial successes before entering the game and the lessons learned from it were essential.
In online forums, you hear a lot of talk about keto, fasting, low-carb, snake diet, etc., etc. People ask for advice on what to do, and people respond with advice on all of these things. But they are all very hard to do, and to do correctly. In the end the best way to do any of them with success is to actually do them and learn along the way.
It may be a good idea to lose a little weight on your own before heading into a Healthy Wager with a lot of money. That way you aren’t struggling so much to climb a learning curve once there is real money on the line. This might cost some profit, but in the end it may be a good trade-off.
This might be a good application for a what-if analysis session:
For example, a 280 pound man who hadn’t been dieting before can set up a profile for his current weight and compute returns for losing, say, 80 to 120 pounds. These would assume he would sign on to a HealthyWager and be required to perform the diet with no recent experience.
He then could create a profile for a 260 pound man with a slightly reduced waist measurement, and compute the returns on losing 60 to 100 pounds. This would allow him to lose 20 pounds on his own for awhile without the pressure of losing lots of money.
The returns for starting at 280 are greater than for starting at 260. So there’s a financial cost to waiting to start the bet after losing some “practice weight” first. But the what-if analysis can quantify that for you.
(Note to self: develop a personal example comparing starting at 303 versus waiting 3 months and starting at 268. Which would have been my own situation, had I known about Healthy Wage back in October.)
I will close this by reminding you that weight loss is HARD. If it wasn’t, Healthy Wage would not offer to double or triple large sums of money for actually pulling it off.
In their upcoming TV ad, it states In large text:
AVERAGE WINNER LOSES 40.7 POUNDS AND GETS PAID $1,245
But in the fine print it actually says:
The number of people who lose their bet is greater than the number who win.
So if you win your HealthyWager, reach around your shrunken love handles and pat yourself on your bonier back, because you are in a statistical minority. You done good!
I want you to win. I can tell you all about the calculator and odds an stuff, but it’s all quite worthless if you can’t perform on the bet itself. Do whatever it takes to set yourself up for success before you sign up.
Weight Betting Odds 